Sensex and Nifty Slip for Third Day Amid U.S. Tariffs and FII Outflows

📉 Market Overview India’s key equity indices faced continued pressure, with the BSE Sensex and NSE Nifty declining for the third consecutive session. 📊 Key Index Movements ✅ Sensex dropped 271 points (0.34%) to close at 79,810, hitting an intraday low near 79,742. ✅ Nifty fell 74 points (0.30%) to end at 24,427. 🚦 What’s Driving the Downtrend? ⚡ The U.S. imposed a steep 50% tariff on Indian imports starting August 27. ⚡ This move primarily targets labour-intensive exports such as textiles, leather & footwear, and shrimp, raising concerns over export earnings. ⚡ Persistent foreign institutional investor (FII) outflows continue to weigh on market sentiment. 🏭 Sector & Stock Highlights 🔑 Among Sensex stocks, !Mahindra & Mahindra s led losses, down nearly 3%. 🔑

s declined 2.2%, with , , , and also ending lower. 🔑 On the upside, ITC, Bharat Electronics, Trent, and Larsen & Toubro showed resilience and gained ground. 🌐 Corporate Update s Chairman Mukesh Ambani announced at the 48th AGM that Reliance Jio is gearing up for an IPO in H1 2026. He also shared plans for Jio’s global expansion and development of proprietary AI technology, signaling a strategic push into new growth avenues. 🔍 Takeaway While external headwinds like tariffs and FII outflows challenge markets, selective corporate developments and sectoral strengths offer nuanced opportunities. Investors should watch how export-dependent sectors adapt and monitor upcoming corporate moves closely.