Indian benchmark indices, Sensex and Nifty 50, opened lower following the imposition of a 26% reciprocal tariff on Indian imports by US President Donald Trump. All major sectors declined, except for the pharma sector,

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,171 level, a discount of nearly 267 points from the Nifty futures’ previous close.

Indian benchmark indices, Nifty 50 and Sensex, opened with a gap-down on Thursday, influenced by 26 per cent reciprocal tariffs announced by US President Donald Trump, which dampened investor sentiment.