Sensex declines 530.42 points in early trade; Nifty drops 128.90 points

The Nifty 50 fell 0.6 per cent to 24,818.8 points and the BSE Sensex lost 0.61 per cent to 81,135.1 as of 9:22 am IST.

India's equity benchmarks opened lower on Tuesday as investors remained concerned about US tariffs, with the additional 25 per cent duties on Indian goods scheduled to take effect on Wednesday.

The Nifty 50 fell 0.6 per cent to 24,818.8 points and the BSE Sensex lost 0.61 per cent to 81,135.1 as of 9:22 am.

Fifteen of the 16 major sectors traded lower. The broader mid-caps and small-caps declined about 1 per cent each.

US President Donald Trump had announced 25% punitive tariff on Indian goods over New Delhi's purchase of Russian oil amid the war in Ukraine, adding to the 25 per cent duties already in effect.

The US Department of Homeland Security outlined the procedure to implement the additional tariff on Indian goods in a notification on Monday.