The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,594 level, a discount of nearly 40 points from the Nifty futures’ previous close.

Stock Market Alert: Nifty and Sensex opened lower on Thursday, August 7, as the investors reacted to the US President Donald Trump's 50% tariff announcement on Indian imports. Nifty opened 110 points lower at 24,464 points, whereas BSE Sensex was down around 80,263 points during the stock market opening today.

Indian shares fell on Thursday, with the benchmarks slipping to three-month lows, after the U.S. slapped an extra 25% tariff on Indian exports, stoking concerns over the economic impact of heightened trade tensions.