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.

Indian benchmark indices Sensex and Nifty50 traded in the red for a third consecutive session on Thursday, as investor sentiment took a hit following the US decision to impose an additional 25% tariff on imports.

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.