Stock Market Today LIVE: Sensex, Nifty 50 trade in red as Trump's tariffs weigh; IT index sheds 3%

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Stock Market Today LIVE: The Indian stock market benchmark indices, Sensex and Nifty 50, traded lower on Thursday, following a sharp sell-off in global markets, after the US President Donald Trump announced reciprocal tariffs on over 180 countries. Trump has announced a 26% reciprocal tariff on India — half the rate India imposes on US imports. Moreover, Trump announced a 25% tariff on automobile imports to the country. Sectors like IT and automobiles faced selling pressure in the Indian stock market today. Meanwhile, pharma stocks bucked the trend as the sector was exempt from these tariffs for now.

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