<h1>US Announces 27% Reciprocal Tariffs on India and 60 Other Countries, Impacting Stock Markets</h1> Indian stock markets declined in early trading as the US announced 27% reciprocal tariffs on India and approximately 60 other countries. The Sensex dropped 378.60 points (0.49%) to 76,238.84, while Nifty fell 80.60 points (0.35%) to 23,251.75. IT stocks were major laggards. Asian markets also plunged, with Tokyo's Nikkei falling over 3%. Experts suggest India is better positioned than competitors who face similar increased levies. The tariffs announcement by the US administration aims to reduce trade deficit and boost domestic manufacturing.