<h1>Trump's 27% Tariff on Indian Goods Pushes Stock Markets Down as IT Sector Leads Losses</h1> Indian stock markets declined as US President Trump imposed reciprocal tariffs on about 60 countries, including a 27% tariff on Indian goods. The Sensex fell 322 points to close at 76,295.36, while Nifty dropped 82 points to 23,250.10. IT shares led losses with major companies falling 3-4%. Despite initial sharp declines, markets recovered some losses as pharmaceutical stocks advanced due to tariff exemptions. Analysts noted that while the tariffs present short-term challenges for sectors like automobiles and textiles, India's economic resilience and potential bilateral agreements may mitigate overall impact.