Stock market: Sensex plunges 500 points, Nifty down by 0.6%, oil stocks worst hit

All the sectors opened in red as investors lost ₹5 lakh crore in 15 minutes. The oil stocks were worst hit, with IOCL seeing a dip of 3,12%.

Stock market today: Indian stock markets plunged on Thursday morning, hours after US President Donald Trump announced 25% tariff on imports from India, along with an unspecified penalty.

Indian stock markets plunged sharply on Thursday morning following US tariff announcement.(REUTERS File)

The Sensex fell around 500 points (-0.67%) in the early trade, settling around 80,975. Meanwhile, Nifty 50 lost over 150 points (-0.60%) to settle at 24,704.

All the sectors remained in red in the early trade as investors lost ₹5 lakh crore in 15 minutes, according to The Economic Times.

The oil stocks were worst hit, with IOCL seeing a dip of 3,12 per cent and BPCL falling by 2.42 per cent. Reliance Industries, Tata Motors, Mahindra & Mahindra, Bharti Airtel, Titan and State Bank of India were among the biggest laggards from the Sensex stocks.