That’s a steeper hit than the 15% to 20% range applied on several regional peers.India’s stock benchmark has lagged most major global peers this year amid concerns over a slowdown in its economy and corporate earnings.

Indian stock markets crashed on Thursday after Donald Trump announced a 25% tariff on Indian imports. The Sensex plunged over 600 points, wiping out Rs 5.5 lakh crore in market capitalisation. , Markets,

Analysts on the Street anticipate Trump's latest tariffs to be short-lived and eventually head lower as trade negotiations between New Delhi and Washington continue