The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,594 level, a discount of nearly 40 points from the Nifty futures’ previous close.

Stock Market Alert: Nifty and Sensex opened lower on Thursday, August 7, as the investors reacted to the US President Donald Trump's 50% tariff announcement on Indian imports. Nifty opened 110 points lower at 24,464 points, whereas BSE Sensex was down around 80,263 points during the stock market opening today.

At 9:23 am, the BSE Sensex was trading at 80,346.99, down 197 points or 0.24 per cent. The 30-share index had earlier slipped 335 points.