August 7, 2025

India’s stock market showed little sign of panic a day after the U.S. announced a 50% tariff on goods from the country and threatened secondary sanctions over its continued oil trade with Russia.

The Sensex, the benchmark index for India’s blue-chip stocks, ended the day around 0.1% higher on Aug. 7.

From bureaucrats to businesses, there’s a broad consensus in India that the latest escalation from the U.S. is only a pressure tactic to fast-track trade talks. However, Indian Prime Minister Narendra Modi now has something he didn’t have, even a day earlier: the support of the Indian opposition to push back. 

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