Mumbai, Aug. 1 -- The key equity benchmarks ended with substantial losses during the week, weighed down by concerns over the India-U.S. trade relationship after U.S. President Donald Trump announced a 25% tariff on Indian goods, effective August 1 along with an additional, unspecified penalty reportedly linked to India's procurement from Russia.

Market mood remained cautious, as investors closely tracked the ongoing earnings season and awaited further developments on the trade front. Domestic economic data took a back seat, with geopolitical tensions dominating investor focus.

In the week ended on Friday, 1 August 2025, the S&P BSE Sensex declined 863.18 points or 1.06% to settle at 80,599.91. The Nifty 50 index fell 271.65 points or 1....