Mumbai, Aug. 28 -- The headline equity indices ended with major cuts today, extending losses for the second consecutive trading session after the United States imposed an additional 25% tariff on Indian imports, which came into effect a day earlier. Meanwhile, the expiry of monthly Nifty futures contracts contributed to heightened market volatility. The Nifty settled near the 24,500 level.

Barring the Nifty Consumer Durables index, all the other sectoral indices on the NSE ended in the red.

As per provisional closing data, the barometer index, the S&P BSE Sensex slumped 705.97 points or 0.87% to 80,080.57. The Nifty 50 index tumbled 211.15 points or 0.85% to 24,500.90. In two consecutive trading sessions, the Sensex fell 1.90% and the ...