India, Aug. 28 -- Indian stock market opened lower on Thursday, August 28, owing to the additional 25 per cent tariffs on India by the Donald Trump-led US administration that took effect on Wednesday, when the stock market was closed on account of Ganesh Chaturthi.

Sensex dropped 508.16 points to 80,278.38 in early trade, while Nifty fell 157.35 points to 24,554.70 in early trade, according to figures mentioned in a PTI news agency report.

Gift Nifty futures were trading at 24,665.5 points as of 7:31 am on Thursday, signalling that the Nifty 50 will open below Tuesday's close of 24,712.05.

On Tuesday, August 27, Nifty and Sensex both fell about one per cent, their sharpest single-day percentage drop in three months, according to figure...