Stock market news, Aug. 31 -- The Indian stock markets experienced a decline for the third consecutive session on Friday, as investors awaited positive developments following the US's decision to impose a 50% tariff on Indian products.

By the close of trading today, the Sensex dropped by 270.92 points, which is a 0.34 percent decrease, ending at 79,809.65, while the Nifty 50 closed at 24,426.85, down 4.05 points or 0.30 percent.

Experts suggest that the upcoming week poses a difficult scenario for Indian equities as the markets face considerable challenges stemming from the newly instituted 50% US tariffs on Indian goods, effective August 27.

Foreign institutional investors have switched to net selling, while domestic institutional inv...