Sensex Tanks 800 Points, Nifty Slips Below 24,600 on Tariff Shock

🔻 Markets opened deep in the red, tracking weak cues from Asian peers amid renewed US tariff hikes.
📊 Sensex tanked 796 points (–0.98%) to hit a low of 80,654.
📉 Nifty50 dropped 224 points (–0.91%) to 24,526 — worst single-day fall since May 27.
🏦 Broader markets outperformed:
- Nifty MidCap: +0.08%
- Nifty SmallCap: –0.01%
📉 Sector-wise performance:
- Major drag: IT & Metal sectors
- In the green: FMCG, PSU Banks, Realty
⚖️ Market breadth weak:
- Gainers: 1,336
- Losers: 1,779
- Unchanged: 187 (on BSE)
🌐 Global headwinds & tariff concerns likely to keep markets in a consolidation phase, says VK Vijayakumar, Chief Strategist at Geojit.