Indian equity indices open lower due to US President Trump’s announcement of new tariffs, with NSE Nifty 50 and BSE Sensex opening at 24,847 and 80,986, respectively. Bank Nifty opens at 54,84,6 and small/midcap stocks also decline, with Nifty Midcap falling 87 points. Trump’s decision to increase tariffs on branded drugs could have a sentimental impact.