Sensex, Nifty dip as Trump's tariff talk shakes markets

Business Jan 13, 2026

The Indian stock market started Tuesday in the red, with Sensex down 185 points and Nifty slipping 0.22%.
This drop follows a brief rally on Monday that had just broken a five-day losing streak.

Why does this matter?

Trump's threat of a 25% tariff on countries trading with Iran has investors worried—especially since it could hit India's exports of rice, tea, and medicines.
While media declined on Monday, pharma stocks didn't keep up.

What's the bigger picture?

Even with today's dip, experts say Nifty looks stable if it stays above 25,500.
Bank Nifty is showing some strength too.
Volatility (India VIX) ticked up slightly but is still pretty low compared to past swings—so things aren't looking wild just yet.