&w=3840&q=100)
Stock Market LIVE: GIFT Nifty down, Asia mixed; Trump imposes additional 25% tariffs on Indian goods
Stock Market LIVE on Thursday, August 7, 2025: Indian benchmark equity indices are likely to have a negative start on Thursday, in the wake of the news that US President Donald Trump has announced the imposition of an additional 25 per cent tariff on Indian exports to the US, citing New Delhi's continued purchases of Russian crude oil.
This move brings the total tariff burden to 50 per cent, putting India at a significant disadvantage compared to global competitors, including China, on nearly all merchandise exports to the US. India, in response, condemned the tariff increase, describing the US decision as "unfair, unjustified, and unreasonable."
Global cues
Markets in the Asia-Pacific region traded mixed after Trump vowed to impose a 100 per cent tariff on semiconductor and chip imports, though companies manufacturing within the US would be exempt. Japan's Nikkei 225 and Australia's S&P/ASX 200 were flat, while South Korea's Kospi index dropped by 0.12 per cent.
Overnight in the US, Wall Street's major indices closed higher, boosted by strong corporate earnings, with US yields also rising. The tech-heavy Nasdaq Composite surged by 1.21 per cent, the broader S&P 500 added 0.73 per cent, and the Dow Jones Industrial Average gained 0.18 per cent. ALSO READ | Stocks to Watch today, Aug 7: Bajaj Auto, Hero MotoCorp, Trent, BHEL, Ircon
Q1 results
The markets will react to Q1 earnings from key companies including, Hero MotoCorp, Bajaj Auto, Bharat Forge, Divis Lab,Trent, BHEL, PVR Inox, Raymond, RITES, Jindal Stainless, Bayer CropScience, Blue Star, Cera Sanitaryware, Datamatics Global, EID Parry India, Electrosteel Castings, Fortis Healthcare, GNFC among others.
Several firms are also scheduled to report their results today, including Birlasoft, Data Patterns (India), Edelweiss Financial Services, Emcure Pharmaceuticals, Indigo Paints, General Insurance Corporation of India, CE Info Systems, Global HealthTitan Company, LIC, HPCL, Godrej Consumer Products, Kalyan Jewellers India, Bajaj Electricals, Biocon, Cummins India, Metropolis Healthcare, National Aluminium Company, Kalpataru Projects International, Aegis Logistics, and Apollo Tyres, Medi Assist Healthcare Services, Page Industries, Ramco Industries, Shree Renuka Sugars, and Sai Life Sciences, among others.
FII, DII activity
In the institutional activity segment, foreign institutional investors (FIIs) net sold shares worth ₹4,196.77 crore. Meanwhile, domestic institutional investors (DIIs) net bought shares worth ₹5,954.61 crore on August 6.
IPO today
In the mainline segment, the JSW Cement IPO and All Time Plastics IPO will open for public subscription, while the Highway Infrastructure IPO will close for subscription today.
In the SME segment, the Sawaliya Foods Products IPO and Connplex Cinemas IPO will open for subscription. Additionally, the basis of allotment for the Bhadora Industries IPO, Parth Electricals & Engineering IPO, Jyoti Global Plast IPO, Aaradhya Disposal Industries IPO, Essex Marine IPO, and BLT Logistics IPO is likely to be finalised today.
Commodity corner
Oil prices edged higher on Thursday. Brent crude was trading up 0.91 per cent at $67.50 per barrel, while US West Texas Intermediate (WTI) crude was trading with gains of 0.93 per cent at $64.95 per barrel.
8:21 AM
Stock Market LIVE Updates: Stocks to Watch today: Bajaj Auto, Hero MotoCorp, Trent, BHEL, Ircon
8:19 AM
8:16 AM
Stock Market LIVE Updates: Here's why Wipro and 2 other stocks are on analyst radar today; details
8:12 AM
Stock Market LIVE Updates: Asian markets trade mixed
Stock Market LIVE Updates: Markets in the Asia-Pacific region traded mixed after Trump vowed to impose a 100 per cent tariff on semiconductor and chip imports, though companies manufacturing within the US would be exempt. Japan's Nikkei 225, and Australia's S&P/ASX 200 were flat, while South Korea's Kospi index dropped by 0.12 per cent.
8:08 AM
Stock Market LIVE Updates: Wall Street ends higher
Stock Market LIVE Updates: Overnight in the US, Wall Street's major indices closed higher, boosted by strong corporate earnings, with US yields also rising. The tech-heavy Nasdaq Composite surged by 1.21 per cent, the broader S&P 500 added 0.73 per cent, and the Dow Jones Industrial Average gained 0.18 per cent.
Connect with us on WhatsApp
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
11 minutes ago
- New Indian Express
India's refurbished laptop market sees strong growth: Know the top-selling used models
NEW DELHI: The refurbished or second-hand laptop market in India is seeing a significant rise, driven by the demand for affordable technology and the convenience it offers consumers. A recent report by Cashify, an Indian e-commerce platform that deals in used and refurbished electronics, shows that the average resale value of a laptop in India is about Rs 14,499, while the average selling price (ASP) for a refurbished laptop stands at Rs 17,661. Windows-based laptops dominate the market, making up 64% of the resale supply and 63% of refurbished sales. However, Apple laptops also show strong demand, accounting for 36% of the supply and 37% of the sales, especially due to their premium quality and performance. 'For students, job-seekers, and creators, refurbished laptops offer affordable, reliable access to tech. While consumer adoption is starting to see a shift, we believe refurbished devices can also help startups and small businesses scale cost-effectively. It's not just about saving money; it's about building smarter, more sustainable systems. At Cashify, we're enabling this shift, making quality tech more accessible, without the cost to your wallet or the planet,' said Mandeep Manocha, co-founder and CEO of Cashify. Top 5 Refurbished Laptop Models in Demand Among the most in-demand refurbished models are the MacBook Air from 2017 and 2020, along with popular Windows-based laptops like the HP 15 Series and the HP Pavilion Series. The laptops that retain the highest resale value are typically high-end models such as the MacBook Pro 2023, MacBook Air M3 2024, and the Lenovo Yoga Slim 6i Series, indicating that premium devices tend to depreciate more slowly. Fastest-selling refurbished laptops include the MacBook Pro A1706 and the 2017 13-inch MacBook Pro, as well as business-grade Windows models like the Lenovo ThinkPad E480 and HP EliteBook 830 G6, showing a strong preference among users for both performance and reliability.
United News of India
11 minutes ago
- United News of India
Trump takes jab at Biden, says his administration prevented Russia-Ukraine war from becoming a WWIII
Washington, Aug 9 (UNI) Taking a jab at his predecessor Joe Biden, US President Donald Trump said that the Russia-Ukraine war could have escalated into a third world war, were it for his administration. He further argued that global tensions peaked when relations between Moscow and Washington hit their lowest point during the Biden administration, reports RT. Since his return to office, Trump has resumed diplomatic ties with Moscow which had been virtually suspended in 2022 during the Biden administration, and has indeed made calls with both Putin and Zelensky to come to a settlement. However, while he shares good ties with the Russian President, his efforts have not yielded much success while his policies have been a lot more anti-Kremlin, weaponising trade in an attempt to get Moscow to stop its attack on Kyiv, targeting both Moscow as well as Russia affiliated nations. Speaking to journalists at the White House on Friday, Trump claimed that, if not for his administration's actions, the Ukraine conflict 'would have ended up being a world war." 'We've brought it down a long way, but when I first came in, I thought, 'Wow, this thing is really bad,'' Trump added. 'Now the only question is: when is it going to be settled? And it could be very soon,' he said. The president again termed the ongoing war 'Biden's war' and criticised what he described as the previous administration's vast military support for Kyiv. 'Through Biden and his people, we're probably in for $350 billion,' he said. Trump has claimed that he aims to recover this sum through a rare earth minerals deal with Ukraine, which he states could refill the US coffers. However, many analysts have called the move a folly, as majority of the minerals lie in areas such as Donetsk and Luhansk – both of which have become a part of Russia. While Washington has echoed Moscow's position on the conflict – terming it as a proxy war against Russia – the Trump administration has continued with its weapons exports to Ukraine, supplying the country with both Patriot missile batteries, as well as Multiple Launch Rocket Systems, artillery systems, and anti-tank munitions. Kremlin officials have stated that securing a peaceful resolution will be the central focus of the bilateral meeting between Trump and Putin. UNI XC ANV GNK
The Hindu
11 minutes ago
- The Hindu
Shyam Sankar: Disruptor-in-chief
In Silicon Valley, where startups often burn bright and vanish fast, Palantir Technologies has defied the odds. Over the past year, the software company's stock has soared more than 600%, making it the best-performing AI name in the S&P 500 and one of the decade's biggest tech-success stories. On August 9, shares closed a record $186.96, pushing the company's market cap north of $443 billion. At the centre of this rise is Shyam Sankar, Palantir's Mumbai-born Chief Technology Officer. On July 25, his net worth crossed $1.3 billion as the company's stock soared. Raised in Orlando, Mr. Sankar earned a BS in electrical and computer engineering from Cornell University and an MS in management science and engineering from Stanford University. Known as a 'slayer of bureaucracy', he has spent over two decades building disruptive software and AI solutions for government and private clients. Mr. Sankar first learned about Palantir when a friend mentioned a small, stealthy, yet exciting software start-up looking for its first business hire in a largely technical role. The friend introduced him to one of the founders, and after seeing version 0.7 of the app, meeting a team of 'brilliant' people, and hearing about the company's mission, Mr. Sankar knew exactly where he wanted to be. Founded in 2003 by Peter Thiel — a crucial backer of Donald Trump's first presidential campaign — along with Alex Karp, Joe Lonsdale, and Stephen Cohen, the Silicon Valley unicorn was initially funded by In-Q-Tel, the CIA's venture capital arm. It built its early reputation serving the U.S. government, particularly national security agencies, with a founding vision of harnessing man–machine symbiosis to help American and allied intelligence communities share data securely and prevent another 9/11 without compromising civil liberties. Since joining Palantir in 2006 as its 13th employee, Mr. Sankar has pioneered the 'forward deployed engineer' model — embedding engineers directly with clients to tackle urgent, real-world challenges in real time. This approach was key to the success of Palantir's business model. Now headquartered in Denver, Palantir's platforms include Gotham, Foundry, and its Artificial Intelligence Platform (AIP). Its name, drawn from J.R.R. Tolkien's Lord of the Rings, refers to 'seeing stones' that reveal hidden truths. Inside the company, the unofficial motto — 'Save the Shire' — reflects its mission in plain terms: protect America from threats. Palantir's technology centralises and analyses large and disparate datasets, with applications ranging from tracking enemy drones for soldiers to monitoring ship parts for sailors, to assisting health officials in processing drug approvals. In 2020, it went public via a direct listing on the New York Stock Exchange. When the company's profile and operations expanded, so did Mr. Sankar's role. Leadership role In January 2023, he was made the CTO and executive vice-president. 'Under his leadership, Palantir transformed from a Silicon Valley start-up to a global, industry leading software and AI company,' reads Mr. Sankar's profile on his Substack page. Today, Palantir counts more than 30 U.S. federal agencies and a group of Fortune 500 companies as clients. In the second quarter of 2025, it posted $1 billion in revenue — up 48% from a year earlier — beating Wall Street forecasts. In the first half of 2025, it pulled in more than $322 million from federal contracts, a 12% increase from two years earlier. The U.S. Army, once an adversary in a contracting dispute, has become one of its biggest customers. In June, Mr. Sankar himself was commissioned into the Army Reserve, a symbolic move that underscored Palantir's alignment with military priorities. Some Pentagon officials have voiced concern about over-reliance on a single contractor for core data-processing needs. Palantir's reputation as a rapid-response problem solver was cemented during crises. At the height of the COVID-19 pandemic, it built systems to track the virus and vaccine distribution. After Russia's invasion of Ukraine, Palantir's technology got integrated into multiple Ukrainian government and military agencies. Similarly, days after the Hamas-led attack on Israel in October 2023, Mr. Karp — who is Jewish — flew with senior executives to Tel Aviv. Following a January 10 meeting with Israel's Defence Ministry officials, Palantir entered a strategic partnership with Israel to provide technology to aid its war efforts. The move drew criticism from pro-Palestinian activists in the U.S. At home, Palantir drew flak for a government contract to build an app that integrates data from across the government to assist with immigration enforcement. With debates still simmering, Palantir is looking beyond U.S. borders. It is pursuing lucrative contracts in Saudi Arabia, from overhauling the country's healthcare system to helping build Neom, a futuristic megacity in the desert that has collided with practical and financial challenges. But for Mr. Sankar and Mr. Karp, controversies are part of Palantir's DNA. Regarding working with different government agencies on data processing and other projects, Mr. Sankar once said, it's like 'shining a light on the battle space'. 'The things that you couldn't see before, you could see now...'
