Latest news with #GiftNifty
Business Recorder
2 hours ago
- Business
- Business Recorder
Indian stocks set to open lower after Trump threatens 25% tariff, penalty
Indian shares are set to open lower on Thursday after U.S. President Donald Trump threatened a 25% tariff on goods imported from the country starting August 1 and an unspecified penalty. The 25% figure would single out India more severely than other major trading partners, and threaten to unravel months of talks between the two countries. After announcing the tariffs, Trump said the U.S. is still negotiating with India on trade. The Gift Nifty futures were trading at 24,685 points as of 7:58 a.m. IST, indicating that the Nifty 50 will open about 0.7% lower than its previous close of 24,855.05. 'Despite the unpredictable policy making of the U.S., the market was expecting a tariff deal to work out as longer-term U.S.-India strategic interests are aligned,' said Nilesh Shah, managing director of Kotak Mahindra AMC. Analysts expect sectors such as textiles, pharmaceuticals, and automotive components, which are key Indian exports to the U.S., to be impacted the most by higher tariffs. Along with the 25% tariffs, Trump said U.S. will also impose a penalty on India partly due to trade issues and partly because of India's involvement in the BRICS group of developing nations, which he described as hostile to the U.S. While the 25% tariff is slightly higher than the 15% to 20% that the market was anticipating, what requires close monitoring is the structure of the additional penalty, said Feroze Azeez, joint CEO of Anand Rathi Wealth. Foreign portfolio investors have been sellers in India in thirteen of the last 14 sessions, partly driven by uncertainty over the U.S.-India trade negotiations. Meanwhile, the U.S. Federal Reserve left interest rates unchanged on Wednesday as widely expected, but Chair Jerome Powell dampened expectations for an interest rate cut in September.
Mint
2 hours ago
- Business
- Mint
Stock Market Today LIVE Updates: Gift Nifty signals gap-down start for Nifty 50, Sensex after Trump tariffs on India
Stock Market Today LIVE Updates: The Indian stock market is expected to open sharply lower on Thursday, 31 July 2025, after the US President Donald Trump announced a 25% tariff on Indian goods. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark indices, Sensex and Nifty 50. The Gift Nifty was trading around 24,685 level, a discount of nearly 184 points from the Nifty futures' previous close. The US tariffs on Indian goods will be effective from August 1. Trump also announced an additional 'penalty' for India's continued energy and defense ties with Russia. Trump's tariffs are likely to negatively impact several sectors of the Indian economy, including textile, auto components, leather goods, gems and jewellery, and certain food exports. Meanwhile, global market cues remained mixed as Asian markets traded mixed and the US stock market ended mostly lower after the US Federal Reserve policy. The US Fed kept the interest rates unchanged in the 4.25% to 4.5% range for the fifth consecutive time and Chair Jerome Powell's comments undercut confidence that borrowing costs would begin to fall in September. Investors will also focus on the Q1 results today. Stay tuned to our Stock Market Live Blog for the latest updates. Follow updates here: 31 Jul 2025, 08:41 AM IST Stock Market Today LIVE: Gift Nifty was trading around 24,682 level, a discount of nearly 187 points from the Nifty futures' previous close, indicating a gap-down start for the Indian stock market indices. 31 Jul 2025, 08:39 AM IST Stock Market Today LIVE: The Indian stock market is expected to open sharply lower on Thursday, 31 July 2025, after the US President Donald Trump announced a 25% tariff on Indian goods. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark indices, Sensex and Nifty 50.
Mint
3 hours ago
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy despite Trump's tariff fear
The domestic benchmark indices of the Indian stock market, Sensex and Nifty 50, are anticipated to have a lower opening on Thursday following the imposition of a 25% tariff on Indian products by US President Donald Trump. The indications from Gift Nifty suggest a gap-down opening for the Indian benchmark index. Gift Nifty was observed trading at approximately 24,673, which is around 196 points below the previous close of Nifty futures. On Wednesday, the Indian stock market closed on a positive note, with the Nifty 50 finishing above the 24,800 mark. The Sensex saw an increase of 143.91 points, or 0.18%, closing at 81,481.86, while the Nifty 50 rose by 33.95 points, or 0.14%, to settle at 24,855.05. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is cautious as the Nifty 50 index is facing hurdle at 24,900. After announcement of Trump's tariffs, the mood is expected to remain cautious. If the Nifty 50 sustains above its 24,500 then we can expect some relief, else there can be some panic selling if the key benchmark index slips below 24,500. Buy Marathon Nextgen Realty Ltd in cash at ₹ 726.4; Stop Loss at ₹ 700; Target price at ₹ 780. Buy Madhya Bharat Agro products Ltd in cash at ₹ 457.2; Stop Loss at ₹ 440; Target price at ₹ 490. Buy Jubilant Pharmova Ltd in cash at ₹ 1,236.3; Stop Loss at ₹ 1,195; Target price at ₹ 1,335. Buy Pearl Global Industries Ltd in cash at ₹ 1,638.9; Stop Loss at ₹ 1,580; Target price at ₹ 1,755. Buy GMM Pfaudler Ltd in cash at ₹ 1,356; Stop Loss at ₹ 1,305; Target price at ₹ 1,450. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
3 hours ago
- Business
- Mint
Nifty 50, Sensex today: What to expect from Indian stock market in trade on July 31 after Trump tariffs, US Fed policy
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Thursday after the US President Donald Trump slapped 25% tariffs on Indian goods. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 24,673 level, a discount of nearly 196 points from the Nifty futures' previous close. On Wednesday, the Indian stock market ended higher, with the Nifty 50 closing above 24,800 level. The Sensex rallied 143.91 points, or 0.18%, to close at 81,481.86, while the Nifty 50 settled 33.95 points, or 0.14%, higher at 24,855.05. Here's what to expect from Sensex, Nifty 50 and Bank Nifty today: Sensex formed a small candle on the daily charts and the narrow range activity on intraday charts, indicating indecisiveness between bulls and bears. 'The next hurdle for Sensex lies in the 82,000 – 82,200 range, where it has faced selling earlier. On the downside, support is seen near 80,800 – 80,600. If this zone breaks, it could trigger fresh selling. A decisive breakout above the resistance range could trigger renewed buying interest and signal a resumption of upward momentum. Conversely, a breakdown below the support zone may open the door to further declines,' said Mayank Jain, Market Analyst, On the Nifty options front, the highest Call open interest is at the 25,000 and 25,200 strikes, suggesting overhead resistance zones, while the highest Put open interest is at the 24,800 strike, indicating a strong support base. Overall, the technical and derivative setup hints at a potential upside continuation, provided key support levels are held, said Mandar Bhojane, Senior Technical & Derivative Analyst - Research at Choice Equity Broking. Nifty 50 shifted into a narrow range movement with positive bias on July 30 and closed the day higher by 33 points. 'The Bullish Engulfing pattern that formed on Tuesday is still intact. Hence, the formation of a small candle pattern of Wednesday could be considered as a range bound action below the immediate hurdle of 24,900 - 25,000, as per change in polarity. After the present range bound action, the market is expected to break above the said resistance in the coming sessions,' said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. According to him, the underlying trend of Nifty 50 remains positive, and a sustainable upmove above the hurdle of 24,900 - 25,000 levels is likely to pull the market towards the next important resistance area of 25,250 levels in the near term. Immediate support is placed at 24,750. Motilal Oswal noted that the Nifty 50 formed a small bodied bearish candle with longer lower shadow on daily frame indicating support based buying and a cushion base. 'Now, Nifty 50 has to hold above 24,750 zones, for an up move towards 25,000 then 25,100 zones, while support can be seen at 24,700 then 24,600 zones,' said the brokerage firm. Mayank Jain believes that the immediate resistance for Nifty 50 is seen near 25,000 – 25,050, and a stronger barrier stands at 25,200, where the index has faced repeated selling. Near-term support is expected around 24,650 – 24,600, and a break below this zone may lead to further downside. VLA Ambala, Co-Founder of Stock Market Today said that the Nifty 50 index tested the 50-day EMA, forming a bullish pin bar candlestick pattern on the daily timeframe. 'We can expect Nifty 50 to find support between 24,730 and 24,800 and meet resistance near 25,030 and 25,200 in today's session,' Ambala said. Bank Nifty ended 71.30 points, 0.13%, lower at 56,150.70 on Wednesday, forming a bearish candle with the open and high remaining marginally similar, and continues to hover below key short-term averages, reflecting subdued momentum ahead of the monthly expiry. 'The support zone of 55,800 – 55,700 will be crucial to watch for Bank Nifty. Holding above this band is essential to maintain the current short-term positive bias. On the flip side, the resistance zone of 56,400 – 56,500 is expected to pose a significant challenge. A decisive and sustainable breakout above the 56,500 level could pave the way for an extended pullback rally with immediate upside targets at 56,900, followed by 57,500 in the near term,' said Sudeep Shah, Head - Technical and Derivatives Research, SBI Securities. Om Mehra, Technical Research Analyst, SAMCO Securities highlighted that the Bank Nifty index remains below the violated rising trendline that had previously offered multi-week support. The RSI has slipped to 44, while the MACD shows a widening bearish crossover, reaffirming the weakening setup. 'On the hourly chart, super trend resistance remains near 56,500. The intraday recovery failed to gain strength and was capped near the mid-Bollinger band. The immediate support lies at 55,800, followed by a crucial downside marker at 55,600. If this zone breaks, the index may decline further. On the upside, resistance stands at 56,500 – 56,600. A close above this range is crucial to negate the short-term bearish outlook,' Mehra said. According to him, until Bank Nifty decisively reclaims its short-term moving averages and the rising trendline on the daily chart, the trend may remain slightly weaker. With volatility continuing to rise, a cautious approach remains appropriate as we prepare for potential large swings in the coming session. Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates Ltd. said that the Bank Nifty index formed a small red candle on the daily chart, indicating selling pressure at higher levels. 'However, on the downside, a strong base has been established near 55,840, while on the upside, the 34-DEMA hurdle is placed around 56,490. Thus, traders are advised to buy near support and sell near resistance in the short term,' Yedve said. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
15 hours ago
- Business
- Time of India
Trump's 25% tariff rattles Nifty futures. How bad is the news for Indian stock market?
In a move that has jolted investors and policymakers alike, US President Donald Trump has announced a sweeping 25% tariff on Indian imports. The new tariffs, which will come into force this Friday, have the potential to rattle Indian equity markets. The Gift Nifty plunged nearly 170 points after the announcement. Trump accused India of maintaining some of the "most strenuous and obnoxious non-monetary trade barriers" and of running a "massive" trade surplus with the US. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity CXO MBA Finance Data Analytics Project Management Technology Artificial Intelligence Product Management Operations Management Digital Marketing Degree MCA Public Policy Data Science Leadership healthcare Healthcare Others others Design Thinking Management PGDM Data Science Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details The decision has sent the rupee tumbling, posting its steepest one-day drop since May and hit a five-month low on Wednesday. What US tariff means for Indian markets Nilesh Shah, MD at Kotak Mahindra AMC, called the tariff move a clear negative for the markets. 'Despite unpredictable US policy moves, markets were expecting a tariff deal to eventually work out because long-term US-India strategic interests are aligned,' he said. He hopes that cooler heads will prevail and that a 'TACO' (Trade Agreement on Competitive Offerings) deal could still materialize if both sides reassess their red lines. However, Shah also issued a cautionary note, urging India to take this moment to accelerate internal reforms that enhance competitiveness. "Our biggest deterrence continues to be our GDP size and productivity. China is defying US pressure because of scale and competitiveness. India must learn from that." India and the US had opened wide-ranging trade talks earlier this year, with hopes that a deal could be signed by mid-2025. However, disagreements over market access, especially in agriculture and dairy, stalled negotiations. Trump has often used tariffs as a blunt instrument to force compliance -- a playbook he appears to be returning to with renewed fervor. Should he tighten the screws further, India may be forced to recalibrate its trade strategy not only with the US, but globally. According to Garima Kapoor, EVP at Elara Capital, the new tariff puts India at a disadvantage against export competitors like Vietnam, Indonesia and the Philippines, which continue to enjoy lower tariff rates into the US market. If pharmaceuticals are included in the tariff ambit, the damage could be significant. The US accounts for over 30% of India's pharma exports, making it a key pillar of India's outward trade. The lack of clarity on whether pharma and high-value goods like auto components and steel will be taxed uniformly is adding to the market's unease. Kapoor warns that if a trade deal is not reached by September or October, India's full-year GDP growth could see a downward revision of at least 20 basis points. However, she notes that the delay might be a blessing in disguise. 'A hotchpotch deal that gave away too much on agriculture and dairy could have had far-reaching political and social costs. A well-negotiated deal, even if delayed, is preferable,' she said. "The tariff (and penalty) now proposed by the US is higher than what we had anticipated, and is therefore likely to pose a headwind to India's GDP growth. The extent of the downside will depend on the size of the penalties imposed," said Aditi Nayar, Chief Economist, ICRA said. All in all, experts say the market will have to live with volatility and the hope that this pressure leads to a deal.
