Indian benchmark indices Sensex and Nifty are likely to see a negative opening on August 1, tracking cues from GIFT Nifty was trading around 24,718 a short while ago this morning.
Track the latest updates on GIFT Nifty right here on Moneycontrol.
Benchmark indices ended in the red, unable to sustain the mid-day recovery following a weak start, with Nifty 50 closing below the 24,800 level as markets assessed the broader impact of Trump's tariff and penalty.
The last-hour selling came on monthly expiry, dragging the Nifty 50 lower. At close, the Sensex was down 296.28 points or 0.36 percent at 81,185.58, and the Nifty was down 86.70 points or 0.35 percent at 24,768.35. For the month of July, Sensex and Nifty lost nearly 3 percent each.
The BSE Mid and Smallcap indices shed 0.7 percent each, underperforming the main indices.
Here is how financial markets across the globe fared overnight:GIFT Nifty (Down)
The GIFT Nifty is trading lower at around 24,718, indicating a negative start for the day.
Asian Equities (Slip)
Asian stocks fell for a sixth straight session — the longest losing streak this year — as President
Donald Trump announced new tariff rates and as solid earnings from megacap tech firms failed to lift broader market sentiment.
US Equities (Down)
U.S. stocks closed lower on Thursday as early gains faded, following the latest round of corporate earnings and economic data, as investors awaited results from megacaps Amazon and Apple due after the closing bell.
Microsoft shares rose 3.5% after it posted a strong earnings report and briefly surpassed the $4 trillion market cap threshold, becoming only the second publicly traded company to ever touch the milestone after Nvidia.
The Dow Jones Industrial Average fell 330.30 points, or 0.74%, to 44,130.98, the S&P 500 lost 23.51 points, or 0.37%, to 6,339.39 and the Nasdaq Composite lost 7.23 points, or 0.03%, to 21,122.45.
US Bond Yield (Down)
The yield on 10-year Treasuries and 2-year Treasuries were trading marginally lower ay 4.37 percent and 3.95 percent in the early trade on Friday.
Dollar Index (Up)
The dollar headed for its best week in almost three years against its major peers, maintaining momentum on Friday after U.S. President Donald Trump set new tariff rates on dozens of trade partners.
Asian currencies (Down)
Asian currencies were trading lower in the early trade on Friday with with South Korean Won leading the losers followed by Philippines Peso, Indonesian Rupiah, Taiwan Dollar, China Renminbi.
Crude (Flat)
Oil prices were little changed on Friday after falling more than 1% in the previous session as traders digested the impact of new higher U.S. tariffs that may curtail economic activity and lower global fuel demand growth.
Gold (Flat)
Gold held an advance — but remained on track for a weekly loss — as the White House unveiled President Donald Trump’s tariff rates on trading partners that are set to take effect on Friday.
Fund Flow Action
The Foreign institutional investors (FIIs) extended their selling on 9th consecutive session on July 31 as they sold equities worth Rs 5588 crore. On the other hand, Domestic institutional investors (DIIs) extended their buying on 19th day as they purchased equities worth Rs 6372 crore on the same day.
Hope you're all set for today's trade. We wish you a profitable day ahead.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
