Nifty, Sensex may see quiet start as investors await RBI policy decision; key levels to track on August 6

Nifty 50, Sensex are likely to open with mild losses in trade.

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26 Aug, 2025 12:21

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Dalal Street will open mildly in the red as U.S. President Donald Trump's tariff threats weigh on the overall sentiment on Wednesday, August 6. The benchmark indices have been drifting lower over the past month amid trade-related concerns and a lacklustre earnings season.

At 7.25 a.m., the GIFT Nifty index was down 0.25 percent or 60 points at 24,681.5.

U.S. President Donald Trump has warned of a “substantial” increase in tariffs on Indian imports within 24 hours, accusing India of taking advantage of the Russia-Ukraine conflict by reselling Russian oil for profit.

Benchmark indices Nifty and Sensex ended the previous session on a weak note as sentiment to a fresh hit after U.S. President Donald Trump warned of a “substantial” hike in duties on Indian exports. This follows last week’s threat of a 25 percent tariff and an unspecified penalty.

Technically, the index is placed at a crucial make-or-break juncture. The 24500 zone has acted as a strong support area since May and also coincides around the 89-day EMA, making it a key level to watch. A decisive breach below this support may open the doors for further downside towards the bullish gap around 24200, which aligns with the 200DSMA.

"On the flip side, for bullish momentum to resume, a breakout above Friday’s high of 24800 is essential. This would need to be followed by a move above the 20 and 50-day EMAs, placed around 24900, to confirm the resumption of the primary uptrend," said Rajesh Bhosale, Equity Technical Analyst, Angel One.

Given the event-driven nature of the today's session, volatility is expected to remain high, and traders should closely monitor these key levels for clarity and trade setup. From a sectoral perspective, rate-sensitive stocks will be in focus on policy day, with Auto remaining our preferred space for outperformance. In addition, the IT sector is showing early signs of recovery, and could offer good trading opportunities at current levels.