The direct impact of Trump's tariffs on listed market earnings is limited, noted brokerages, although exports to the U.S. will be strongly impacted.
Indian indices traded lower at noon, with broad-based declines across sectors and only media stocks bucking the trend as Trump's tariffs weighed on sentiment.
Laggards on the index included Tata Motors, Kotak Mahindra, Jio Financial Services, Coal India, and Tata Steel.
Foreign Portfolio Investors (FPIs) were net sellers to the tune of Rs 4,999 crore worth of shares in Indian equities, while domestic institutional investors (DIIs) net bought Rs 6,794 crore worth of shares
Top Nifty gainers were Hero MotoCorp, Tech Mahindra, Wipro, Eternal, JSW Steel, while losers included Adani Enterprises, Adani Ports, Trent, Tata Motors and Grasim Industries. BSE Midcap index up 0.3 percent and smallcap index ended on flat note. All the sectoral indices recovered most of the intraday losses with IT, media, pharma rising 0.5-1 percent.
Except PSU Bank (up 0.6 percent), all other sectoral indices ended in the red with Information Technology, Media, Realty, Pharma, FMCG down 1-2 percent.
Markets slipped into the red in afternoon trade as the RBI's policy decision and renewed US tariff threats weighed on investor sentiment.
Asian Paints, Trent, HUL, Adani Ports, and ICICI Bank were the top gainers on the Nifty.
Dalal Street slipped in to the red the August 6 session on a quiet note, as investors digested the Reserve Bank of India's MPC decision.
Experts suggested that given the event-driven nature of the today's session, volatility is expected to remain high, and traders should closely monitor key levels.
Biggest Nifty losers were Wipro, Sun Pharma, Jio Financial, IndusInd Bank, Tech Mahindra, while gainers included Asian Paints, HDFC Life, Trent, Adani Ports and Bharat Electronics.
Infosys, Adani Enterprises, Adani Ports, Reliance Industries, ICICI Bank were among top losers on the Nifty, while gainers were Titan Company, Maruti Suzuki, SBI Life, Trent, IndusInd Bank.
Volatility eased slightly, with India VIX down 1.09 percent at 11.84.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,01,133 per 10 grams today.
Laggards on the Nifty index included Infosys, Asian Paints, Adani Ports, Reliance Industries, and Bharat Electronics.
Laggards on the Nifty included Bharat Electronics, Infosys, Reliance Industries, HDFC Bank, and Tata Consumer Products.
Indian benchmark indices Sensex and Nifty snapped their two-day losing streak and ended on a positive note on August 4.
Among sectors, auto index up 0.4 percent, while bank, IT, oil & gas, FMCG, pharma down 0.5 percent each. BSE Midcap and smallcap indices ended with marginal losses. Infosys, Adani Enterprises, Adani Ports, Reliance Industries, ICICI Bank were among top losers on the NSE, while gainers were Titan Company, Maruti Suzuki, SBI Life, Trent, IndusInd Bank.
All the other sectoral indices ended in the green with PSU Bank, pharma, realty, IT, metal, telecom, media, consumer durables, auto up 0.5-2.5 percent.
Indian equities bounced back smartly after two days of losses, with the Nifty closing above 24,700. Cooling US jobs data revived rate-cut hopes, lifting sentiment across sectors. Analysts say tariff negotiation outcomes will steer the next leg of market direction.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 99,999 per 10 grams today.
Indian equities rebounded on August 4, snapping a two-day losing streak, led by gains in auto and metal stocks. The broader market saw renewed buying interest amid global cues pointing to a potential US rate cut
Investors will closely watch the upcoming RBI rate decision this week, along with any updates on trade talks with the US and the ongoing earnings season.
Benchmark equity indices Nifty 50 and Sensex may open the trading week with some gains, as indicated by the GIFT Nifty index.
Biggest Nifty gainers Hero MotoCorp, Tata Steel, Bharat Electronics, Adani Ports, JSW Steel, while losers were Power Grid Corp, HDFC Bank, ONGC, ICICI Bank, Apollo Hospitals. All the other sectoral indices ended in the green with PSU Bank, pharma, realty, IT, metal, telecom, media, consumer durables, auto up 0.5-2.5 percent. The BSE midcap index rose 1 percent and smallcap index added 0.7 percent.