The market’s muted response to Trump’s tariff salvo is telling. While the headlines scream trade war, investors seem to be betting that the real action is back home — in domestic growth, earnings, and capital flows. Even the risks, as big as they may appear, pack more drama than damage.
The last-hour selling came on monthly expiry, dragging the Nifty 50 lower. For the month of July, Sensex and Nifty lost nearly 3 percent each.
Gold rate today: Yellow metal's August contracts on MCX opened at Rs 98,106 per 10 grams today.
The benchmark indices Nifty 50 and Sensex saw a choppy session on trade on July, as investors measured the tariffs imposed by U.S. President Donald Trump.
Dalal Street recovered from early losses as investors bet on ongoing U.S.-India trade talks easing tariff fears, with FMCG stocks leading gain.
The broader markets witnessed steeper cuts of 1 percent each in today's session.
HUL, Jio Financial, Eternal, JSW Steel, ITC were among major gainers on the Nifty, while losers included Adani Enterprises, Dr Reddy's Labs, Adani Ports, Tata Steel, Sun Pharma. BSE Midcap and smallcap indices shed 0.7 percent each. Among sectors, FMCG rose 1.4 percent, while IT, metal, oil & gas, PSU Bank, pharma, realty, telecom declined 0.5-1.8 percent.
US imposes 25 per cent tariffs and penalties on India, rattling economic ties and the rupee’s fragile stability
Indian markets are expected to tumble on July 31 after U.S. President Trump imposed 25 percent tariffs and penalties on Indian exports.
Around 140 stocks touched their 52-week highs on the BSE, including Sumitomo Chemical India, Hitachi Energy, Schneider Infra, Maharashtra Scooters, EID Parry, Nuvoco Vistas, Navin Fluorine, HDFC AMC, Piramal Enterprises, Bosch, HDFC Bank, Anand Rathi, Shyam Metalics, Torrent Pharma, Laurus Labs, among others.
The India VIX slipped 1.82 percent to 11.32, indicating low volatility and reducing signs of any panic selling.
The broader market remained muted, with the smallcap index edging up 0.2 percent, while the midcap index opened slightly in the red.
Dalal Street bounced back on Tuesday, July 29, as broad-based buying lifted all sectors into the green.
On the sectoral front, media, auto, PSU Bank, realty down 0.5 percent each, while buying is seen in the IT, FMCG, consumer durables, capital goods names. L&T, Tata Consumer, NTPC, Sun Pharma, Maruti Suzuki were among major gainers on the Nifty, while losers were Tata Motors, Hero MotoCorp, Power Grid Corp, Bajaj Auto and Eternal. BSE Midcap and smallcap indices ended with marginal gains.
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 97,627 per 10 grams today.
More than 110 stocks touched their 52-week highs on the BSE, including Bosch, Torrent Pharma, Shyam Metalics, EID Parry, Laurus Labs, HDFC AMC, among others.
After a choppy start to the July 29 session, Dalal Street staged a smart recovery in trade to effectively snap a three-day losing streak.
The broader markets showed mixed cues, with the Nifty Midcap 100 inching up 0.04 percent, while the Nifty Smallcap 100 declined 0.32 percent.
Bears took charge on July 25, dragging the Nifty 50 and Sensex sharply lower, with financial stocks leading the selloff. Barring pharma and healthcare, all sectoral indices ended deep in the red.
Biggest Nifty gainers included Jio Financial, Reliance Industries, L&T, Asian Paints, Eicher Motors, while losers were SBI Life Insurance, TCS, Axis Bank, HDFC Life, Titan. All the sectoral indices ended in the green with Realty, Pharma, Oil & Gas up 1 percent each. The BSE midcap index rose 0.8 percent and smallcap index added 1 percent.
Except pharma, all other sectoral indices ended in the red with realty index plunged 4 percent, media index shed nearly 3 percent, capital goods, metal, telecom, PSU bank, private bank indices declined 1-1.5 percent.
Lacklustre earnings and persistent FII selling has contributed to the weakness in Dalal Street, as Nifty 50 and Sensex sink to one-month lows.
The broader market mirrored the trend, as the Nifty Midcap 100 and Smallcap 100 dipped 0.13 percent and 0.34 percent, respectively.
India VIX, also known as the barometer to assess market anxiety, rose almost 5 percent to inch towards level 12.
On Friday, bears took firm control of Dalal Street, dragging the Nifty 50 and Sensex deep into the red.
