Indian Stock Market Overview

The Indian stock market benchmark indices, Sensex and Nifty, are expected to open lower on Tuesday, following mixed global market cues after US President Donald Trump announced steep tariffs on several countries, effective August 1. Asian markets traded mostly higher, while the US stock market ended sharply lower overnight after Trump’s tariff announcement.

Market Analysis

On Monday, the Indian stock market ended flat amid uncertainty over the India-US trade deal. The Sensex rose marginally to close at 83,442.50, while the Nifty settled slightly higher at 25,461.30. Market analysts suggest that the markets remain in a wait-and-watch mode ahead of trade deal updates and the start of the earnings season.

Global Market Cues

Asian markets traded mostly higher after Trump announced steep tariffs on 14 trading partners, including Japan and South Korea. Japanese market indices gained, while South Korea’s KOSPI index rallied. However, Hong Kong's Hang Seng Index futures indicated a weak opening.

Technical Indicators

Gift Nifty was trading around 25,499, indicating a weak start for the Indian stock market indices. On Wall Street, US stock markets ended sharply lower after President Trump announced hefty tariffs on trading partners. Tesla, Nvidia, Apple, and Microsoft stocks all saw declines, while WNS Holdings shares rallied.

Commodity and Currency Markets

Crude oil prices fell, while gold prices steadied after Trump's tariff announcement. The US dollar steadied against a basket of currencies, while other currencies like the Japanese Yen, South Korean Won, Euro, and Sterling saw varied movements.

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