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Markets trade under pressure amid concerns over U.S. tariffs
Aug-01-2025

Indian equity benchmarks made a negative start on Friday amid weak global cues as US tariff imposition kept market investors worried. Domestic indices are trading in red in early deals amid sustained foreign fund outflows. According to exchange data, on Thursday, the foreign institutional investors (FIIs) sold shares worth Rs 5,588.91 crore. Traders took note of the Controller General of Accounts (CGA) data, which showed that the Centre's fiscal deficit stood at 17.9 per cent of the full-year target at the end of June. It was at 8.4 per cent of Budget Estimates (BE) of 2024-25 in the first three months of the previous financial year.

On the global front, Asian markets are trading mostly lower as uncertainty over US reciprocal tariffs still lingers with less than a day remaining for the crucial deadline for negotiations to reach a trade deal expires. US President Donald Trump's revised tariffs on several countries lacking deals are set to be fixed between 10 and 41 percent, raising fears of supply chain disruptions and slower global growth.

Back home, on the sectoral front, sugar stocks are in focus as Indian Sugar and Bio-energy Manufacturers Association (ISMA) said that India's sugar production is expected to rise 18 per cent to 34.90 million tonnes in the 2025-26 season starting in October, with a scope for exports of 2 million tonnes. 

The BSE Sensex is currently trading at 81007.56, down by 178.02 points or 0.22% after trading in a range of 80892.69 and 81119.21. There were 9 stocks advancing against 21 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.44%, while Small cap index was down by 0.12%.

The few gaining sectoral indices on the BSE were FMCG up by 1.32% and Consumer Durables up by 0.27%, Capital Goods up by 0.21%, while Healthcare down by 1.32%, Metal down by 0.99%, Oil & Gas down by 0.98%, Telecom down by 0.82% and Auto down by 0.81% were the top losing indices on BSE.

The top gainers on the Sensex were Hindustan Unilever up by 3.30%, Asian Paints up by 2.19%, ITC up by 1.02%, Kotak Mahindra Bank up by 0.75% and Bajaj Finserv up by 0.54%. On the flip side, Sun Pharma down by 3.55%, Mahindra & Mahindra down by 2.23%, Tata Steel down by 1.77%, Tata Motors down by 1.75% and Power Grid down by 1.39% were the top losers.

Meanwhile, with US President Donald Trump terming India and Russia as ‘dead economies’, Commerce and Industry Minister Piyush Goyal has asserted that India is the world's fastest-growing major economy and will soon become the third largest. He added that international institutions and economists see India as the bright spot in the global economy.

He said India is contributing to almost 16 per cent of global growth, added that it is also widely expected that ‘we will become the third largest’ economy in a few years. He said ‘In just over a decade, India has rapidly transformed from being one of the Fragile 5 to the fastest-growing major economy in the world. We have risen from the 11th largest economy to one of the top 5 economies, driven by our reforms, the hard work of our farmers, MSMEs and entrepreneurs’.

He further said that in the last decade, the government has taken transformative measures to promote India as the manufacturing hub of the world. He said India's young, skilled and talented workforce is driving innovation and competitiveness of the Indian industry. He noted ‘Our exports have steadily increased during the last 11 years. In an increasingly protectionist world, India has done mutually beneficial trade agreements with the UAE, UK, Australia and EFTA (European Free Trade Area) countries’. He added ‘We are also committed to similar trade agreements with other countries’.

The CNX Nifty is currently trading at 24697.25, down by 71.10 points or 0.29% after trading in a range of 24672.20 and 24759.75. There were 14 stocks advancing against 36 stocks declining on the index.

The top gainers on Nifty were Hindustan Unilever up by 3.36%, Eicher Motors up by 2.57%, Asian Paints up by 2.22%, Nestle up by 1.60% and Tata Consumer Products up by 1.15%. On the flip side, Sun Pharma down by 3.63%, Mahindra & Mahindra down by 2.33%, Cipla down by 2.14%, Tata Steel down by 1.92% and JSW Steel down by 1.84% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 164.82 points or 0.40 to 40,905.00, Taiwan Weighted lost 120.28 points or 0.51 to 23,422.24, Hang Seng declined 110.33 points or 0.45 to 24,663.00, KOSPI dropped 109.72 points or 3.38 to 3,135.72, Shanghai Composite weakened 6.66 points or 0.19 to 3,566.55 and Straits Times was down by 3.1 points or 0.07 to 4,170.67, while Jakarta Composite gained 78.03 points or 1.04 to 7,562.37.
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