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The broader markets mirror the weakness in the frontline indices

The Indian stock market opened lower on August 7, 2025, continuing the cautious trend from the previous session. The BSE Sensex starts the day around 80,400, while the NSE Nifty 50 trades below the key psychological level of 24,550. Early trade shows the Nifty at approximately 24,523, reflecting a drop of around 0.21%, and the Sensex slips about 0.18%.

The mood on Dalal Street remains subdued after weak global cues and fresh trade tensions between India and the United States. The early decline follows a weak close on August 6, where the Sensex ends down by 166 points at 80,543.99, and the Nifty drops nearly 75 points to close at 24,574.20.

Trump’s Tariff Decision Shakes Market Confidence

The sharp pullback is largely influenced by global geopolitical developments. Former U.S. President Donald Trump announces plans to increase tariffs on Indian imports up to 50%. This decision triggers concern among investors, especially in sectors that rely heavily on exports such as auto components, textiles, and industrials.

Investors now wait for clarity on how India will respond to the tariff hike. Concerns about how the trade conflict may affect bilateral relations and export revenues create nervousness. Stocks of export-oriented companies come under pressure as the implications of a possible trade war become more evident.

Sectoral and Broader Market Trends

The broader markets mirror the weakness in the frontline indices. The Nifty Midcap 100 and Smallcap 100 also trade lower by around 0.44%. While major indices fall, the impact on mid- and small-cap stocks appears slightly more limited, though the overall breadth remains negative.

Within the sectoral landscape, banks, metals, and financials remain under pressure. Stocks like Kotak Mahindra Bank, SBI, Coal India, and Tata Steel trade in the red. Jio Financial and Adani Ports also see notable declines in the early session. However, select auto and pharmaceutical names buck the trend. Hero MotoCorp, Cipla, and Maruti Suzuki trade in positive territory, offering some support to the indices.

Corporate-Specific Movements

Among individual stocks, ICICI Bank shows a marginal gain of 0.03% and trades around ₹1,444.75. Despite the overall weakness in the banking sector, ICICI manages to outperform its peers slightly, though volumes remain lower than average.

Nestlé India, however, underperforms significantly. The stock slips by 1.49% to ₹2,233.30. It currently trades almost 20% below its 52-week high, highlighting sustained selling pressure. The fall in Nestlé comes ahead of its upcoming bonus share issue, which is set for August 8. Today is the last day for investors to purchase shares to qualify for the 1:1 bonus issue.

Tata Steel also remains in the red, falling by around 0.56% to ₹158.70. The company sees weakness following broader declines in metal stocks, driven by global growth concerns and the possible effect of U.S. tariffs on steel exports.

NSDL IPO Makes Strong Market Debut

One of the positive highlights in the market is the debut listing of National Securities Depository Limited (NSDL). The stock opens at ₹880 on its first trading day and closes at ₹936, delivering nearly 17% gains over its issue price. The strong listing performance reflects investor interest in the financial services space, particularly in companies associated with capital markets infrastructure.

The NSDL IPO had received robust subscription from institutional and retail investors, and its listing success is seen as a bright spot in an otherwise weak session.

RBI Policy Holds Steady

On the domestic policy front, the Reserve Bank of India maintains its policy stance. The central bank keeps interest rates unchanged and continues with a neutral approach. The decision is broadly in line with expectations, but it also signals that the RBI remains cautious about inflation and external risks.

Sectors such as banking, real estate, and autos, which are typically sensitive to interest rate changes, see limited movement following the announcement. Investors interpret the policy decision as a sign that monetary easing may not be on the table shortly.

Global Market Influence Remains Strong

International developments continue to dominate investor sentiment in Indian markets. Besides the U.S. tariff announcement, uncertainty around global inflation, oil prices, and ongoing geopolitical tensions influences risk appetite. Global equity indices trade mixed, and Asian markets see mild declines, adding to the cautious sentiment back home.

Foreign institutional investors turn net sellers for the day, reducing exposure amid rising global risks. Domestic institutional investors continue to support the market selectively but avoid aggressive buying.

Technical Outlook and Trading Sentiment

From a technical perspective, the Nifty remains under pressure as it struggles to hold above 24,550. The index faces resistance near the 24,600–24,650 zone. A failure to reclaim this level in the near term could trigger further selling. Support is seen near 24,400. If the Nifty breaks below this support, deeper cuts could follow.

Market analysts suggest that current conditions demand cautious trading. Volatility is likely to persist due to macro uncertainty and earnings-related stock-specific action. Sentiment remains negative until clarity emerges on the tariff front and the global market stabilizes.

Earnings, Announcements, and Upcoming Triggers

The ongoing earnings season continues to be a key factor influencing stock movements. Investors remain focused on corporate results for Q1 FY26 to gauge the health of company fundamentals. Auto, banking, and IT companies are among the most watched.

The market also keeps an eye on key global data, including U.S. inflation numbers and central bank decisions from major economies. These data points will likely determine the direction of global bond yields and equity market flows.

Domestic events such as GST collections, monsoon performance, and political updates ahead of state elections also play a role in shaping medium-term investor behavior.

Closing Outlook

The Indian stock market continues to face headwinds due to both domestic and international factors. A mix of profit booking, global tariff issues, and cautious investor positioning pulls down key indices. However, strong listings like NSDL and resilience in selective blue-chip stocks provide some relief.

Until global uncertainties reduce and trade tensions ease, markets are likely to remain range-bound with a negative bias. Investor focus now shifts to upcoming economic indicators, policy updates, and global cues for direction in the days ahead.