Stock Market Today: Nifty, Sensex End Lower After Trump Tariffs Hit Sentiment
The Indian stock market witnessed a volatile trading session on Thursday, with the NSE Nifty 50 and BSE Sensex ending lower after gaining for the last two sessions. The benchmarks were dragged down by negative sentiment following the imposition of 25% tariffs by the US on Indian goods, as announced by President Trump.
Nifty and Sensex Performance
The NSE Nifty 50 fell by 200 points from the day’s high, while the BSE Sensex also ended lower. The Nifty Midcap and Nifty Smallcap 250 indices declined by nearly 1% each, dragged down by stocks such as Indus Towers, IPCA Labs, Apar Industries, and Aarti Industries.
Rupee vs US Dollar
The Indian rupee closed 17 paise weaker at 87.60 against the US dollar, marking a decline of 2.15% in value against the US dollar in July. This is the rupee’s third consecutive month of decline, with July 2025 being the worst month since September 2022, according to data from Cogencis.
Key Highlights
- Benchmarks end lower after gaining for the last two sessions.
- Benchmark indices slightly outperformed broader market indices.
- Nifty faces volatile trading day on monthly expiry.
- 38 out of 50 stocks decline in trade.
- All sectoral indices lose in trade, barring Nifty FMCG and Media.
Supreme Court Verdict on Bhushan Power and Steel
The Supreme Court has withdrawn its May 2 decision to reject the liquidation of Bhushan Power and Steel and the acquisition scheme of JSW Steel. The top court has admitted a review petition by JSW Steel to hear the matter on August 7.
Maruti Suzuki Q1 Results
Maruti Suzuki Ltd. reported a modest rise in standalone net profit in the first quarter of fiscal 2026, beating street expectations on the back of higher other income. The company’s non-core income was Rs 1,823 crore during the quarter, compared to Rs 975 crore in the corresponding period last year.
Here are the key highlights from Maruti Suzuki’s Q1 results:
- Revenue up 8.1% to Rs 38,414 crore versus Rs 35,531 crore (Bloomberg estimate: Rs 36,371 crore).
- Net Profit up 2% to Rs 3,712 crore versus Rs 3,645 crore (Estimate: Rs 3,075.8 crore).
- Ebitda down 11% to Rs 3,995 crore versus Rs 4,502 crore (Estimate: Rs 3,798.5 crore).
- Margin at 10.4% versus 12.7% (Estimate: 10.4%).
Indian Markets Outlook
The Indian stock market is expected to remain volatile in the coming sessions, driven by global cues, earnings reports, and economic data. Investors are advised to stay cautious and keep a close eye on the market trends and news updates.
For more information on the Indian stock market, click here. To stay updated with the latest market news and analysis, visit our website regularly.