Nifty 50 opened lower at 24,734.90, down 33.40 points (-0.14%) from the previous close of 24,768.35. Bank Nifty started at 55,897.15, falling 64.80 points (-0.12%) from its previous close of 55,961.95. Sensex slipped 111.17 points (-0.14%), opening at 81,074.41 compared to the prior close of 81,185.58. Gift Nifty is currently trading at 24,755.
Global index as on 1 August 2025
- DOW 30 declined by 330.30 points to close at 44,131.00, down 0.74%.
- S&P 500 fell by 23.51 points, ending at 6,339.39, a 0.37% drop.
- NASDAQ slipped slightly by 7.23 points to 21,122.40, down 0.03%.
- FTSE 100 edged down by 4.13 points to 9,132.81, a marginal decline of 0.05%.
- DAX dropped sharply by 196.75 points to settle at 24,065.50, down 0.81%.
- NIKKEI 225 bucked the trend, rising by 415.12 points to 41,069.80, gaining 1.02%.
Commodities Update
- Gold: Currently trading at ₹10,002 per gram.
- Silver: Down by ₹0.10, now at ₹114.90 per gram.
- Crude Oil: Prices have risen by 0.11%, reaching 71.635, compared to the previous close of 71.555.
Global events/updates
- Another extension to Trump tariffs. All tariffs take effect on August 7th. So there is some time to negotiate.
Trump 2.0: Major Tariff Overhaul Announced
In a bold trade move, former President Donald Trump has signed a sweeping executive order imposing increased tariffs on imports. Key highlights include a 40% penalty on transshipped goods, a 10% additional duty on non-specified nations, and a revised tariff range between 10% and 41%, effective within 7 days.
Canada is specifically targeted, with duties on its imports raised from 25% to 35%, excluding USMCA-covered items. The administration cites “Reciprocal Trade Terms” as the rationale and warns that nations still negotiating trade or security pacts will face new tariffs until agreements are reached.
Trump 2.0: Pharma Under Pressure
Donald Trump has intensified his push to lower U.S. drug prices, demanding pharmaceutical giants reduce costs to match global rates. Letters were sent to 17 major drugmakers, including Pfizer, Eli Lilly, and Novo Nordisk, urging price parity and immediate Medicaid price cuts.
Stocks to watch
- DOMS Industries: The board has approved the acquisition of an additional 13% stake in its subsidiary, Pioneer Stationery Pvt. Ltd.
- Gujarat Gas: The company has partnered with Waaree Energy to jointly develop sustainable energy solutions aimed at reducing carbon emissions.
- NCC: The company secured two new orders in July totaling ₹792 crore, with ₹461.39 crore allotted to its Buildings Division and ₹330.15 crore to its Electrical Division.
- Indian Bank: The bank has revised its Treasury Bills Linked Lending Rate (TBLR), cutting the rate for loans up to three months by 5 basis points to 5.35%, while increasing it to 5.55% for loans spanning six months to three years.
- NBCC: The company signed an agreement with Madhya Bharat Gramin Bank to construct a modern institutional campus in Indore, valued at ₹45.3 crore.
- Tata Steel: Through one of its subsidiaries, the company is acquiring an additional 40% stake in TSN Wires Company Ltd. from Nichia Steel Works Ltd. for a total consideration of ₹270 crore.
- Dodla Dairy: The company has successfully completed the 100% acquisition of HR Food Processing for a total consideration of ₹5.2 crore.
- Bank of India: The bank will reduce its one-year MCLR by 10 basis points to 8.9%, effective from tomorrow.
- MedPlus: The company’s healthcare division has received two suspension orders related to a drug license for one of its stores in Telangana.
- Epack Durable: India Advantage Fund S4-I offloaded 20 lakh shares, representing 2.08% stake, at a price of ₹380.37 per share.
- V2 Retail: Motilal Oswal Mutual Fund sold 1.9 lakh shares, amounting to a 0.55% stake, at ₹1,868 per share.
Written by Manideep Appana
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