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Benchmark indices Sensex and Nifty opened lower on Monday, tracking feeble global cues
Stock Market Updates
Sensex Today: Indian stock markets opened on a weak note Monday, weighed down by subdued global sentiment after US President Donald Trump announced a 30 per cent tariff on imports from the European Union and Mexico, effective August 1. Additionally, caution ahead of June quarter (Q1FY26) earnings kept investors on edge.
The BSE Sensex slipped 91 points, or 0.11 per cent, to trade near 82,409, while the Nifty50 declined 41 points, or 0.16 per cent, to hover around 25,109.
In the broader markets, the Nifty MidCap index edged lower by 0.1 per cent, while the Nifty SmallCap index held steady with a marginal gain of 0.01 per cent.
Global Cues
Global markets started the week on a cautious note, largely reacting to a fresh wave of trade concerns. Over the weekend, US President Donald Trump announced a 30 per cent tariff on imports from the European Union and Mexico, effective August 1. The declaration, made via his platform Truth Social, has raised fears of a renewed trade war. While both the EU and Mexican leadership signaled willingness to negotiate, uncertainty looms over potential outcomes.
There was a bright spot from Singapore, where GDP grew 4.3 per cent year-on-year in the second quarter, up from 3.9 per cent in Q1 and above the 3.5 per cent forecast. Quarter-on-quarter, the economy expanded by 1.4 per cent, bouncing back from a 0.5 per cent contraction—signaling economic resilience.
In Asia, markets traded mixed. Japan’s Nikkei was down 0.39 per cent, and the broader Topix slipped 0.34 per cent. Australia’s ASX 200 dipped 0.14 per cent, while South Korea’s Kospi defied the trend, rising 0.53 per cent.
US futures were also in the red during Asian hours. Dow Jones futures fell 0.63 per cent, S&P 500 futures dropped 0.33 per cent, and Nasdaq 100 futures were down 0.22 per cent.
Wall Street had closed lower on Friday. The Dow Jones lost 279.13 points (0.63%) to settle at 44,371.51. The S&P 500 declined 0.33 per cent to 6,259.75, and the Nasdaq Composite shed 0.22 per cent to finish at 20,585.53—capping a downbeat week for US equities.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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