Sensex fell 706 points (0.87%) and Nifty dropped 211 points (0.85%) due to worries over U.S. tariffs impacting exports and economic growth
Brokerage Recommendations for Key Stocks
Brokerages maintained buy ratings on Maruti Suzuki (EV expansion), Adani Ports (transformational growth), ICICI Bank (stable credit costs), RBL Bank (improved returns), and Allied Blenders (premiumization strategy) 1.
Key Takeaway: Positive analyst sentiment persists despite market volatility, focusing on sector-specific growth stories.
Market Declines on U.S. Tariff Concerns
Sensex fell 706 points (0.87%) and Nifty dropped 211 points (0.85%) due to worries over U.S. tariffs impacting exports and economic growth 58.
Key Takeaway: Trade tensions with the U.S. are directly influencing investor sentiment and market performance.
GIFT Nifty Signals Positive Start
GIFT Nifty traded at 24,676 (up 0.20%), indicating a potential rebound after previous losses 811.
Key Takeaway: Domestic resilience may counter global headwinds in the short term.
Groww IPO Receives SEBI Approval
The fintech platform’s IPO could raise $1 billion, valuing it at $7–8 billion 11.
Key Takeaway: This highlights investor confidence in India’s fintech sector and startup ecosystem.
Strong Subscription for IPOs
Current Infraprojects’ IPO was subscribed 31.3 times, and Sattva Engineering’s offer saw 5.65 times demand 11.
Key Takeaway: Robust investor appetite for new listings continues despite market corrections.
Institutional Investment Trends
FIIs sold ₹3,857 crore in equities, while DIIs bought ₹6,920 crore, reflecting domestic confidence amid foreign outflows 11.
Key Takeaway: DII support is cushioning the market against FII selling pressure.
Bank Nifty Breaks Key Support Levels
Bank Nifty fell 1.16% to 53,820, nearing its 200-day EMA; a break below 53,500 could accelerate declines 5.
Key Takeaway: Banking stocks are particularly vulnerable to economic growth concerns.
Sectoral Performance
Except for consumer durables, all sectors declined, with IT, banking, and realty down 1% each 11.
Key Takeaway: Tariff-related uncertainties are causing broad-based sectoral weakness.
Commodity Trends
Gold prices hit a one-month peak on Fed rate-cut hopes, while oil prices fell due to demand concerns 811.
Key Takeaway: Safe-haven assets like gold are benefiting from global economic uncertainties.
Technical Outlook
Nifty faces resistance at 24,800; support levels are at 24,300–24,250. A sustained break below could signal further downside 5.
Key Takeaway: Technical indicators suggest cautious near-term sentiment.
GDP Growth Likely Slowed to 6.7% in Q1
Economic expansion dipped from 7.4% due to weak urban demand and private investment, though rural demand remained robust 29.
Key Takeaway: Growth remains resilient but is moderating amid global trade headwinds.
U.S. Tariffs Threaten Key Export Sectors
The U.S. imposed 50% tariffs on Indian goods, potentially reducing GDP growth by 60–80 bps and hurting textiles, chemicals, and footwear 23.
Key Takeaway: Prolonged tariffs could dent India’s export competitiveness and job creation.
RBI Flags Trade Tensions as Downside Risk
The central bank noted resilience in rural demand but highlighted U.S. trade policies as a threat to growth, despite benign inflation 6.
Key Takeaway: Monetary policy will remain data-dependent, with trade risks influencing future decisions.
Low Inflation Supports Domestic Demand
Retail inflation eased to 1.55% in July (an 8-year low), boosting household spending capacity 26.
Key Takeaway: Low inflation provides room for policy support to counter external shocks.
Nominal GDP Growth Softens
Nominal GDP growth likely fell to 8% (from 11% average), affecting tax revenues and corporate profits 2.
Key Takeaway: Subdued nominal growth could constrain fiscal flexibility.
NDA Leads Mood of the Nation Survey
The NDA is projected to win 324 seats if elections were held today, while the opposition alliance trails at 208 seats 3.
Key Takeaway: The current government retains strong public support ahead of potential elections.
PM Modi Visits Japan for Strategic Talks
The PM’s visit aims to strengthen defense and infrastructure ties, with Japan announcing a $68 billion investment package 3.
Key Takeaway: India is deepening economic and strategic partnerships to counterbalance trade tensions with the U.S.
U.S. Tariffs Spark Bipartisan Criticism
A U.S. House panel criticized the administration for unfairly targeting India while sparing China, highlighting diplomatic tensions 3.
Key Takeaway: Trade policies are becoming a focal point in U.S.-India diplomatic relations.
Kejriwal Alleges BJP-Congress Collusion
The AAP leader claimed the BJP avoided arresting Congress leaders in the National Herald case, signaling political realignments 12.
Key Takeaway: Opposition dynamics are shifting as regional parties navigate federal politics.
UN Vote on Lebanon Peacekeeping Mission
The UN Security Council will decide on phasing out the UNIFIL mission by December 2026 3.
Key Takeaway: Global security priorities are evolving, impacting India’s role in multilateral institutions.
InfoComm India 2025 to Showcase AI Innovations
The event will feature AI-driven audiovisual solutions, including Bosch’s smart amplifiers and DVSI’s predictive management systems 4.
Key Takeaway: India is emerging as a hub for AI integration in professional AV technologies.
Japan’s $68 Billion Investment in Indian Tech
The investment package targets infrastructure and manufacturing, boosting India’s technological capabilities 3.
Key Takeaway: Foreign investments are critical for India’s ambition to become a global manufacturing alternative.
The past 24 hours underscore India’s economic resilience amid global trade tensions, with markets reacting sharply to U.S. tariffs while domestic institutions provide stability. Politically, the government’s strong approval ratings and strategic partnerships with Japan contrast with opposition turmoil. Technologically, AI innovations and foreign investments highlight India’s growing role in global tech ecosystems.
Sources: Reuters, Times of India, India Today, Yahoo Finance, Livemint, Economic Times, Moneycontrol, Indian Express.
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