Stock Market Today: Sensex Falls 296 Points, Nifty Below 24,800 Amid US Tariff Threats; Tata Steel, Sun Pharma Lead Losses
Sensex drops 296 points, Nifty ends below 24,800 as US tariff threats rattle markets. Tata Steel, Sun Pharma among key losers; textile stocks under pressure.
Markets close lower after a choppy session as US-India trade tensions and foreign fund outflows weigh on sentiment.
Indian stock markets ended lower on Thursday after a volatile trading session, as investor sentiment took a hit from fresh US tariff threats and persistent foreign institutional investor (FII) selling. While the benchmarks recovered from deeper losses earlier in the day, they still ended in the red.
The BSE Sensex fell 296.28 points, or 0.36%, to close at 81,185.58, while the NSE Nifty 50 declined 86.70 points, or 0.35%, to finish at 24,768.35. Both indices had dropped nearly 0.9% in morning trade following US President Donald Trump's announcement of 25% tariffs on Indian goods, effective August 1, along with unspecified penalties. Trump noted that trade negotiations with India were ongoing, offering a slight breather to the markets.
🔻 Sectoral & Stock Highlights:
- Tata Steel slipped over 3%, while Sun Pharma dropped 2% after reporting a 20% YoY decline in Q1 profit.
- Textile stocks were hit the hardest, reacting sharply to the tariff announcement:
- Welspun Living: -5.1%
- Vardhman Textiles: -4.3%
- KPR Mills: -3.6%
- Gokaldas Exports: -3.2%
- Mid-cap and small-cap indices fell by about 1%, reflecting broader market weakness.
📉 Key Market Pressures:
- US Tariff Announcement: 25% duty and penalty on Indian exports from August 1
- Rising Crude Prices: Adding inflationary concerns
- Fed’s Stance: Reduced hopes of immediate rate cuts
- FII Outflows: Persistent selling by foreign investors
- Weak Q1 Earnings: Especially in IT and financial sectors
📊 Monthly Market Performance:
For July 2025, both the Sensex and Nifty lost close to 3%, ending a four-month winning streak. Analysts point to Rs 25,000 crore in FII outflows, weak earnings, and global economic uncertainties as key contributors.
🧾 Q1 Earnings Snapshot:
- HUL: PAT up 8% YoY to ₹2,732 crore; revenue rises 4%
- Ambuja Cements: PAT up 24% YoY to ₹970 crore
- Sun Pharma: PAT down 20% YoY to ₹2,278 crore; revenue up 10%
- Vedanta: PAT down 12% YoY to ₹3,185 crore
- Adani Enterprises: PAT plunges 45% YoY to ₹976 crore
- Swiggy: Loss widens to ₹1,197 crore despite 54% revenue growth
🌐 Global Market Overview:
- S&P 500 futures: +0.9%
- Japan’s Topix: +0.7%
- Australia’s ASX 200: -0.2%
- Hong Kong’s Hang Seng: -0.9%
- Shanghai Composite: -0.7%
- Euro Stoxx 50 futures: +0.2%
