Indian equity indices are expected to open on a lower note following negative global cues, and Trump’s 25% tariff deadline ends on August 01. The GIFT Nifty was trading 0.47% lower at 24,720. Here are key global cues to watch before the market opens that include new crude oil prices, FII and DII data, business groups that most affect, sectoral performance, etc.
Earlier on Thursday, the NSE Nifty 50 closed the session 87 points or 0.35% lower at 24,768, while the BSE Sensex fell 296 points or 0.36% to close at 81,185.
Key global and domestic cues to know on August 01, 2025
Asian Markets
Asia-Pacific markets fell on Friday after the US President Donald Trump modified “reciprocal” tariff rates on several countries, ranging from 10% to 41%. Japan’s Nikkei 225 benchmark fell 0.65%, while the broader Topix index was flat. In South Korea, the Kospi index dropped 1.73%, while the small-cap Kosdaq declined by 2.1%.
US markets
The US benchmarks closed Thursday night as traders digested the latest Big Tech earnings and awaited July’s jobs report. Futures tied to the S&P 500 index were down 0.2%, while Nasdaq 100 futures lost 0.3%. Futures tied to the Dow Jones Industrial Average fell 43 points, or 0.1%.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.07% lower at 100 on Friday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.18% to close at 87.60 to the dollar on August 01.
Crude oil
The crude oil prices traded on a lower note on Friday morning. WTI crude prices were trading at $69.28, down by 0.12%, while Brent crude prices were trading at $71.72, down by 0.13%.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 5,538.19 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 6,171 crore on July 31, 2024, according to the provisional data available on the NSE.
Gold rate today
The rate for 24-carat gold today is Rs 98,840 per 10 grams, consolidating near its all-time high. The safe haven’s price is near the Rs 1 lakh mark. The rate of gold has risen by 1.15% in the past one month. The 22 kt gold rate today is Rs 90,603 per 10 grams. The 18-carat gold price today is Rs 74,130.
Top sectors in Thursday’s trade
The biggest casualty of the day was the textile and apparel sector. Export-focused textile stocks were hammered after the US tariff news broke, with several companies falling as much as 9% intraday. The new duties to come into effect from August 1.