Indian markets may begin Friday’s session on a muted note, with GIFT Nifty pointing to a dip below 24,700, currently down 0.17%. Key triggers for the day include crude oil price movement, Donald Trump’s tariff warnings, FII-DII flows, and the performance of key sectors like IT, banking, FMCG, and energy.
Indian markets closed slightly higher on August 7, extending their winning streak. The Nifty settled just below the 24,600 mark at 24,596.15, up 21.95 points, while the Sensex added 79 points to end the day at 80,623.26.
Key global and domestic cues to know on August 08, 2025
Asian Markets
Asia-Pacific markets got off to a mixed start on Friday. Japan led the gains, with the Nikkei 225 rising 1.18% and the broader Topix up 0.87%. South Korea saw a split performance while the Kospi dipped 0.13%, the smaller Kosdaq index edged up 0.65%. Meanwhile, Australia’s ASX 200 slipped 0.29%.
India Vs US: Trump tariff
Trade tensions between the US and India escalated after President Donald Trump ruled out any negotiations until the ongoing tariff dispute is settled. Speaking to ANI at the Oval Office, Trump said talks won’t resume “until we get it resolved,” following his administration’s move to double tariffs on Indian imports to 50%. The White House cited national security and foreign policy concerns, pointing to India’s continued oil trade with Russia as a key trigger behind the fresh tariff hike.
US Futures
U.S. stock futures edged higher in early Asian trade. Dow Jones futures were up 80 points (0.18%), while S&P 500 and Nasdaq 100 futures gained 0.21% and 0.24% respectively.
US markets
The Dow Jones slipped on Thursday. The index dropped 224 points, or 0.51%, to close at 43,968.64. While the S&P 500 also edged lower by 0.08% to finish at 6,340.00, the Nasdaq Composite bucked the trend, rising 0.35% to end the day at 21,242.70.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.05% up at 98.13 on Thursday 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 0.05% to close at 87.70 to the dollar on August 7.
Crude oil
Oil prices were little changed in early Friday trade. West Texas Intermediate (WTI) slipped 0.04% to $63.87 a barrel, while Brent crude edged down 0.02% to $66.42.
FII, DII data
Foreign investors turned net sellers on August 7, offloading shares worth Rs 4,997 crore in the cash market, as per NSE data. However, the selling pressure was offset by strong buying from domestic institutional investors (DIIs), who pumped in Rs 10,864 crore.
Gold rate today
Gold prices were higher in early Friday’s trade. As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 1,02,560, while 22-carat gold costs Rs 94,010. For those preferring 18-carat gold, the price is Rs 76,920 for the same weight.
Buzzing sectors in Thursday’s trade
Fertiliser stocks were the biggest drags in Thursday’s session, with the sector losing 2.7% in market value. Rubber and agriculture-linked stocks also saw notable weakness, followed by the paper and textile sectors. Infrastructure stocks were not spared either. On the flip side, Internet and e-commerce stocks bucked the trend, posting gains.
Best and worst performing business groups
In Thursday’s trade, the Hero Group led the gainers among corporate groups with a 4.03% jump in market cap, followed by Pennar Group and Torrent Group, which rose 2.6% and 2.38% respectively. On the downside, Future Group slipped 3.84%, while Anil Ambani Group saw the sharpest cut, falling 4.12%.