Markets may kick off Thursday’s session on a cautious note, with early signals from GIFT Nifty hinting at a soft start below the 24,600 mark. A dip of around 0.22% indicates the nervous tone among investors as they weigh global cues and sector-specific trends.
Crude oil price movement, Trump’s tariff, fund flows from FIIs and DIIs, and the performance of heavyweight sectors like Tech, banking, FMCG, and energy are likely to guide market direction. Meanwhile, any unexpected corporate developments or earnings surprises could shake things up on Dalal Street.
Indian stock markets remained under pressure for the second consecutive session on August 6. The Sensex fell by 166 points, closing at 80,543.99, while the Nifty declined 75 points to finish just below the 24,600 mark at 24,574.20.
Key global and domestic cues to know on August 07, 2025
Asian Markets
Asian markets got off to a mixed start on Thursday. Japan’s Nikkei 225 hovered near the flatline, while the broader Topix saw a modest uptick of 0.19%. South Korea’s Kospi slipped slightly by 0.12%, and the Kosdaq held steady. Meanwhile, Australia’s ASX 200 also remained flat.
50% tariff shock: Trump targets Indian exports over Russian oil trade
U.S. President Donald Trump has announced higher duties on Indian goods, blaming India’s continued purchases of Russian oil. The new order adds another 25% duty on a wide list of exports, pushing the total tariff on many products to 50%. This move, which mirrors Brazil’s tariff levels, will come into effect from August 27. An earlier 25% duty is already scheduled to begin on August 7. Key sectors likely to feel the heat include textiles, automobiles, and jewellery.
However, not everything is on the hit list. Items like pharmaceuticals and semiconductors have been spared under U.S. trade law. Also, shipments already on their way before the deadline won’t be affected.
Trump’s 100% tariff warning on chips
Donald Trump has announced a plan to impose a 100% tariff on imported semiconductors and chips, with an exception for companies that are building or have committed to build in the United States. Speaking from the Oval Office, he said, “We’re going to be putting a very large tariff on chips and semiconductors.” He added that companies like Apple won’t face the tariff if they manufacture within the U.S
US markets
U.S. markets closed in the green on Wednesday, with all three major indices posting gains. The Nasdaq Composite led the rally, rising 1.21% to end at 21,169.42. The S&P 500 followed with a 0.73% gain, finishing at 6,345.06. Meanwhile, the Dow Jones Industrial Average added 81.38 points, or 0.18%, to close at 44,193.12.
US Futures
US stock futures edged higher early Thursday. Dow Jones futures were up 68 points, or 0.15%, while S&P 500 and Nasdaq 100 futures both gained around 0.24%.
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 98.28 on Wednesday 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 0.09% to close at 87.73 to the dollar on August 6.
Crude oil
Oil prices saw a modest uptick in early Wednesday trading. West Texas Intermediate (WTI) climbed 0.76% to $64.85 per barrel, while Brent crude rose 0.72%, reaching $67.37.
FII, DII data
Foreign investors pulled out Rs 4,999 crore worth equities on August 6, as per provisional data from the NSE. In contrast, Domestic Institutional Investors (DIIs) stepped in as strong buyers, investing Rs 6,794 crore.
Gold rate today
Gold prices were higher in early Wednesday’s trade. As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 1,02,340, while 22-carat gold costs Rs 93,810. For those preferring 18-carat gold, the price is Rs 76,760 for the same weight.
Buzzing sectors in Wednesday’s trade
Petrochemicals led the fall on Wednesday, with the sector shedding 2.6% in market capitalisation, making it the worst performer of the day.
Auto Ancillaries, Electronics, and Shipping stocks also saw declines. Even the Sugar sector lagged behind the broader Food Processing pack. However, in an otherwise weak market, Transport sector stocks stood out, gaining ground
Best and worst performing business groups
Market pressure was visible across several business groups on Wednesday with Poddar Group leading the fall with a 5.69% drop in market cap. Jaipuria Group and Pennar Group followed closely, declining 4.76% and 4.69% respectively.
On the other side, Anil Ambani Group stood out with a 4.98% gain, while Adventz Group and Kirloskars Group also ended in the green, rising 1.4% and 1.24% respectively.