Indian stock indices fell at the open as fresh tariff threats from former US President Donald Trump rattled investor confidence. He has warned of imposing higher duties on India over its oil imports from Russia.
The Sensex trades down by 199 points at 80,819, while the Nifty slips 44 points to 24,678. Broadly, FMCG stocks led losses with a 0.55% drop, along with pressure on banking and IT shares, contrasting gains from Coal India, Maruti Suzuki, SBI, and Dr. Reddy&rsquo;s. Mixed sentiment marked mid and small caps with smallcaps up 0.19% despite midcaps sliding 0.17%. This suggests selective interest amid broader caution.
Technical analysts note that Nifty must reclaim the 24,956 level to reverse the current downtrend. Support lies in the 24,550&ndash;24,442 zone, while resistance is expected between 24,900 and 25,000. All eyes are also on the Reserve Bank of India&rsquo;s upcoming Monetary Policy Committee (MPC) meeting, with expectations of a 25 basis-point rate cut offering some optimism.
Globally, equity markets showed renewed strength. US benchmarks rebounded: the Dow rose 1.34%, Nasdaq jumped 1.95%, and S&amp;P 500 gained 1.47%. Asian markets also saw gains in South Korea, China, Japan, and Hong Kong.
On the capital flow front, foreign institutional investors (FPIs) sold ₹2,566 crores in Indian stocks on Monday, while domestic institutional investors (DIIs) continued accumulation with a ₹4,386 crore investment, extending their buying streak.

Sensex, Nifty Dip Amid Trump Tariff Threat

Markets cautious as Trump warns tariffs; RBI policy meet, rate cut hopes in focus

Sensex, Nifty Dip Amid Trump Tariff Threat

Markets cautious as Trump warns tariffs; RBI policy meet, rate cut hopes in focus

August 5, 2025 | 10:13 IST