Stock Market Updates: GIFT Nifty Signals Flat Opening For Sensex, Nifty; Trump Tariffs Eyed
Benchmark indices Sensex and Nifty opened on a cautious note on Wednesday, as investors weigh the impact of fresh US tariff
Sensex Today: Benchmark indices Sensex and Nifty are likely to open on a cautious note on Wednesday, as investors weigh the impact of fresh US tariff announcements, mixed global cues, and key macroeconomic data from China. Trends in institutional investment flows and ongoing primary market activity will also guide market direction.
At 8:50 AM, GIFT Nifty futures were trading 21 points lower at 25,591, hinting at a flat to slightly negative start for domestic equities.
Global Cues
Asian markets traded mixed after US President Donald Trump ruled out any extension to the August 1 tariff deadline. Trump also unveiled a new 50% tariff on copper imports and signaled sector-specific levies ahead. Notably, he hinted at tariffs of up to 200% on pharmaceutical exports to the US, though these are expected to be phased in over the next 12 to 18 months.
At the last count, Nikkei was up 0.18 per cent, while the broader Topix index rose 0.19 per cent. South Korea's Kospi was up 0.19 per cent, and ASX 200 dropped 0.59 per cent. Investors are now monitoring key Chinese economic indicators, including June's inflation and producer price data.
China's consumer inflation rose to 0.10 per cent in June, up from a 0.10 per cent decline in May 2025. However, producer prices fell 3.6 per cent Y-o-Y, steeper than the expected 3.2 per cent drop and a deeper decline than May's 3.3 per cent fall.
On Wall Street overnight, markets closed largely unchanged. The S&P 500 dipped 0.07 per cent to 6,225.52, while the Nasdaq Composite inched up 0.03 per cent to 20,418.46. The Dow Jones lost 0.37 per cent to end at 44,240.76. Investors now await FOMC minutes, which is expected later in the day.
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