
Stock market update: Nifty Auto index advances 0.77% in an upbeat market
Hero MotoCorp Ltd.(up 2.9 per cent), TVS Motor Company Ltd.(up 2.24 per cent), Samvardhana Motherson International Ltd.(up 1.41 per cent), Eicher Motors Ltd.(up 1.39 per cent) and Bosch Ltd.(up 1.3 per cent) were among the top gainers.
Ashok Leyland Ltd.(down 1.09 per cent) and Tube Investments of India Ltd.(down 0.2 per cent) were the top losers on the index.
The Nifty Auto index was up 0.77 per cent at 23732.45 at the time of writing this report.
Benchmark NSE Nifty50 index was up 62.96 points at 25145.25, while the BSE Sensex was up 172.97 points at 82426.43.
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Among the 50 stocks in the Nifty index, 37 were trading in the green, while 13 were in the red.
Shares of Ola Electric Mobilit, JP Power, Vodafone Idea, RattanIndia Power and PC Jeweller were among the most traded shares on the NSE.
Shares of Soma Textiles, Rajoo Engineers, Nesco Ltd, Rallis India and Venus Remedies hit their fresh 52-week highs in today's trade, while Setubandhan Infra, Tejas Networks, Aarey Drugs, Welspun Investments and N R Agarwal Ind hit fresh 52-week lows in trade.

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Tariff uncertainty to keep markets on edge; healthcare seen as safer bet: Rajesh Palviya
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Mint
4 hours ago
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Trump India tariff: Can the Indian stock market sustain against the sell-off storm? Explained with five reasons
Trump India tariff: Following the selling pressure after the imposition of Trump's tariffs on India on 31st July 2025, the Indian stock market ended lower on Thursday and Friday sessions. The Nifty 50 index slipped from 24,855 to 24,565 levels, the BSE Sensex went down from 81,481 to 80,599 levels, while the Bank Nifty index corrected from 56,150 to 55,617 levels. The selling was across segments as the small-cap index slipped from 53,881 to 52,575 levels, and the mid-cap index went down from 46,102 to 45,155. The only good news for the Indian stock market investors is that the Nifty 50 index is sustaining above the crucial 24,500 support, and buying is around 24,600. This has triggered speculation about whether the Indian stock market will be able to show resilience against Trump's tariffs and witness a trend reversal in the near term. According to stock market experts, Dalal Street has witnessed selling post-imposition of Trump's tariff on India, but this selling failed to rattle the market sentiments as the key benchmark indices are sustaining above their crucial supports. They said that selling was expected as Trump's tariff would hit Indian exports by around $33 billion, but this won't have much impact on the Indian market sentiments. On how Trump's tariff on India will impact New Delhi, Vinod Nair, Head of Research at Geojit Investments, said, "The US is India's largest export destination, contributing around 2.2% to the nation's GDP in 2024. As such, the 25% tariff is likely to exert pressure on the domestic economy. However, the effect is forecast to be limited based on the scope of the tariff in other EMs, as currently India has a small edge over key competitors like China. However, the tariff on other EMs has been reduced lately, like in Vietnam, Indonesia, and South Korea. It is expected to impact areas like Engineering, Pharma, Energy, Textile and Jewellery sectors more." Pointing towards the key takeaways for the Indian economy after Trump's tariff on India, Prashant Tandon, Executive Director — Global Investments at Waterfield Advisors, said, "We appear to be entering an era of re-globalisation—characterised by strategic integration, regional blocs, and trusted partnerships. Diverging markets illustrate this rebalancing, not disintegration. Investors should anticipate greater dispersion across geographies and sectors. Potential opportunities for supply chain resilience and infrastructure may arise, domestic industrial leaders benefiting from supportive policies, and companies focused regionally or aligned geopolitically." "The Indian stock market has shown notable resilience even after former US President Donald Trump announced a 25% tariff proposal on certain Indian exports. Many expected this move to rattle investor sentiment, but the markets remained steady. In my view, there are a few important reasons behind this reaction," said Gaurav Goel, Founder & Director at Fynocrat Technologies. On why the Indian stock market didn't overreact to Trump's tariff on India, Gaurav Goel of Fynocrat Technologies listed out the following five reasons: 1] Trump's timing: Trump's tariff announcement came just before the expected August 1 deadline, which gives the impression that it was more of a strategic warning shot than a final decision. The message seems to increase pressure on India to negotiate more favourable trade terms. Trump also clarified that talks with India are ongoing, giving markets hope that this may not result in a full-fledged trade blow. 2] India-US trade deal still on: American delegates are scheduled to visit New Delhi on August 25 for trade discussions. This indicates that there is still room for resolution. Investors believe that both sides will come to the table and work out a deal. Until the outcome is clear, markets are likely to avoid overreacting. 3] DIIs support: Another big reason for resilience is the strong support from domestic institutional investors (DIIs). On July 31 alone, DIIs were net buyers of ₹ 6,372 crore. Consistent buying cushions against external shocks reflects confidence in the Indian economy's strength. 4] Discounted Indian markets: It's important to note that this tariff issue has been stretched for quite some time. Markets typically react sharply to sudden, unexpected news, but in this case, the risk has been lingering for weeks. As a result, investors have already priced in much of the uncertainty. The market's sensitivity has naturally reduced since it's no longer a surprise. 5] Growth theme still intact: Explaining the impact of Trump's tariff on the national economy, Seema Srivastava, Senior Research Analyst at SMC Global Securitieis, said, 'In the current economic scenario, Trump's tariffs are expected to bring down the Indian GDP growth by arouond 30 bps, which can be mitigated with the domestic demand. The 25% tariff imposed by the US administration will have a limited impact on the key sectors like pharmaceuticals, textiles, automobiles, and gems and jewellery.' "Investors are expected to switch money from companies with exposure in US exports and look at domestic-oriented segments like banks, FMCG, Infrastructure, etc. Investors are expected to switch money from pure auto stocks to EV and auto ancillary stocks. So, we expect limited impact of Trump's tariffs on the Indian stock market as investors have already discounted the event much ahead of Donald Trump's announcement," said Seema Srivastava, who is a professional CA also. Contrary to widespread expectations and dashing New Delhi's hopes of a relatively better trade deal, US President Donald Trumpannounced a 25 per cent tariff on "friend" India on July 30, to be effective August 1. The 25 per cent tariff excludes a penalty due to India's energy and defence ties with Russia. Trump accused India of imposing higher tariffs on US imports and also having the "most strenuous" trade barriers. 'While India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world, and they have the most strenuous and obnoxious non-monetary trade barriers of any country,' Trump said on his social media platform Truth Social. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.


Mint
6 hours ago
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Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — 4 August 2025
Buy or sell stocks: Following weak global cues after Trump's tariff bombshell on Thursday night, the Indian stock market ended lower on Friday. The Nifty 50 index finished southward for the fifth successive week, its prolonged losing streak since the week ending August 25, 2023. This selling was across segments, as the BSE Sensex and the Bank Nifty index witnessed selling pressure in the previous week, while the small-cap and mid-cap indices ended more than 2% lower last week. Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market is trading cautiously after the US administration's imposition of a 25% tariff. The Choice Broking expert said the Nifty 50 index is in the 24,500 to 24,950 range. A bullish or bearish trend can be assumed on the breakage of either side of this range. Speaking on the outlook of the Nifty 50 index, Sumeet Bagadia said, "The Indian stock market sentiment is cautious as the Nifty 50 index is trading in the 24,500 to 24,850 range. The key benchmark index has crucial support placed at 24,500, whereas it is facing resistance at the 50-DEMA of 24,900 to 24,950. A bullish or bearish trend can be assimilated on the breakage of either side of this range." The Choice Broking expert suggested investors look at stocks that look strong on the technical chart and recommended buying ITC, Asian Paints, and Metropolis Healthcare next week. 1] ITC: Buy at ₹ 416.45, Target ₹ 450, Stop Loss ₹ 400. ITC's share price is currently trading at ₹ 416.45 and has witnessed a decline of nearly 22% from its recent highs, followed by a prolonged consolidation phase. The stock has recently formed a Falling Wedge pattern on the daily chart—typically a bullish reversal setup that indicates a potential breakout on the upside. ITC's share price now appears to be on the verge of breaking out of this formation, supported by consistent trading volumes that reflect steady accumulation at lower levels. A sustained move above the ₹ 425 mark would confirm the breakout, potentially triggering a trend reversal and opening up room for a move toward higher price levels. This breakout would also signal a shift in sentiment from consolidation to strength. From a momentum perspective, the Relative Strength Index (RSI) stands at 51.31 and has recently given a positive crossover, moving upward and suggesting improving bullish momentum. Technically, the stock is hovering between its short-term and medium-term EMAs. A successful hold above these levels, followed by a sustained move above the long-term EMA, would further strengthen the bullish outlook. Given the encouraging technical pattern, steady volumes, and improving momentum, traders may consider buying ITC shares at the current market price of ₹ 416.45, with a stop-loss at ₹ 400 to limit downside risk. A breakout above ₹ 425 could pave the way for an upside toward ₹ 450 in the short to medium term, offering a favourable risk-reward opportunity. 2] Asian Paints: Buy at ₹ 2431, Target ₹ 2650, Stop Loss ₹ 2320. Asian Paints' share trades at ₹ 2,431 and moves within a broad consolidation range near its lower levels. This extended consolidation phase, supported by steady trading volumes, indicates accumulation and growing investor interest at these price zones. The stock has recently shown signs of recovery, bouncing from its short-term and medium-term exponential moving averages (EMAs). While it has attempted to cross above its long-term EMA, it has yet to sustain a close above that level—making a decisive breakout above it crucial for further strength. A sustained move above the ₹ 2,500 level could confirm bullish momentum, potentially triggering a fresh upward leg in the price action. This breakout would signify the end of the current range-bound behaviour and open the door for further gains toward higher levels. From a momentum perspective, the Relative Strength Index (RSI) stands at 59.29 and has recently given a positive crossover, trending upward. This suggests strengthening momentum and increasing bullish sentiment, further supported by price action holding above key EMAs. Given the constructive chart structure, improving RSI, and substantial volume support, traders may consider buying Asian Paints shares at ₹ 2,431, with a stop-loss placed at ₹ 2,320 to manage downside risk. A sustained breakout above ₹ 2,500 could lead to an upside toward ₹ 2,650 in the short to medium term, offering an attractive risk-reward setup for positional traders. 3] Metropolis Healthcare: Buy at ₹ 2037.70, Target ₹ 2260, Stop Loss ₹ 1925. Metropolis Healthcare's share price is currently trading at ₹ 2,037.70 and has shown signs of strength after a corrective move from its recent swing high. Following the decline, the stock entered a consolidation phase and witnessed a strong bounce from its demand zone, indicating renewed buying interest at lower levels. Metropolis Healthcare's share price on the daily chart is forming a Cup & Handle pattern. This bullish continuation formation typically signals the potential for further upward movement once the breakout is confirmed. A recent spike in trading volumes further validates the accumulation during the handle formation, indicating strong participation. A sustained move above ₹ 2,100 would confirm the breakout from this bullish setup and could trigger a fresh upward rally, resuming the stock's prior uptrend. From a momentum standpoint, the Relative Strength Index (RSI) is at 63.54 and has given a positive crossover, suggesting strong bullish sentiment and further upside potential. Additionally, the stock has retraced towards its short-term EMA and is now comfortably trading above all key moving averages—short-term, medium-term, and long-term—reinforcing the positive outlook. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.