Indian Stock Market Under Pressure:
The Indian stock market is expected to start with a weak opening. This is indicated by the Gift Nifty trading around 24,740, which is a 53-point discount from the previous close of Nifty futures. Investors are cautious due to the threat of higher tariffs from US President Donald Trump on Indian exports.
Asian markets showed positive trends. They traded higher, following the rally in the US stock market. On Monday, the Indian market ended higher. The Sensex gained 418.81 points, closing at 81,018.72. The Nifty 50 rose by 157.40 points, reaching 24,722.75.
Ajit Mishra, SVP at Religare Broking, advised traders to focus on stock selection. There are still many opportunities in different sectors. Traders should manage their positions carefully.
Asian markets traded positively on Tuesday. Japan’s Nikkei 225 gained 0.42%. South Korea’s Kospi rose by 1.76%, and the Kosdaq surged 1.83%. Hong Kong’s Hang Seng Index futures showed signs of a weak opening.
The US stock market ended higher on Monday. The Dow Jones rose by 585.06 points, reaching 44,173.64. The S\&P 500 climbed by 91.93 points, closing at 6,329.94. The Nasdaq Composite increased by 403.45 points, settling at 21,053.58.
Stocks Performance in the US
Tesla’s share price went up by 2.2%. Nvidia’s stock price surged by 3.62%. Microsoft shares gained 2.20%. Advanced Micro Devices saw a rise of 2.99%. On the other hand, Berkshire Hathaway shares dropped by 2.7%.
US President Donald Trump threatened to raise tariffs on Indian exports. He cited India’s purchases of Russian oil as a reason. However, Trump did not mention the exact rate of the tariff increase.
Japan’s service sector activity grew quickly in July. The Japan Services PMI rose to 53.6, up from 51.7 in June. This marked the fastest growth since February.
Gold prices increased after a weaker US dollar and lower Treasury yields. Spot gold rose by 0.2%, reaching \$3,380.61 per ounce. US gold futures also gained 0.2%, closing at \$3,434.30.
Crude oil prices remained stable. Brent crude futures eased by 0.01%, settling at \$68.75 per barrel. US West Texas Intermediate crude was priced at \$66.26 per barrel, down 0.05%.
Disclaimer
The views and recommendations shared above are those of individual analysts or broking companies. They do not reflect the opinions of Mint. Investors should consult certified experts before making any investment decisions.
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