Stock Market Alert: Nifty, Sensex Start Flat Amid Trump Tariff Warnings; IT Stocks Fall Ahead of Q1 Results

Stock Market Today: The Indian stock market opened flat on Wednesday as Nifty 50 opened 7.9 points down at 25514.6, whereas Sensex opened 86.62 points lower at 83625.90 amid a looming threat related to the US President Donald Trump's tariff. However, the US government has kept the window open for negotiations till August 1.

The investors are also closely observing developments around India-US mini trade deal. The stock market's lukewarm opening was attributed to pressure on IT companies like HCL Tech, Wipro, Tata Steel, etc, ahead of the beginning of company results season thos week. Most of the pharma sector stocks, including Apollo Hospitals, Aurobindo Pharma, etc, were trading in green. Most of the IT sector stocks remained under pressure ahead of their quarterly result.

Earlier, Gift Nifty had indicated a lukewarm start to the Indian stock market on Wednesday as it was down around 0.03% at 8:50 am. On Tuesday, Nifty and Sensex made some recovery and ended on a positive note with Nifty Financials, Realty Estate, and big heavyweights supporting their movement. Nifty and Sensex ended in green on Tuesday amid positive sentiment about India-US trade deal.

Top Gainers, Losers

Asian Paints, Hindustan Unilever, Shriram Finance, Jio Finance, Cipla, Eternal, Maruti, etc were among the top gainers during the early hours of market opening. Whereas, HCL Tech, ICICI Bank, Tata Steel, Wipro, L&T, Infosys, HDFC Life, etc were among the top laggards.

Stock Market Recap

"Markets remained subdued through most of the session but saw a late recovery amid reports that the long-awaited mini trade deal between India and the US may be announced today. Textile stocks rose after the US imposed a 35% tariff on Bangladesh, boosting expectations of incremental export orders for Indian players. AMC stocks gained after SEBI proposed easing norms around mutual fund operations, allowing management of non-broad-based pooled funds without a PMS licence under stricter oversight," explained Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services.

Global Stock Market Today

The US stock markets underperformed on Tuesday as stock market investors were keenly evaluating the updates announced by Donald Trump on US tariffs. Dow Jones Industrial Average closed 0.37% lower at 44.240.76 points, whereas New York Composite Index closed 0.02% lower at 20541.96 points. S&P 500 was down 6,225.52 points.

Asian stock markets gave mixed signals during the early hours of trading. Japan's Nikkei 225 was trading 0.03% lower at 39,677.42 points. Whereas, Hang Seng Index continued its downward trajectory and was trading 0.80% lower at 23,955.77 points.

Stock Market Outlook For Today

The stock market is expected to remain optimistic in the near term, supported by hopes of a trade breakthrough and the upcoming earnings session, according to to Siddhartha Khemka.

"The market remains in a zone of elevated uncertainty, both on the global trade front and regulatory landscape. Traders should adopt a buy-on-dips strategy but maintain tight stop losses to manage risk. Fresh long positions can be considered only if Nifty sustains above 25,600, with a watchful eye on sector rotation and global headlines.

With the broader market tone turning cautiously optimistic, near-term movements may hinge on the trade pact announcement and clarity on regulatory changes. Volatility may stay elevated, warranting disciplined risk management," said Gaurav Garg, Lemonn Markets Desk.

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