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Stock Market Live Updates: Nifty Struggles at 24,400, Sensex Down 440 Pts; Godfrey Philips, BHEL Top Losers
After US President Donald Trump smashed India with an additional 25% tariff over its consumption of Russian oil, raising the total tariff on Indian imports to 50%—one of the highest rates imposed by the US—with the major indices displaying a sharp drop, the Indian stock market started the day cautiously. This lackluster start underscores ongoing investor hesitancy in the face of persistent global economic worries, including developments surrounding US tariffs and the direction of the Federal Reserve's monetary policy. Internationally, Asian stock markets are performing in a mixed manner as of Thursday, August 7, 2025.
The Nikkei 225 is up 0.90%, and the TOPIX is also showing positive movement with a 0.88% gain. The Shanghai Composite is down 0.068%, and the CSI 300 is down 0.26%. Meanwhile, the Hang Seng Index is down 0.19%. The S&P/ASX 200 is doing better, down 0.18%, while the KOSPI is trading higher, up 0.45%. The impact of the tariff scenario on the overall economy, markets, and currency is still being felt on the domestic market front, even if the RBI maintained the status quo by holding policy rates steady. The neutral position is maintained. This is even though the FY26 CPI inflation rate was significantly revised downward from 3.7% to 3.1%. The 6.5% GDP projection for FY26 has been maintained.
Stock Market Live Updates: Sensex Plunges Over 500 Points, NIFTY Hits Fresh Intraday Low
In a sharp downturn on Thursday, the Sensex tumbled by as much as 565 points, sliding to an intraday low of 79,979, as market sentiment turned bearish. Meanwhile, the NIFTY50 also faced heavy selling pressure, touching an intraday low of 24,387.
Stock Market Live Updates: Rupee Futures Steady, Crude Oil Balanced as Markets Await Trump’s Talks With Russia-Ukraine Leaders
“The Rupee futures market is steady. So is crude oil, as supply shock fears were offset by higher stockpiles of crude/products. Let’s hope Trump’s meetings with R-U head of states, as early as next week, does bring about ceasefire. In any case the additional tariff is applicable after 21 days. Near-term sentiment worsens for risky assets,” as per the analyst's perspective on additional 25% US tariffs by trump affecting the Indian Markets by Mr. Jyoti Prakash, Managing Partner. Equity and PMS at AlphaaMoney.
Stock Market Live Updates: JSW Cement IPO Opens for Subscription
JSW Cement, a subsidiary of the JSW Group, launched its initial public offering (IPO) on Thursday, August 7. The IPO is priced in the range of Rs 139 to Rs 147 per share and will remain open for subscription until August 11.
Bank Nifty Prediction Today By Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking Private Limited
The Bank Nifty also experienced a volatile session amid the RBI policy announcement but managed to close slightly positive, gaining 50.90 points to end at 55,411.15. The index formed an Inside Bar candlestick on the daily chart, characterized by a small bullish body and wicks on both ends, indicating a tug-of-war between bulls and bears. Key support levels lie in the 55,200–55,000 zone, and a breakdown below this range could lead to further downside pressure. On the higher side, resistance is seen at 55,700, with a major hurdle at 56,000. A breakout above 56,000 may potentially revive bullish sentiment.
Nifty Outlook Today By Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking Private Limited
In the previous session, the Nifty index opened flat but faced selling pressure right from the start, remaining volatile throughout the day. It formed a bearish candlestick pattern with both upper and lower shadows on the daily chart, reflecting market indecision and profit booking at higher levels. Immediate support is placed at 24,500, with stronger support near 24,400—a breach below this zone could accelerate the downside. On the upside, resistance levels are observed at 24,700, 24,800, and 25,000. A decisive breakout above the 25,000 mark would be crucial to reverse the prevailing downtrend and attract fresh buying interest.
Nifty Prediction Today By Anand James, Chief Market Strategist, Geojit Investments Limited
Though recent lows have not been significantly lower, highs have systemically been lower, reflecting bears' dominance. While momentum doesn't favour a sharp drop, downsides could continue, aiming 24080-23560. Alternatively, ability to float above 24590 will encourage us to consider upside possibilities, though it would be prudent to look for a push above 24670 for recovery confirmation.
Stock Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments
The 21 day window for the additional 25 % tariff to take effect leaves room for negotiation and an eventual deal with the US. But there is huge uncertainty surrounding the trade policy and to what extent both nations will be willing to make compromises. President Trump, fresh from the successes he has extracted in deals with others including the EU, is unlikely to budge significantly from his unjustified stand. Unfortunately for India, the U.S. is bargaining from a position of strength. India’s response has been mature and measured. Market is unlikely to panic but weakness will continue in the near-term. Since uncertainty is high investors should be cautious in their approach. At least in the near-term, export-oriented sectors will remain weak. Domestic consumption themes like banking and financials, telecom, hotels, cement, capital goods and segments of automobiles will remain resilient.
Result Update: Britannia Industries (BRIT IN) | 1QFY26: Gradual volume recovery & benign RM to aid earnings improvement
“Britannia June-Q earnings print was operationally below expectations. Revenue growth was inline although construct was different vs. what we envisaged – Price/mix growth was higher while volume growth at 2% (lower vs. our est. of 3% & vs. 4Q levels) was a disappointment, considering most of the staples companies have seen sequential uptick in volumes in the quarter. Gross margin delivery was below est. as price hikes were not commensurate to input cost inflation, which along with higher staff cost resulted in c.5-6% miss on EBITDA/PAT. Management expects revenue momentum to sustain (although still more price/mix led as volume recovery will be gradual) which along with benign RM led margin improvement should aid overall earnings growth in our view (we are factoring c.12% earnings CAGR over FY25-28E). Our earnings estimates remain largely unchanged; pace of recovery in volume & GM will be key monitorable. We roll forward, maintain BUY with revised TP of INR 6,100 (50x Sep’27 EPS). Any sharp dips should be used as opportunity to add,” said Mehul Desai of JM Financial Institutional Securities Ltd.
Result Update: Bharti Airtel | Sharp net debt decline reflects huge FCF generation potential; maintain BUY
“India wireless EBITDA was 0.5-1% above JMFe/cons at INR 162.7bn (up 3.3% QoQ) on robust ARPU growth (up 2% QoQ to INR 250), but it was partly offset by lower net subscriber (subs) additions (1.2mn) and slightly lower 4G/5G subs additions (3.9mn). Further, strong traction continues in the home broadband business, led by FWA rollout, but the company lags Jio on subs addition. The management expects strong growth in the Enterprise business, having completed shedding of low-margin business. India capex (ex-Indus) moderated sharply to INR 54.5bn, led by the wireless business; consolidated net debt (ex-lease liability) declined by a sharp INR 130bn QoQ to INR 1,255bn reflecting the huge FCF generation potential. We maintain BUY on Bharti (revised TP of INR 2,240) as we believe the industry’s wireless ARPU will grow at 12-13% CAGR in the next 3-5 years given the consolidated industry structure, to ensure a ‘3+1’ player market and higher ARPU requirement for Jio not only to justify its significant 5G capex but also given its potential listing plans. Further, the potential 5G monetisation and FWA rollout provides significant upside risk over the long term. Moreover, there is huge FCF generation potential over the next 4-5 years with the next big jump in capex, mostly related to 6G, which is the most likely 2030-onwards story,” said Dayanand Mittal of JM Financial Institutional Securities Ltd.
Nifty Derivatives Highlights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The derivatives landscape continues to reflect a cautious stance, with call writers significantly outnumbering put writers. The 24,700 strike has seen aggressive call writing, with open interest swelling to 1.51 crore contracts—cementing it as a strong resistance zone. In contrast, the highest put open interest lies at the 24,500 strike, with 87.99 lakh contracts, reinforcing it as immediate support. Notably, put writers have started migrating to lower strikes, hinting at eroding bullish confidence. Concurrently, the surge in call writing at higher levels indicates consistent supply pressure. The Put-Call Ratio (PCR) has sharply declined from 0.72 to 0.60, highlighting growing bearish sentiment and a clear dominance of call sellers.
Nifty Outlook Today By Motilal Oswal
Nifty index opened negative and slipped for most part of the day. It tried to show some recovery towards mid-day but later breached its previous day’s lower levels and closed in minor losses. Even though support based buying was intact, sellers remained firmly in control. It formed a bearish candle on daily frame and has been making lower highs from the last four sessions. Now if it holds below 24600 zones, then weakness could be seen towards 24442 then 24350 zones while hurdles have shifted lower to 24700 and 24800 zones.
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