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Closing Bell: Sensex Below 82,300, Nifty Ends 62 points Lower At 25,087; Siemens Energy, Jio Fin Top Drags

The selling pressure in Indian stocks extended sharply, with Sensex falling by over 400 points and Nifty 50 struggling to retain the 25,000 mark. IT stocks are the biggest contributor to the bearish trend. TCS, HCL Tech, Infosys and Tech Mahindra are top bears, falling by 1.5% to 2%.

Indian stock market benchmarks, the BSE Sensex and Nifty 50, are expected to open on a lower note. BSE Sensex closed at 82,500.47, down 689.81 points or 0.83 per cent, while the Nifty50 index ended at 25,149.85, down 205.40 points or 0.81 per cent on Friday.

The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 25,185 level, with a fall of 47 points or 0.19% at 8 AM.

Losses in Wall Street futures caused Asian stock markets to fall on Monday, as new threats in the ongoing US trade disputes made investors nervous. However, the impact was somewhat reduced by hopes that President Donald Trump's comments were mostly just tough talk.

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On Saturday, Trump announced plans to place a 30% tariff on most goods coming from the European Union and Mexico starting August 1, even though both sides are still involved in lengthy talks.

Looking ahead, all eyes will be on the earnings season, with several major companies set to announce their results. These include HCL Tech, Tech Mahindra, Axis Bank, ICICI Bank, Wipro, JSW Steel, L\&T Finance, and HDFC Bank, among others.

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