Muted Start Likely; Trump Tariffs Weigh on Sentiment

  Published 8 months ago

GIFT Nifty hints at flat open, while Trump’s 25% India tariff rattles trade outlook; global cues mixed, Fed holds rates.

  • Trump slaps 25% tariff on Indian goods from Aug 1, citing unfair trade and Russia ties; India says it’s reviewing.
  • FPIs sold Rs 850 crore on July 29; DIIs absorbed the pressure, buying Rs 1,829 crore in Indian equities.
  • Asian stocks weak on China data, copper slump; Fed keeps rates steady, dashes hopes of a September rate cut.
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