Sign In
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
Mumbai: The BSE Sensex declined 308.47 points to settle at 80,710.25 on August 5, 2025, Tuesday. The broader NSE Nifty went down 73.20 points to end at 24,649.55. The benchmark indices were hit as selling was recorded in oil & gas and banking shares ahead of the Reserve Bank's monetary policy announcement on August 6.
The equity benchmark indices declined as selling was recorded in oil & gas shares and unabated foreign fund outflows. The investor sentiment was affected as US President Donald Trump announced to impose higher tariffs on India over its purchases of oil from Russia.
The laggards from the 30-share Sensex firms included, HDFC Bank, Infosys, ICICI Bank, Eternal, BEL, Power Grid, ITC, Sun Pharmaceutical, Adani Ports, and Reliance Industries.
The gainers included Tech Mahindra, State Bank of India, NTPC, Trent, Bharti Airtel, Bajaj Finance, L&T, HCL Technologies, Titan, and Maruti.
In a sigh of relief for the market investors, Domestic Institutional Investors (DIIs) outnumbered Foreign Institutional Investors (FIIs).While FIIs sold equities worth Rs 2,566.51 crore, DIIs purchased equities worth Rs 4,386.29 crore on 4th August.
VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said that if Trump imposes higher tariffs on India for buying Russian oil it will be a huge set back. The expert opined that tariffs could impact India’s GDP growth.
"The latest tweet from President Donald Trump that 'I will be substantially raising US tariffs on India' for buying Russian oil is a big threat. If he walks his talk, India-US relations will further strain, and the impact on India's exports to the US can be worse than thought earlier.
"India's GDP growth and corporate earnings in FY26 will also be impacted. The market, still trading at elevated valuations, has not discounted such an eventuality. It remains to be seen how things evolve. India's response, with facts, that 'Targeting India is unjustified and unreasonable' sends a message that India will not be making undue concessions and compromises," Vijayakumar said.
If the Trump administration imposed increased tariffs on India, the market will react negatively, he added.
Japan's Nikkei 225, Shanghai's SSE Composite, Hong Kong's Hang Seng, and South Korea's Kospi settled in Green. The US markets settled on a positive note on Monday. Global oil benchmark Brent crude dipped 0.33 per cent to USD 68.53 a barrel.
On August 4, 2025, the Sensex jumped 418.81 points to finish at 81,018.72, and the NSE Nifty gained 157.40 points to settle at 24,722.75.
(Disclaimer: (Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.))
