Indian Market Opens Lower Amid Tariff Pressures

By Mandar in Indian Market Insights —

Market Outlook for Friday, August 8, 2025

The Indian stock market is anticipated to open with a muted or downward trend on Friday, August 8, 2025. This cautious outlook stems from international uncertainties and tariff increases.

  • The GIFT Nifty was trading around 24,653, signaling a negative sentiment.
  • This reflects investors' concerns about changes in global trade dynamics.

Market Performance on the Previous Day

Despite initial losses, the market showed signs of recovery in the previous trading session.

  • The Sensex closed at 80,623.26, up 0.10%.
  • The Nifty closed at 24,596.15, up 0.09%.
  • The recovery followed US President Donald Trump's decision to double tariffs on Indian goods to 50%.
  • This move particularly impacted sectors dealing with Russian oil imports and semiconductors.
  • Strong buying interest was observed near the 24,500 support level on the Nifty.

Sector-Specific Performance and Key Announcements

  • Positive Earnings Reports:
    • Titan Company: Profit increased by 52.6% and revenue grew by 24.6%.
    • Life Insurance Corporation: Profit increased by 3.9% and net premiums rose by 4.7%.
  • Dividend Announcement:
    • ABB India: Announced an interim dividend of ?9.77 per share, with August 8 as the ex-date, potentially attracting investor interest in the industrial sector.
  • Upcoming Results:
    • Results from major firms like State Bank of India, Tata Motors, and Siemens are scheduled for release today.

Technical analysis points to specific levels and potential movements.

  • Bank Nifty is trading near the critical support level of 55,000.
  • A break below this level could lead to further decline towards 54,470 or lower.
  • Resistance levels are between 56,000 and 56,400.
  • Momentum indicators suggest a sideways to slightly bearish trend in the short term.
  • Historically, August has shown a tendency for negative market performance.

Outlook and Recommendations for Investors

Investors should carefully consider these factors:

  • Global economic indicators.
  • Key technical levels.
  • The impact of tariff pressures.
  • The underlying strength of specific sectors and individual stocks.