Indian Stock Market: 10 Key Things that Changed for Market Overnight

Gift Nifty was trading at a heavy discount of nearly 146 points from the Nifty futures’ previous close, indicating a gap-down start for the Indian stock market

New Delhi August-1, 2025: The Indian market indices, Sensex and Nifty 50, are expected to open lower on Friday, following weak global market cues after US President Donald Trump slapped several countries with steep tariffs.

In early trade today, Asian markets declined, while the US stock market ended lower overnight.

On Thursday, the Indian stock market ended lower amid high volatility, The Sensex closed at 81,185.58, with a decline of 296.28 points while the Nifty stellated at 24, 768.36 points that amounts to a cut of 86.70 points or. 0.35% .

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Asian Markets

Japan fell 0.4%, bringing the total loss this week to 1.5%. Japan’s Nikkei 225 fell 0.71%, while the Topix index was flat.

South Korea’s Kospi index plunged 3.45%, while the Kosdaq declined by 2%. Hong Kong’s Hang Seng index futures indicated a weaker opening.

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Gift Nifty Today

Gift Nifty was trading around 24,725 level, a discount of nearly 146 points from the Nifty futures’ previous close, indicating a gap-down start for the Indian stock market indices.

Wall Street

US stock market ended lower on Thursday following the latest round of corporate earnings and economic data.

The Dow Jones Industrial Average dropped 330.30 points, or 0.74%, to 44,130.98, while the S&P 500 fell 23.51 points, or 0.37%, to 6,339.39.

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The Nasdaq Composite closed 7.23 points, or 0.03%, lower at 21,122.45. For the month, the S&P 500 gained 2.17%, the Nasdaq rose 3.7%, and the Dow climbed 0.08%.

Microsoft share price rallied 3.5%, Meta Platforms shares surged 11.3% to close at a record high, while Broadcom stock declined 2.9% and Nvidia stock price fell 0.78%.

In extended trade, Apple share price was up 2.4%% while Amazon shares shed 2.6%.

Trump Tariffs

US President Donald Trump signed a sweeping executive order on Thursday imposing reciprocal tariffs ranging from 10% to 41% on American imports. These include a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland.

US Inflation

US inflation increased in June as tariffs boosted prices for imported goods. The personal consumption expenditures (PCE) price index rose 0.3% last month after an upwardly revised 0.2% gain in May. In the 12 months through June, the PCE price index advanced 2.6% after increasing 2.4% in May.

US Jobless Claims

The number of Americans filing new applications for unemployment benefits increased marginally last week. Initial claims for state unemployment benefits rose 1,000 to a seasonally adjusted 218,000 for the week ended July 26

Apple Q3 Results

Apple reported $94.04 billion in revenue for its fiscal third quarter ended on June 28, up nearly 10% from a year earlier and beating analyst expectations of $89.54 billion, according to LSEG data, Reuters reported. Its earnings per share of $1.57 topped expectations for $1.43 per share. Sales of iPhones were up 13.5% to $44.58 billion, beating analyst expectations of $40.22 billion.

Japan Manufacturing PMI

Japan’s manufacturing activity shrank in July after briefly stabilising in the previous month. The S&P Global Japan manufacturing purchasing managers’ index (PMI) fell to 48.9 in July from 50.1 in June, dropping below the 50.0 threshold that separates growth from contraction.

Crude Oil Prices

Brent crude futures rose 0.06% to $71.74 a barrel, while US West Texas Intermediate crude rose 0.01% to $69.27.

US Dollar

The dollar headed for its best week in almost three years against its major peers. The US dollar index was trading at 100.10 overnight.