Stock Market Today Live Updates: Closing Bell | Nifty Crashes Below 24,600, Sensex Loses 586 Points; Pharma Sectore Bears Roar Loud

On August 1, Indian markets ended on a weak note with the Nifty slipping below 24,600. The Sensex dropped 585.67 points, or 0.72%, closing at 80,599.91, while the Nifty fell 203 points, or 0.82%, to 24,565.35. More shares declined (2,582) than advanced (1,264), signaling broad selling pressure.

Pharma stocks like Sun Pharma, Dr Reddy’s Labs, and Cipla were among the biggest losers. Other major decliners included Adani Enterprises and Tata Steel. On the upside, companies like Trent, Asian Paints, Hero MotoCorp, HUL, and Nestle showed gains.

Almost all sectors closed in the red except FMCG. Auto, realty, pharma, IT, metals, oil & gas, PSU banks, and telecom stocks fell between 0.5% and 2%. Midcap and smallcap indices also faced losses of 1.3% and 1.6%, respectively.

India-US Export Snapshot:

• India exports about Dollar 85 billion worth of goods to the US.
• Around Dollar 40 billion worth will face tariffs due to Section 232 exemptions.
• Pharmaceuticals, electronics, and energy products remain tariff-exempt.
• Sensitive areas in negotiations include animal feed for US dairy, dairy products, and agriculture.

Are you an exporter or business owner impacted by these changes? How will these tariffs affect your plans? Keeping track of exemptions could help you navigate this evolving trade landscape.

Read More: U.S. Imposes 25% Tariff On All Indian Goods From August 7, 2025- Pharma, Electronics Hit Hard, No Exception!

• Nifty Bank down 0.6%
• Top losers (intra-day):
  • Federal Bank: ₹196.28, down 3.04%, volume 9.11 million
  • PNB: ₹103.07, down 2.19%, volume 14.16 million
  • IndusInd Bank: ₹782.60, down 2.04%, volume 4.33 million
  • IDFC First Bank: ₹67.51, down 1.82%, volume 12.55 million
  • Bank of Baroda: ₹234.64, down 1.36%, volume 4.46 million
  • Canara Bank: ₹105.81, down 1.34%, volume 12.26 million
  • ICICI Bank: ₹1,470.80, down 0.72%, volume 3.81 million
  • Axis Bank: ₹1,060.90, down 0.7%, volume 5.05 million
  • SBI: ₹792.95, down 0.45%, volume 12.42 million
  • HDFC Bank: ₹2,011.90, down 0.31%, volume 4.96 million
  • AU Small Finance Bank: ₹739.45, down 0.28%, volume 2.15 million

The Nifty index extended its losses on Thursday, dropping over 200 points to break below Tuesday’s low of 24,598. Market sentiment remained weak as investors reacted to mixed global cues and ongoing concerns about inflation and interest rate hikes. The broader market saw selling pressure across key sectors, including banking, IT, and auto stocks. Traders remained cautious ahead of upcoming corporate earnings and key economic data releases. The Nifty’s fall below 24,598 raises concerns of further downside, with analysts watching closely for support levels. Investors are advised to monitor market trends carefully as volatility persists.

The stock market faced a sharp decline as the Sensex fell over 350 points, reflecting a cautious investor mood. The Nifty hovered just below the 24,700 mark, showing signs of weakness amid global economic concerns and mixed domestic cues. Selling pressure intensified in sectors like banking, IT, and energy, dragging the indices down. Traders remain watchful as uncertainties around inflation and international trade tensions weigh on market sentiment. Investors are advised to stay alert and monitor key support levels in the coming sessions to navigate this volatile phase effectively.

Indian markets extended losses on Friday as global trade concerns and weak sectoral cues dragged key indices lower. The Sensex dropped over 250 points, while the Nifty dipped below the crucial 24,700 mark in early trade. Major drags included IT, oil & gas, and pharma stocks, reflecting broader investor caution. Persistent foreign fund outflows and global tariff worries weighed on sentiment, with traders avoiding risk-heavy bets. Meanwhile, FMCG and select auto stocks provided some cushion. As volatility continues, market participants are closely tracking earnings and international developments to assess near-term direction. Stay nimble and watch key support levels.

Get ready for an important day in the markets! Several major companies, including ITC, Adani Power, Tata Power, and UPL, will be announcing their quarterly results today. Other big names like LIC Housing Finance, Delhivery, GlaxoSmithKline Pharmaceuticals, Godrej Properties, and Graphite India are also set to share their earnings. Additionally, firms like JK Lakshmi Cement, Jupiter Life Line Hospitals, and Narayana Hrudayalaya will reveal their performance. Keep an eye on these results—they could impact market moves and create trading opportunities. 

The Indian rupee opened flat at 87.60 against the US dollar amid global trade tensions. Despite market volatility, the steady currency offers some relief. Investors remain cautious, watching developments closely as currency movements impact market sentiment and business activities throughout the trading day.

The Indian stock market opened in the red this morning, with the Sensex down 142 points at 81,043.42 and the Nifty slipping 36 points to 24,731.60. Investors are reacting to heightened global trade tensions after U.S. President Donald Trump’s newly announced tariffs, including a hefty 25% on Indian goods. The mood is cautious, and fears of trade disruptions and rising input costs are expected to weigh on the market today. Are you staying defensive or looking for buying opportunities on dips? Keep an eye on global cues and sector-specific updates as the session unfolds — volatility may be here to stay.

Asian markets are sliding again amid renewed tariff worries. South Korea’s Kospi leads the downturn, dropping 2%, while US futures are down 0.1-0.3%. India faces the highest tariff in the Asian region at 25%, though Bangladesh’s tariff has been lowered to 20%. Meanwhile, the dollar index has surged nearly 2.5% this week, with the DXY flirting with the 100 mark. How are you positioning yourself amid this tariff chaos? Are you preparing for more volatility or spotting buying opportunities? The week’s end looks set for a bumpy ride—stay alert!

US President Donald Trump signed an executive order imposing new tariffs on imports from 68 countries, including India, effective August 7. Tariff rates range from 10% to 41%, as part of Trump’s “reciprocal” trade strategy aimed at addressing trade imbalances but causing tensions with longtime allies like India. The tariffs’ implementation was delayed to August 7 to give customs and border agencies sufficient time to prepare for the changes. The order covers the 27-member European Union, with unspecified countries facing a default 10% tariff. Officials say the delay is procedural, ensuring effective rollout of the new tariff system.

Read More: Full List: Donald Trump Announces Tariffs On Dozens Of Countries Including India, Effective From August 7

In July, the Nifty index declined by 3%, but the crucial 24,600 support level held firm amid monthly expiry activities. Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth ₹5,588.91 crore, while Domestic Institutional Investors (DIIs) stepped in as net buyers, purchasing ₹6,372.71 crore in equities. This tug of war between FIIs and DIIs created mixed market sentiments. Despite the overall dip, key support levels and active buying by DIIs helped stabilize the market as investors navigated through earnings season and expiry-related volatility. Traders remain cautious as August unfolds. 

• TVS Motor Company: Profit up 32%, record quarterly sales.
• Maruti Suzuki India: Q1FY26 profit up slightly; revenue rose 10%.
• Swiggy: Loss widened but revenue jumped 52% in Q1FY26.
• Deepak Nitrite: Subsidiary issued ₹50 crore convertible preference shares.

Read More: Stocks To Watch Today: Tata Motors, JSW Energy, Swiggy, Coal India And Others In Focus, Check Out The List

U.S. stocks ended lower on Thursday as initial enthusiasm waned amid mixed corporate earnings and economic data. Investors are now focused on upcoming earnings reports from tech giants Amazon and Apple, scheduled after the closing bell.

Microsoft shares surged 3.5% following a strong earnings beat, briefly pushing its market capitalization past the $4 trillion mark — only the second company to achieve this milestone after Nvidia.

The Dow Jones fell 330.30 points (0.74%) to 44,130.98, the S&P 500 dropped 23.51 points (0.37%) to 6,339.39, and the Nasdaq Composite slipped 7.23 points (0.03%) to 21,122.45. Market participants remain cautious as they await key earnings that could set the tone for the next trading sessions.

Trump’s Tariff Exemptions Hold

The White House confirmed on August 1 that all previously announced tariff exemptions under Executive Order 14257, issued on April 2, 2025, will remain in effect. This executive order had outlined exemptions for a wide range of critical imports including copper, pharmaceuticals, lumber, critical minerals, automotive and auto components, steel, and aluminium. While these products are exempt from reciprocal tariffs, they may still be subject to sector-specific tariffs, depending on trade policy developments.

The clarification has eased some concerns in global markets, particularly for exporters in these sectors. However, uncertainty remains around how future U.S. trade actions might impact sectoral tariffs. Indian markets are watching these developments closely, as several domestic companies have exposure to affected sectors, especially in metals, auto parts, and pharma. Investors are advised to monitor global cues and tariff-related updates, which could influence near-term market sentiment and sector performance.

As of 8:20 AM, trends on the GIFT Nifty suggest a negative opening for Indian markets. The index was trading down by 89 points, or 0.16 percent, indicating cautious sentiment ahead of the trading session. Nifty futures hovered around the 24,768.35 mark, reflecting lingering concerns from global cues and recent market volatility. Investors are likely to watch sector movements and institutional flows closely as the day unfolds. With July ending on a weak note, market participants may remain cautious heading into August. 

Thursday Market Wrap

Markets ended lower on Thursday, with the Nifty 50 closing below 24,800 despite a brief mid-day recovery. Monthly expiry pressures and concerns over Trump’s tariff stance weighed on sentiment. The Sensex fell 296 points to 81,185.58, while the Nifty declined 86.70 points to 24,768.35. Both indices lost nearly 3% in July.

Mid and Smallcaps underperformed, shedding 0.7% each. FMCG was the only gainer, up 1.4%, while sectors like IT, metals, pharma, and realty saw declines.

Gainers included HUL, Jio Financial, and JSW Steel.