Last Updated:July 08, 2025, 08:48 IST
Indian stock markets are likely to open slightly lower on Tuesday, tracking a mixed global trend
Sensex Today
Sensex Today: Indian stock markets are likely to open slightly lower on Tuesday, tracking a mixed global trend following US President Donald Trump’s announcement of new tariff rates on several countries. As of 7:10 AM, GIFT Nifty futures were trading 41 points down at the 25,498 level.
Trump Announces Tariffs on 14 Countries
On Monday night, President Trump revealed blanket tariff rates on exports from 14 nations. These are in addition to existing sector-specific duties and are scheduled to take effect from August 1.
Exports from Japan, South Korea, Malaysia, Kazakhstan, and Tunisia will be subject to 25% tariffs. Indonesia will face 32%, Bangladesh 35%, and Cambodia and Thailand will be hit with 36% tariffs each. Laos and Myanmar are set to face the steepest duties, with 40% tariffs on their exports to the US.
Beyond the Asia-Pacific region, South Africa and Bosnia will also be impacted, with 30% tariffs on their goods.
In letters posted to Truth Social, Trump stated that the US “may consider adjusting the new tariff levels depending on our relationship with your country.” He also warned that goods transshipped to evade higher tariffs will be taxed at the higher applicable rate.
Global Cues
Following the tariff announcement by Trump, the Dow Jones Industrial Average tumbled 0.94 per cent overnight, the S&P 500 fell 0.79 per cent, and the Nasdaq Composite lost 0.92 per cent.
US stock futures were also trading lower in Asian hours with Dow futures down by 0.15 per cent, and S&P 500 by 0.05 per cent.
Markets in the Asia-Pacific region were trading higher after a mixed open. Japan’s Nikkei 225 benchmark added 0.21 per cent, South Korea’s Kospi index increased by 1.13 per cent, Australia’s S&P/ASX 200 benchmark gained 0.21 per cent ahead of the Reserve Bank of Australia’s interest rate decision, and Hong Kong’s hang Seng rose 0.17 per cent.
Commodities Update
Gold prices ended flat after an initial dip of over 1%, pressured by a strong US dollar. However, safe-haven demand amid the tariff uncertainty helped prices recover. Spot gold was down just 0.1% at $3,332.62 an ounce. US gold futures settled marginally changed at $3,342.8.
Oil prices, despite OPEC+ agreeing to boost production more than expected for August, rebounded sharply. Brent crude fell to $67.22 during intraday trade but eventually closed up 1.87% at $69.58. US WTI crude climbed 1.39% to settle at $67.93, recovering from a low of $65.40.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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