Stock Market Alert: Sensex Flat Ahead of Trump August 1 Deadline; Midcap Stocks Shine; Will Nifty Reclaim 25K?

Stock Market Alert: Nifty and Sensex started Friday's trading session on a flat note as investors continue to anticipate the repercussions of US President Donald Trump's trade tariffs, set to come into effect from August 1. Nifty 50 opened 33 points lower at 24,734 points, Band SE Sensex started Friday's trading session 111 points lower at Rs 81,074 points.

The Indian stock market's dull opening came after the United States stock market concluded in the red a day ago. Meanwhile, all the Asian stock market peers continued to underperform amid tensions around Trump tariffs during Friday's trading session.

Stock Market Opening

Nifty 50 and BSE Sensex opened flat after declining significantly on Thursday. Nifty Bank remained under pressure and opened with a loss of 16 points. Nifty Midcap indices emerged as an exception as the index continued to stay in green despite the overall negative sentiment prevailing across Nifty. However, midcap stocks gave up their early trading session gains and entered into the negative territory in first 15 minutes of stock market opening.

Nifty Auto, Financial Services, IT, Media, Metal, Pharma, PSU Bank, Private Bank, Realty, etc were among the top sectoral indices trading in red during the August 1 trading session. Nifty Media and Nifty FMCG were among the only exceptions in thematic indices which were trading in green.

Stock Market Today: Top Gainers, Top Losers

Eicher Motors, Hindustan Unilever, Nestle India, Maruti Suzuki, Tata Consumer, Asian Paints, Coal India, etc were among the top gainers on Nifty 50. Whereas, Sun Pharma, Mahindra & Mahindra, Cipla, Tata Motors, Tata Steel, JSW Steel, Dr Reddy's, Infosys, Power Grid, were among the top laggards on Nifty.

Stock Market Today: Will Nifty 50 Regain 25,500 Mark Today?

Given the current scenario and weak investors sentiment, it is unlikely for Nifty 50 to conclude at 25,500 on 1 August. The Nifty 50 technical outlook also indicates similar trend, according to Nirmal Bang report.

"Nifty is expected to open on a gap down note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate support at 24640. If Nifty closes below that, further downside can be expected towards 24570-24500 mark. On the flip side 24840-24900 will act as strong resistance levels," noted the brokerage in its report.

Recap of the Stock Market On Thursday

The Indian stock market indices continued to remain under pressure on Thursday and closed in the red. Sensex closed 296 points lower at 81,185 points, whereas Nifty 50 closed 86.7 points lower at 24,768 points. The decline in the US stock market came as a reaction to Donald Trump's 25% tariffs on Indian imports. These tariffs are set to come into effect from 1 August.

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