Indian stock markets witnessed a sharp decline on August 7, as global cues turned negative after US President Donald Trump announced a 25% increase in tariffs on Indian exports, particularly in response to India’s continued import of Russian oil. This fresh move led to a wave of profit-booking and weak investor sentiment, dragging down both Sensex and Nifty.<\/p>\n
At 11:05 AM, the Sensex was down 510.52 points (0.63%) at 80,033.47, while the Nifty dropped 166.25 points (0.68%) to trade at 24,407.95. The broader market also reflected the pressure, with 1,152 shares advancing and 2,173 declining, showing widespread market weakness.<\/p>\n
One of the primary reasons behind today\u2019s market fall was the announcement by former US President Donald Trump, doubling the tariff on Indian goods to 50%. The move has been seen as retaliation for India\u2019s continued oil trade with Russia.<\/p>\n
\nIndia sharply criticized the move, calling it “unfair, unjustified, and unreasonable.”<\/p>\n<\/blockquote>\n
Export-driven sectors such as textiles, marine, and leather are likely to feel the heat of the tariff hike, raising concerns over earnings and outlook for companies within these industries.<\/p>\n
Among the major losers in today\u2019s trade were Adani Ports, Tata Motors, Kotak Mahindra Bank, Tata Steel, and NTPC, all reflecting the market’s nervousness.<\/p>\n
Also Read: DLF Commits \u20b910,000 Crore Capex to Fuel Rental Business Growth<\/a><\/p>\n
Rising Crude Oil Prices Add to Pressure<\/h2>\n
Adding to the market jitters was a rise in global crude oil prices. Brent crude gained 1% to reach $67.56 per barrel, raising fears of a higher import bill and renewed inflationary pressure in India. Rising oil prices often lead to macroeconomic concerns, especially for a net oil importer like India, affecting market sentiment further.<\/p>\n
Technical View: Caution Ahead<\/h2>\n
According to Anand James, Chief Market Strategist at Geojit Financial Services, the market is displaying signs of bearish momentum.<\/p>\n
\n\u201cThe formation of lower highs indicates continued bearish dominance. Downside momentum could persist with targets around 24,080\u201323,560. However, a push above 24,590\u201324,670 would be needed for any confirmed recovery,\u201d he said.<\/p>\n<\/blockquote>\n
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Indian stock markets witnessed a sharp decline on August 7, as global cues turned negative after US President Donald Trump announced a 25% increase in tariffs on Indian exports, particularly in response to India’s continued import of Russian oil. This fresh move led to a wave of profit-booking and weak investor sentiment, dragging down both […]<\/p>\n","protected":false},"author":7,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1384],"class_list":{"0":"post-13243","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1384,"user_id":7,"is_guest":0,"slug":"jitesh-kanwariya","display_name":"Jitesh Kanwariya","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/13243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=13243"}],"version-history":[{"count":3,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/13243\/revisions"}],"predecessor-version":[{"id":13280,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/13243\/revisions\/13280"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/13244"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=13243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=13243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=13243"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=13243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}