Stock Market Today LIVE Updates: The Indian stock market is expected to open sharply lower on Thursday, 31 July 2025, after the US President Donald Trump announced a 25% tariff on Indian goods. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark indices, Sensex and Nifty 50. The Gift Nifty was trading around 24,685 level, a discount of nearly 184 points from the Nifty futures’ previous close.
The US tariffs on Indian goods will be effective from August 1. Trump also announced an additional “penalty” for India’s continued energy and defense ties with Russia. Trump’s tariffs are likely to negatively impact several sectors of the Indian economy, including textile, auto components, leather goods, gems and jewellery, and certain food exports.
Meanwhile, global market cues remained mixed as Asian markets traded mixed and the US stock market ended mostly lower after the US Federal Reserve policy. The US Fed kept the interest rates unchanged in the 4.25% to 4.5% range for the fifth consecutive time and Chair Jerome Powell’s comments undercut confidence that borrowing costs would begin to fall in September. Investors will also focus on the Q1 results today.
Stay tuned to our Stock Market Live Blog for the latest updates.
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