Sensex and Nifty News: Benchmarks Tumble Amid U.S. Tariff Warning

Market Performance

Domestic equity markets opened on a negative note on August 5, reacting to fresh tariff threats from U.S. President Donald Trump. The Sensex dropped by 435.93 points or 0.54%, settling at 80,582.79, while the Nifty fell 123.75 points or 0.50%, closing at 24,599.00.

• Advances: 1,477 stocks
• Declines: 1,672 stocks
• Unchanged: 145 stocks

The broader markets reflected deeper pressure:

• Nifty Midcap 100: down 0.70%
• Nifty Smallcap 100: down 0.38%

The India VIX rose by 1.5%, reaching 12.15, indicating rising volatility.

Main News

The slide in Indian markets followed Trump’s warning of a “substantial” hike in tariffs on Indian goods. The concern stems from India's continued purchase of Russian oil, triggering worries of worsening trade relations between India and the U.S.

This geopolitical tension added uncertainty to market sentiment, with investors cautious amid looming global trade concerns.

Sector-Wise Performance

Sectoral indices showed mixed trends:

Top Gainers:

• Nifty Energy: +0.21%
• PSU Bank: +0.13%
• Realty: +0.12%

Top Losers:

• Nifty Oil & Gas: -1.29%
• Nifty IT: -0.93%
• Other sectors including Auto, Bank, FMCG, Infra, and Pharma witnessed modest declines.

Company Highlights

IndusInd Bank

IndusInd Bank stood out in an otherwise weak market, with its stock climbing over 5%. This came after the RBI approved Rajiv Anand as the new MD & CEO. His appointment brought optimism due to his experience in retail & wholesale banking, digital transformation, and capital markets.

Marico

Shares of Marico dipped by over 1% after releasing Q1 FY26 results:

• Net Profit: ₹513 crore (up 8.2% YoY)
• Revenue: ₹3,259 crore (up 23.3% YoY)

Growth was broad-based across its product segments, but the market reaction remained subdued.

Sona BLW Precision Forgings

The stock rose more than 2% despite weaker earnings:

• Net Profit: ₹124.7 crore (down 12.2% YoY)
• Revenue: ₹854 crore (down 4.2% YoY)

The rise in stock price indicated investor focus on long-term business fundamentals.

Summary of the Article

On August 5, the Sensex and Nifty witnessed significant drops due to renewed global tensions after U.S. President Trump threatened higher tariffs on Indian exports. While most sectors ended in red, select counters like IndusInd Bank and Sona BLW managed to defy the trend. The broader markets also showed weakness, and volatility edged higher.

Investors are closely watching the evolving India-U.S. trade dynamics, as the outcome could influence future market direction. For now, caution prevails as geopolitical uncertainty continues to weigh on sentiment.