Markets Anxious Ahead Of Trump's Tariff Deadline, Benchmarks Sensex, Nifty End Nearly Flat

Weak cues from Asian markets and persistent foreign fund outflows also contributed to the subdued start on Monday, according to market analysts.

In the pre-open session, the Sensex plunged close to 500 points and dipped below 82,950, while the Nifty tanked 250 points and tested 25,200.

Source : ABPLIVE AI

The Indian stock markets witnessed a very volatile trading session on Monday. After taking a plunge in the opening hour, the indices managed to pare their losses but continued to trade in red.

Both benchmark indices ended today's session almost flat, with nominal movements. As such, the BSE Sensex settled trading at 83,442.50, inching up 9.61 points, while the NSE Nifty50 closed the session almost flat at 25,461.30.

On the 30-share Sensex, HUL, Kotak Bank, ITC, Asian Paints, and Reliance ended the day among gainers. Meanwhile, the laggards were driven by BEL, Tech M, UltraTech Cement, HCL Tech, and Maruti.

In the broader markets, the Nifty Microcap250 dominated in red and tanked 0.47 per cent. Sectorally, the Midsmall IT & Telecom and Media indices drove the losses and plunged 1.07 per cent and 1.03 per cent respectively. On the other hand, the FMCG index stood out with gains of 1.68 per cent.

Trump's Tariff Deadline Nears

During the opening bell, both Sensex and Nifty began in red as investor sentiment turned cautious ahead of the July 9 US tariff deadline. Weak cues from Asian markets and persistent foreign fund outflows also contributed to the subdued start, according to market analysts. In the pre-open session, the Sensex plunged close to 500 points and dipped below 82,950, while the Nifty tanked 250 points and tested 25,200.

However, US President Donald Trump announced that while he will be revealing the tariff rates for countries by Wednesday this week, the new rates will be applicable only from August 1, 2025. This measure is expected to provide some relief to countries and give them some room to negotiate further with the American administration.

Foreign Institutional Investors (FIIs) continued their selling trend, and pulled out Rs 760.11 crore from Indian equities on Friday, as per exchange data. The global oil benchmark Brent crude climbed 0.29 per cent to touch $68.50 a barrel.

In the last trading session, the Sensex settled above 83,400, gaining close to 200 points, while the Nifty closed trading above 24,450, inching up over 50 points.