US President Donald Trump on Monday said that he will be substantially increasing tariffs on India for purchasing Russian oil and selling it in the open market to reap “big profit”.
India’s Ministry of External Affairs, in response to queries, said in a media briefing last week that New Delhi and Moscow have a “steady and time-tested partnership”.
Trump to raise India tariffs ‘Substantially’ for buying Russian oil- Daily Market Update 5th Aug 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled higher in range 1.34% to 1.95%.
- European equity markets also ended higher in range 0.50% to 1.40%.
- Majority of Asian equity markets are trading with a positive bias.
- GIFT Nifty is little changed, Nifty futures likely to open around 24750 levels.
Benchmark Nifty index ended higher at 24723 spot levels after adding 157 points to its previous closing values.
Broader markets outperformed the benchmark as Mid and Small cap indices gained 1.40% & 1.27% respectively.
All sectoral indices, barring FMCG, Banking and Finance, ended in green. Amongst them, Metal index was the top gainer, rose 2.48% followed by IT, Media, Auto & Realty index that rose over 1.5% each.
Nifty index seems to form a base around its 100 DEMA however sustenance above 25000 spot levels hold the key for any sustainable up move. Hence, we reiterate our sell on rise trading view till we are trading below 25000 spot levels on closing basis.
Derivatives Overview & Outlook
Yesterday, Nifty and Midcpnifty futures rose on short covering as open interest shed by 2% & 4.2% respectively, on the other hand, Banknifty and Finnifty futures added 5.5% and 3.5% of open interest respectively without any significant change in the prices.
All F&O sectors settled on a positive note. Amongst them, Cement stocks witnessed maximum addition of long positions along with some short covering in Chemical and Textile stocks.
On the option front, put writing along with call unwinding was seen at multiple strikes. Maximum positions are at 25000 CE followed by 26000 CE and 23500 PE followed by 24000 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 2567 Cr in the cash segment, sold index futures worth Rs 3821 Cr also sold stocks futures worth Rs 1836 Cr. DIIs were net buyers in the cash segment to the tune of Rs 4386 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24900-25000; Supports 24700-24600
Banknifty – Resistances 56200-56500; Supports 55600-55300
Finnifty – Resistances 26700- 26820; Supports 26500-26400
F&O Security in Ban Today: PNBHOUSING FINANCE
IMPORTANT RESULTS TODAY: ADANIPORTS, BERGEPAINT, BHARTIARTL, BRITANNIA, LUPIN, NCC, TORNTPOWER, VAIBHAVGBL.
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.
AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited, Lakshya Impex Private Limited and Launchpad Fintech Private Limited are associates of GCML.
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