Indian benchmark indices, Sensex and Nifty, are likely to open on a negative note today, tracking weak cues from GIFT Nifty, which was trading around 24,555 in early trade.

Sentiment remains subdued following the announcement by US President Donald Trump of an additional 25% tariff on Indian exports to the US, citing India's continued import of Russian crude oil. This move raises the total tariff burden on Indian goods to 50%, significantly affecting the country’s export competitiveness compared to other global players, including China. In response, India has strongly criticized the decision, calling it "unfair, unjustified, and unreasonable."

On August 6, markets ended lower for the second straight session amid volatility, after the Reserve Bank of India (RBI) kept key interest rates unchanged and maintained a ‘neutral’ policy stance, in line with expectations.

On Wednesday, the 30-share benchmark index ended at 80543.99 down by -166.26 points or by -0.21 % and then NSE Nifty was at 24574.2 down by -75.35 points or by -0.31 %.

On the global front, Markets in the Asia-Pacific region traded mixed after Trump vowed to impose a 100 per cent tariff on semiconductor and chip imports, though companies manufacturing within the US would be exempt. Japan’s Nikkei 225 and Australia’s S&P/ASX 200 were flat, while South Korea’s Kospi index dropped by 0.12 per cent.

Overnight in the US, Wall Street’s major indices closed higher, boosted by strong corporate earnings, with US yields also rising. The tech-heavy Nasdaq Composite surged by 1.21 per cent, the broader S&P 500 added 0.73 per cent, and the Dow Jones Industrial Average gained 0.18 per cent.

Back home, Top traded Volumes on NSE Nifty – Eternal Ltd. 22012280.00, Bharat Electronics Ltd. 16852693.00, NTPC Ltd. 13872826.00, Tata Steel Ltd. 13438851.00, Power Grid Corporation of India Ltd. 12985269.00,

On NSE, total number of shares traded was 279.25 Crore and total turnover stood at Rs. 89122.97 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 90443 with a total turnover of Rs. 16969.61 Crore. Along with this total number of contracts traded in stock futures were 1026378 with a total turnover of Rs. 69499.50 Crore. Total numbers of contracts for index options were 105490242 with a total turnover of Rs. 19560553.75 Crore. and total numbers of contracts for stock options were 5059368 with a total turnover of Rs. 362704.12 Crore.

The FIIs on 06/08/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 16758.57 Crore and gross debt purchased stood at Rs. 385.63 Crore, while the gross equity sold stood at Rs. 15197.26 Crore and gross debt sold stood at Rs. 151.63 Crore. Therefore, the net investment of equity and debt reported were Rs. 1561.31 Crore and Rs. 234.00