Stock Market Today: Nifty, Sensex Continue To Log Losses As Traders Assess Consequence Of New US Tariffs 

Stock Market Live: Suzlon Energy Secures Wind Power Project From Zelestra India

Suzlon Energy has secured a 381 MW wind power project from Zelestra India and affiliates. The project will span across Maharashtra, Madhya Pradesh, and Tamil Nadu.

Stock Market Today Live: Nifty, Sensex Extend Losses At Pre-Open

At pre-open, the NSE Nifty 50 was trading 0.14% down at 24,734.90, and the BSE Sensex was trading 0.14% down at 81,074.58.

Yield On The 10-Year Bond Opens Flat

  • The 10-year bond yield opened flat at 6.37%

Source: Cogencis

Rupee Opens Flat Against US Dollar

  • Rupee opened flat at 87.60 a dollar

Source: Cogencis

Stock Market Today Live Update: JPMorgan On Coal India 

  • Maintain Neutral with a target price of Rs 415

  • First quarter was largely in-line results; volume recovery will remain key

  • Higher-than-expected e-auction premium of 50%; likely that Q2 premium will remain lower than last year

  • Don’t see any negatives from the print

  • Expect a slight positive revision to consensus estimates given the 5% beat on PAT

  • Coal India’s volume prints and the trajectory of the e-auction premium will be key

NDTV Profit Exclusive: Jane Street: Tax Dept Probes Treaty Shopping Via Mauritius Entity

  • Jane Street used Mauritius arm to trade in F&O, booked profits tax-free

  • Allegedly claimed India–Mauritius treaty benefit to avoid capital gains tax

  • Booked losses on equity investments in Indian cos, paid zero tax

  • Shifted F&O profits to Mauritius entity to claim treaty benefit

  • Officials are of the view that Nuvama, being sole clearing agent, is liable to withhold tax under Indian tax laws

Alert: I-T Dept surveyed Nuvama’s headquarters in Mumbai on Thursday

Source: People In The Know

Oil Prices Fall In Asia Session

Oil prices fell over 1% in Asia session Friday as market participants became concerned about the demand amid new tariff rates.

The October future contract was trading 0.06% at $71.00 a barrel as of 7:38 a.m.

Asia Market Live Update: KOSPI Declines Over 3% 

South Korea’s benchmark index KOSPI was trading over 3% down early morning Friday as market participants analysed the probable consequences of US President Donald Trump’s latest tariff.

The KOSPI was trading 3.02% down, and the Nikkei 225 fell 0.36% down as of 7:22 a.m.

The Hang Seng and CSI 300 were trading higher bucking the trend in Asia.

US Market Live Update: S&P 500 And Dow Jones Futures Decline On Tariff Concerns 

The S&P 500, Dow Jones Industrial Average, and Nasdaq 100 futures declined in Asia session as uncertainty over tariffs weighed. US President Donald Trump said that the country will maintain a minimum tariff of 10% and countries with trade surplus will face 15% tariff.

The S&P 500 and Dow Jones Industrial Average were trading 0.08% down. The S&P 500 and Nasdaq 100 futures declined 0.13% and 0.18%, respectively as of 7:19 a.m.

GIFT Nifty Implies Positive Open; Coal India, Swiggy, Tata Steel Shares In Focus

The GIFT Nifty was trading 0.06% or 14.50 points higher at 24,721.00 as of 6:35 a.m., which implied a positive open for the benchmark Nifty 50 index.

Traders will monitor Coal India Ltd., Swiggy Ltd., Tata Steel Ltd., ITC Ltd., and Godrej Properties share prices.

Indian stock markets snapped a four-month rally to end July in losses as simmering trade tensions with the US triggered a risk-off sentiment and caused a flight of foreign capital. Both the Nifty 50 and BSE Sensex shed 2.9% this month.

The Nifty settled 86.7 points or 0.35% lower at 24,768.35 on Thursday, when monthly futures contracts expired. The BSE Sensex lost 296.28 points or 0.36% to close at 81,185.58.

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