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Sensex Resumes Downtrend After One-Day Hiatus, Drops 300 Points — 10 Key Highlights From Indian Stock Market Today
KONKAN DIVISION, MAHARASHTRA, AUG 5 – The market fell due to concerns over US tariff threats on Indian exports and ongoing Russian oil purchases, with foreign investors selling Rs 22 crore in equities, officials said.
- Benchmark indices Nifty and Sensex declined on August 5, with the Sensex down 308.47 points, influenced by U.S. President Donald Trump's warning of substantial tariffs on Indian exports due to Russian oil purchases.
- IndusInd Bank's shares rose 2 percent after the Reserve Bank of India approved Rajiv Anand as the new managing director and CEO, pending shareholder approval at the bank's upcoming general meeting.
- Experts warn that Trump's tariff threats could strain U.S.-India relations and negatively impact Indian exports and GDP growth, creating near-term market uncertainty.
- As the Reserve Bank of India's Monetary Policy Committee meeting is closely monitored, market sentiment remains cautious amid Trump's trade threats, with analysts indicating potential short-term economic impacts.
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Nifty, Sensex open flat on Wednesday
Mumbai: The Indian equity benchmarks opened flat on Wednesday. Sensex gained 64 points or 0.08 per cent at 80,774 while Nifty edged up 16 points or 0.07 per cent to 24,665. Broad cap indices saw higher selling pressure. The Nifty midcap 100 index was down 0.54 per cent and Nifty smallcap 100 index slipped 0.64 per cent. “Today’s monetary policy decision is unlikely to influence the market significantly. The overarching influence on the market wi…
Sensex resumes downtrend after one-day hiatus, drops 300 points — 10 key highlights from Indian stock market today
Indian stock market's benchmark indices — Sensex and Nifty — resumed their downward trend after a one-day hiatus on Tuesday, August 5. With this, both indices are down in three of the past four trading sessions.
·New Delhi, India
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Coverage Details
Total News Sources11
Leaning Left2Leaning Right4Center1Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
L 29%
14%
R 57%
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