Terrible Thursday awaits D-Street! Gift Nifty, experts give an indication of the Indian stock market, while Trump slaps 25% tariff | Einsmark news

Indian Stock Market: Despite several US-India discussion rounds, President Donald Trump announced a 25% tariff on Wednesday before the August 1 deadline, which according to analysts is likely to cause a knee-press response when the Indian stock market opens tomorrow on July 31. India, which is a bit still in the continued negotiations between the two countries. Gift Nifty Futures dropped sharply to 24,678, and last traded with 160 points, or 0.63%, at 24,700, which indicated a gap appointment for the Indian stock markets on Thursday. Analysts indicated that a rate of 20% or higher would be a disappointment for India, which would have a better agreement than the 19% offered by Trump Indonesia and the Philippines. Trump tariffs: How will the Indian stock market respond? Anirudh Garg, fund manager at Invasset PMS, said a response from the knee pressure tomorrow is quite possible due to Trump’s 25% announcement, and partly because it coincides with the monthly expiration. “At expiration dates, volatility tends to rise as traders roll over positions and settle futures and options contracts. With the gift that Nifty already responds negatively, we could see that sentiment in domestic markets was inundated,” Garg added. More to come …