Stock Market Today Highlights: The Indian stock market ended lower amig heightened volatility on Thursday, 31 July 2025, after the US President Donald Trump announced a 25% tariff on Indian goods.
The benchmark indices, Sensex and Nifty 50, began nearly a percent lower each but then recovered to trade higher in the mid session. However, the indices succumbed to profit booking at higher levels amid monthly F&O expiry and finally settled lower. The Sensex dropped 296.28 points, or 0.36%, to close at 81,185.58, while the Nifty 50 ended at 24,768.35, down 86.70 points, or 0.35%.
The US tariffs on Indian goods will be effective from August 1. Trump also announced an additional “penalty” for India’s continued energy and defense ties with Russia. Trump’s tariffs are likely to negatively impact several sectors of the Indian economy, including textile, auto components, leather goods, gems and jewellery, and certain food exports.
Meanwhile, global market cues remained mixed as Asian markets traded mixed and the US stock market ended mostly lower after the US Federal Reserve policy. The US Fed kept the interest rates unchanged in the 4.25% to 4.5% range for the fifth consecutive time and Chair Jerome Powell’s comments undercut confidence that borrowing costs would begin to fall in September. Investors will also focus on the Q1 results today.