More Stories

Informist, Friday, Aug. 8, 2025

 

By Gopika Balasubramanium

 

MUMBAI – Short-term expectations about the Indian stock market remain weak due to lack of clarity on how India plans to navigate US tariff threats and the likely hit to the domestic economy from these tariffs. A relief for market participants is that pharmaceuticals and electronics goods remain exempted from US tariffs. Analysts also said the ongoing market correction is due to premium valuations. Market analysts are bullish about the medium-to-long term performance of equities and expect corporate earnings growth to pick up pace from the second half of 2025-26 (Apr-Mar). 
 

With an over 50% tariff looming over Indian exports to Washington and New Delhi being resolute on US' demands to stop importing Russian oil and allow access to agriculture and food markets, investors are likely to hesitate making aggressive bets. Traders will keenly watch developments on the negotiations between these countries.

 

"In August, Nifty (50) is expected to be in a range between 24000 points and 25000 points," Ankit Dharamshi, associate director and fund manager at RNM India. For 2025-26 (Apr-Mar), he expects the Nifty 50 to reach 26800 at its highest and 22200 is seen as the bottom, Dharamshi said. 

 

He said the June quarter earnings were rather muted and he expects earnings to pick up from the December quarter. This will be driven by an increase in demand during the festival season and also by a rise in government spending, the fund manager said. He said the impact of tariffs will be limited to specific sectors, and sees India negotiating it mostly to 20-25% through rounds of negotiations. He also said India could look at other countries to diversify its exports and if that materialises, it would be a positive for the market.     

 

On Friday, the Nifty closed at 24363.30 points, down 232.85 points or 1%, as it failed to sustain above the key support level of 24400 points. The 50-stock index closed lower in three of the five trading sessions this week. It also closed lower for the sixth consecutive week. The BSE Sensex closed at 79857.79 points, down 765.47 points or 1%. Technical analysts see the 50-stock index to find support at 24250-24350 points. The index will face strong resistance at 24700 points. 

 

On the earnings front, more than 50 companies in the Nifty 500 universe will declare their June quarter earnings next week. On Monday, no Nifty 50 companies are scheduled to declare results. However, investors will focus on earnings of Tata Motors, which declared its Apr-Jun results post market hours Friday. The Punch-maker's net profit came in significantly higher than the estimate of INR 39.24 billion. Astral, SJVN, Bata India, BEML, IPCA Laboratories, JM Financial, and KNR Constructions will detail their results on Monday.  End

 

Edited by Tanima Banerjee

 

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000 /+91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.