The new month hasn’t exactly kicked off on a cheerful note for the markets.
On Day 1 of August, Indian stock markets saw a sharp selloff, with the Sensex tumbling 586 points and the Nifty slipping below the 24,600 mark. The mood across Dalal Street was clearly nervous, and the key reasons were global trade worries and heavy FII selling.
What’s Going On?
Let’s break it down simply:
🇺🇸 Trade Trouble from the U.S.
Former U.S. President Donald Trump is back in the headlines—and not in a good way. He’s slapped a 25% tariff on Indian exports, starting August 7. That’s a big blow to our exporters, especially companies in IT, pharma, and autos. No surprise these sectors were among the worst hit today.
Foreign Investors Pulling Out
FIIs (foreign institutional investors) are heading for the exit. Today marked the ninth straight day of FII selling. With safer returns in U.S. markets and a rising dollar, big money is leaving Indian stocks for now.
Global Tensions Rising
India’s oil trade with Russia is under global scrutiny again. While this hasn’t led to sanctions, it’s adding pressure. Put together with the tariff story, investors are feeling jittery.
Weak Charts = More Fear
Technically, the Nifty has broken support at 24,600. Experts say if it dips below 24,200, we might see deeper corrections. So right now, short-term trends don’t look too strong.
Sector-wise Snapshot
| Sector | Mood Today | What Happened? |
| IT | 😓 Weak | U.S. tariff fears hit the big boys hard |
| Pharma | 😟 Weak | Global exposure = more uncertainty |
| Auto | 🚗 Slipping | Worries over export demand, weak rupee |
| Banks | ⚖️ Mixed | Private banks did okay; PSU banks fell |
| FMCG | 😊 Stable | Defensive stocks held up better |
Stocks Everyone Was Watching
- Infosys & TCS: Down — export fears kicked in
- Reliance & ONGC: In the red — energy trade concerns
- Axis Bank & HDFC Bank: Surprisingly strong — investor favorites right now
- ITC & HUL: Safe bets — saw some defensive buying
🧠 What Experts Are Saying
“We’re seeing a mix of fear and profit booking. The tariff news just added fuel to the fire. But this isn’t a time to panic.”
— Priya Mehra, Equity Strategist
“If Nifty breaks 24,200, brace for more downside. But long-term investors should stay focused.”
— Anuj Jain, Technical Analyst
💼 What Should You Do?
If you’re feeling nervous, that’s normal. But here’s a quick checklist:
- ✅ Don’t panic sell — You don’t lose money unless you sell in fear.
- ✅ Stick to quality stocks — Blue-chips like HDFC Bank, ITC, Reliance are still strong long-term bets.
- ✅ Have cash ready — If the market dips more, you may get solid stocks at better prices.
🔮 What to Watch Next
- Will Trump double down on trade threats?
- Will FIIs return once global dust settles?
- What’s in store from RBI’s policy meeting next week?
- Key earnings from Reliance, SBI, and others coming up soon
🧘 Final Thoughts
This isn’t the first time the market’s been spooked, and it won’t be the last. Volatility is part of the game, but smart investors stay calm and focus on the long run.
So yes, the mood today was bearish. But for patient investors, these dips are often opportunities in disguise.
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