Synopsis : Indian markets declined on Monday as global tariff concerns and Q1 earnings jitters spooked investors. Despite headline indices falling, broader markets showed resilience, with select stocks like Ola Electric and Anand Rathi delivering strong gains.
Indian equity markets kicked off the week on a cautious note, with the Sensex slipping 270 points to trade around 82,235, while the Nifty hovered near 25,081, down 69 points, reflecting a drop of 0.32% and 0.27%, respectively. The pressure came amid weak global cues following President Donald Trump’s imposition of a 30% tariff on imports from the EU and Mexico, effective August 1.
Investor mood was further dampened by uncertainty around Q1FY26 earnings, with several high-profile companies slated to announce their results today.
Broader Markets Outperform
Interestingly, while the benchmarks were under pressure, the broader markets showed strength. The Nifty MidCap 100 gained 0.59% and the Nifty SmallCap index climbed 0.87%, driven by stock-specific action.
Among sectoral performers:
Nifty PSU Bank was the top gainer, up 1.5%
Nifty Media followed with a 0.6% gain
On the flip side, Nifty IT fell 1%, and FMCG also traded weak
Key Movers
Top Gainers:
Ola Electric surged 9% ahead of its Q1 results
Anand Rathi Wealth rallied 7% on strong investor interest
Sun Pharma, Trent, Power Grid, NTPC, SBI, and M&M posted modest gains
Top Losers:
Bajaj Finance, Infosys, Tech Mahindra, Bharti Airtel, HCL Tech, Asian Paints, and Tata Motors declined up to 2%, largely due to valuation concerns and IT sector weakness
Eyes on Q1FY26 Earnings Today:
Investors are closely watching Q1 results from a range of companies including:
HCL Technologies
Tata Technologies
Ola Electric Mobility
Tejas Networks
Authum Investment & Infrastructure
Rallis India, Sambhv Steel Tubes, NELCO, and Den Networks
These results are expected to set the tone for the rest of the earnings season, especially in the auto, tech, and energy sectors.
Global Context:
The market decline aligns with broader global concerns, after Trump’s 30% tariff shock rattled sentiment across Europe and North America. The trade tensions are expected to have a cascading impact on emerging markets, including India.
Technical Outlook:
Analysts see key support for Nifty at 25,000, while resistance remains at 25,300–25,400. Volatility is expected to persist until more clarity emerges from corporate earnings and global trade policy directions.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Readers are advised to consult certified financial advisors before making any investment decisions.
