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Nifty extends previous session’s losses on Friday amid concerns over Trump’s tariff

01 Aug 2025 Evaluate

Indian equity benchmark -- Nifty -- extended its previous session’s losses on Friday amid concerns over Trump’s tariff and sustained foreign fund outflows. According to exchange data, on Thursday, the foreign institutional investors (FIIs) sold shares worth Rs 5,588.91 crore. Index made a negative start following broadly weak cues from other Asian markets due to concern over US President Donald Trump’s reciprocal tariff imposition on all its trading partners. Soon, index trimmed some of its losses and started wavering near neutral line. Traders took note of India's manufacturing sector report for the month of July. According to the survey report, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) surged to 59.1 in July from 58.4 in June, signaling the strongest improvement in the health of the sector since March 2024. In afternoon session, index was trading under pressure amid selling in pharma and IT stocks. In last leg of the trade, index magnified its losses and closed below 24,600 mark.

Most of the sectorial indices ended in red except FMCG stocks. The top gainers from the F&O segment were Suzlon Energy, Trent and Kaynes Technology India. On the other hand, the top losers were PNB Housing Finance, IIFL Finance and UPL. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 24900 - 25100 puts indicating this is the trading range expectation.

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