Market Cues Today: Trump’s New Tariff Threat, Gold Rates Today And Other Triggers Set To Impact D-Street

The benchmark indices are likely to start the week on a positive note amid mixed cues. The Gifty Nifty opened higher at 24,931.5, indicating a strong start for the benchmark Nifty. Other headwinds such as the GST restructuring are also impact trade on September 8. On the other hand announcements related to India-US trade are also set to affect investor sentiment today.

Earlier on September 5, the headline indices finished the session mixed with the Sensex closing at 80,710.76 down by 0.009 per cent. The Nifty 50 finished the session with marginal gains at 24,741.00 up by 0.027 per cent.

Stock Market Cues On September 8

Some of the key cues expected to impact D-street on September 8 include US President Donald Trump’s new tariff threat, fluctuations in key commodity prices and other such factors.

Trump’s New Tariff Threat

US President Donald Trump answered reporters at the White House and affirmed the imposition of fresh sanctions on Russia amid the war in Ukraine. He replied “Yeah, I am” upon being asked by reporters about fresh sanctions on Russia. Earlier on September 6, US treasury secretary Scott Bessent called for more sanctions on countries which purchase oil from Russia. Notably India has been prominent on the list.

Crude Oil Prices On September 8

Crude oil prices inched upwards on September 8 as West Texas Intermediate crude traded at $62.61 up by 1.2 per cent. The price of Brent Crude increased by 1.21 per cent to $66.29 in the early hours of September 8.

Gold Rate On September 8

Gold prices declined in the early hours of September 8, the price of one gram of 24 karat gold was around Rs 10,861, the price of one gram of 22 karat purity gold remained around Rs 9,959. The rates for 18 karat purity gold were Rs 8,148 per gram on September 8.

FII, DII Trade

On September 5, foreign institutional investors turned sellers and sold Indian equities worth Rs 1,304.91 crore of Indian equities. Domestic institutional investors purchased 1,821.23 crore worth of shares.

Asian Indices Trade Mixed On September 8

Key Asian indices traded higher in the early hours of September 8, Hang Seng advanced 0.39 per cent and the Shanghai Composite traded higher with marginal gains of 0.08 per cent. At the time of writing the Nikkei 225 and the KOSPI witnessed gains of 1.48 per cent and 0.2 per cent respectively.

US Market Indices

On September 5, key US market indices finished the session in the red. The Dow Jones Industrial Average fell 0.48 per cent, the Nasdaq Composite declined 0.03 per cent and the S&P 500 finished the session with a decline of 0.32 per cent.