Market Cues Today: Trump’s Tariff On Trucks, India-US Trade Negotiation, FII Selloffs And Other Triggers Set To Impact D-Street

Market Cues Today: On October 7, the Gift Nifty opened slightly lower at 25,138.5 levels. However, the index soon gained 0.24 per cent to trade at 25,208.5 levels indicating a positive start for the benchmark Nifty.

Headline indices extended a winning streak for the third straight session on October 7, the BSE Sensex closed at 81,790.12 with gains of 582.95 points or 0.72 per cent and the Nifty 50 finished at 25,077.65 up by 183.4 points or 0.74 per cent.

Stock Market Cues On October 7

US President Donald Trump’s latest tariff related announcement, progress on the India-US trade deal and continued selloffs by foreign institutional investors (FIIs) are likely to impact trade on D-street on October 7.

Trump’s Tariff On Trucks

US President Donald Trump declared that 25 per cent tariffs will be levied on all medium and heavy-duty trucks imported into the United States from November 1, 2025, according to a post by the US President on social media platform Truth Social. The tariffs are expected to impact Indian automakers who manufacture heavy duty trucks. Shares of automotive majors such as Tata Motors, Ashok Leyland, and Mahindra & Mahindra, are likely to be in focus today.

“Beginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at the Rate of 25%. Thank you for your attention to this matter!” Trump said in his post.

India US Trade Deal

According to a report by Business Today, the India-US trade deal is close to being finalised. The report cited NITI Aayog CEO BVR Subrahmanyam who told the business daily that both sides have committed to the deal and discussions are underway at the ministerial level in the US.

“The good thing is, both sides have still committed to having a trade deal. Discussions and negotiations happened last month, and both sides are hopeful,” Subrahmanyam said.

FII Outflows

FII selloffs continued for the third straight day in October. On October 6, FIIs pared Indian equities worth Rs 313.77 crore. Notably, foreign investors have net sold equities worth Rs 3,502.34 crore so far in October. On the other hand Domestic Institutional Investors (DIIs) continued a buying spree purchasing Indian equities worth Rs 5,036.39 crore. So far DIIs have net purchased equities worth Rs 8,442.29 crore.

Crude Oil Prices On October 7

Crude oil prices witnessed an uptick in the early hours of October 7, the price of West Texas Intermediate increased by $0.22 or 0.36 per cent to $61.92. The price of Brent Crude surged to $65.7 up by $0.23 or 0.35 per cent.

Gold Rate On October 7

On October 7, gold prices edged higher, the price of 24 karat gold was Rs 12,078 per gram, the price of 22 karat gold was around Rs 11,071 per gram and the price of 18 karat gold was Rs 9,059 per gram as per the Goodreturns website.

Asian Indices Trade Mixed On October 7

Japan’s Nikkei 225 extended gains on October 7, the index climbed 0.87 per cent in early trade to 48,350 levels. Other Asian indices such as the Shanghai Composite index also gained 0.52 per cent. However, the Hang Seng witnessed a slight decline in early trade as it dipped 0.68 per cent to 26,957.77 levels.

US Market Indices

US benchmarks finished the session mixed on October 6, as the Nasdaq Composite and S&P 500 closed with gains of 0.71 per cent and 0.36 per cent respectively. On the other hand the Dow Jones Industrial Average declined 0.14 per cent.