Share Market News: Trade Tariff Deadline, Q1 Results, Gold Rate Today and Other Triggers Likely To Impact D-Street

Share Market News: D-street is likely to start the month of August on a weak note amid mixed cues. The market is expected to react to the imposition of 25 per cent trade tariffs, changes in crude oil prices, gold prices and the financials results declared by companies on August 1. The Gift Nifty opened higher on August 1. However the index traded lower at 24,710.5 down by 12 points.

Earlier on July 31, the headline indices ended flat with a negative note. The Sensex shed 296.28 points or 0.36 per cent to close at 81,185.58. The Nifty 50 index fell to 24,768.35 level declining 86.7 points or 0.35 per cent.

Trade Tariff Deadline

The deadline for the imposition of reciprocal trade tariffs on US trade partners was fixed on August 1. The US President signed an executive order on July 31 which has set new tariffs on US trading partners. The White House announced that these high duties would go into effect on August 7. The stock market is expected to factor in the tariff related development in trade today.

Crude Oil Prices On August 1

Crude oil prices continued to decline on August 1 with the price of West Texas Intermediate crude trading around $69.23 down by $0.03 or 0.04 per cent. On the other hand the price of Brent Crude traded around $72.53 down by $0.71 or 0.97 per cent.

Gold Rate Today

Gold prices continued to trade close to their all-time high on August 1. The price of one gram of 24 karat purity gold was Rs 10,017, the price of one gram of 22 karat purity gold was around Rs 9,184 and the price of one gram of 18 karat gold was around Rs 7,514

Q1 Results On August 1

Several companies are set to release their results for the June quarter of FY26 on August 1 these include ITC, Adani Power, Tata Power Company, UPL, LIC Housing Finance, Delhivery, GlaxoSmithKline Pharmaceuticals, Godrej Properties, Graphite India, G R Infraprojects, JK Lakshmi Cement, Jupiter Life Line Hospitals, Multi Commodity Exchange of India, Narayana Hrudayalaya, Symphony and Tube Investments of India.

US Market Indices

US market indices finished the session lower on July 31 with the Dow Jones Industrial Average declining the most to close at 44,130.98 down by 30.3 points or 0.74 per cent. Other Wall Street indices such as the Nasdaq and the S&P 500 finished the session lower by 0.03 per cent and 0.37 per cent respectively.

Asian Indices Trade Lower On August 1

Asian indices traded lower in the early hours of August 1. The Nikkei 225 traded around 40,915 down by 0.38 per cent. Other indices such as the Shanghai Composite, Hang Seng and the KOSPI also traded lower by 0.19 per cent, 3.28 per cent and 0.4 per cent respectively.