Summary of this article
D-street is expected to factor in the impact of fresh tariff related warnings from US President Donald Trump.
The announcement of June quarter (Q1 results) by 314 companies is also expected to affect trade on D-street.
Gold rates and crude oil price fluctuations are also expected to influence trade on D-street today.
Share Market Cues Today: The headline indices are likely to open flat with a positive bias on August 5 amid weak cues. The Gift Nifty is also indicating a flattish start as the index opened marginally higher at 24,715.5, at the time of writing the Gift Nifty traded at the 24752 level up by 0.18 per cent. D-street is set to factor in US President Donald Trump’s latest warning to India on increased tariffs. Other cues such as the declaration of Q1 results and rise and fall in commodity prices such as crude oil and gold are also likely to impact the market on August 5.
On August 4, the Nifty 50 closed in the green around the 24,722.75 level up by 157.4 points or 0.64 per cent. The BSE Sensex closed the session at 81,018.72 up by 418.81 points or 0.52 per cent. Here are some of the key cues which are expected to impact trade on D-street on August 5:
Trump’s Tariff Warning
US President Donald Trump has issued warnings related to the imposition of tariffs on India if it continues to trade with Russia. The US President said in a social media post on TRUTH social that India is purchasing massive amounts of Russian oil and then selling it on the open market to earn profits. Trump alleged that India is benefitting from the ongoing Russia-Ukraine conflict. Further Trump added that continuing trade with Russia can result in economic consequences for India, indicating a ‘substantial’ raise in tariffs. On the other hand India has held its stance against the warnings, while encouraging people to purchase locally made products. Additionally the Narendra Modi led BJP government has not indicated that it plans to stop importing crude oil from Russia either.
Crude Oil Prices On August 5
Crude oil prices declined in the early hours of August 5 as the price of West Texas Intermediate remained around $66.04 down by $0.25 or 0.38 per cent. The price of Brent Crude remained around $68.53 down by $0.23 or 0.33 per cent.
Gold Rate Today
Prices of the yellow metal edged higher on August 5. The price of one gram of 24 karat gold remained around Rs 10,141 per gram while the price of one gram of 22 karat gold remained around Rs 9,296. The price of 18 karat gold was around Rs 7606 per gram on August 5.
Q1 Results On August 5
As many as 314 companies will announce their financial results for the June quarter of FY26 on August 5. Some of the major companies which will announce their financial results on August 5 include Bharti Airtel, Exide Industries, Gland Pharma, Container Corporation of India, Gujarat Gas, Jindal Saw, NCC, Alembic Pharmaceuticals, Aarti Surfactants, Berger Paints India, , Keystone Realtors, Torrent Power, Bharti Hexacom, CARE Ratings,Prestige Estates Projects, Adani Ports and Special Economic Zone, Lupin, Britannia Industries.
US Markets Close In Green
Wall Street indices closed in the green on August 4. The Nasdaq Composite surged 403.45 points or 1.95 per cent to finish the session at 21,053.58. The S&P 500 and the Dow Jones Industrial Average closed with significant gains of 1.47 per cent and 1.34 per cent respectively.
Asian Indices Trade Mixed On August 5
Japan’s Nikkei 225 added 296.3 points or 0.74 per cent in early trade to trade around the 40,587 level, South Korea’s KOSPI also added 41.73 points or 1.33 per cent. The Shanghai Composite also gained 18.82 points or 0.53 per cent to trade around the 3,602.13 level. However the Hang Seng traded flat with a negative bias at the time of writing the story as it slipped 8.45 points or 0.03 per cent.
