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THURSDAY TRADE: TARIFF STORM!

TRADE SET UP

 #FromBloomberg | #DonaldTrump to sign Executive Orders 12:00 pm ET (9:30 pm IST) on Thursday#TrumpTariffs pic.twitter.com/OUXHXPLAu9

— CNBC-TV18 (@CNBCTV18Live) August 7, 2025

Glenmark Pharmaceuticals Ltd on Wednesday (August 7) said its subsidiary Glenmark Pharmaceuticals Inc., USA, has agreed to a $37.75 million settlement in connection with antitrust litigation in the United States.

Three Federal Reserve policymakers voiced concerns about the US labor market Wednesday with remarks that pointed to a potential interest-rate cut in September.

Federal Reserve Bank of San Francisco President Mary Daly said policymakers will probably need to adjust interest rates in “coming months” to prevent a further deterioration in hiring.

 #CNBCTV18Market | #GIFTNifty lower, trading at a discount of nearly 80 pts from Nifty Futures Wednesday close, indicates a gap-down start for the Indian market#TrumpTariffs #TrumpWatch pic.twitter.com/qzuhSUWQ1T

— CNBC-TV18 (@CNBCTV18Live) August 7, 2025

Oil held a five-day decline — the longest losing run since January — as investors looked beyond US efforts to punish buyers of Russian crude, while tracking a diplomatic push by President Donald Trump to halt the war in Ukraine.

US President Donald Trump said on Wednesday (August 6) that he will impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods deemed essential for the digital age.

At CNBC-TV18, we have a power-packed line-up of guests to decode the market impact of the latest salvo fired by the US President. Here’s a look at some of those names:

US has imposed additional 25% tariffs (eff. 27th August) on an already high 25% base with India’s purchase of Russian oil cited as the reason. The direct financial cost to India of replacing Russian Oil is less than 15bps of GDP, and flattish Oil markets over past week imply good supplies exist. We believe the political fallout of US asks on dairy & agri still remain the key stumbling blocks to a deal. We remain hopeful of an eventual trade deal with the US.

Again, whether we will only have a shallow correction or a meaningful one remains to be seen, but for now we have seen worst of tariff news flow. And in a few months, rates will settle down to more acceptable levels. Any knee jerk correction in the market would be a good opportunity for increasing allocation to equity as the macro and the long term fundamentals of India are fairly strong.

The GIFT Nifty had slumped 200 points following US President Donald Trump’s tariff announcements on India.

The first ticks are yet to emerge this morning and that will indicate how are own markets are likely to start off.

The Nifty had a strong start to the week on Monday, registering healthy gains.

However, over the next two sessions, the index has given up all of those gains and is back to last Friday’s closing levels.

US President Donald Trump on Wednesday evening signed an executive order to impose another 25% tariff on Indian exports, which took the total levy to 50%.

The first half of the tariff levy takes effect from tonight, as it does for other countries as well.

The additional 25% levy on India will take effect in 21 days of signing of the Executive order, which is towards the end of August.

Good Morning!

Welcome to CNBC-TV18’s live coverage of India’s stock markets.

It promises to be a very significant day for Indian equities and we’ll keep you up to speed with all the latest developments.

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