Indian benchmark indices, Sensex and Nifty, are expected to open on a weak note on July 31, taking cues from GIFT Nifty, which was trading around 24,672 earlier this morning.

Domestic markets are set for a volatile session following the U.S. imposing a higher-than-anticipated 25% tariff on Indian goods, effective Friday.

On Wednesday, the 30-share benchmark index ended at 81481.86 up by 143.91 points or by 0.18 % and then NSE Nifty was at 24855.05 up by 33.95 points or by 0.14 %.

On the global front, Most stock markets in Asia fell, with Hang Seng and CSI 300 leading the fall, as the tariff deadline looms.

US stocks closed well off earlier highs after a choppy session on Wednesday, as Federal Reserve Chair Jerome Powell chilled expectations the central bank might be poised to cut rates at its September meeting.

In keeping rates unchanged, as was widely expected, the central bank said "the unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated," in a split decision that saw two governors dissent.

The Dow Jones Industrial Average fell 171.71 points, or 0.38%, to 44,461.28, the S&P 500 lost 7.96 points, or 0.12%, to 6,362.90 and the Nasdaq Composite gained 31.38 points, or 0.15%, to 21,129.67.

Back home, Top traded Volumes on NSE Nifty – Eternal Ltd. 21677387.00, Tata Motors Ltd. 18923129.00, Tata Steel Ltd. 16083106.00, Jio Financial Services Ltd. 15393963.00, NTPC Ltd. 12537358.00,

On NSE, total number of shares traded was 311.99 Crore and total turnover stood at Rs. 89523.19 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 188947 with a total turnover of Rs. 35673.01 Crore. Along with this total number of contracts traded in stock futures were 3905261 with a total turnover of Rs. 265772.99 Crore. Total numbers of contracts for index options were 118118831 with a total turnover of Rs. 22231745.98 Crore. and total numbers of contracts for stock options were 7519770 with a total turnover of Rs. 533870.74 Crore.

The FIIs on 30/07/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 13015.83 Crore and gross debt purchased stood at Rs. 401.74 Crore, while the gross equity sold stood at Rs. 16708.18 Crore and gross debt sold stood at Rs. 441.55 Crore. Therefore, the net investment of equity and debt reported were Rs. -3692.35 Crore and Rs. -39.81