Indian benchmark indices, Sensex and Nifty, are expected to open on a weaker note on August 1, tracking cues from GIFT Nifty, which was trading around 24,718 earlier this morning.

Volatile may continue during the day, as investor sentiment takes a hit following US President Donald Trump’s announcement of a new round of tariffs on multiple countries, just a day ahead of the deadline.

On July 31, benchmark indices closed in the red after failing to hold on to mid-day gains, with the Nifty 50 slipping below the 24,800 mark as markets evaluated the wider implications of the tariff measures.

Additionally, investors will react to Q1 earnings from companies such as Swiggy, City Union Bank, Eicher Motors, Mankind Pharma, JSW Energy, and PB Fintech.

On the earnings radar today are major names like ITC, Multi Commodity Exchange of India, Adani Power, UPL, and Tata Power, which are all set to announce their quarterly results.

On Thursday, the 30-share benchmark index was trading at 81185.58 down by -296.28 points or by -0.36 % and then NSE Nifty was at 24768.35 down by -86.7 points or by -0.35 %.

On the global front, Stock markets in Asia saw is longest losing streak this year on Trump's latest tariff measures. The MSCI Asia Pacific Index fell 0.55 per cent, led by losses in South Korea's Kospi, down over 2.5 per cent. Asian currencies will remain in focus on Friday.

Overnight, Wall Street closed lower even as strong earnings from tech firms failed to boost sentiment. The S&P 500 was down 0.37 per cent while the Nasdaq was lower by 0.03 per cent. Microsoft Corp's market capitalisation briefly topped the $4 trillion mark.

Back home, Top traded Volumes on NSE Nifty – Jio Financial Services Ltd. 49292436.00, Eternal Ltd. 32474675.00, Tata Steel Ltd. 26213891.00, ITC Ltd. 19364174.00, Tata Motors Ltd. 18723710.00,

On NSE Future and Options, total number of contracts traded in index futures was 338035 with a total turnover of Rs. 63877.94 Crore. Along with this total number of contracts traded in stock futures were 3676968 with a total turnover of Rs. 249131.67 Crore. Total numbers of contracts for index options were 398861888 with a total turnover of Rs. 75070075.70 Crore. and total numbers of contracts for stock options were 6641940 with a total turnover of Rs. 476810.01 Crore.

The FIIs on 31/07/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 12397.07 Crore and gross debt purchased stood at Rs. 351.43 Crore, while the gross equity sold stood at Rs. 12559.17 Crore and gross debt sold stood at Rs. 299.21 Crore. Therefore, the net investment of equity and debt reported were Rs. -162.10 Crore and Rs. 52.22