Tariff jitters pull Sensex down 308 pts,Nifty below 24,650

The domestic share market indices traded on a lower note on Tuesday, following the renewed tariff rhetoric from the U.S. President over India's Russian oil purchases, amid selling in most of the sectoral indices except auto.At close, the Sensex was down 308.47 points or 0.38 percent at 80,710.25, and the Nifty was down 73.20 points or 0.30 percent at 24,649.55.
Titan Company, Maruti Suzuki, SBI Life, Trent, IndusInd Bank were the top gainers on the Nifty, while losers included Infosys, Adani Enterprises, Adani Ports, Reliance Industries, ICICI Bank.On the sectoral front,auto index up 0.4 percent, while bank, IT, oil & gas, FMCG, pharma down 0.5 percent each.BSE Midcap and smallcap indices ended with marginal losses.
Rupee Close:
On 5 Aug'25,the Indian rupee closed 14 paise lower at 87.80 against the dollar on Tuesday,as fresh pressure emerged following US President Donald Trump's escalation of tensions with India over its continued oil imports from Russia.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated, despite positive global cues, domestic markets remained rangebound in negative territory. Oil & gas stocks led the decline amid concerns about future import restrictions on Russian oil. Weakness persisted on Pharma and IT stocks which are among the largest exporters to the US. Sentiment was also weighed by INR depreciation. In contrast, auto stocks continue to gain traction from July volumes.Investors are now awaiting the upcoming RBI policy decision, where market has marginal expectations of a rate cut, in the near-term. Currently, the preferences of investors are for domestic consumption-driven stocks and sectors holding limited volatility to external factors.
Market experts recommended five stocks to buy on Tuesday- Indegene, Cupid, CCL Products (India), KIOCL, and Yatra Online Inc.

(Business Correspondent)