Nifty, Sensex Likely to Open Lower; Trump Imposes 100% Tariff on China

Pre-Market Update at 7:45 AM: On Monday, October 13, equity benchmark indices Sensex and Nifty 50 are expected to open lower following weakness in global markets after US President Donald Trump announced an additional 100 per cent tariff on imports from China. At 7:15 AM, the GIFT Nifty was trading at 25,329, down 72 points.

This week, investors will closely watch key market triggers including the US-China tariff war, India’s inflation data, Q2 earnings, developments over the US government shutdown, IPO activity, foreign fund flows, and major global and domestic macroeconomic updates. In early trade, Asian markets traded lower on Monday, tracking Wall Street’s sharp losses last week. The S&P 500 and Nasdaq recorded their largest single-day percentage drops since April 10.

HCL Technologies, Anand Rathi Wealth, Just Dial, Indo Thai Securities, and Stallion India Fluorochemicals will announce their Q2 FY26 earnings today. On Friday, October 10, Foreign Institutional Investors (FIIs) were net buyers of equities worth Rs 459.20 crore, marking their fourth consecutive day of buying. Domestic Institutional Investors (DIIs) were also net buyers, purchasing equities worth Rs 1,707.83 crore — their 33rd straight session of net buying.

On October 10, Indian markets ended higher, extending weekly gains. The Nifty 50 rose 0.41 per cent to 25,285.35, and the Sensex gained 0.40 per cent to 82,500.82. Both indices advanced 1.57 per cent for the week, supported by strong FII inflows and earnings optimism. Sectorally, 9 of 11 indices closed positive, led by Realty, while IT and Metals slipped marginally. Broader markets outperformed, with Nifty Midcap and Smallcap indices ending on a firm note.

Wall Street ended sharply lower on Friday after President Trump’s announcement of a 100 per cent tariff on Chinese imports and new export controls on critical US-developed software. The move came after Beijing imposed further restrictions on rare earth exports. The Dow Jones Industrial Average fell 878.82 points (1.90 per cent) to 45,479.60, the S&P 500 declined 182.60 points (2.71 per cent) to 6,552.51, and the Nasdaq Composite dropped 820.20 points (3.56 per cent) to 22,204.43. The US government shutdown entered its tenth day with no resolution, delaying key economic data releases.

Gold prices climbed to around USD 4,040 per ounce in early Asian trade as investors sought safe-haven assets amid rising trade tensions. Spot gold rose 0.5 per cent to USD 4,038.36 per ounce, while MCX Gold futures closed at Rs 1,21,364 per 10 gm, up Rs 871 or 0.72 per cent. The US dollar index recovered slightly to 99.002, while crude oil prices rebounded from recent lows. Brent crude rose 1 per cent to USD 63.6 per barrel, and WTI crude gained 1 per cent to USD 59.7 per barrel. 

For today, RBL Bank and Sammaan Capital will remain on the F&O ban list.

Disclaimer: The article is for informational purposes only and not investment advice.