Opening bell: Sensex, Nifty poised for weak opening; Swiggy, Coal India, JSW Energy, Mankind Pharma, ITC shares in focus  

Indian equity market is set to open in red on Friday, tracking weak cues from Asian peers, after U.S. President Donald Trump announced new higher tariffs for every country around the world. At 8:15 AM, the GIFT Nifty index was trading 94.5 points, or 0.38%, lower at 24,742, indicating a gap-down opening for the benchmark indices, BSE Sensex and NSE Nifty.

The market is likely to consolidate, but global trade developments and corporate earnings will continue to drive volatility, analysts said. There is hope for a more favorable tariff outcome in the near term.

On Thursday, Indian share market ended lower in choppy trade on Thursday as investors turned jittery after Donald Trump imposed a 25% tariff and penalty on Indian exports. The BSE Sensex closed 296 points, or 0.36%, lower at 81,185, and the NSE Nifty settled at 24,768, down 87 points, or 0.35%.

Wall Street ends lower after early rally

U.S. stocks closed lower on Thursday, paring early gains led by Microsoft and Facebook parent Meta after their stellar second-quarter earnings, as investors turned cautious ahead of key jobs data and a tariff deadline. Market participants kept a close eye on President Donald Trump’s August 1 deadline. At the close, the Dow Jones Industrial Average was down 0.7%, while the S&P 500 and the tech-rich Nasdaq Composite Index declined 0.4% and 0.1%, respectively.

Asian stocks fall after Trump unveils new tariffs; KOSPI crashes 3%

Equity markets in the Asia-Pacific region extended their losing streak for the sixth straight session on Friday, led by South Korea’s KOSPI, after U.S. President Donald Trump unveiled new tariffs on every country. In an overnight development, President Trump signed an executive order setting new tariffs on all countries around the world, to be implemented on August 7. The new tariff regime proposes higher import duty rates of 10% to 41% for 69 trading partners.

In the Asia-Pacific region, South Korea was the worst performer with a 3% fall after it accepted a 15% tariff on its exports to the U.S., including autos. It has also pledged to invest $350 billion in U.S. projects to be chosen by Trump administration.

Meanwhile, Japan’s Nikkei 225 was down 0.2%, Hong Kong’s Hang Seng slide 0.4%, and China’s Shanghai Composite edged lower in early trade. Among others, Taiwan’s Weighted Index fell 0.4%, while Singapore’s Straits Times and Indonesia’s Jakarta Composite were up by 0.2% and 0.8%, respectively. Australia’s ASX 200 ended 0.75% lower.

Stocks to watch

Q1 results today:  ITC , Adani Power , Tata Power , Multi Commodity Exchange of India, LIC Housing Finance, Delhivery, UPL, GlaxoSmithKline Pharmaceuticals, Godrej Properties, Graphite India, G R Infraprojects, JK Lakshmi Cement, Symphony, Tube Investments of India, and others will announce their quarterly earnings reports on August 1.

Auto Stocks: Shares of automobile companies will be in focus today as they will release their sales volume numbers for the month of July.

Swiggy : The online food delivery company’s Q1 consolidated loss widened to ₹1,197 crore in Q1 FY26, from ₹611 crore. The revenue jumped 54% to ₹4,961 crore from ₹3,222 crore in the year ago period.

Coal India : The coal miner saw its consolidated profit decline by 20.2% YoY to ₹8,734.2 crore from ₹10,943.6 crore, while revenue fell 4.4% to ₹35,842.2 crore from ₹37,503.9 crore in Q1 FY25.

JSW Energy : The company reported a 42.4% YoY jump in Q1 consolidated profit to ₹743.1 crore from ₹521.8 crore in the same period last year.

Mankind Pharma : The drug maker reported an 18.1% drop in consolidated profit to ₹444.6 crore in Q1 FY26, from ₹543 crore in the year ago period. However, revenue rose 24.5% to ₹3,570.4 crore from ₹2,868 crore.

Eicher Motors : The auto company reported a 9.4% year-on-year (YoY) rise in consolidated Q1 profit to ₹1,205.2 crore from ₹1,101.5 crore.

PB Fintech : The firm posted a 40.6% YoY jump in Q1 FY26 profit to ₹84.6 crore from ₹60.2 crore. Revenue rose 33.4% to ₹1,348 crore from ₹1,010.5 crore.

Chalet Hotels : The company reported a 235% spike in consolidated profit to ₹203.2 crore in Q1 FY26, from ₹60.7 crore in the year ago period.

Gujarat Gas : The company has signed a gas sales agreement with Waree Energy for the supply of 50,000 scmd of PNG to its lithium-ion cell manufacturing unit at Valsad, Gujarat.

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