Opening bell: Sensex, Nifty to see another muted start amid Trump tariff jitters; Tata Steel, Tata Motors, Ola, Dixon Tech shares in focus

The Indian benchmark indices, the BSE Sensex and the NSE Nifty50, are poised for a weak opening on Wednesday, mirroring mixed trends in the global equity markets. The trends on GIFT Nifty also indicate a gap-down start for the Indian share markets. At 8:00 AM, the GIFT Nifty futures were trading down by 14 points at 25,590.

Investors will assess U.S. President Donald Trump’s latest threat to impose an additional 10% tariff on countries aligning with BRICS, a bloc comprising 10 nations: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the U.A.E. This came after the White House ruled out any further extension of the August 1 tariff deadline. Trump also announced a 50% tariff on copper imports, which is expected to impact metal and mining stocks.

On Tuesday, the domestic bourses extended their consolidation phase for another session but ended marginally higher, supported by a surge in last-hour buying. Sectoral trends remained mixed, with realty, financials, and banking leading the gains, while pharma and auto underperformed. The brader indices witnessed volatility and closed with marginal losses. The BSE Sensex ended 270 points, or 0.32%, higher at 83,712.51, while the Nifty 50 settled at 25,522.50, up 61.20 points, or 0.24%.

Wall Street slips as investors await tariff clarity

In overnight trade, U.S. stocks ended on a subdued note as caution prevailed in the market due to conflicting signals from Trump on trade. The sentiment was dented after Trump ruled out extending his August 1 tariff start date. The S&P 500 ended lower by 0.07%, the Nasdaq Composite rose marginally by 0.03%, and the Dow Jones Industrial Average settled down by 0.37%.

Asia markets mixed amid Trump’s tariff deadline

The equity markets in the Asia-Pacific region witnessed a mixed trend on Wednesday, tracking muted cues from Wall Street, which ended flat overnight. Investors assessed Trump's latest tariff threats on 14 trading partners after he said that there would be no changes or extensions granted to the August 1 deadline. Adding to the woes, he also announced a steep 50% tariff on copper imports.

Japan’s Nikkei 225 index was trading flat with a negative bias, while Hong Kong’s Hang Seng was leading the fall with a 0.8% loss. South Korea’s Kospi rose 0.3%, while China’s Shanghai Composite and Singapore’s Straits Times gained 0.2% each. Among others, Indonesia’s Jakarta Composite and Taiwan Weighted index were up by 0.3%, whereas Australia’s ASX 200 was down 0.25% in the final hour of trade.

Stocks to watch

Metal and mining stocks: Shares of metal and mining companies will be in focus after the U.S. government announced a steep 50% tariff on copper imports.

Dixon Technologies : The company has entered into a joint venture called Lightanium Technologies Pvt Ltd with Signify Innovations India to expand its presence in the lighting sector.

Ola Electric Mobility : The e-mobility company has announced the large-scale rollout of its in-house developed software, MoveOS 5, which is designed for use in both the S1 series of scooters and the newly launched Roadster X motorcycles.

Tata Steel : The country’s largest steel maker’s India production volumes stood at 5.26 million tonnes in the June quarter of FY26, registering a slight decline of 0.2% compared to 5.27 million tonnes in the year-ago period.

JSW Steel : The JSW group company reported a 14% year-on-year increase in consolidated crude steel production, reaching 7.26 million tonnes in the first quarter of FY26.

KPI Green Energy: The company has received government approval to establish a special purpose vehicle (SPV) named KPIN Clean Power Four LLP.

Bajel Projects: The firm plans to increase the galvanisation capacity of its Ranjangaon plant from 40,500 MT to 1,10,000 MT per annum by FY27, with an investment of ₹170 crore, funded through internal accruals and debt.

Union Bank of India : The public sector bank has reported a 5% year-on-year growth in total business for the first quarter of FY26, reaching ₹22.1 lakh crore compared to ₹21.08 lakh crore in the same period last year.

Tata Motors : The auto major posted a 9% year-on-year decline in global wholesales for the first quarter of FY26, with total sales standing at 2,99,664 units.

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