Sensex Today Tanks 765 Points | Nifty Below 24,400 | 3 Reasons Why Indian Share Markets Are Falling

Fri, 8 Aug Closing

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After opening the day lower, the benchmark indices continued their downward momentum, ended the session in red.

Indian equity markets indices Sensex and Nifty ended lower on Friday after the US President Donald Trump ruled out any trade negotiations with India amid the ongoing tariff standoff.

At the closing bell, the BSE Sensex closed lower by 765 points (down 0.9%).

Meanwhile, the NSE Nifty closed 232 points lower (down 0.9%).

Trent, Titan Company, NTPC among the top gainers today.

Bharti Airtel, Tata Motors, Kotak Mahindra on the hand, were among the top losers today.

The GIFT Nifty was trading at 24,393 lower by 301 points at the time of writing.

The BSE MidCap index ended 1.5% lower and BSE SmallCap index ended 1% lower.

Sectoral indices are trading negative today with stocks in auto and metal witnessed selling pressure.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at Rs 87.7 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% higher at Rs 101,806 per 10 grams.

Meanwhile, silver prices were trading 0.5% higher at Rs 114,900 per 1 kg.

Here are three reasons why Indian share markets are falling

#1 Trump's Tariff

The 50% US tariff on Indian imports will mainly hurt export-oriented sectors like textiles and gems, jewellery, with a limited impact on India's overall economy.

The market remains uncertain due to Trump's unpredictable nature. Trade talks between the US and India are now on hold until the tariff issue is resolved.

#2 Weak Q1 earnings

India Inc's Q1 earnings were mixed and unimpressive, failing to lift the market's gloomy mood. The Trump tariff has dampened expectations of significant growth, with the market remaining weak both technically and fundamentally.

#3 Relentless FPI outflow

Foreign portfolio investors (FPIs) are aggressively selling Indian stocks, keeping the market down. They've sold Rs 476.7 billion (bn) worth of stocks in July and Rs 159.5 bn in August so far. FPIs are likely to continue selling due to weak market indicators and high valuations but sustained buying by domestic investors may prevent a market crash.

Speaking of the stock market, research analyst Rahul Shah, in his latest video, shares a simple long-term investing approach inspired by Thomas Russo and Warren Buffets.

He talks about choosing a few strong Indian companies that are easy to understand, consistently earn good profits, have honest management, and are reasonably priced.

Its highlights include a 10-stock portfolio created in 2014 using these four filters. Over 10 years, this portfolio did better than the Sensex and BSE 500.

He believes this proves that staying patient and focused can lead to strong returns in the Indian market.

Let's dig deeper into this.

Kalyan Jewellers Announces Q1 Results

In the news from metal sector, shares of Kalyan Jewellers came in focus after the company posted its Q1 FY26 results.

The company's operating revenue in Q1 FY25 was Rs 72.7 billion (bn), a 31% YoY increase compared to Rs 55.3 bn in the first quarter of the 2024-25 fiscal year (Q1 FY25).

At the operational level, Kalyan Jewellers' EBITDA increased by 38% to Rs 5.1 bn from Rs 3.7 bn in the same quarter of the prior fiscal year. In Q1 FY26, the EBITDA margin remained unchanged at 7% compared to 6.6% YoY.

In comparison to the same period in the previous fiscal year, the company's overseas operations generated Rs 10.7 bn in revenue during the reporting quarter, a 32% increase. For the first quarter of FY26, Middle East revenue and PAT were Rs 10.3 bn and Rs 0.2 bn, respectively, representing growths of 27% and 18%.

Kalyan Jewellers' net profit rose 48% to Rs 2.6 bn in Q1 FY26 compared to Rs 1.8 bn in the same quarter last year.

Cummins India's Q1 Profit Up 40%

Moving on to the news from engineering sector, shares of Cummins India jumped 4% after the company reported its Q1 FY26 results.

Due to robust domestic and export sales, Cummins India's revenue increased 26.2% to Rs 29.1 bn from Rs 23 bn the previous year.

The EBITDA of Cummins India increased by 33.4% to Rs 6.4 bn from Rs 4.6 bn the previous year.

The operating margin increased to 21.4% from 20.3% the previous year.

Cummins India's net profit rose 40.3% to Rs 5.8 bn in Q1 FY26, driven by robust demand and efficient execution, delivering a strong set of earnings.

According to MD of Cummins India, the company's revenue increased due of consistent demand and improved order execution, which resulted in a record quarterly profit driven by volume and operational efficiency.

She also noted that despite global uncertainties, India's economic outlook remains strong due to government infrastructure initiatives and low inflation.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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