Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Market Holds Nerves on Bets Trump Will Retreat on Tariffs
Mint New Delhi
|August 01, 2025
The Nifty 50 closed above its crucial support zone of 24,500-24,600 points
A surprise 25% tariff imposed by the US on Indian exports, coupled with threats of penalties for buying Russian oil, rattled equity market investors early in the session on Thursday. However, strong buying helped the market stabilize, reflecting cautious optimism over tariff easing—a potential policy change that analysts call a "Taco trade", shorthand for "Trump always chickens out".
The benchmark Nifty 50 opened 200 points lower and then recovered, but eventually ended the session 86 points lower at 24,768.35. The day, the last Thursday of the month, also marked the expiration of the July derivatives series, leading traders to roll over positions amid the ongoing uncertainty.
This story is from the August 01, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
Work to link UPI, Europe's fast payment system starts
After discussions with the European Central Bank on linking UPI with Europe's TIPS instant payment system, the Reserve Bank of India (RBI) has started the implementation phase of the UPI-TIPS integration in partnership with NPCI International Payments Ltd.
1 min
November 22, 2025
Mint New Delhi
Why selling out has become normalised
The indie scene was once built on a siege mentality. But when film music has overtaken everything, does holding out for principles hold any meaning?
6 mins
November 22, 2025
Mint New Delhi
Gratuity and benefits to soar for millions of employees
The government on Friday implemented four new labour codes, marking the biggest overhaul of workers’ laws in decades.
2 mins
November 22, 2025
Mint New Delhi
Finding inspiration in the chessboard
In his latest exhibition in Mumbai, artist Arvind Sundar explores the synergy between chess, art and mathematics
3 mins
November 22, 2025
Mint New Delhi
Space startup Agnikul raises ₹150 crore
Aerospace startup Agnikul has raised ₹150 crore in a Series C round, two people familiar with the matter told Mint, after its earlier plan to raise up to $50 million failed to draw sufficient investor interest.
1 mins
November 22, 2025
Mint New Delhi
For Sid Sriram, the stage is home
From the movie 'Kadal' to Coachella, the singer celebrates his Carnatic roots as he embarks on a multi-city concert tour
2 mins
November 22, 2025
Mint New Delhi
Put kids in the audience, not just on stage
Theatre isn't about the spotlight; it is also about understanding, appreciating and enjoying art
4 mins
November 22, 2025
Mint New Delhi
Govt tells SC it will ensure ISL is held
Offering a glimmer of hope for football fans, the Centre told the Supreme Court on Friday that it will take steps to conduct the Indian Super League (ISL) 2025-26 season, as the over ₹450 crore tournament failed to attract a single bidder amid administrative and fiscal uncertainty within the All India Football Federation (AIFF).
1 min
November 22, 2025
Mint New Delhi
Daniel Ervér STYLE CHECK
The H&M group CEO on completing 10 years in the Indian market, using digital twins in fashion, and the big challenge of sustainability
6 mins
November 22, 2025
Mint New Delhi
The sweet legacy of Murshidabad
Get a taste of a unique culinary heritage shaped by migration and royalty in this Bengal town
2 mins
November 22, 2025
Listen
Translate
Change font size