Stock Market trends this week

For the week ending 8 August 2025, the benchmark Nifty-50 index ended almost 1% lower week on week, at 24,363.30, amid Trump tariff uncertainties. The Bank Nifty at 55,004.90 lost more than a percent. While Pharm, Healthcare, and Realty were other key losers, Metals and Autos managed to outperform. The broader indices also ended more than a percent lower.

Trade Setup for Monday

The zone of 24200-24150 will act as important support, and if the index slips below the 24150 level, then it is likely to extend its southward journey up to the 23750 level. On the upside, 24570-24600 will act as a crucial hurdle for the index, as per Sudeep Shah Vice-President & Head of Technical and Derivatives Research, SBI Securities.

The zone of 54950–54850 will be a critical support area. A sustained move below 54850 could intensify the downtrend, as per Shah.

Global markets today and Q1 Results

In the coming week, attention will turn to domestic CPI and WPI inflation data. Developments in US–India trade relations will also remain in focus amid ongoing discussions over a trade agreement, as per Ajit Mishra, SVP, Research, Religare Broking Ltd.

The earnings season is nearing its end, with key results due from Ashok Leyland, ONGC, IOC, Hindalco Industries, BPCL, and others, which could drive stock-specific action.

Benchmark indices experienced high volatility with a corrective bias, as investor sentiment turned cautious following US President Donald Trump’s executive order imposing an additional 25% import tariff on Indian goods. The action, prompted by India’s continued purchase of Russian oil, raises total US duties on certain Indian exports to 50%—among the steepest tariffs ever imposed on a trade partner by the US.Technically, the index has strong support in the 24,400–24,500 range. This zone aligns with multiple key indicators, including the previous swing low, the 100-day exponential moving average (EMA), and a key Fibonacci retracement level of the recent uptrend.As long as Nifty holds above this support area, the ongoing consolidation phase between 24,400 and 25,000 is expected to remain intact. However, a decisive break below 24,400 may extend the current month-long correction towards the 200-day EMA near the 24,200 level in the sessions ahead.

If the index manages to sustain above the 24,400 levels amid ..

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