# As we write, the benchmark Nifty is seen trading with negative bias.

Blame it on the relationship between India and the US which is facing one of its most significant challenges in decades, after the US President Donald Trump has doubled tariffs on India from 25% to 50% (Of this 50%, the additional 25% tariffs, however, will kick in from August 27).

The Trump administration is unhappy and has insisted India to stop buying Russian oil or face punitive tariffs.

# Meanwhile, India has been really hit hard on the tariff front as the Trump administration is targeting New Delhi for purchasing Russian arms and energy.

India’s Prime Minister Narendra Modi has told Indian farmers that he will ‘never compromise’ in face of 50% US tariffs

Long Story short: Amidst this backdrop, Hope recede for the sixth round of talks for tariff front starts on August 25 in New Delhi.

Technically speaking, Nifty’s immediate support seen nly at its 200-DMA at 24045 mark.

# STOCKS IN SPOTLIGHT:

1) Biocon (-2.87%) drops after Q1 PAT tumbles 95% YoY to Rs 31 cr despite of 15.8% jump in Net sales to Rs 3,910.10 crore in Q1 FY26 over Q1 FY25.

2) HPCL (+1.3%) gains as Q1 PAT skyrockets 1,128% YoY to Rs 4,371 crore; board approves Rs 10,000 cr fundraising plan; year-on-year (YoY) increase from Rs 355.80 crore in the same quarter last year.

3) Titan Company (+1.97%) edges higher after Q1 PAT rises over 52% YoY to Rs 1,091 crore on a 20.4% rise in operating revenue to Rs 14,673 crore in Q1 FY26 as compared with Q1 FY25.

4) Life Insurance Corp (+3.24%) zooms higher after Q1 PAT jumps 5% YoY to Rs 10,987 cr
Life Insurance Corporation of India surged 3.64% to Rs 918.35 after the company reported 5.02% jump in standalone net profit to Rs 10,986.51 crore on 5.66% rise in total income to Rs 2,22,863.61 crore in Q1 FY26 over Q1 FY25.

5) PTC India (-1.84%) Q1 profit jumps 61% to ₹243 cr mainly due to lower expenses. The firms Profit After Tax (PAT) from continuing operation was at Rs 150.76 crore in the year-ago period. Total expenses declined to Rs 3,815.49 crore from Rs 4,486.14 crore, a company statement said.

6) Apollo Tyres (-0.89%) traded sluggish after its net profit came in at ₹12.8 crore for the June quarter on one-time expense of Rs 368.5 crore for the restructuring process. Revenue from operations in the quarter rose to Rs 6,561 crore as compared with Rs 6,335 crore in the year-ago period, Apollo Tyres said in a statement.

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This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.