First Trade: Sensex slips 39 points to near 83,400; Godrej Consumer surges 5%

The market opened on a weak note Monday as global trade concerns weighed on sentiment. The BSE Sensex fell 39 points in early trade to hover near the 83,400 mark, while the Nifty50 dipped below 25,500 amid muted investor mood following US Treasury Secretary Scott Bessent’s comments on new tariffs starting August 1 for nations yet to finalize trade deals with the Trump administration.

At last check, the Sensex was down 105 points (0.13%) at 83,328, and the Nifty50 was trading at 25,411, lower by 50 points (0.20%). The broader market was also under pressure, with the Nifty MidCap down 0.29% and SmallCap down 0.50%.

Stock in focus: 

Godrej Consumer Products led early gainers, jumping 5%, followed by a 3% rise in Senco Gold.

Other stocks expected to remain in focus today include IndusInd Bank, Bank of India, Dabur India, Rail Vikas Nigam, Hazoor Multi Projects, BEML, Mahindra Lifespace Developers, Shilpa Medicare, and Tata Steel.

IPO Watch: 

Travel Food Services IPO opened for subscription on the mainboard today. Crizac IPO allotment is set to be finalized. In the SME segment, listings are expected from Vandan Foods, Cedaar Textiles, Pushpa Jewellers, and Silky Overseas. Meanwhile, Happy Square Outsourcing and Cryogenic OGS IPOs close for subscription; Meta Infotech IPO enters its second day, and new offers from Smarten Power Systems and Chemkart India open today.