The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 24,757 level, a discount of nearly 37 points from the Nifty futures’ previous close.

Indian shares declined on Tuesday as investors stayed cautious after U.S. President Donald Trump's renewed threat of harsh tariffs on goods from India over the country's purchases of Russian oil and ahead of the local central bank policy decision.

GIFT Nifty traded 24,535.50, down 95 points, a discount of 92 points from the Nifty futures’ previous close, indicating a muted start for the Indian stock market on Aug. 7, 2025.