On Monday, July 14, the Nifty 50 and Sensex are likely to open on a muted note, following mixed global cues.
As of 7:15 AM, the GIFT Nifty was trading near the 25,175 mark, down 16 points from its previous close, indicating a likely slightly lower opening for the Indian market.
Asian markets were trading mixed on Monday morning amid the imposition of a 30% tariff on Mexico and the European Union, while the US stock market retreated slightly from its all-time highs set on Thursday.
This week, investors will now focus on key domestic macro data, including CPI and WPI inflation prints, while tracking ongoing Q1 earnings and updates on the India–US trade deal.
The earnings season has officially begun, with TCS reporting below-par results. As per the earnings calendar, more than 50 companies will be declaring their June quarter results this week.
HCL Technologies, Authum Investment & Infrastucture, Tata Technologies, Ola Electric Mobility, Tejas Networks, Rallis India, Sambhv Steel Tubes and NELCO will announce their Q1 earnings today.
On Friday, July 11, Foreign Institutional Investors (FIIs) were net sellers, having sold equities worth ₹5,104.22 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totalling ₹3,558.63 crore during the same session.
Indian stock markets ended lower on Friday, marking a weekly decline as investors booked profits and concerns grew over rising global trade tensions, particularly after the U.S. imposed new tariffs on Canada.
The BSE Sensex closed down by 689.81 points, or 0.8%, settling at 82,500.47. Similarly, the NSE Nifty 50 lost 205.40 points, or 0.8%, to close at 25,149.85.
Asian markets open on a mixed note on Monday as investors react to the 30% tariffs imposed by U.S. President Donald Trump on the European Union and Mexico over the weekend.
U.S. stocks slipped on Friday following comments from President Trump, who proposed a 35% tariff on Canadian imports and hinted at broader tariff increases on other trade partners.
The S&P 500 eased by 0.3%, while the Nasdaq Composite edged down 0.2%, retreating slightly from their all-time highs set on Thursday. The Dow Jones Industrial Average led the losses, falling 0.6%—a drop of more than 250 points.
On Saturday, US President Donald Trump announced a 30% tariff on imports from the EU and Mexico starting August 1. Both regions criticised the move but expressed readiness to continue trade talks.
As per a Bloomberg report, the United States is working toward finalising a temporary trade agreement with India that may reduce the proposed tariff rate to below 20%. In contrast to many other countries that were recently issued formal tariff demand notices, India is not anticipated to receive such a letter. Instead, the agreement is expected to be formally announced through an official statement.
Gold prices reached a three-week peak on Monday, driven by increased safe-haven buying. The uptick followed U.S. President Donald Trump's announcement of a potential 30% tariff on imports from the European Union and Mexico, heightening global trade tensions.
The euro slipped to its lowest level in three weeks, and the Mexican peso also weakened on Monday. Both currencies reacted to concerns stemming from Trump’s threat to impose steep tariffs on key trading partners starting August 1.
Oil prices edged higher on Monday, building on over 2% gains from the previous session. While expectations of new U.S. sanctions on Russia raised fears of tighter global supply, an increase in Saudi Arabian production, and uncertainty around trade tariffs kept further gains in check.
Disclaimer: The article is for informational purposes only and not investment advice.
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