On Wednesday, July 16, the Nifty 50 and Sensex are likely to witness a lower opening, following U.S. Inflation data and mixed global cues.
As of 7:20 AM, the GIFT Nifty was trading near the 25,179 mark, down 86 points from its previous close, indicating a nervous start for the Indian benchmark indices.
Asian markets traded lower, while the US stock market ended mixed overnight, with the Nasdaq posting its record close.
In the Indian stock market, the broader market has been rising since the last two trading sessions, with individual stock movements influenced by Q1 FY26 earnings reports and commentary from company management. As per the earnings calendar, more than 50 companies will be declaring their June quarter results this week.
Tech Mahindra, ITC Hotels, LT Technology Services, Angel One, Kalpataru, LE Travenues Technology (IXIGO), DB Corp, JTL Industries, Oriental Hotels, Lotus Chocolate Company and Reliance Industrial Infrastructure will announce their Q1 earnings today.
On Tuesday, July 15, Foreign Institutional Investors (FIIs) were net buyers, having bought equities worth ₹120.47 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totalling ₹1,555.03 crore during the same session.
The Sentiments could stumble as sticky U.S. inflation is likely to concern FIIs camp.
On Tuesday, the Indian stock market witnessed broad-based buying across multiple sectors, helping the benchmark indices Sensex and Nifty 50 rebound after four consecutive sessions of losses. The Sensex ended the day higher by 317 points, or 0.39%, closing at 82,570.91. The Nifty 50 also posted gains, adding 114 points, or 0.45%, to settle at 25,195.80.
In the broader market, mid- and small-cap stocks continued their upward trend. The BSE Midcap index recorded a rise of 0.83%, while the Smallcap index moved up by 0.95%..
Asian markets declined after U.S. President Donald Trump announced on Tuesday that a preliminary trade deal had been reached with Indonesia, under which a 19% tariff would be imposed on Indonesian exports to the United States.
The Nasdaq Composite reached a fresh all-time high on Tuesday, buoyed by a sharp rally in Nvidia shares, even as other major U.S. indices finished lower. Investors showed a subdued reaction to a key inflation report and mixed earnings from major banks.
At the close, the Nasdaq was up 37.47 points or 0.18%, settling at 20,677.80. Meanwhile, the Dow Jones Industrial Average fell 436.36 points, or 0.98%, to 44,023.29, and the S&P 500 slipped 24.80 points, or 0.40%, ending the day at 6,243.76.
U.S. consumer prices rose at the fastest pace in five months during June, with the Consumer Price Index (CPI) climbing 0.3%, following a modest 0.1% increase in May. On a year-over-year basis, inflation stood at 2.7% in June, up from 2.4% the previous month. These figures were broadly in line with expectations.
Oil prices moved higher on Wednesday, supported by expectations of steady demand from the U.S. and China, the two largest oil consumers, amid a positive global economic outlook. Brent crude climbed 29 cents (0.42%) to reach $69 per barrel, while U.S. West Texas Intermediate crude increased by 40 cents (0.6%) to trade at $66.92.
Gold prices saw a modest uptick as investors weighed fresh U.S. inflation data that indicated a rise in consumer prices. Market participants remained cautious, awaiting more details on trade policy developments from President Donald Trump.
Meanwhile, the U.S. dollar strengthened in tandem with Treasury yields, keeping the yen under pressure. The latest inflation figures suggested that tariff impacts might be filtering through to consumer prices, lending support to the greenback.
Disclaimer: The article is for informational purposes only and not investment advice.
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