On Wednesday, July 30, Gift Nifty is indicating a muted start for the benchmark Nifty, following mixed sentiment from global markets.
As of 7:20 AM, the GIFT Nifty was trading near the 24,824 mark, down 15 points from its previous close.
Caution is likely to be the buzzword despite rebound seen on Tuesday in Indian markets as the street braces for the FOMC outcome. Moreover, FIIs continue with their selling streak.
Asian markets traded mixed, while the US stock market ended lower amid cautiousness over US Federal Reserve policy.
US President Donald Trump stated that Indian exports to the United States might be subjected to tariffs of up to 25%, although no final decision has been reached. When questioned by reporters aboard Air Force One about the possibility of imposing a 20–25% tariff on goods from India, Trump replied, “I think so.”
Market participants are likely to react to Larsen & Toubro and NTPC's Q1 earnings, announced post-market on Tuesday.
Power Grid Corporation of India, Interglobe Aviation, Tata Steel, Hyundai Motor India, Punjab National Bank, INDUS TOWERS, Hitachi Energy India, Procter and Gamble Hygiene and Health Care, Kaynes Technology India, KPIT Technologies, Aster DM Healthcare Ltd, Indraprastha Gas, JB Chemicals and Pharmaceuticals and Navin Fluorine International will announce their Q1 earnings today.
On Tuesday, July 29, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth ₹4,636.60 crore, marking a streak of seven consecutive trading sessions of selling. In contrast, Domestic Institutional Investors (DIIs) purchased shares worth ₹6,146.82 crore during the same session, extending their buying streak to 17 consecutive trading sessions.
On July 29, 2025, the Indian stock market ended its three-day losing streak, closing higher as benchmark heavyweights Reliance Industries and Larsen & Toubro led the gains. The Nifty 50 rose 0.57% to 24,821.10, up from 24,680.90 in the previous session, while the BSE Sensex gained 0.55% to close at 81,337.95, compared to 80,891.02 in the prior close.
On Tuesday, U.S. stocks finished in the red as weak corporate earnings weighed on sentiment and traders looked ahead to the Federal Reserve’s upcoming policy decision. The Dow Jones Industrial Average slipped 204.57 points, or 0.46%, to end at 44,632.99. The S&P 500 dropped 18.91 points, or 0.30%, closing at 6,370.86, while the Nasdaq Composite lost 80.29 points, or 0.38%, ending the day at 21,098.29.
US and Chinese negotiators concluded two days of discussions in Stockholm, agreeing to work toward extending their 90-day tariff ceasefire. While no significant progress was reported, US representatives noted that the decision to prolong the truce, set to expire on August 12, rests with President Donald Trump.
Gold prices remained steady as traders awaited the US Federal Reserve’s policy announcement later in the day for signals on potential interest rate cuts. Spot gold was at $3,329.19 per ounce, while US gold futures edged up 0.1% to $3,327.70.
The US dollar index stood at 98.815, near a one-month peak.
Crude oil held on to its biggest single‑day gain in six weeks after US President Donald Trump warned of possible new sanctions on Russia unless a ceasefire with Ukraine is reached. Brent crude inched up 0.12% to $72.60 a barrel, following a 3.5% jump in the prior session, while US WTI crude remained flat at $69.20.
Disclaimer: The article is for informational purposes only and not investment advice.
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