On Thursday, July 10, the Nifty 50 and Sensex are likely to open on a positive note, following weak global market cues after U.S. President Donald Trump slapped 50% tariffs on imports from Brazil.
As of 7:34 AM, the GIFT Nifty was trading near the 25,555 mark, up 25 points from its previous close, indicating that the Indian market is likely to open higher.
Asian markets traded mixed as investors reacted to Trump's tariff on Brazil. U.S. markets ended higher. Nvidia shares climbed 1.8%, helping drive the rally, as the company became the first to hit a $4 trillion market valuation.
As the Q1FY26 earnings season kicks in from today, TCS will announce its results on July 10, 2025. Investors will watch for updates on profit growth, the BSNL deal impact, hiring plans, margin outlook, and deal wins in AI and cloud services.
On Wednesday, July 9, Foreign Institutional Investors (FIIs) were net buyers, having bought equities worth ₹77 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totalling ₹920.83 crore during the same session.
On Wednesday, July 9, Indian stock market benchmarks ended in the red, snapping a three-day winning streak as investors turned cautious. Concerns around potential U.S. tariffs and the upcoming Q1FY26 earnings season led to reduced risk appetite. The Sensex dropped by 176 points (0.21%) to settle at 83,536.08, while the Nifty 50 closed 46 points (0.18%) lower at 25,476.10.
Asian markets showed a mixed start on Thursday after U.S. President Donald Trump declared that a 50% tariff on imports from Brazil will take effect from August 1.
On Wednesday, July 9, U.S. markets ended higher, led by strength in technology shares. The S&P 500 rose 0.61%, while the Nasdaq Composite gained 0.94% to register a new record close. The Dow Jones Industrial Average also moved up by 217.54 points, or 0.49%. Nvidia shares climbed 1.8%, helping drive the rally, as the company became the first to hit a $4 trillion market valuation. Investors also kept an eye on the latest tariff updates from President Donald Trump.
U.S. President Donald Trump announced a sharp hike in tariffs on Brazilian imports, raising the rate to 50% starting August 1. This marks a significant jump from the previous 10% rate imposed in April. In a formal letter, Trump cited what he called an “unfair trade relationship” with Brazil as the reason behind the tariff increase. He also linked the decision to ongoing legal actions involving Brazil’s former president, Jair Bolsonaro, indicating that the move partly stems from political concerns.
The minutes from the Federal Reserve's mid-June meeting indicated that most officials believe interest rate cuts will likely be appropriate later this year, despite viewing the inflationary impact of Trump’s import tariffs as “temporary or modest.” However, there was limited backing for initiating a rate cut at the July meeting.
Gold prices moved slightly higher on Thursday, supported by a softer U.S. dollar and investor caution following new tariff measures announced by U.S. President Donald Trump. Market participants remained focused on trade developments for further cues.
Meanwhile, oil prices declined as the fresh tariff threats were seen as a risk to global economic growth, potentially impacting future demand for crude.
The U.S. dollar eased from its recent two-week high against major currencies, as the latest trade actions had limited market impact overall, except in Brazil, where the real dropped up to 2.8% after a proposed 50% tariff rattled sentiment.
Disclaimer: The article is for informational purposes only and not investment advice.
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