On Friday, July 11, the Nifty 50 and Sensex are likely to open on a negative note, following weak global cues.
As of 7:19 AM, the GIFT Nifty was trading near the 25,285 mark, down 125 points from its previous close, indicating a likely gap-down opening for the Indian market.
Asian markets were trading mixed, while the US stock market ended higher overnight, with the S&P 500 and the Nasdaq Composite closing at record highs.
The key negative catalysts for the market currently are:
With the Q1FY26 earnings season underway, TCS announced its results on July 10, 2025. As more companies report, stock-specific opportunities are expected to emerge on both sides of the market.
Tata Consultancy Services (TCS) reported its Q1 FY26 results for the quarter ended June 30, 2025, showcasing operational resilience and a strong order book. Consolidated revenue stood at ₹63,437 crore, up 1.3% year-on-year, though down 3.1% in constant currency terms. The company posted a net income of ₹12,760 crore, reflecting a 6% YoY growth, with a net margin of 20.1%, up 90 basis points from the previous year.
Operating margin improved to 24.5%, up 30 bps quarter-on-quarter, while net cash from operations came in at ₹12,804 crore, accounting for 100.3% of net income. The Total Contract Value (TCV) for the quarter reached $9.4 billion. TCS added 6,071 employees over the year, taking its total workforce to 613,069, while the LTM attrition rate in IT services stood at 13.8%.
The board declared an interim dividend of ₹11 per share, with a record date of July 16, 2025, and payment scheduled for August 4, 2025.
On Thursday, July 11, Foreign Institutional Investors (FIIs) were net buyers, having bought equities worth ₹221.06 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totalling ₹591.33 crore during the same session.
On Thursday, Indian stock markets witnessed a second straight day of decline, with key indices ending in the red. The Nifty 50 slipped below the 25,400 mark, finishing the session at 25,355.25, down by 120.85 points or 0.47%. Meanwhile, the Sensex dropped 345.80 points, or 0.41%, to close at 83,190.28.
Asian markets traded on a mixed note after Wall Street indices posted record closing highs overnight.
U.S. stock markets closed on a positive note Thursday, with the S&P 500 and Nasdaq Composite reaching new all-time highs. The Dow Jones Industrial Average climbed 192.34 points, or 0.43%, to settle at 44,650.64. The S&P 500 edged up by 17.20 points, or 0.27%, ending the session at 6,280.46. Meanwhile, the Nasdaq Composite added 19.33 points, or 0.09%, finishing at 20,630.67.
Former U.S. President Donald Trump announced that a 35% tariff would be applied to Canadian imports starting next month. Additionally, he revealed plans to introduce broad tariffs ranging between 15% and 20% on goods from most other trading partners.
Fewer Americans applied for unemployment benefits last week, with new jobless claims falling for the fourth consecutive week. For the week ending July 5, initial applications for state unemployment aid dropped by 5,000 to a seasonally adjusted total of 227,000 — marking the lowest level seen in the past seven weeks.
Bitcoin surged to a new all-time high, driven by strong interest from institutional investors. The leading cryptocurrency touched a record level of $116,608.78 and was recently trading 4.01% higher at $115,561.07. Ethereum also saw upward momentum, rising 6.02% to reach $2,932.86.
Meanwhile, crude oil prices showed signs of stability after a 2% decline in the previous session. Brent crude edged up by 0.34% to $68.87 per barrel, while US West Texas Intermediate (WTI) crude rose 0.47%, reaching $66.88 per barrel.
Disclaimer: The article is for informational purposes only and not investment advice.
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