On Tuesday, July 15, the Nifty 50 and Sensex are likely to witness a tepid start, following mixed global cues.
As of 7:20 AM, the GIFT Nifty was trading near the 25,169 mark, up 17 points from its previous close, indicating a likely tepid start with a positive bias.
Asian markets remained mixed in trading on Tuesday, reflecting investor caution. As we start Tuesday’s trade, market participants need to keep in mind that around 23 countries have received letters from the U.S. President. Also, Tariffs of 50% on imports from Brazil remain the highest announced so far.
Overnight in the U.S., both the S&P 500 and Nasdaq Composite ended slightly higher. Market participants held back from making significant moves amid fresh tariff warnings from President Donald Trump and ahead of a busy week featuring key economic reports and the start of the earnings season.
We will spy with one big eye if Nifty bulls can battle out Trump’s tariff threats and global trade war which seems as rampant as ever.
Working in the favour of the bulls is that the retail inflation cooled to 2.1% in June, its slowest pace since January 2019, while wholesale inflation slipped to a 21-month low of -0.13%, the first negative print since October 2023, according to provisional data released on Monday
As per the earnings calendar, more than 50 companies will be declaring their June quarter results this week.
ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, HDB Financial Services, Bank of Maharashtra, AWL Agri Business, Himadri Speciality Chemical, Network 18 Media & Investments and Just Dial will announce their Q1 earnings today.
On Monday, July 14, Foreign Institutional Investors (FIIs) were net sellers, having sold equities worth ₹1,614.32 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totalling ₹1,787.68 crore during the same session.
Benchmark indices Sensex and Nifty extended their losing streak for the fourth straight session on Monday, dragged down by persistent selling in IT shares and ongoing foreign fund outflows.
The BSE Sensex fell 247.01 points, or 0.30%, settling at 82,253.46. During the day, it had dropped as much as 490.09 points, or 0.59%, hitting an intraday low of 82,010.38 before recovering part of the losses. The NSE Nifty also closed in the red, slipping 67.55 points, or 0.27%, to finish at 25,082.30.
Asian markets showed a mixed trend on Tuesday, July 15, as investors remained uncertain over the U.S. President Donald Trump’s tariff tantrum. All eyes will be on key economic data from China.
China is preparing to announce its GDP data for the second quarter, which is expected to show growth slightly above the government’s annual target of 5%. This stronger-than-anticipated performance may ease the pressure for any urgent policy stimulus in the near term.
In the first half of the year, China recorded a record trade surplus of nearly $586 billion. This came as exports to the U.S. began to stabilise and Chinese manufacturers adjusted to the challenges posed by global trade tensions and tariffs.
U.S. stock markets posted modest gains on Monday, with investors showing restraint amid new tariff warnings from President Donald Trump. Caution prevailed as traders awaited a busy week filled with key economic reports and the start of the corporate earnings season.
The Dow Jones Industrial Average rose by 88.14 points (0.20%) to settle at 44,459.65. The S&P 500 inched up 8.81 points (0.14%) to close at 6,268.56, while the Nasdaq Composite advanced 54.80 points (0.27%), ending the session at 20,640.33.
During a meeting at the White House with NATO Secretary General Mark Rutte on Monday, President Donald Trump issued a stern warning that he would enforce “secondary tariffs” of nearly 100% on nations continuing to trade with Russia.
He stated that if Russian President Vladimir Putin does not agree to a resolution to end the Ukraine conflict within the next 50 days, these steep tariffs would be implemented. Trump emphasised the seriousness of the situation, saying, “We’re extremely dissatisfied, and unless there’s a deal within 50 days, expect very severe tariffs — about 100% — which are referred to as secondary tariffs.”
Gold prices edged down slightly after reaching a three-week high earlier on Monday, as traders closely monitored global trade talks and awaited key U.S. economic data. Despite the minor pullback, silver prices soared, hitting their highest level since September 2011. Spot gold was trading at $3,350.97 per ounce, down 0.1%, after briefly touching levels not seen since June 23.
Oil prices saw a modest decline on Tuesday amid geopolitical tensions and ongoing trade uncertainties. Market participants reacted to U.S. President Donald Trump’s 50-day deadline for Russia to resolve the Ukraine conflict, warning of sanctions on Russian oil buyers if unmet. Brent crude slipped 5 cents to $69.16 per barrel, while U.S. West Texas Intermediate (WTI) eased 9 cents to settle at $66.89.
Disclaimer: The article is for informational purposes only and not investment advice.
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