On Monday, July 21, the Nifty 50 and Sensex are likely to open on a muted note, following the Q1 FY26 earnings.
As of 7:19 AM, the GIFT Nifty was trading near the 25,020 mark, down 7.5 points from its previous close, indicating a muted start for the Indian benchmark indices.
Asian markets were in green on Monday, while U.S. stock futures awaited earnings from major tech companies.
In the coming week, market participants are expected to track crucial triggers such as updates on the U.S.-India trade agreement, potential U.S. tariff moves, first-quarter earnings reports, IPO activity, foreign fund inflows, and broader global macroeconomic indicators.
Market participants are likely to react to the Q1 earnings of index heavyweights Reliance Industries and HDFC Bank, announced post-market on Friday.
UltraTech Cement, Eternal, IDBI Bank, Havells India, Oberoi Realty, CRISIL, UCO Bank, PNB Housing Finance, DCM Shriram and CIE Automotive India will announce their Q1 earnings today.
On Friday, July 18, Foreign Institutional Investors (FIIs) were net buyers, having bought equities worth ₹374.74 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totalling ₹2,103.51 crore during the same session.
On Friday, Indian equities closed notably weaker as broad-based selling pressure dragged the market down, reflecting a decline in investor risk appetite. The Sensex dropped 501.51 points (0.61%) to end at 81,757.73, while the Nifty 50 slipped 143.05 points (0.57%) to finish at 24,968.40.
On Friday, U.S. markets ended the session almost unchanged after briefly dipping on news that President Donald Trump was pushing for new tariffs on European Union goods. The S&P 500 edged down 0.57 points, or 0.01%, closing at 6,296.79, while the Nasdaq Composite added 10.01 points, or 0.05%, to 20,895.66. The Dow Jones Industrial Average fell 142.30 points, or 0.32%, ending at 44,342.19.
In July, US consumer sentiment showed an uptick, according to the University of Michigan’s Surveys of Consumers. The Consumer Sentiment Index climbed to 61.8 from June’s final reading of 60.7.
The dollar index, which tracks the performance of the US currency against a basket of six major currencies, stood at 98.352.
Crude oil prices inched higher as markets assessed the effects of new European sanctions on Russian supplies alongside increased production from Middle Eastern exporters. Brent crude futures were up 0.25%, trading at $69.45 per barrel, and US West Texas Intermediate futures advanced 0.27% to $67.52 per barrel.
Disclaimer: The article is for informational purposes only and not an investment advice.
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