On Monday, July 28, Gift Nifty is indicating a muted start for the benchmark Nifty, following global cues and uninspiring Q1FY26 earnings.
Asian markets traded mixed on Monday as investors await more details of the US-China trade talks. While the US stock market ended higher last week and US stock futures on Monday were seen trading in green after President Donald Trump signed a framework trade agreement with the European Union (EU).
As of 7:16 AM, the GIFT Nifty was trading near the 24,821 mark, down 21 points from its previous close.
This week, market participants are expected to keep a close watch on several key triggers, such as updates on the US-India trade agreement, the upcoming US Federal Reserve meeting, auto sales figures, IPO activity, Q1 earnings announcements and other crucial domestic and global economic indicators.
Market participants are likely to react to Kotak Bank and IDFC First Bank's Q1 earnings, announced post-market on Friday.
Bharat Electronics, Adani Green Energy Limited, Torrent Pharmaceuticals, GAIL India, Mazagon Dock Shipbuilders, Waaree Energies, NTPC Green Energy, Adani Total Gas, IndusInd Bank and Nippon Life India Asset Management will announce their Q1 earnings today.
On Friday, July 25, Foreign Institutional Investors (FIIs) were net sellers, having sold equities worth ₹1,979.96 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totalling ₹2,138.59 crore during the same session.
On Friday, Indian equities finished with significant declines, marking the second straight day of losses. The Sensex slipped 721.08 points, or 0.88 per cent, ending at 81,463.09, while the Nifty 50 dropped 225.10 points, or 0.90 per cent, to settle at 24,837.
The US stock market finished higher on Friday, driven by optimism surrounding a potential trade agreement between the US and the European Union (EU). Both the S&P 500 and Nasdaq ended at new record highs. The Dow Jones Industrial Average advanced 0.47% to close at 44,901.92, while the S&P 500 gained 0.40%, finishing at 6,388.64. The Nasdaq edged up 0.24% to settle at 21,108.32. Over the week, the S&P 500 climbed 1.5%, the Nasdaq added 1%, and the Dow rose 1.3%.
The United States has reached a framework trade agreement with the European Union, introducing a 15% tariff on the majority of EU imports. The announcement was made jointly by US President Donald Trump and European Commission President Ursula von der Leyen, with the new tariff structure set to take effect on August 1.
The US dollar edged lower as the euro strengthened following the recently agreed trade pact between the United States and the European Union. The dollar index, which measures the greenback against a basket of major currencies, slipped 0.1% to 97.534.
Gold prices retreated to a near two-week low as the trade agreement reduced demand for safe-haven assets. Spot gold declined 0.1% to $3,332.39 per ounce after hitting its weakest level since July 17, with US gold futures easing to $3,332.50.
Oil prices moved higher on optimism surrounding the US-EU trade deal and expectations of an extended tariff pause with China. Brent crude futures rose 0.34% to $68.67 per barrel, while US West Texas Intermediate (WTI) crude gained 0.32% to $65.37 per barrel.
Disclaimer: The article is for informational purposes only and not investment advice.
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