Global Market Cues

Overnight, US markets closed higher, with both the S&P 500 and Nasdaq Composite reaching new all-time highs on Thursday, July 10, 2025. The S&P 500 rose 0.3% to 6,280.46, and the Nasdaq edged up 0.1% to 20,630.66, marking a new high for the second consecutive day. The Dow Jones Industrial Average also gained 0.4% to finish at 44,650.64. This rally was fueled by strong corporate earnings, notably Delta Air Lines' solid outlook, which spurred a broader airline stock rally. Nvidia also briefly touched a $4 trillion market capitalization. Despite these gains, US President Donald Trump's announcements of new tariffs, including a 50% tariff on copper imports and a 35% tariff on Canadian imports, introduced a degree of uncertainty.

European markets closed mixed to broadly higher on Thursday. The pan-European Stoxx 600 gained 0.54%, and the UK's FTSE 100 climbed to a record high, settling with a gain of 1.23%. France's CAC 40 closed up 0.3%, while Germany's DAX ended slightly down by 0.38%, despite recording a new all-time high. Optimism surrounding a potential EU-US trade deal contributed to the positive sentiment in some regions.

Asian markets displayed a mixed performance in early Friday trading. Japan's Nikkei 225 was up 0.21%, and the Topix advanced 0.71%. South Korea's Kospi climbed 0.013%, and the Kosdaq also saw gains. Australia's S&P/ASX 200 inched up 0.14%. However, some reports noted a mixed start due to the lingering impact of President Trump's tariff announcements.

GIFT Nifty and Domestic Cues

GIFT Nifty futures are signaling a gap-down opening for the Indian market on Friday. As of approximately 7:05 AM IST, GIFT Nifty futures were trading 137 points lower at 25,285, indicating a negative start for the domestic bourses. Earlier, around 2:30 AM IST, it was reported to be down 237.5 points (-0.93%) at 25,336.5.

On Thursday, July 10, 2025, Indian benchmark equity indices extended their losses for a second consecutive session. The Nifty 50 declined by 0.47% to close at 25,355.25, while the Sensex fell 0.41% to settle at 83,190.28. The rupee showed slight strengthening against the US dollar, closing at 85.70, supported by optimism regarding a potential US-India trade deal.

Domestic institutional investors (DIIs) remained net buyers, purchasing shares worth ₹20.50 crore on July 10, while foreign institutional investors (FIIs) also net bought shares worth ₹585.96 crore. Technically, the Nifty 50 formed a Bearish Harami candlestick pattern, indicating short-term weakness. Key support levels for Nifty are identified at 25,250–25,200, with resistance at 25,400 and 25,500.

Key Stocks in Focus

• TCS: Investors will react to the company's Q1FY26 earnings, which showed a 1.6% QoQ decline in revenue and a 1% drop in EBIT, although net profit was up 4.4%. The management noted that high single-digit growth in FY26 looks challenging.
• IREDA and Ananda Rathi: These companies also announced their Q1 results, which will be watched by the market.
• Ex-Dividend Stocks: Several prominent companies will trade ex-dividend today, July 11, 2025, including Shriram Finance, IDFC First Bank, Apollo Tyres, Zydus Wellness, Atul, Nilkamal, and Jenburkt Pharmaceuticals.
• Hindustan Copper and RBL Bank: These stocks are currently in the F&O ban period.
• DMart, HUL, ZEE: These stocks are expected to be in focus due to recent news and earnings developments.

Key Events to Watch Today

• Q1 Earnings Reactions: The market will continue to react to the Q1FY26 earnings results from companies like TCS, IREDA, and Ananda Rathi.
• Weekly Expiry: The weekly options expiry could lead to increased volatility and choppiness in the market.
• Trade Deal Discussions: Developments related to India-US trade deal discussions will remain a key focus.
• Global Tariff Impact: The ongoing implications of US President Trump's new tariff announcements will be closely monitored.
• Economic Data: Key economic data releases include India's Bank Loan Growth, as well as the SECO Consumer Climate, French Final CPI m/m, and German Final CPI m/m.
• CII Conference: The CII Conference Industrial Pollution Control is scheduled in Visakhapatnam today.

TAGS: Pre-Market, Stock Market, Nifty, Sensex, Market Update

Tags: Pre-Market Stock Market Nifty Sensex Market Update

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