Asian market trends, US-India trade talks, Gift Nifty cues, and gold-dollar dynamics set the tone for Indian equities on July 1.
Mumbai | July 1, 2025 —
The Indian stock market is expected to open on a muted to mildly positive note on Tuesday, with Gift Nifty trading at a slight premium around the 25,635 level. This comes as Wall Street hit fresh record highs, led by the Nasdaq and S&P 500, while Asian indices traded mixed.
Also Read: Wall Street Rallies as Canada Lifts Tech Tax, Reigniting US Trade Hopes
🔑 10 Key Global Cues for Investors Today:
- Wall Street Rally:
The S&P 500 and Nasdaq reached all-time highs on Monday amid optimism around potential US interest rate cuts and progress in global trade deals.- S&P 500: +0.52% at 6,204.95
- Nasdaq: +0.48% at 20,369.73
- Dow Jones: +0.63% at 44,094.77
- Gift Nifty Premium:
Gift Nifty suggests a marginally positive opening, indicating stability following Monday’s dip on Dalal Street. - Profit Booking Halts 4-Day Rally:
On June 30, the Sensex fell 452 points and the Nifty dropped 120 points as investors booked profits. However, both indices ended June with a fourth consecutive monthly gain. - Mixed Asian Markets:
- Nikkei 225: -1.03%
- Kospi: +1.67%
- Kosdaq: +0.66%
- Hong Kong: Closed for holiday
- US-India Trade Deal Nears:
White House spokesperson Karoline Leavitt confirmed that the US and India are close to finalising a trade pact. This could ease tariffs and support Indian export sectors like textiles, electronics, and auto parts. - India’s Fiscal Health:
Fiscal deficit for April–May stood at ₹13,163 crore (0.8% of FY26 target), a marked improvement over last year’s ₹50,615 crore shortfall. - Slower Industrial Growth:
India’s IIP rose just 1.2% in May, its slowest pace in nine months. The slowdown contrasts with last year’s 6.3% growth in the same period. - Japan Manufacturing PMI Turns Positive:
Japan’s factory activity expanded for the first time in 13 months, with the PMI rising to 50.1 in June. - Crude Oil Softens:
On OPEC hike expectations and economic worries:- Brent: -0.24% at $67.61
- WTI: -0.38% at $64.86
- Gold Rises, Dollar Falls:
- Spot Gold: +0.3% at $3,312.25/oz
- Dollar Index: -0.35% at 96.86 — worst H1 since the 1970s
- Euro/USD: at highest since Sept 2021 ($1.1780)
📊 Expert View:
Ajit Mishra, SVP at Religare Broking, advises a “buy-on-dips” strategy but urges caution. “Focus should be on fundamentally strong counters, especially amid ongoing volatility.”
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Indian stock market, Sensex today, Nifty 50, Wall Street rally, Nasdaq record, Gift Nifty, US-India trade deal, gold prices, crude oil, dollar index, IIP data, fiscal deficit FY26, Asian markets