Sensex and Nifty are likely to open flat on July 21, as mixed global cues, Q1 results of Reliance and HDFC Bank, China’s LPR decision, and US inflation data set the tone for the market.
July 21, 2025: The Indian stock market is expected to see a muted start on Monday, July 21, with Gift Nifty trading around 25,027 levels, just 5 points lower than Nifty futures’ previous close, indicating a flat opening for benchmark indices Sensex and Nifty 50. Global market signals remain mixed, with investors bracing for key earnings and economic data this week.
On Friday, markets ended sharply lower as widespread selling dragged the indices down. The Sensex closed 501.51 points (0.61%) lower at 81,757.73, while the Nifty 50 slipped 143.05 points (0.57%) to settle at 24,968.40.
Top 10 Market Triggers for July 21, 2025:
1. Asian Markets

Asian markets traded mixed following the People’s Bank of China’s LPR decision. South Korea’s Kospi gained 0.35%, while the Kosdaq remained flat. Japan’s markets were shut for Marine Day. Hong Kong’s Hang Seng index futures signaled a positive opening.
2. Gift Nifty Today
Gift Nifty hovered around 25,027, indicating a flat start for the Indian indices.
3. Wall Street

US stock markets closed mixed on Friday amid reports of US President Donald Trump planning steep tariffs on European Union products.
- Dow Jones fell 0.32% to 44,342.19.
- S&P 500 slipped 0.01% to 6,296.79.
- Nasdaq Composite gained 0.05% to 20,895.66.
Nvidia (+4.04%), Tesla (+3.21%), and Amazon (+1.01%) were top gainers, while Netflix fell 5.1%.
4. US Consumer Sentiment
The University of Michigan’s Consumer Sentiment Index rose to 61.8 in July, up from 60.7 in June.
5. US Inflation Expectations
Consumer inflation expectations dropped, with 12-month inflation at 4.4%, down from 5% in June. Long-term expectations declined to 3.6% from 4.0%.
6. China LPR
The People’s Bank of China kept benchmark lending rates unchanged:
- 1-year LPR: 3.0%
- 5-year LPR: 3.5%
7. Q1 Results – Reliance, HDFC Bank, ICICI Bank
- Reliance Industries: Net profit surged 78% YoY to ₹26,994 crore, revenue grew 6% to ₹2,73,252 crore. EBITDA margin expanded to 21.2%.
- HDFC Bank: Net profit rose 12.24% YoY to ₹18,155 crore. NII increased 5.4% to ₹31,439 crore. Declared a special interim dividend of ₹5 per share and a 1:1 bonus issue.
- ICICI Bank: Net profit climbed 15.5% to ₹12,768 crore, while NII grew 10.6% YoY to ₹21,635 crore.
Also Read: Yes Bank Q1 Results: Operating Profit Jumps 53%, PAT at….
8. Japan Political Update
Japan’s ruling coalition lost its majority in the upper house elections. The LDP and Komeito won 47 seats, falling short of the required 50 for majority control.
9. Dollar Index
The US dollar index stood at 98.35. The euro traded at $1.163, sterling at $1.134, and yen firmed to 148.32 per dollar.
10. Crude Oil Prices
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Crude oil prices gained on the back of European sanctions on Russian oil.
- Brent crude: $69.45/barrel (+0.25%)
- WTI crude: $67.52/barrel (+0.27%)
Conclusion:
With Reliance and HDFC Bank’s strong Q1 earnings, alongside global cues such as US tariffs and China’s LPR decision, the market is likely to trade cautiously on Monday. Investors should keep an eye on tech stock movements and Q1 corporate earnings.
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