Indian Stock Market: 10 Key Updates Impacting Markets Today from Gift Nifty to US Jobs Data

Sensex, Nifty 50 set for flat start as global cues remain mixed; all eyes on US tax bill, Nvidia surge, and payroll data

Mumbai | July 4, 2025 —
The Indian stock market is expected to open flat on Friday, with Sensex and Nifty 50 likely to mirror cautious global sentiment. Mixed Asian cues, strong US macroeconomic indicators, and major legislative developments in the US are influencing early trends. Gift Nifty is indicating a mildly positive start, trading around 25,526, a premium of 18 points.

On Thursday, domestic indices ended in the red for the second straight session—Sensex dropped 170 points to close at 83,239.47, while the Nifty 50 lost 48.10 points, settling at 25,405.30.

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🔟 10 Market-Moving Updates Overnight

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1️⃣ Gift Nifty

Also Read: Sensex Falls 170 Points, Nifty Ends at 25,405 Amid Profit Booking and Trade Uncertainty

• Trading around 25,526, hinting at a mildly positive open.
• Indicates buying interest despite cautious undertone in global equities.

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2️⃣ Mixed Asian Market Trends

• Nikkei 225 flat, Topix up 0.15%
• Kospi down 0.56%, Kosdaq off 0.8%
• Hang Seng futures signal weak open

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3️⃣ Wall Street at Record Highs

Also Read: Dow Rallies 350 Points, S&P 500 Hits Record After Strong U.S. Jobs Report

• S&P 500 and Nasdaq surged to new record highs
• Dow rose 344 points (0.77%)
• Nasdaq jumped 1.02%, S&P 500 gained 0.83%
• Powered by strong jobs data and easing policy fears

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4️⃣ US Nonfarm Payrolls Surprise

• June payrolls +147,000 vs 110,000 expected
• May revised upward to 144,000
• Indicates robust hiring despite economic headwinds

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5️⃣ US Unemployment Rate Falls

• Dropped to 4.1% in June (vs. 4.2% in May)
• Decline partially due to fewer people in the labor force

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6️⃣ US Jobless Claims at 6-Week Low

• New claims: 233,000 vs forecast of 240,000
• Reflects continued tight labor market conditions

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7️⃣ Trump’s “One Big Beautiful Bill” Passed

• US Congress approved $3.4 trillion tax-and-spending bill
• Makes 2017 tax cuts permanent, expands military, funds deportation drive
• Adds $3.4 trillion to national debt
• Seen as pro-market but inflationary

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8️⃣ Nvidia Hits All-Time High

• Shares up 1.33% at $159.34
• Market cap nears $3.89 trillion, surpasses Apple & Microsoft
• World’s most valuable company

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9️⃣ Gold and Dollar Movement

• Spot gold steady at $3,328.36/oz
• Bullion up 1.7% for the week
• Dollar index firm, trades at 144.69 yen, euro at $1.1769

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🔟 Tech Stocks Rally on Wall Street

• Apple +0.52%, Amazon +1.59%, Microsoft +1.58%
• Tripadvisor +16.7%, Datadog +14.9%

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📌 Outlook for Indian Stock Market Today

Also Read: FTSE 100 Rebounds as Reeves Crisis Eases, US-Vietnam Trade Deal Boosts Market Sentiment

With Gift Nifty hinting at recovery, and Wall Street’s bullish close, investors may focus on IT and tech-heavy names in India. However, volatility may persist due to mixed global cues, upcoming corporate earnings, and the impact of US fiscal policies on foreign inflows.

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