Indian Stock Market Today: 8 Overnight Triggers from Trump’s Tariffs to Copper Surge

From Gift Nifty’s dip to global trade worries and soaring copper prices, here’s what changed overnight and how it may shape Indian markets on July 9.

July-9, 2025: India’s stock market is expected to see a muted or lower opening on Wednesday as global sentiment turned cautious after US President Donald Trump refused to extend the August 1 deadline for imposing fresh tariffs. This move triggered volatility in commodities and currency markets and set a cautious tone for Asian trading.

Also Read: OnePlus Nord 5 & CE 5 Launch Live: Starting at ₹22,999—What Will They Pack?

Here are the 8 key developments you need to know before markets open:

---

1. Gift Nifty Signals Weak Start

Gift Nifty was trading around 25,581, nearly 30 points lower than the Nifty futures’ previous close, indicating a slightly negative opening for the Indian indices.

Also Read: Could Mahindra’s New RevX Variants Supercharge the XUV 3XO Lineup?

---

2. Asian Markets Mixed

Asian markets reflected nervousness over Trump’s tariff push.

• Nikkei 225 rose 0.33%
• Topix Index up 0.17%
• Kospi remained flat
• Kosdaq gained 0.29%
• Hang Seng hinted at a strong open

---

3. Wall Street Flat But Fragile

US stock markets ended mixed.

• Dow Jones: -0.37%
• S&P 500: -0.07%
• Nasdaq Composite: +0.03%

Tech stocks performed modestly:

• Tesla +1.3%, Nvidia +1.11%, AMD +2.24%
• Amazon dropped 1.84%

Also Read: Trump’s Tariff Pause Add Fresh Uncertainty to Global Markets: Decoding What Prolonged Trade Disruption Will Mean for the Markets

---

4. Trump’s Tariff Shock

President Donald Trump reaffirmed a 50% tariff on copper imports and warned of a 200% tariff on pharmaceuticals, both of which directly impact Indian exports. He refused to delay the August 1 deadline for new tariffs, sending a chill through global trade.

---

5. Copper Prices Spike

Copper futures in New York saw a record intraday spike of 17%, before easing 4% in early Wednesday trade.

• NY Copper: $5.5085/lb
• London Metal Exchange: down 1.7% to $9,627/ton
  This volatility has traders on edge, especially Indian exporters.

---

6. Gold Prices Edge Lower

Gold remained under pressure post-Trump’s announcement:

• Spot gold: $3,300.23/ounce (flat to marginally lower)

---

7. Crude Oil Dips

Concerns over rising US stockpiles kept oil prices soft:

• Brent crude: -0.20% to $70.01/barrel
• WTI crude: -0.25% to $68.16/barrel

---

8. Dollar Strengthens Again

The US Dollar Index firmed up for the third consecutive day:

• Dollar-Yen: 146.85 (+0.2%)
• Euro: $1.1720 (steady)
• Pound Sterling: $1.3579 (-0.1%)

---

🏷️ Tags:

Indian stock market, Trump tariffs, Gift Nifty, Copper prices, Wall Street, Global market cues, Asian markets, Sensex today, Nifty 50, Crude oil price, US dollar index, Nasdaq gains

---

📢 Hashtags:

#IndianStockMarket #TrumpTariffs #CopperPrices #SensexToday #Nifty50 #GiftNifty #StockMarketUpdate #USIndiaTrade #GlobalMarkets #CrudeOilPrices #GoldPrices #WallStreetUpdate