Markets brace for a weak opening as Gift Nifty trades at a discount, Trump triggers trade fears with new tariffs, TCS posts mixed Q1 earnings, and Bitcoin nears $116K.
Mumbai, July 11, 2025:
As trading resumes Friday morning, the Indian stock market looks set for a muted start following mixed global cues, escalating trade tensions, and a corporate earnings miss from TCS. Here are the 8 key overnight developments that could steer investor sentiment:
Also Read: Trump Announces 35% Tariff on Canadian Imports Amid Fentanyl Dispute and Trade Tensions
1️⃣ Gift Nifty Signals Weak Opening
Gift Nifty was trading around 25,277, reflecting a 144-point discount from the Nifty Futures close, signaling a negative open for benchmarks Sensex and Nifty 50.
2️⃣ Asian Markets Mixed
Asian indices showed cautious optimism:
- Nikkei 225: Flat
- Topix: +0.41%
- Kospi: +0.19%
- Kosdaq: +0.50%
- Hang Seng Futures: Indicating mild gains
3️⃣ Wall Street Hits Record Highs
Also Read: Microsoft Stock Upgraded — Could AI And Cloud Boom Fuel Major Gains Ahead?
Despite global worries, US indices climbed:
- Dow Jones: +192 pts (44,650.64)
- S&P 500: Record close at 6,280.46
- Nasdaq: New high at 20,630.67
Mega-caps led the rally:
- Nvidia surpassed $4 trillion valuation
- Tesla jumped 4.7%
- Airline stocks soared (Delta +12%, United +14.3%, American +12.7%)
4️⃣ Trump Tariff Shock
US President Donald Trump announced steep tariffs:
- 35% on Canadian imports starting next month
- Blanket 15–20% tariffs on most other trade partners
This move may disrupt global trade flows and impact emerging markets like India. BRICS nations, including Brazil and India, are likely to retaliate.
5️⃣ US Jobless Claims Beat Forecast
In a sign of labor market strength:
- Initial jobless claims fell to 227,000, a 7-week low
- Economists had forecast 235,000
This supports expectations of a hawkish Fed tone going forward.
6️⃣ TCS Q1 FY26 Results: Mixed Bag
India’s largest IT services firm Tata Consultancy Services (TCS) reported:
- Net profit: ₹12,760 crore (+4.38% QoQ)
- Revenue: ₹63,437 crore (-1.6% QoQ)
- EBIT margin: Improved to 24.5% from 24.2%
The drop in top-line revenue surprised analysts. An interim dividend of ₹11/share was declared.
7️⃣ Bitcoin Nears Record High
Driven by institutional inflows:
- Bitcoin surged to $116,608.78, now at $115,561 (+4%)
- Ethereum climbed 6% to $2,932.86
Bitcoin continues to show signs of bullish momentum.
8️⃣ Crude Oil Prices Stabilize
After a sharp 2% drop:
- Brent Crude: +0.34% at $68.87/barrel
- WTI Crude: +0.47% at $66.88/barrel
Investors are monitoring demand signals amid growing global trade tension and recessionary fears.
🏁 Outlook
With the earnings season heating up, investors should remain selective and brace for increased volatility due to Trump’s trade stance, global central bank cues, and sector-specific earnings releases.
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