Markets may open positive as Gift Nifty rises, Fed minutes signal rate caution, and US indices close higher—but Trump’s new global tariffs remain a risk factor.
📊 Indian Stock Market Outlook: July 10, 2025
The Indian stock market is expected to open on a positive note on Thursday, aided by a stronger Gift Nifty, upbeat Wall Street sentiment, and dovish signals from the US Fed minutes. However, caution persists amid escalating tariff tensions driven by President Donald Trump’s aggressive trade policy.
Also Read: How Did Nvidia Leap to $4 Trillion Before Apple?
On Wednesday, both Sensex and Nifty 50 ended in the red, snapping a three-day winning streak. The Sensex closed 176 points lower at 83,536.08, while the Nifty 50 declined 46 points to 25,476.10.
Despite the correction, experts maintain a bullish medium-term outlook. “The market remains in a consolidation phase, but the earnings season starting with TCS today, combined with weekly expiry pressures, could bring volatility. Traders should focus on stock-specific strategies,” said Ajit Mishra, SVP, Research at Religare Broking Ltd.
Also Read:Trump Slaps 50% Tariff on Brazil Over Bolsonaro Trial, Escalates Tensions with BRICS Bloc
🌏 Global Market Cues:
Asian Markets
Asian stocks were mixed:
- Nikkei 225: -0.45%
- Topix: -0.54%
- Kospi: +0.24%
- Kosdaq: +0.44%
- ASX 200: +0.51%
Gift Nifty Today
Gift Nifty traded at 25,568, nearly 38 points higher than the Nifty futures’ last close, suggesting a positive start for Indian equities.
Wall Street
US stocks ended higher:
- Dow Jones: +217.54 pts (+0.49%)
- S&P 500: +37.74 pts (+0.61%)
- Nasdaq: +192.87 pts (+0.95%)
Notably, Nvidia briefly touched a $4 trillion market cap, while the Fed minutes calmed inflation fears and hinted that tariffs may not derail potential rate cuts.
Also Read: ITC Hotels Hits New High, Surges 6% In 2 Days; Market Cap Nears ₹50,000 Cr
🌐 Trump Tariffs & Trade Tensions
President Donald Trump announced a 50% tariff on Brazilian imports effective August 1, while also notifying additional tariffs on exports from:
- Philippines, Brunei (tariff hike)
- Sri Lanka, Moldova, Iraq, Libya (reduced tariffs)
- Algeria (unchanged at 30%)
These moves have added uncertainty to global supply chains and could weigh on investor sentiment in the coming weeks.
📉 Fed Minutes & US Dollar Movement
The Federal Reserve remains split on the timeline for rate cuts, according to minutes from the June 17–18 meeting. The benchmark rate stays at 4.25%-4.5%, unchanged since December 2024.
Meanwhile, the US Dollar Index slipped as Treasury yields declined amid strong bond demand. The Brazilian real, however, plummeted 2.8% overnight.
🪙 Commodities Snapshot
- Gold: Spot gold rose 0.3% to $3,310.26/oz; US futures up 0.1%
- Crude Oil:
- Brent: $69.97/bbl (-0.31%)
- WTI: $68.11/bbl (-0.39%)
Tariff fears weighed on global oil demand expectations.
🏷️ Tags:
Indian stock market, Gift Nifty, Trump tariffs, US Fed minutes, Sensex today, Nifty 50 today, global market cues, US stock rally, oil prices, gold rates, earnings season, TCS results
📲 Hashtags:
#StockMarketToday #Sensex #Nifty50 #TrumpTariffs #FedMinutes #GiftNifty #MarketUpdate #WallStreet #IndianEconomy #CrudeOil #GoldPrices #TCSResults