July 7, 2025: Indian stock market opened the new trading week amid global uncertainty surrounding the pending trade deal with the United States. With the July 9 reciprocal tariff deadline looming, investor sentiment remains cautious. Further complicating the scenario, the US administration has indicated a potential return to earlier tariff levels from April, effective August 1, without officially confirming an extension.
On the domestic front, the Nifty 50 ended higher last Friday, rebounding strongly in the latter half of the session to close above 25,400. Despite the bounce, market participants remain skeptical about sustaining gains at higher levels due to global headwinds and valuation concerns.
Earnings Drive Market Action
A wave of corporate earnings and business updates is set to influence today’s trading. Leading FMCG companies like Dabur, Godrej Consumer, and Nykaa released their quarterly updates over the weekend. Their stock performance today will reflect investor sentiment on consumption trends and growth outlook.
In the banking sector, updates from IndusInd Bank, IDBI Bank, and Bank of India are in focus. Market watchers will also keep an eye on capital market firms like Angel One and Nuvama Wealth, which took a hit last week and may show continued volatility.
The broader indices are expected to remain range-bound, with Nifty Bank particularly sensitive to corporate updates and global cues. Analysts suggest that a clear move may emerge only after clarity on the US-India tariff negotiations.