Indian stock market poised for weak opening as GIFT Nifty signals negative bias; Trump’s new tariffs, Samsung’s Q2 miss, and Wall Street slump dominate sentiment.
July-8, 2025: The Indian stock market is expected to open on a cautious note on Tuesday, July 8, tracking mixed global cues amid escalating trade tensions and earnings disappointments. GIFT Nifty, trading around the 25,499 level—nearly 40 points lower than Nifty futures’ previous close—signals a muted start for benchmark indices Sensex and Nifty 50.
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Markets across Asia were mixed, while Wall Street closed sharply lower after US President Donald Trump unveiled sweeping tariffs on key trading partners, adding to global economic uncertainty. Meanwhile, Samsung’s dismal Q2 forecast added further pressure on technology stocks.
On Monday, Indian indices ended flat as investors remained cautious ahead of earnings season and updates on the India-US trade pact. The Sensex rose marginally by 9.61 points to 83,442.50, and the Nifty 50 added just 0.30 points to settle at 25,461.30.
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Here are 8 major cues for Indian markets today:
1. GIFT Nifty Signals Soft Opening
GIFT Nifty futures were trading around 25,499, a nearly 40-point discount from Nifty’s previous close, indicating a tepid start for Indian markets amid global concerns.
2. Asian Markets Mixed After Tariff Shock
Asian indices showed resilience despite the tariff jitters.
- Nikkei 225: +0.36%
- Topix: +0.31%
- Kospi: +0.44%
- Kosdaq: +0.19%
- Hang Seng futures hinted at a weak opening.
3. Wall Street Tumbles on Trump’s Tariff Blitz
US equities plunged on Monday after Trump announced 25–40% tariffs on imports from 14 nations, including Japan and South Korea, starting August 1.
- Dow Jones: -422.17 pts (0.94%)
- S&P 500: -49.37 pts (0.79%)
- Nasdaq: -188.59 pts (0.91%)
4. Tech Stocks Hit Hard Globally
- Tesla: -6.8%
- Apple: -1.69%
- Nvidia: -0.69%
- Microsoft: -0.22%
- WNS Holdings was a bright spot, rallying 14.3%
5. Samsung Q2 Miss Stuns Investors
Samsung Electronics projected a 56% YoY drop in Q2 operating profit, its worst performance in six quarters.
- Estimated profit: 4.6 trillion won vs. 10.4 trillion won last year
- Revenue likely to fall 0.1% YoY to 74 trillion won
6. Crude Oil Pullback
After a strong rally, oil prices corrected slightly:
- Brent crude: -0.30% to $69.37/bbl
- WTI crude: -0.35% to $67.69/bbl
7. Gold Prices Hold Steady
Gold steadied post-tariff announcement, with higher Treasury yields limiting gains.
- Spot Gold: -0.1% to $3,331.89/oz
- US Gold Futures: Steady at $3,341.80/oz
8. Dollar and Currency Movements
The US dollar remained firm, holding Monday’s 0.5% gains.
- JPY fell to 2-week low at 146.44/$
- Won rose 0.4% to 1370.20/$
- Euro: +0.27% to $1.1741
- GBP: +0.17% to $1.3626
Market Outlook:
While underlying domestic sentiment remains constructive, global macroeconomic volatility is likely to dictate intraday trends. Analysts continue to suggest a ‘buy-on-dips’ approach with a focus on fundamentally strong sectors.
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Indian stock market, GIFT Nifty, Donald Trump tariffs, Samsung Q2 earnings, Wall Street crash, Asian markets, gold prices, oil prices, Sensex today, Nifty 50 outlook, July 8 market news, global market cues