Mumbai, July 7, 2025 – Indian stock markets began the week on a subdued note, reflecting global uncertainties and cautious investor sentiment. The BSE Sensex opened 105 points lower at 83,328, while the NSE Nifty50 dropped 50 points to 25,411, testing key support levels in early trade.
The broader indices also reflected weakness, with the Nifty MidCap index down 0.29% and the SmallCap index falling 0.50%.
Key Factors:
- Global Cues: Investors are reacting to U.S. Treasury Secretary Scott Bessent’s announcement that new tariffs will take effect August 1 for countries that haven’t finalized agreements with the Trump administration. The protectionist stance added a risk-off sentiment in Asian markets.
- Stock-Specific Action:
- Godrej Consumer Products was a standout gainer, rising 5% after reporting strong volume growth expectations ahead of its quarterly results.
- IT stocks remained muted ahead of earnings season kickoff.
- Earnings Watch:
- TCS will report its Q1 FY26 results on July 10, marking the beginning of the earnings season.
- Key upcoming results include DMart (July 11), HCL Technologies (July 14), and Tech Mahindra (July 16).
- FII Activity & Domestic Outlook:
With no major domestic macroeconomic data due today, the market is expected to remain stock-specific, driven by foreign institutional investor flows and global news triggers.
Outlook:
Analysts expect range-bound trading in the short term as participants await more clarity on corporate earnings and U.S. policy developments. Defensive and fundamentally strong stocks may continue to see selective buying.
Stay tuned for intraday updates as market sentiment evolves.
