Synopsis : After two consecutive days of strong gains, Indian equity markets opened flat on Friday, with the Nifty hovering near 25,600 and the Sensex up by around 100 points. Investors now await developments around the July 9 tariff deadline and Middle East geopolitics.
Indian stock markets began Friday’s session on a cautious note, reflecting investor prudence after a robust two-day rally. The NSE Nifty 50 rose over 50 points to trade close to 25,600, while the BSE Sensex edged 133 points higher at 83,888 in early trade.
Bank Nifty stayed flat around 57,200, while broader indices showed mild positivity. The Nifty Midcap 100 opened 260 points higher, up 0.45% at 59,494, indicating investor appetite in mid-tier stocks.
Market Commentary:
VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted that despite several macro and geopolitical headwinds, the bull market that began in March 2020 has shown resilience. “The market continues to climb all walls of worry—ranging from high inflation, geopolitical tension, to trade tariffs. The buzz that the July 9th tariff deadline may be extended is positive and supportive for market momentum,” he added.
Top Gainers:
Early session leaders included L&T, Tata Steel, SBI, Apollo Hospitals, and Tata Motors, reflecting strength in infrastructure, automotive, and healthcare.
Underperformers:
On the flip side, SBI Life Insurance, Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, and Zomato faced early selling pressure, dragging the market breadth slightly lower.
Geopolitical Watch – Iran-Israel Conflict:
Tensions continue to simmer in West Asia. While Iran and Israel both declared "victory", intelligence sources suggest partial damage to Iran’s nuclear sites. Iran has officially cut ties with the UN nuclear watchdog, escalating concerns globally.
Meanwhile, the United States is reportedly exploring a $30 billion civilian nuclear deal with Iran, contingent on halting uranium enrichment. However, Iran has firmly denied engaging in any upcoming talks with the U.S., keeping the geopolitical environment tense.
Disclaimer : This article is intended for informational purposes only and does not constitute investment advice. Readers are encouraged to consult with certified financial advisors before making any investment decisions.
