Synopsis : Indian equity markets opened flat on Tuesday as investors stayed cautious amid global uncertainties. U.S. President Trump’s aggressive tariff stance on key partners spooked global markets, though domestic benchmarks held steady.
Indian benchmark indices Sensex and Nifty50 traded flat in early trade on Tuesday, reflecting global caution sparked by President Donald Trump’s renewed tariff threats. The Nifty50 hovered near 25,450, while the Sensex moved marginally in green territory, with selective buying seen in banking and metal stocks.
Amid lack of strong domestic cues, investors are closely tracking geopolitical developments and trade tensions globally. The market tone remained subdued, even as eight of the 13 sectoral indices opened with marginal gains.
Sectoral Snapshot:
Gainers: Nifty Bank, Metal, IT, FMCG, and Oil & Gas indices saw modest buying interest.
Flat Movers: Broader indices like Nifty Midcap100 and Smallcap100 remained largely unchanged.
Market Context:
Market action remains range-bound as investors brace for potential fallout from the July 9 tariff deadline announced by the U.S. administration. Tariff escalations, particularly affecting Asian and developing nations, are being viewed as a significant headwind for emerging markets, including India.
Top Stock Movers:
Kotak Mahindra Bank rallied 4%, leading Nifty gainers.
Dr. Reddy’s Laboratories (DRL) slipped 2% amid sector pressure.
Gokaldas Exports and other textile firms jumped up to 8%, buoyed by hopes of export gains after the U.S. imposed 35% tariffs on Bangladeshi textiles.
PC Jeweller shares tumbled 8% as exchanges placed the stock under surveillance following a sharp rally.
Titan plunged 5% after its Q1 business update underwhelmed investors.
Global Market Overview:
S&P 500 Futures: Flat
Japan’s Topix: Flat
Australia’s ASX 200: Flat
Hong Kong’s Hang Seng: +0.8%
Shanghai Composite: +0.6%
Euro Stoxx 50 Futures: -0.2%
Markets across Asia traded with mixed sentiment, awaiting clarity on the implications of rising protectionism and rate-cut commentary from the U.S. Fed.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Always consult a professional financial advisor before making any investment decisions.
