Indian markets are likely to open on a positive note today, with early cues from GIFT Nifty indicating a 0.26% uptick, suggesting a start near the 25,100 mark. As the session unfolds, investors will be closely tracking global oil price trends, FPI and DII activity, and sector-specific movements. Buzz around key business groups and fresh corporate updates could also set the tone for intraday market action.
The Indian stock market closed on a muted note Tuesday. The Sensex dipped slightly by 13.53 points to end at 82,186.81, while the Nifty slipped 29.8 points to settle at 25,060.90.
Key global and domestic cues to know on July 23, 2025
Asian Markets
Asian markets kicked off the day on a strong note. This was driven by news of a “massive deal” between U.S. President Donald Trump and Japan. The agreement, involves a 15% tariff on Japanese exports to the U.S. Japan’s Nikkei 225 climbed 2.5%, while the broader Topix index rose 1.87%. South Korea also saw positive moves, with the Kospi up 0.89% and the Kosdaq adding 0.22%. Australia’s ASX 200 joined the rally, edging higher by 0.34%.
Trump deal with Japan
U.S. President Donald Trump has announced what he calls the “largest deal ever” with Japan, featuring a 15% tariff on Japanese exports and a $550 billion investment into the U.S. economy. In a post on Truth Social, Trump said the U.S. would gain 90% of the profits, with Japan also agreeing to open its markets to cars, trucks, rice, and other goods. He added the deal would create hundreds of thousands of jobs
US markets
Wall Street ended mixed on Tuesday. The S&P 500 inched up 0.06% to a record close at 6,309.62, while the Dow Jones Industrial Average advanced 179.37 points or 0.4%) to finish at 44,502.44. In contrast, the Nasdaq Composite slipped 0.39% to 20,892.69.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.01% higher at 97.38 on Wednesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.06% to close at 86.36 to the dollar on July 22.
Crude oil
Crude oil prices saw a modest uptick in early Wednesday trade. West Texas Intermediate (WTI) rose 0.38% to $65.59 per barrel, while Brent crude advanced 0.53% to trade at $68.93.
FII, DII data
Foreign portfolio investors (FPIs) continued their selling spree on July 22, pulling out Rs 3,548 crore from Indian equities, according to provisional data from the NSE. In contrast, domestic institutional investors (DIIs) stepped up their buying, pumping in Rs 5,239 crore.
Gold rate today
Gold prices were higher in early Wednesday’s trade. As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 1,01,300, while 22-carat gold costs Rs 92,860. For those preferring 18-carat gold, the price is Rs 75,980 for the same weight.
Top sectors in Tuesday’s trade
Internet & E-Commerce stocks stole the spotlight in Tuesday’s trade, logging a sharp 4.5% jump in market capitalisation , the highest among all sectors. In this sector, Eternal surged over 10.5% in Tuesday’s trade. Swiggy followed with a sharp 5.4% jump, while Thomas Cook (India) rallied more than 5%. Info Edge (India) gained 4.1%, and Angel One added 3.7%.
Service-related stocks and packaging companies also saw traction. Meanwhile, the transport sector edged up 1%, just behind the leather segment. The Gems and Jewellery sector posted a modest 0.7% gain.
Best and worst performing business groups
The Somany Group led the pack with a 6.5% jump in market capitalisation, followed by the Pennar Group and MP Birla Group, which saw gains of 3.7% and 3.69%, respectively. Garware Group also posted healthy gains of 2.9%. On the flip side, the Aarti Group saw its market cap shrink by 3%, while IIFL Group fell nearly 3.8%. The biggest loser was the Essel Group, which recorded a sharp 5.05% drop.