Indian markets are set to take cues from global trends as trading begins for the day. With mixed movement across major global indices, investors will keep a close eye on key triggers such as crude oil prices, FII-DII activity, and sector-wise momentum.
The GIFT Nifty was last seen trading at 25,584.50, indicating a possible negative start for the domestic market.
Indian markets extended their winning streak in the previous session, with benchmark indices closing higher. The Sensex climbed 270.01 points (0.32%) to end at 83,712.51, while the Nifty advanced 61.20 points (0.24%) to settle at 25,522.50.
Key global and domestic cues to know on July 09, 2025
Asian Markets
Asian stock markets had a mixed start on Wednesday. Japan’s Nikkei rose by 0.33%, and the Topix index was also slightly up. In South Korea, the main Kospi index was flat, while the smaller Kosdaq moved up 0.29%. On the other hand, Australia’s stock market slipped, with the ASX 200 falling 0.26%. The overall tone in the region remained watchful, especially after U.S. President Donald Trump ruled out any extension on the upcoming tariff deadline set for August 1.
Trump warns of new 10% tariff on BRICS nations, including India
U.S. President Donald Trump has signalled fresh trade tensions, announcing plans to impose a 10% tariff on all BRICS countries – India, China, Russia, Brazil, and South Africa. “Tariff on BRICS nations is coming very soon,” Trump said, adding that the move will apply to all members, including India.
Trump sticks to August 1 deadline for tariffs
U.S. President Donald Trump has made it clear that the August 1, 2025 deadline for the new reciprocal tariffs will remain firm. Posting on Truth Social, Trump said there will be no delays or extensions, and that all payments will be “due and payable” starting that date.
Trump announces new tariffs on copper and pharmaceuticals
U.S. President Donald Trump has also declared a 50% tariff on copper imports and warned that more sector-specific duties are on the way. He also threatened steep tariffs – up to 200% on pharmaceutical products entering the U.S. However, Trump added there would be a grace period of about a year to a year and a half before these pharma tariffs are enforced, giving companies time to adjust.
US markets
U.S. markets had a quiet close on Tuesday, with two of the three major indices hovering near the flatline. The S&P 500 dipped slightly by 0.07% to close at 6,225.52, while the Nasdaq managed a small gain of 0.03%, ending the day at 20,418.46. Meanwhile, the Dow Jones saw a more noticeable decline, falling 165.60 points or 0.37% to settle at 44,240.76.
US futures
U.S. stock futures held mostly steady during early Asian trade on Wednesday. dow futures were down by 61 points, while S&P 500 futures slipped 7.5 points. Nasdaq futures saw a more modest dip, down 21 points.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading flat at 97.59 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 depriciated 0.20% to close at 85.70 to the dollar on July 08.
Crude oil
Oil prices continued to drift lower on Wednesday morning. West Texas Intermediate (WTI) crude was slightly down by 0.09%, trading at $68.12, while Brent crude edged 0.12% lower to $69.94.
FII, DII data
On July 8, provisional data from the NSE showed that Foreign Portfolio Investors (FPIs) recorded a net outflow of Rs 26 crore from Indian equities, while Domestic Institutional Investors (DIIs) registered a net inflow of Rs 1,367 crore.
Gold rate today
Gold prices up in early Wednesday’s trade. As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 98,850, while 22-carat gold costs Rs 90,610. For those preferring 18-carat gold, the price is Rs 74,410 for the same weight.
Top sectors in Tuesday’s trade
Textile stocks led the sectoral momentum on Dalal Street, with the sector gaining nearly 2% in market capitalisation, making it the top performer in Tuesday’s trade. Tyres, paints and pigments, and transport stocks also saw notable upward movement, clocking gains of around 1% to 1.5%.
Best and worst performing business groups
Among business groups, the Raunaq Group emerged as the top gainer with a 2.17% rise in market capitalisation, followed by Williamson Magor and Ruchi Group, which also saw modest upticks.
On the flip side, the Nagarjuna Group led the laggards, witnessing a sharp decline of over 4%, while Dhanuka, Avantha, and Kirloskars groups also ended in the red.
