Indian markets are likely to take early cues from global developments, as investors track movements across Asia, Wall Street, and commodity markets. Mixed signals from international indices, fluctuations in crude oil prices, and foreign fund flows continue to influence sentiment. As traders gear up for the opening bell, here’s a roundup of the top global triggers that may guide the market’s direction today.
In the early hours, the GIFT Nifty was trading at 25,523, indicating a likely flat to positive start for the Indian market.
In the last trading session (June 4), the BSE Sensex gained 193 points to settle at 83,432.89, while the broader Nifty 50 inched up by nearly 56 points to end at 25,461.
Key global and domestic cues to know on July 07, 2025
Asian Markets
Asia-Pacific markets began the week on a cautious note, mostly trading in the red after U.S. President Donald Trump confirmed that tariffs announced earlier in April will come into effect from August 1 for countries without trade agreements. Japan’s Nikkei 225 slipped 0.26%, while the broader Topix dipped 0.18%. South Korea also saw losses, with the Kospi down 0.48% and the smaller Kosdaq shedding 0.5%. Australia’s ASX 200 was flat at the open.
Trump’s Tariff deal
The U.S. has confirmed that tariffs announced earlier in April will officially come into force on August 1 for countries that have not reached trade agreements. President Donald Trump reaffirmed the move, while Treasury Secretary Scott Bessent said on Sunday that August 1 is not a new deadline, but rather gives countries more time to finalise deals.
US markets
US stock markets were closed on Friday, July 4, in observance of Independence Day 2025. Both the New York Stock Exchange (NYSE) and Nasdaq suspended trading for the full day, following an early close at 1 pm on July 3. The US bond market also observed shortened hours, closing at 2 pm on July 3, as per the Securities Industry and Financial Markets Association schedule.
The pause in trading came after a strong session on July 2, where Wall Street rallied to record highs. Tech stocks led the charge, with Nvidia rising 1.3% . The S&P 500 gained 0.83% to close at 6,279.35, while the Nasdaq jumped over 1% to end at 20,601.10. The Dow Jones also joined the rally, adding 344 points to finish at 44,828.53.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading flat at 96.97 on Monday 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 0.08% to close at 85.39 to the dollar on July 05.
Crude oil
The crude oil prices continued to trade on a lower note on Monday morning. The crude oil prices continued to trade on a lower note on Monday morning. WTI crude prices were trading at $65.90, down by 0.85%, while Brent crude prices were trading at $67.70, down by 0.92%.
FII, DII data
Foreign institutional investors (FIIs) continued their selling streak, pulling out Rs 760.11 crore from Indian equities. Domestic institutional investors (DIIs) also turned net sellers, offloading stocks worth Rs 1,028.84 crore on July 4.
Gold rate today
Gold prices slipped slightly in early Monday’s trade. As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 98,820, while 22-carat gold costs Rs 90,590. For those preferring 18-carat gold, the price is Rs 74,120 for the same weight.
Top sectors in Friday’s trade
Several niche sectors made moves in Friday’s trade. The Shipping sector led the gainers with a 1.5% rise in market capitalisation. This was followed by the Beverages – Non-Alcoholic segment, which added 1.26%, while the Leather sector saw a 1.12% uptick.
The Personal Care sector recorded a 1.05% increase. Meanwhile, the Edible Fat segment ended the session with a 1.03% rise.
Best and worst performing business groups
On Friday, the Nagarjuna Group stood out with a 4.64% rise in market capitalisation, followed by the Manipal Group, which gained 3.73%. The Poddar Group and Essel Group also saw market cap increases of 2.39% and 2.34%, respectively.
On the other hand, some groups faced selling pressure. The Indiabulls Group recorded the steepest fall, with its market capitalisation declining 4.14%. The Pennar Group also dipped 3.35%, while Essar Group and Jindal O P Group slipped 1.66% and 1.15%, respectively.