Indian equity markets will likely mirror global signals, with investors watching key developments across international indices, commodities, and fund flows. Sectoral trends and institutional activity will also play a role in shaping early market sentiment.
The GIFT Nifty stands at 25,574, up 44 points, suggesting a positive start for the domestic indices.
Indian equity markets took a breather on Wednesday after a three-day rally, ending the session slightly in the red. The Nifty 50 dipped by 46.4 points, or 0.18%, to close at 25,476.10, while the Sensex declined by 176.43 points, or 0.21%, wrapping up the day at 83,536.08.
Key global and domestic cues to know on July 10, 2025
Asian Markets
Asian equity markets kicked off Thursday’s session on a mixed note. Japan’s benchmark Nikkei 225 fell by 0.45%, while the broader Topix index slipped 0.54% in early trade. On the other hand, South Korea’s Kospi edged up 0.24% and the tech-focused Kosdaq climbed 0.44%. Meanwhile, Australia’s S&P/ASX 200 rose 0.51%.
50% copper tariff to kick in from August 1: Trump
U.S. President Donald Trump confirmed that the newly announced 50% tariff on copper imports will come into force on August 1. The announcement, made earlier on Tuesday. In a post on Truth Social, Trump added, ““I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT”.
Trump slaps 50% tariff on Brazilian imports
U.S. President Donald Trump on Wednesday declared a 50% tariff on all imports from Brazil, effective August 1. The comes amid Trump’s criticism of Brazil’s ongoing legal proceedings against former President Jair Bolsonaro, which he described as a “Witch Hunt” and labeled an “international disgrace.”
US market
U.S. markets wrapped up Wednesday on a strong note, with major indices ending in the green. Leading the charge was the Nasdaq Composite, which climbed nearly 1% to close at a fresh record high of 20,611.34.
The S&P 500 followed suit, rising 0.61% to settle at 6,263.26, while the Dow Jones Industrial Average posted a gain of 217.54 points, or 0.49%, finishing the day at 44,458.30.
US futures
U.S. stock futures muted during early Asian hours on Thursday. Dow futures slipped by 40 points, hovering near 44,419.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading flat at 97.31 on Thursday 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 0.05% to close at 85.67 to the dollar on July 09.
Crude oil
Oil prices remained under pressure on Thursday morning, extending their downward trend. West Texas Intermediate (WTI) crude saw a modest dip of 0.39%, slipping to $68.12 per barrel. Meanwhile, Brent crude also inched lower, down 0.36%, to trade around $69.94.
FII, DII data
As per provisional data from the NSE, foreign investors (FIIs/FPIs) made net purchases worth Rs 77 crore. Domestic institutional investors (DIIs) were more aggressive, picking up shares worth Rs 920 crore on July 9.
Gold rate today
Gold prices down in early Thursday’s trade. As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 98,170, while 22-carat gold costs Rs 89,990. For those preferring 18-carat gold, the price is Rs 73,630 for the same weight.
Top sectors in Wednesday’s trade
Several sectors saw notable gains in Thursday’s trade, with the leather segment emerging as the top performer, rising 2.23%. Electronics followed closely with a 1.99% uptick, while tyre stocks added 1.83%. Fertilisers and non-alcoholic beverages also saw steady buying interest, advancing 1.68% and 1.64%, respectively.
Best and worst performing business groups
Several business groups saw mixed movements in Thursday’s trade. The Emami Group led the gainers with a 5.76% rise, supported by a 6% jump in Emami Limited, even as Emami Paper Mills and Emami Realty slipped 0.8% and 1.3%, respectively. The Jaipuria and Nagarjuna Groups also advanced 4.57% and 4.19%, while Indiabulls Group gained 3.08%.
On the downside, Vedanta Group declined 2.93%, dragged by a 2.5% fall in Hindustan Zinc. HCL Group slipped 2.03%, with HCL Technologies down 2% and HCL Infosystems easing 0.66%. Max India Group also edged lower by 2.86%.