By 11:30 AM, Indian benchmark indices had slipped deeper into the red, extending early losses. The Sensex was down 326 points, or 0.39%, hovering around 83,209.91, while the Nifty 50 declined 110.95 points, or 0.44%, to trade near 25,365.15.
Indian markets started the day on a green-to-flat note. However, the momentum fizzled out within the first hour of trade, and both the Sensex and Nifty slipped into negative territory. The Sensex was down 122.06 points or 0.10% at 83,451.25, while the Nifty dipped 27.25 points or 0.11% to 25,448.85
Indian markets opened the day on a flat note. The Sensex opened at 83,588.27, up 0.15%, while the Nifty began trading at 25,511.70, up 0.14%. The Nifty Bank index also saw a positive start, opening at 57,279, gaining 0.13%.
“Markets are driven by two key triggers: tariff threats and TCS kicking off Q1 earnings on July 10 post-market, with a press meet at 5:30 pm. Fed minutes hint at easing inflation but note concerns over Trump’s import taxes. Nifty may swing between small gains and losses, with support at 25,221 and strength only above 25,670,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
Here are six important things to keep on your radar for today’s trade:
Top gainers so far
Among the Sensex pack, top gainers at this hour include Trent, Asian Paints, Maruti, Tata Steel and Bajaj Finance among other stocks.
Key laggards
Major laggards at this hour are Bajaj Finserv, Tech Mahindra, Tata Motors, Mahindra and Mahindra among other stocks.
All eyes on TCS Q1 results
Tata Consultancy Services (TCS), India’s largest IT firm, will declare its Q1FY26 results post-market today. Apart from financials, the company has scheduled a press meet at 5:30 PM and an investor call at 7:00 PM IST. The outcome could set the tone for IT earnings season
Asian Markets mixed in early trade
Asia-Pacific equities opened Thursday on a mixed note. Japan’s Nikkei 225 fell 0.45% and the Topix slipped 0.54%. On the brighter side, South Korea’s Kospi gained 0.24% and the Kosdaq rose 0.44%. Australia’s ASX 200 also traded higher with a 0.51% uptick.
Trump’s tariff play expands
Global trade jitters returned as US President Donald Trump rolled out more tariff threats. After announcing copper tariffs earlier, Trump issued six new tariff letters, bringing the total number of affected countries to 21. Notably, BRICS members have been warned of upcoming duties, with tariffs taking effect from August 1.
Earnings radar: Key Q1 reports today
It is a packed earnings day. Apart from TCS, companies such as Tata Elxsi, IREDA, Anand Rathi Wealth, Eimco Elecon, GTPL Hathway, International Travel House, Netlink Solutions, Oswal Pumps, and Silverline Technologies are scheduled to release their Q1FY26 results.