Domestic equity benchmarks, Sensex and Nifty 50, are poised for a flat opening on Tuesday, mirroring the mixed trends seen across global markets.
Gift Nifty was trading near the 25,633 level in early trade, up 1 point higher than the previous Nifty futures close. This indicates a slightly positive start for Indian equities on Tuesday.
Asian markets displayed a mixed performance on Tuesday, tracking the strong close on Wall Street overnight. While the S&P 500 and Nasdaq hit fresh record highs in the US, Asian indices showed divergent trends. Japan’s Nikkei 225 fell 1.03%, and the broader Topix shed 0.56%. In contrast, South Korea’s Kospi gained 1.67%, and the Kosdaq advanced 0.66%. Hong Kong markets remained closed due to a public holiday.
On Monday, Indian equities snapped their four-day winning streak, closing lower as investors opted to lock in profits after a robust rally. However, despite the day’s dip, both Sensex and Nifty 50 managed to close the month of June in positive territory for the fourth straight month.
US stock markets closed on a strong note Monday, with both the S&P 500 and Nasdaq notching record closing highs. Optimism over upcoming trade deals and potential interest rate cuts fueled investor sentiment, capping the best quarterly performance for these indices in over a year.
White House Press Secretary Karoline Leavitt announced that the US and India are nearing the final stages of a new trade agreement. “These agreements are being finalized, and an official update from the President and the trade team is expected soon,” she said, following remarks from President Donald Trump hinting at the deal.
India's fiscal deficit for April–May of FY26 stood at ₹13,163 crore, accounting for just 0.8% of the full-year target. This marks a significant reduction from ₹50,615 crore recorded during the same period last fiscal year.
India’s industrial output, as measured by the Index of Industrial Production (IIP), grew just 1.2% in May—its slowest pace in nine months. This is a sharp decline compared to the 6.3% expansion reported in May 2024. Meanwhile, April’s growth figure was revised upward to 2.6%.
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Published on: Jul 1, 2025, 8:30 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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