Gift Nifty Trade Higher: Indian Stock Market Set for a Positive Start on July 24

On July 24, 2025, the Indian equity benchmarks, the Sensex and Nifty 50, are set for a higher opening buoyed by positive global sentiments and strong cues from Asian markets.

Gift Nifty Indicates Positive Start

Gift Nifty futures were trading around the 25,162 in early trade, nearly 68 points above Tuesday’s Nifty futures close, hinting at a strong opening for domestic equities.

Global Market Overview

Asian stock markets advanced after the announcement of a major US-Japan trade agreement. The development sparked investor optimism, with Japan’s Nikkei 225 surging 2% and the broader Topix index climbing 1.87%. Japanese auto giants like Toyota, Honda, and Nissan led the rally. Elsewhere in the region, South Korea’s Kospi gained 0.89%, and the Kosdaq rose 0.22%. Futures for Hong Kong’s Hang Seng index also pointed to a stronger start.

Meanwhile, on Wall Street, indices ended on a mixed note overnight. The S&P 500 registered a fresh record closing, rising 0.06% to 6,309.62. The Dow Jones Industrial Average advanced 0.40% to 44,502.44, while the tech-heavy Nasdaq slipped 0.39% to close at 20,892.69.

Domestic Market Recap

Back home, Indian markets wrapped up Tuesday’s session on a subdued note, despite intraday volatility. The Sensex dipped 13.53 points (0.02%) to end at 82,186.81, while the Nifty 50 shed 29.80 points (0.12%) to settle at 25,060.90.

US-Japan Trade Deal

Global sentiment was lifted after former US President Donald Trump revealed details of a “massive” trade agreement with Japan. According to reports, the deal includes a reduced 15% tariff on US imports and promises up to $550 billion in Japanese investments in the US.

Also Read: From Free Grains to Lower Rates: How India’s Fighting Inflation

India-UK Trade Deal

In a significant move on the domestic front, India’s Union Cabinet has approved a free trade agreement with the United Kingdom. Termed a “landmark deal” by Prime Minister Narendra Modi, the FTA is expected to be signed during his visit to London this week.

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