Gift Nifty Indicates a Flat Start for India Markets Amid Mixed Global Signals on July 25

Domestic equity benchmarks, the Sensex and Nifty 50, are poised to open lower on Friday, tracking subdued cues from global markets.

Asian indices slipped in early trade, while Wall Street delivered a mixed performance overnight. Despite the Nasdaq and S&P 500 closing at new record highs, the broader market mood remains cautious.

Gift Nifty Today

The Gift Nifty was hovering around 24,998 in early trade, trading at a premium of 0.10% to its previous futures close. This suggests a muted opening for Indian equities.

Asian Market Overview

Asian markets opened on a weaker note, mirroring Wall Street’s mixed finish and uncertainty surrounding recent trade developments. Japan’s Nikkei 225 slipped 0.41%, while the broader Topix index dropped 0.55%. South Korea’s Kospi eased 0.1%, and the Kosdaq lost 0.48%. Futures on Hong Kong’s Hang Seng index signaled a soft start.

Wall Street Insights

US markets closed on a mixed note, with technology stocks once again leading the charge. The Nasdaq rose 0.18% to finish at 21,057.96, and the S&P 500 edged up 0.07% to 6,363.35 — both setting fresh all-time highs. Meanwhile, the Dow Jones Industrial Average underperformed, losing 0.70% to end at 44,693.91. Optimism around AI stocks, fueled by robust Q2 results from Alphabet, buoyed tech sentiment.

Domestic Market Recap

Back home, Indian markets saw a sharp decline on Thursday, dragged down by widespread selling pressure. The Nifty 50 tumbled below the 25,100, closing at 25,062.10 after shedding 157.80 points or 0.63%. The Sensex fell by 542.47 points, or 0.66%, ending the session at 82,184.17.

India-UK Free Trade Agreement

In a major policy development, India has signed a landmark Free Trade Agreement with the United Kingdom, aiming to bolster annual bilateral trade by nearly $34 billion. The deal will provide tariff-free access to 99% of Indian exports and reduce costs for British goods such as whisky, automobiles, medical devices, and cosmetics in the Indian market.

Also Read: New Visa Rules for Indians in 2025: What’s Changed for Travel to the US, Philippines and More 

ECB Holds Rates Steady

The European Central Bank opted to keep its benchmark interest rate unchanged at 2%, pausing after eight consecutive rate cuts since June 2024. The ECB cited the need for greater clarity on Europe’s trade outlook, particularly its future economic relationship with the United States.

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