Gift Nifty Indicates a Flat Start for India Markets Amid Mixed Global Signals on July 28

The domestic equity market benchmarks, the Sensex and Nifty 50, are likely to open flat on Monday, tracking mixed global cues.

Asian markets were trading on a mixed note, while US markets ended higher last week, with US stock futures edging up after President Donald Trump signed a framework trade deal with the European Union.

Gift Nifty Today

At 7:46 AM Gift Nifty was at 24,838.5, down by 0.01%, after opening at 24,825.0. This suggests a muted opening for Indian equities.

Asian Market Overview

Asian markets traded mixed on Monday as investors awaited further updates on the US-China trade negotiations. Japan’s Nikkei 225 slipped 0.52%, while the Topix index declined 0.44%. South Korea’s Kospi edged down 0.11%, with the Kosdaq remaining flat. Meanwhile, Hong Kong’s Hang Seng Index futures signalled a stronger opening.

Wall Street Insights

US markets closed higher on Friday, buoyed by optimism over the US-European Union trade agreement, with the S&P 500 and Nasdaq hitting record highs.

The Dow Jones Industrial Average rose 0.47% to 44,901.92, the S&P 500 gained 0.40% to 6,388.64, and the Nasdaq added 0.24% to 21,108.32. For the week, the S&P 500 advanced 1.5%, the Nasdaq gained 1%, and the Dow climbed 1.3%.

Tesla’s stock rose 3.52%, Deckers Outdoor surged 11%, while Intel dropped 8.5%. Charter Communications plunged 18%, Paramount Global fell 1.6%, and Centene jumped 6.1%.

Domestic Market Recap

On Friday, Indian markets extended their losing streak, closing sharply lower for a second straight session. The Sensex tumbled 721.08 points (0.88%) to 81,463.09, while the Nifty 50 fell 225.10 points (0.90%) to settle at 24,837.00.

US-EU Trade Deal

In another key development, the United States finalised a framework trade deal with the European Union, which includes a 15% import tariff on most EU goods. US President Donald Trump and European Commission President Ursula von der Leyen announced the agreement, set to take effect on August 1.

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Conclusion

Overall, GIFT Nifty signals a cautious start for Indian equities as global cues remain mixed. While US markets ended higher, Asian indices showed uncertainty, prompting a muted outlook. Investors are expected to remain watchful ahead of key economic updates and earnings announcements.

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