Stock Market Updates: GIFT Nifty Hints Muted Start; Trump Shifts Tariff Deadline To Aug 1
Indian stock markets are likely to open on a cautious note, with a flat-to-negative bias on Monday, July 7
Sensex Today: Indian stock markets are likely to open on a cautious note, with a flat-to-negative bias on Monday, July 7, as investors react to the latest updates on US tariff measures under President Donald Trump's administration. US Treasury Secretary Scott Bessent announced on Sunday that the new tariffs will be enforced starting August 1 for countries that fail to finalise trade agreements with the US — a list that currently includes India.
Bessent stated that the extended timeline is meant to give US trading partners additional time to renegotiate tariff terms. The uncertainty around India's pending trade agreement with the US could weigh on investor sentiment.
As of 6:40 AM, GIFT Nifty futures were trading 13 points lower at the 25,528 level, indicating a muted start for domestic indices.
Apart from global cues, market focus will gradually shift toward the first quarter earnings season for FY26. Tata Consultancy Services (TCS) will kick off the results season with its Q1 numbers scheduled for July 10. Other key earnings include DMart on July 11, HCL Technologies on July 14, and Tech Mahindra on July 16.
With no major domestic triggers expected today, the market is likely to remain stock-specific. Trends in foreign institutional investor (FII) flows and cues from global markets will play a critical role in driving sentiment through the session.
Global Markets Update:
Asian markets were mostly in the red on Monday, dragged lower by uncertainty over the shifting US tariff deadline. Japan's Nikkei 225 dipped 0.26%, while South Korea's Kospi shed 0.48%. Australia's S&P/ASX 200 hovered near the flat line in early trade.
In the US, stock futures indicated a weak start for Wall Street. Dow Jones Industrial Average futures were down 146 points, or 0.32%. S&P 500 futures slipped 0.39%, and Nasdaq 100 futures declined 0.42%, reflecting cautious sentiment amid global trade concerns.
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Aparna Deb
Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18.
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