Indices poised for a flat start
GIFT Nifty July 2025 futures were trading 2 points higher in early trade, suggesting a positive opening for the Nifty 50.
Institutional Flows:
Foreign portfolio investors (FPIs) sold shares worth 1,970.14 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 771.08 crore in the Indian equity market on 1 July 2025, provisional data showed.
According to NSDL data, FPIs have bought shares worth Rs 45.87 crore in the secondary market during July 2025. This follows their purchase of shares worth Rs 8466.77 crore in June 2024.
Global Markets:
Asian stocks were mixed on Wednesday as investors evaluated recent comments from U.S. Federal Reserve Chair Jerome Powell. Powell stated on Tuesday that the central bank would have already cut interest rates if not for U.S. President Donald Trump's tariff policies.
In Singapore, stocks touched a record high on Wednesday morning, supported by local market strength despite broader global uncertainty.
Overnight in the United States, major indices ended the session with mixed results. The S&P 500 dipped 0.11% and the Nasdaq Composite declined 0.82%. In contrast, the Dow Jones Industrial Average rose 0.91%, reflecting some rotation into blue-chip stocks.
Investor sentiment remained cautious ahead of the July 9 tariff deadline, when reciprocal tariffs are scheduled to be reimposed unless a resolution is reached.
Tesla shares dropped 5.3% after President Trump criticized CEO Elon Musk, claiming he has benefited disproportionately from government subsidies. Trump also called for a review of Teslas federal support.
The tension follows Musks public criticism of a large tax and spending bill, which narrowly passed in the Senate on Tuesday. The bill is expected to add approximately 3.3 trillion dollars to the national debt. It now moves to the House of Representatives for further consideration, with President Trump aiming to sign it into law by the July 4 holiday.
Traders are now focused on Thursday's U.S. nonfarm payrolls report, which may influence the Federal Reserve's decision on a potential rate cut in July.
Domestic Market:
The domestic benchmark indices closed slightly higher on Tuesday. Investor sentiment remained cautious as markets awaited developments in U.S. trade talks ahead of the July 9 tariff deadline. Buying was seen in PSU banks, energy, and metal stocks, while FMCG and IT shares faced selling pressure. The S&P BSE Sensex rose 90.83 points or 0.11% to 83,697.29. The Nifty 50 index added 24.75 points or 0.10% to 25,541.80.
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Economic Times
16 minutes ago
- Economic Times
US stock market today: Wall Street edges higher as S&P 500 gains on Trump's Vietnam trade deal, Nasdaq jumps, Dow steady amid weak ADP jobs data
S&P 500 rises as President Trump announces new U.S.-Vietnam trade deal, but gains remain modest amid weak June payroll data. Market eyes Thursday's official jobs report and possible Fed rate cut. Dow trades flat, Nasdaq gains 0.7%. S&P 500 rises after Trump reveals Vietnam trade deal, but weak jobs data keeps gains in check- The S&P 500 rose on Wednesday following a surprise announcement from President Donald Trump about a new U.S.-Vietnam trade deal, which he shared via Truth Social. The benchmark index edged up 0.2%, driven by fresh hopes of improving global trade relations. However, the enthusiasm on Wall Street was held back by troubling labor market data. According to the latest ADP payrolls report, the U.S. private sector lost 33,000 jobs in June, the first monthly drop since March 2023, and far below economists' forecast of a 100,000-job gain. The Nasdaq Composite performed slightly better, climbing 0.7%, while the Dow Jones Industrial Average hovered near the flatline, reflecting mixed investor sentiment amid both positive trade developments and concerning economic indicators. The US stock market showed mixed movements today, July 2, 2025, with the S&P 500 and Nasdaq Composite trading higher, while the Dow Jones Industrial Average saw modest gains. The markets responded to President Donald Trump's announcement of a Vietnam trade deal, alongside investor caution over weaker-than-expected private payroll data for June. S&P 500 (via SPY ETF): 618.8 , up 0.2% , up Nasdaq Composite: +0.7% , helped by tech recovery , helped by tech recovery Dow Jones Industrial Average: Up nearly 400 points or ~0.9%, led by industrials and materials Tesla stock surged nearly 6% after reporting 384,000 Q2 deliveries, beating expectations. deliveries, beating expectations. Health-care sector dropped sharply, with one major provider falling around 40%, dragging others in the group. Materials and industrials stocks gained, as investors rotated away from tech and into value sectors. ADP private payrolls report showed a decline of 33,000 jobs in June — the first monthly drop since March 2023. jobs in June — the first monthly drop since March 2023. Economists had expected a gain of 100,000 jobs, leading to speculation about a potential Fed interest rate cut at the July meeting. jobs, leading to speculation about a potential Fed interest rate cut at the July meeting. Eyes are now on Thursday's official non-farm payroll report, forecasted to show 110,000 job gains and 4.3% unemployment. Federal Reserve decision on interest rates could shift if job data continues to weaken. Investors remain cautious, with stock indexes near all-time highs and macroeconomic uncertainty in focus. Trump's tax-and-spending bill, which just passed the Senate, is heading to the House and may influence fiscal policy outlook in the coming weeks. Tariff deadlines and ongoing geopolitical developments are also on the radar for market watchers. President Trump's announcement of a new trade deal with Vietnam provided a brief tailwind to the S&P 500 and investor sentiment. Although the president did not offer details about the agreement, the post alone was enough to shift market focus from ongoing global economic uncertainty to potential international cooperation. This deal could mark a strategic step in balancing Asian trade relations, especially as tensions with China continue to weigh on global markets. However, without specifics, analysts remain cautious. Markets are looking for clarity—such as whether the deal covers tariffs, technology exchange, or broader economic cooperation. The optimism sparked by Trump's trade news was tempered by a stark jobs report from ADP, showing that private payrolls declined by 33,000 last month. This marked the first negative reading since March 2023, and it shocked analysts, who had projected a gain of 100,000 jobs. Ross Mayfield, an investment strategist at Baird, told CNBC, 'We've been seeing a weakening of the labor market for months, and I always wondered if it would take a negative payrolls print to get the [Federal Reserve] to pay more attention.' His comment reflects growing concern that the Fed's focus on inflation may be overshadowing emerging cracks in the labor sector. Investors are now speculating whether Federal Reserve policymakers will shift course. A weak job market could become a trigger for a long-anticipated rate cut, especially as inflation pressures begin to cool. The CME Group's FedWatch tool now shows a 25% chance of a July rate cut, up from 20% just the day before. Sam Stovall, chief investment strategist at CFRA Research, believes that a softer jobs report could clear the path. 'If we end up having a fairly weak employment report, then that could allow the Fed to be cutting rates,' he said. Stovall also pointed out that Fed Chair Jerome Powell had previously mentioned that the central bank would have already cut rates if not for Trump's earlier tariff plans. Despite Wednesday's ADP data, traders are now looking ahead to Thursday's official government jobs report. Economists are forecasting a gain of 110,000 jobs for June. However, if that figure misses the mark in a similar way to ADP's number, markets may begin pricing in more aggressive Fed action later this month. This comes as stocks flirt with record highs, making them particularly sensitive to economic data and Federal Reserve decisions. Wall Street's mixed performance—where the Dow surged 400 points on Tuesday while tech-heavy indexes fell—suggests a market still unsure about its direction. In addition to the trade announcement and economic data, investors are watching Trump's tax-and-spending bill, which narrowly passed the Senate on Tuesday. The measure now returns to the House, where some GOP lawmakers remain opposed. The bill could have broad implications for sectors like infrastructure, healthcare, and manufacturing, depending on how funds are allocated. Meanwhile, the market has seen a rotation out of technology stocks and into more defensive sectors such as materials and healthcare, signaling that investors are bracing for potential economic headwinds. Index Move Today S&P 500 +0.2% Nasdaq +0.7% Dow Jones +0.9% (~400 pts) Tech stocks recovered, led by Tesla Health-care stocks under pressure Investors watch job data and Fed signals closely S&P 500 rose 0.2%; Nasdaq gained 0.7%; Dow was flat. President Trump announced a new U.S.-Vietnam trade deal, but offered no specifics. ADP report showed 33,000 private jobs lost in June, vs. 100,000 expected. Fed may consider interest rate cuts if Friday's official jobs data also disappoints. Trump's tax bill passed Senate, still faces GOP resistance in House. With Trump's trade diplomacy making waves and labor market signals flashing warning signs, all eyes are on the upcoming jobs report and the Federal Reserve's July policy meeting. The next few days could shape the trajectory of both the stock market and U.S. economic policy for the rest of 2025. Q1: Why did the S&P 500 rise after Trump's Vietnam trade deal? Because investor sentiment improved after Trump revealed a new trade agreement with Vietnam. Q2: Could weak jobs data lead to a Fed rate cut? Yes, a drop in payrolls could push the Fed to lower interest rates this month.
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18 minutes ago
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PM Modi arrives in Ghana, receives guard of honour and 21-gun salute
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18 minutes ago
- Hans India
SEBI opens 6-month special window for re-lodgement of transfer deeds from July 7
Mumbai: In order to facilitate ease of investing and to secure investors' rights, capital market regulator Securities and Exchange Board of India (SEBI) on Wednesday decided to open a special window only for re-lodgement of transfer deeds, lodged before April 1, 2019 deadline, and were either returned, rejected or not attended due to deficiency in the documents or other reasons. The window will be open for 6 months-starting from July 7, 2025, to January 6, 2026. "During this period, the securities that are re-lodged for transfer shall be issued only in demat mode," the market regulator said in a circular. The market watchdog asked listed companies, RTAs and Stock Exchanges to advertise the opening of this special window through various media, including print and social media, on a bimonthly basis during the six-month period. "This issue was discussed in a Panel of Experts, which included RTAs, listed companies, and legal experts. Based on the discussion, the panel recommended that to alleviate the issue faced by the investors that missed the March 31, 2021, deadline for re-lodgement, one more opportunity may be granted for them to re-lodge such shares for transfer," the market regulator said in a statement. Notably, the transfer of securities in physical mode was discontinued with effect from April 1, 2019. Subsequently, the market regulator clarified that transfer deeds lodged prior to the deadline and rejected or returned due to a deficiency in the documents may be re-lodged with the requisite documents. Later, March 31, 2021, was fixed as the cut-off date for re-lodgement of transfer deeds. The decision came after the SEBI received requests from investors as well as RTAs and listed companies who had missed the timelines for re-lodging their documents for transfer of securities. Meanwhile, last month, the market regulator introduced key reforms to enhance the efficiency, inclusivity, and investor-friendliness of Indian financial markets. These decisions were approved during SEBI's board meeting chaired by Tuhin Kanta Pandey on June 18.
