&w=3840&q=100)
With July 9 deadline near, stock markets shrug off US tariff worries
Sundar Sethuraman Samie Modak Mumbai
Listen to This Article
Domestic stock markets are holding firm even as the July 9 deadline approaches for the new US tariff rates — ranging from 10 per cent to 50 per cent — announced by US President Donald Trump on April 2.
The tariffs, paused for 90 days to allow for bilateral trade negotiations, have sparked cautious optimism among investors who foresee an extension or a favourable US-India trade deal.
The benchmark Nifty 50 index last ended at 25,542, less than 3 per cent below its record closing of 26,179 on September 27, 2024. From this year's low of 22,162 on April 7,
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
an hour ago
- India Today
Stock market opening: Sensex, Nifty to rally over US-India trade deal?
Stock markets are expected to open higher on Wednesday, July 2, following comments from U.S. President Donald Trump suggesting that a trade deal between India and the United States could be remarks have brought fresh optimism to investors and raised hopes that India could avoid a hike in tariffs set to take effect to the positive sentiment, U.S. Treasury Secretary Scott Bessent also said that both countries are making progress toward an agreement that could help India sidestep sharp tariff increases. The potential deal is being closely watched ahead of Trump's July 9 deadline to impose higher Nifty futures, which are seen as an early indicator for Indian market openings, traded at 25,686.50 points at 8:24 am. This suggests that the Nifty 50 index could open higher than its previous closing level of 25, and the Sensex had remained mostly flat in the last two sessions, taking a pause after their recent upward run. However, the latest news from the U.S. has brought fresh hopes that markets may regain on the expected trend, VLA Ambala, Sebi Registered Research Analyst and Co-Founder of Stock Market Today, said that the upcoming trade agreement is likely to impact selected sectors more than the broader market. According to Ambala, sectors like agriculture, auto, gems and jewellery, textiles, electronics, pharmaceuticals, energy, renewable energy and electric vehicles, and handicrafts could see the biggest added that the Nifty index currently has support at 25,460, while 25,630 acts as the resistance level. A clear move beyond this range could trigger a further shift of 1% to 2%. She expects the index to find support in the 25,300 to 25,460 range and face resistance around 25,630 to 25,850 in the next trading broader Asian markets showed a mixed trend. The MSCI Asia ex-Japan index slipped by 0.2%, indicating some caution in the region. Investors remained watchful of global cues and upcoming economic the United States, stock markets showed mixed movement on Tuesday. Treasury yields went up as investors reviewed weak manufacturing and jobs data. At the same time, comments from U.S. Federal Reserve Chair Jerome Powell kept investors cautious. Powell said that the central bank would wait to see how tariffs impact inflation before deciding to cut interest The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsMust Watch
Mint
an hour ago
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 2 July 2025
Stocks to buy under ₹ 100: Without any big trigger, the Indian stock market remained rangebound throughout the Tuesday session. The Nifty 50 index ended 24 points higher at 25,541, the BSE Sensex finished 90 points higher at 83,697, while the Bank Nifty index gained 146 points and closed at 57,459. Leading the charge among the top performers on the Nifty were Apollo Hospital, BEL, and Reliance, showcasing individual stock strength. Conversely, Nestle, Axis Bank, and Shriram Finance ended the session as major losers. Trading volumes on the NSE cash market were down by 7% compared to yesterday, indicating moderate activity. After their sharp rally over the last seven days, both the Midcap and the Smallcap Indices entered a phase of consolidation in a narrow range. The Nifty Midcap 100 gained a marginal 0.01%, while the Nifty Smallcap 100 registered a slight dip of 0.10%. Despite this, market breadth remained positive for the sixth consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.04. Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index witnessed a very narrow rangebound session hovering near the 25,500 to 25,550 zone with consolidation happening, maintaining the bias positive and anticipating a further rise in the coming days. We maintain our stance for the index, having the near-term support positioned near the 25,250 to 25,300 zone. On the upside, the scope for higher targets of 25, 700, and 26200 levels is achievable, with the undertone maintained strong." "The Bank Nifty index overall had a sluggish session with some positive moves witnessed in the second half among the financial counters, anticipating a further upward move once a decisive breach above the 57600 zone is confirmed. The index has sustained near the peak zone with bias maintained strong, having the important support near the 56,000 zone, which needs to be sustained, and, on the upside, with the bias improving, can expect fresh targets of 58,500 and 60,000 levels in the coming days," said Shiju Kuthupalakkal of Prabhudas Lilladher. Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment — recommended four intraday stocks for today under ₹ 100: Filatex India, IOB, Paisalo Digital, and Paramount Communications. 1] Filatex India: Buy at ₹ 57, Target ₹ 68, Stop Loss ₹ 55; and 2] IOB: Buy at ₹ 40, Target ₹ 45, Stop Loss ₹ 38. 3] Paisalo Digital: Buy at ₹ 31.40, Targets ₹ 33.30, ₹ 34.20, Stop Loss ₹ 30.20. 4] Paramount Communications: Buy at ₹ 57.50, Target ₹ 62.50, Stop Loss ₹ 56. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hindustan Times
an hour ago
- Hindustan Times
PM Modi departs for 5-nation tour, longest diplomatic visit in 10 years
External Affairs Minister S. Jaishankar met with Australian FM Penny Wong and US officials, including Defence Secretary Pete Hegseth and Secretary Marco Rubio, during a summit in Washington. Discussions focused on strengthening India-US defence ties, expanding industrial cooperation, and enhancing bilateral partnerships in security, technology, and energy. Jaishankar emphasized the strategic importance of these relationships amid ongoing high-level engagements.
