Nifty bulls are aiming hard to float above the dotted lines with “Butterflies in the Stomach”.
A little bit feeling of nervousness or excitement seen ahead of news of US-India tariff deal.
Nifty (+3, 25526)
Sensex (-22, 83690)
Bank Nifty (-87, 57166)
Nifty (CMP: 25526)
SUPPORT: 25401/25221
RESISTANCE: 25670/26277
TRADING RANGE (25400-24650)
SECTOR GAINER:
Nifty FMCG (+0.53%)
NIFTY AUTO (+0.34%)
NIFTY PHARMA (+0.15%)
SECTOR LOSER:
NIFTY REALITY (-0.91%)
NIFTY METAL (-0.84%)
NIFTY IT (-0.66%)
Top Index Gainers:
JIO FINANCIAL (+1.73%)
BAJAJ FINANCIAL +1.53%)
SHRIRAM FINANCE (+1.38%)
ASIAN PAINTS (+1.10%)
HUL (+1.02%)
Top Index Losers:
TATA STEEL (-1.78%)
HCL TECH (-1.67%)
HINDALCO (-1.14%)
WIPRO (-0.91%)
DR REDDYS LAB (-0.83%)
KEY THEMES FOR THE DAY:
Stock markets across the globe are trading with caution after US President Donald Trump insisted on the bulk of US trading partners will actually kick in on August 1.
Copper prices had earlier spiked to record highs at $5.8 per pound after Trump announced plans to impose a 50% tariff on copper imports.
Gold prices ($3291 per ounce) was seen consolidating on the backdrop of a tempered Federal Reserve dovish outlook offset concerns over renewed trade tensions.
2) The street is bit hopeful and easing investors’ concerns is the fact that the August 1st deadline allows more time for negotiations. Moreover, the 25% tariff starting August 1st is lower than the previously threatened rate of up to 35%.
3) Our call of the day suggests that tariff volatility is back on the front pages and the negative takeaway is that there is no end in sight for tariff uncertainties.
4) India VIX drops towards 11.93 levels.
3) Bank Nifty (-0.13%) inches a tad lower, indicating desired consolidation to be the preferred theme for the day.
Bank Nifty’s fresh all-time-high is at 57628.40 mark.
4) Nifty’s biggest support is placed at 25221 mark. Confirmation of strength only above 25670 mark.
11:30 AM GLOBAL UPDATE:
Dow Futures: (-21, 44219)
Nasdaq 100 Futures (-9, 22693)
Nikkei (+101, 39790)
Hang Seng (-226, 23921)
Dollar Index (-0.01%, 97.57)
WTI OIL (-0.06%, 68.13)
Gold (-11, 3290)
Securities in Ban for Trade Date: Tuesday, July 8th 2025
RBL BANK
STOCKS IN SPOTLIGHT:
Synergy Green Industries (SGIL) gained 7% after the company secured a development order for 3.3 MW turbine parts from Adani Wind, the wind energy division of Adani New Industries.
JSW Steel (+0.19%) rings 14% YoY growth in Q1 FY26 steel production volume. The firm has recorded consolidated steel production of 7.26 million tonnes in Q1 FY26, up 14% as compared with production volume of 6.35 million tonnes reported in Q1 FY25.
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