Market Opens in Red Amid Global Uncertainties

Today, the Indian equity benchmark indices, Nifty50 and BSE Sensex, opened lower, reflecting global apprehensions surrounding US President Donald Trump’s tariff policies. At 9:17 AM, Nifty50 was observed at 25,436.45, marking a decrease of 25 points or 0.096%, while BSE Sensex stood at 83,348.17, down by 85 points or 0.10%.

Experts Predict Continued Consolidation

Market analysts foresee a phase of consolidation as the market awaits more definitive news on trade discussions. The commencement of the earnings season this week is expected to bring individual stock movements into focus, driven by Q1FY26 business performance updates.

Insights from Geojit Investments Limited

VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, highlighted concerns over a potential US-India trade deal and the repercussions of SEBI’s report on Jane Street as key influencers of today’s market dynamics. He also pointed out the possibility of an interim trade agreement before the July 9 tariff deadline, which could positively impact the market.

Global and Domestic Market Movements

Following the decline in American equities post President Trump's tax reduction legislation, Asian markets exhibited restrained activity. Meanwhile, gold and oil prices experienced downturns, attributed to advancements in trade deals and OPEC+’s unexpected production increase, respectively.

Investment activities showed Foreign Portfolio Investors and Domestic Institutional Investors in a net selling position, with FIIs expanding their net short in the futures market.

Disclaimer: The views and recommendations provided by experts are their own and do not represent the stance of The Times of India.