Indian stock market is poised for a muted start today, mirroring the mixed performance of Asian peers, as investors adopt a cautious stance ahead of an impending tariff deadline from U.S. President Donald Trump. Market participants are also awaiting greater clarity on the recent U.S.-EU trade developments.

At 8:10 AM, GIFT Nifty futures were trading 3.5 points lower at 24,838.5, indicating a subdued opening for the Indian benchmark indices, BSE Sensex and NSE Nifty.

President Trump announced on Sunday that a trade agreement had been reached with the European Union. Under the deal, the U.S. will impose a baseline tariff of 15% on European imports. In return, the EU has agreed to purchase $750 billion worth of American energy products and commit an additional $600 billion in investments within the United States.

Back home, Indian equities extended their losing streak for a fourth straight week, with investor sentiment dampened by uncertainty surrounding the upcoming U.S. tariff deadline. During the week ended July 25, 2025, both the Sensex and Nifty slipped around 0.5% each, with the sell-off intensifying in the last two sessions as concerns over potential trade tensions and global economic uncertainty took centre stage.

On Friday, the 30-share Sensex closed at 81,463.09, down 721 points or 0.88%, and the Nifty50 at 24,837, down 225 points or 0.9%. The broader market saw sharp selling, with the Nifty MidCap index falling 1.61% and the Nifty SmallCap index tumbling 2.1%.

Stocks to watch

Q1 results today: Adani Green Energy, Adani Total Gas, Bharat Electronics, IndusInd Bank, Gail (India), Nippon Life India Asset Management, Mazagon Dock Shipbuilders, NTPC Green Energy, RailTel Corporation of India, Torrent Pharmaceuticals, Bajaj Healthcare, CarTrade Tech, JK Paper, KEC International, Motherson Sumi Wiring India, Piramal Pharma, Quess Corp, and Waaree Energies will release their June quarter earnings today.

Kotak Mahindra Bank: The private sector lender has reported a standalone net profit of ₹3,282 crore for the first quarter ended June 30, 2025 (Q1 FY26), down 7% year-on-year (YoY) from ₹3,520 crore in the same period last year.

Bank of Baroda: The PUS lender reported a 1.9% YoY increase in standalone net profit to ₹4,541.4 crore in Q1, compared to ₹4,458.2 crore a year ago.

IDFC First Bank: The lender saw its standalone net profit plunge 32% YoY to ₹462.6 crore in Q1, down from ₹680.7 crore.

Central Depository Services (CDSL): The company posted a 23.7% decline in consolidated profit at ₹102.4 crore in Q1, compared to ₹134.2 crore in the previous year.

Whirlpool of India: The firm reported a 0.6% increase in consolidated net profit to ₹146.1 crore versus ₹145.3 crore a year ago.

Jammu & Kashmir Bank: The bank reported a 16.7% increase in standalone profit at ₹484.8 crore, up from ₹415.5 crore YoY.

Steel Authority of India (SAIL): The steel major recorded a significant nine-fold jump in consolidated net profit to ₹744.6 crore in Q1, from ₹81.8 crore last year.

Petronet LNG: The company saw its consolidated profit fall 23.8% to ₹841.9 crore from ₹1,105.5 crore in the same quarter last year.

Sobha: The real estate company registered a 125% increase in consolidated net profit to ₹13.6 crore from ₹6.1 crore in the previous year.

Tata Chemicals: The Tata group company posted an 87% rise in consolidated profit at ₹252 crore compared to ₹135 crore YoY.

SBI Cards and Payment Services: The card and payment services arm of the SBI saw a 6.5% decline in net profit to ₹556 crore from ₹594.5 crore YoY, while NII increased 13.8% to ₹1,680.3 crore from ₹1,476.5 crore.

Aadhar Housing Finance: The housing finance company reported an 18.6% YoY rise in standalone net profit at ₹237.3 crore versus ₹200.1 crore.

Poonawalla Fincorp: The company witnessed a 78.5% decline in standalone profit at ₹62.6 crore from ₹291.6 crore YoY.

Dr. Reddy’s Laboratories: The pharma major has committed ₹565.4 crore towards equity investment in its step-down subsidiary in Russia, Dr Reddy’s Laboratories LLC.

IndusInd Bank: The private lender has announced that its Chief Human Resources Officer, Zubin Mody, will step down effective October 24 to explore new opportunities.

JSW Energy: JSW group company has been granted approval by the Hyderabad bench of the NCLT to withdraw the insolvency plea against KSK Water Infrastructures.

Alembic Pharmaceuticals: The drug maker has obtained final clearance from the U.S. FDA for its generic version of Carbamazepine extended-release tablets.

VA Tech Wabag: The company has won a ₹380 crore contract from the Bangalore Water Supply and Sewerage Board (BWSSB), backed by World Bank funding.

RITES: The PSU has been issued a letter of intent by Bharat Electronics Ltd (BEL) for a ₹177.2 crore project.

Concord Biotech: The company has successfully completed a Russian Good Manufacturing Practice (GMP) audit at its active pharmaceutical ingredient (API) plant in Dholka, Gujarat.

Ola Electric Mobility: The auto company has received board approval for variation in the objects or terms of utilisation of the initial public offering (IPO) proceeds and the extension of the time limit for their utilisation. The proposal is subject to shareholder approval.

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