The Indian equity benchmark indices, the BSE Sensex and the NSE Nifty50, are poised to begin the week on a subdued note, tracking mixed signals from Asian markets. Investor sentiment remains on edge as U.S. President Donald Trump confirmed that the “reciprocal” tariffs will take effect from August 1, not July 9, for countries that haven't finalised a trade deal. At 8:10 AM, the GIFT Nifty futures were trading 26 points lower at 25,501, indicating a weak start for the Indian stock markets.

“There are reports of a possible interim trade deal between the U.S. and India before the July 9th tariff deadline. If that happens, that would be a positive. The regulatory action on Jane Street and its implications will be closely watched by the market. The volume of derivative trading is likely to take a hit, impacting stock exchanges and some brokerages. This has implications for their stock prices, too,” said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

“The short-term issues are unlikely to have any long-term impact on the market. Short-term dips can be used by long-term investors to buy high quality stocks, preferably in fairly valued large-caps. Q1 results expectations are modest. So watch out for the outperformers," he added.

In the global markets, Asian stocks witnessed a bearish trend with sentiment remaining fragile as the 90-day tariff pause nears its end, raising uncertainties regarding global trade negotiations. Japan’s benchmark Nikkei 225 declined 0.5%, South Korea’s Kospi traded flat, while Hong Kong’s Hang Seng index tumbled 0.4%. Australia’s ASX 200 was down 0.2%, while China’s Shanghai Composite slipped 0.1%.

On Friday, Wall Street ended on a positive note, with all three major indices—the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite—hitting record highs during the session. Finally, the S&P 500 index ended up by 0.52%, the Nasdaq Composite added 0.52%, while the Dow Jones Industrial Average climbed 1%.

Stocks to watch today

Adani Enterprises: The Adani Group flagship has announced the launch of its second public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) with a total size of up to ₹1,000 crore.

Rail Vikas Nigam: The state-owned railway company has secured an order from Southern Railway for the upgradation of the electric traction system from 1x25 kV to 2x25 kV in the Salem Division.

IndusInd Bank: The private sector lender has reported a fall in both advances and deposits during the June quarter, with net advances dropping 3.9% year-on-year, while deposits slid by 0.3% from the previous year.

UltraTech Cement: The Aditya Birla group company has issued a clarification stating it is not under investigation before the Competition Commission of India (CCI) in a cement cartelisation case.

Hazoor Multi Projects: The firm has bagged an order from Apollo Green Energy for NHPC’s 200 MW grid-connected solar PV project in GSECL’s RE Solar Park, Khavda (Stage-3), Gujarat.

BEML: The PSU has two export orders—one from the Commonwealth of Independent States (CIS) region for the supply of heavy-duty bulldozers, and second from Uzbekistan for the supply of high-performance motor graders.

Mahindra Lifespace Developers: The Mahindra Group company has launched a new tower at Mahindra Citadel, with an overall gross development value (GDV) of nearly ₹2,500 crore.

Jyoti CNC Automation: The company has secured 20 acres of land at the Tumakuru Machine Tools Park (TMTP) in Karnataka’s Tumakuru district.

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