Gift Nifty indicates flat start for Senses, Nifty

The BSE Sensex and NSE Nifty50 are set to start the week on a subdued note, tracking mixed cues from Asian markets amidst the increasing trade uncertainties. At 8:00 AM, GIFT Nifty futures were trading 11 points lower at 25,180, indicating a muted start for Indian share market.

Investor sentiment remains on edge as U.S. President Donald Trump announced to impose a 30% tariff on most imports from the European Union and Mexico starting August 1, despite ongoing negotiations.

Asian markets traded mixed on Monday as tariff concerns weighed on sentiment. Japan’s Nikkei 225 slipped 0.3%, Taiwan’s Weighted Index dropped 0.6%, and Australia’s ASX 200 hovered slightly lower. In contrast, China’s Shanghai Composite gained over 0.5%, South Korea’s Kospi rose 0.3%, while Hong Kong’s Hang Seng and Singapore’s Straits Times edged marginally higher.

The promoters of VIP Industries have decided to divest 32% of their stake to a new group of investors. This will be followed by a mandatory open offer for an additional 26% stake, in line with regulatory requirements.

The transaction was officially announced on Sunday evening, although details regarding the deal value and open offer price remain undisclosed.

After three consecutive months of positive inflows, foreign portfolio investors (FPIs) have turned net sellers in Indian equities so far in July. According to NSDL data, FPI investments through stock exchanges recorded a marginal outflow of ₹555 crore as of July 11, the first negative monthly figure since March, said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

This comes after a reversal of the trend earlier in the year, when FPIs were net sellers in the first quarter, followed by strong inflows in April, May, and June. However, for 2025 to date, net FPI flows remain negative at ₹1,00,443 crore, largely due to heavy selling in January and February.

"FPI selling in July after three months of buying can be attributed to the recovery in the market from the March lows and the consequent elevated valuations. Since other markets are cheaper relative to India, FIIs may again sell and move money to cheaper markets as a short-term strategy. In H1 2025 Indian market underperformed most markets including the MSCI EM index," said Vijayakumar.

This week earnings season will be in full focus. A packed calendar includes results from HCL Tech, Tech Mahindra, Axis Bank, ICICI Bank, Wipro, JSW Steel, L&T Finance, and HDFC Bank, among others, said Ajit Mishra – SVP, Research, Religare Broking.

On the macroeconomic front, participants will closely track the WPI and CPI inflation data scheduled for July 14 for further cues on the economy. Apart from these, the trend in FII flows and movement in crude oil prices will also remain on traders’ radar.

Globally, markets will watch for any updates related to trade negotiations and tariffs, along with key economic data releases such as U.S. inflation and China’s GDP numbers, said Mishra.

Nifty has breached its key short-term support, the 20-day Exponential Moving Average (EMA), and slipped back into the earlier consolidation range of 24,500-25,200, signaling a disruption in the recent positive bias. This breakdown suggests the index may now witness extended consolidation in the near term, said Ajit Mishra – SVP, Research, Religare Broking..

On the downside, the 24,500-24,900 zone will serve as a crucial support area, while any rebound faces immediate resistance at 25,550, with a stronger supply zone around 25,750, he said.

Bitcoin (BTC) extended its rally to a new all-time high of $119,960, fueled by strong momentum ahead of the upcoming “Crypto Week.” This surge has propelled Bitcoin past Silver and Google, making it the sixth-largest asset globally by market capitalisation.

The rally was underpinned by $2.7 billion in spot ETF inflows last week, alongside sustained accumulation by retail investors, who are collectively acquiring over 19,000 BTC per month, said Edul Patel, Co-founder and CEO of Mudrex.

“If BTC breaks the $120,000 resistance, it could target $125,000 next, with strong support seen at $114,500.”

Meanwhile, altcoins like Ethereum (ETH) remaind above $3,000, and Ripple (XRP) continued to trade above $2.96, both at multi-month highs.

HCL Technologies, Ola Electric Mobility, Tata Technologies, Tejas Networks, Nelco, Rallis India, Den Networks, Kesoram Industries, and Sambhv Steel Tubes are set to release their June quarter results today.

In the current environment of heightened volatility and mixed market signals, traders are advised to follow a cautious "sell on rise" strategy, especially when trading with leverage. Booking partial profits on rallies and using tight trailing stop-losses is recommended to manage risk effectively, said Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking.

Fresh long positions should be considered only if Nifty sustains above 25,378. While the broader market tone remains cautiously bullish, close attention to key technical levels and global cues remains critical for short-term positioning, said Matalia.

Silver outperformed most commodities last week, hitting an all-time high on the domestic front and hovering near $40 per ounce on COMEX, driven by strong investor interest. Gold prices also rose, touching a three-week high, supported by safe-haven demand after U.S. President Donald Trump threatened to impose 30% tariffs on imports from the EU and Mexico starting August 1, said Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services.

“Both the EU and Mexico described the tariffs unfair and disruptive, while the E.U. said it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement. Chicago Fed Bank President Austan Goolsbee said the new tariffs unveiled by Trump could spark fresh concerns about inflation, which might force the Fed to maintain its wait-and-see posture.”

“Meanwhile, gold speculators cut net long positions by 1,855 contracts to 134,842 in the week to July 8. Investors now await the U.S. inflation data for June due tomorrow for more cues on the Federal Reserve's interest rate path. Markets are currently pricing in just over 50 bps worth of Fed easing by December,” said analyst at Motilal Oswal.

Market is expecting a US- India trade deal soon with a tariff rate of around 20% for India. If this happens the market will get a sentimental boost. Any disappointment on this front can drag the market further down,” said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

"Nifty has been exhibiting weak trend weighed mainly by the weakness in the IT stocks. This weakness may persist particularly since the FIIs were big sellers in the cash market last Friday. It is important to note that banking and financials are outperforming even in this weak market. This trend may persist. The market has already discounted the  NIM compression for banking stocks expected in Q1 results. Therefore, dips in banking stocks will provide opportunities to buy,” he added.

The Indian equity market opened flat with a negative bias on Monday. The BSE Sensex dropped 138 points to 82,269.74 level in opening trade, while the NSE Nifty tumbled 63 points to 25,090 mark.

Extending opening losses, the Sensex dropped as much as 310 points, or 0.38%, to 82,191, and the Nifty50 declined 92 points to 25,057.

Shares of VIP Industries fell as much as 5% in early trade following reports that the promoters are planning to divest their stake in the company, triggering investor concerns over ownership changes.

The promoters of VIP Industries have entered into an agreement to divest 32% of their stake to a new group of investors, which will be followed by a mandatory open offer for an additional 26% stake, in line with regulatory requirements.

The transaction was officially announced on Sunday evening, although details regarding the deal value and open offer price remain undisclosed.

Travel Food Services (TFS) made a subdued debut on the stock markets today, listing at just over a 2% premium to its IPO price.

Shares opened at ₹1,125 on the NSE, with a 2.27% rise over the issue price of ₹1,100. On the BSE, the stock began trading at ₹1,126.20, reflecting a 2.38% premium. Following its listing, the company’s market capitalisation was pegged at ₹14,829.74 crore.

Avenue Supermarts, which runs the DMart retail chain, saw its shares decline today after the company posted a nearly unchanged net profit for the first quarter of FY26.

It was trading at ₹4036.60, marking a 0.68% decrease from its previous closing.

Despite solid revenue growth, mounting competition and squeezed margins dampened its earnings.

D-Mart's consolidated net profit for the Q1FY26 remained almost flat at ₹773 crore compared to ₹774 crore in the year-ago period. However, profit saw only a modest 2.1% increase on a standalone basis, reaching ₹830 crore as operating margins faced pressure during the period. The company's profit margins for the said quarter dipped on both the standalone and consolidated basis.

Shares of Smarten Power Systems made a robust debut on July 14, listing at ₹144 per share on the NSE Emerge platform, marking a 44% premium over its SME IPO price of ₹100.

The listing gains far exceeded the 15% grey market premium (GMP) indicated by Chittorgarh, where the company’s unlisted shares were trading ahead of the listing.

Ola Electric reported a consolidated net loss of ₹428 crore for Q1 FY26, widening from ₹347 crore in the same quarter last year.

Consolidated revenue from operations took a sharp hit, falling nearly 50% year-on-year to ₹828 crore as the electric two-wheeler maker faced stiff competition.

Wipro, Infosys and HCL Tech were the major losers on the Nifty IT list, marking a dip by 1.76%, 1.64% and 1.56% respectively.

Jio Finance, Bajaj Finance and Bajaj Finserv are trading lower than their previous closing, with Jio Finance dipping by 1.86%, bring the share price down to ₹320.45. Muthoot Finance was the only one to see gains above 1%; ICICI Prudential, HDFC Life and Shri Ram Finance see marginal rise.

Markets regulator The Securities and Exchange Board of India (Sebi) on Monday confirmed that the New York-based trading firm Jane Street has deposited ₹4,843.58 crore into an escrow account, as directed under the interim order issued earlier this month. Following the deposit, the firm has requested Sebi to lift trading restrictions imposed on its participation in the Indian equity markets.

Bhavish Aggrawal-led Ola Electric Mobility Limited saw a robust rise in share price, hitting an intraday high of ₹46.27, bringing the market capitalisation to ₹20,488 crore. This rise comes even after the electric 2-wheeler manufacturer posted dampened Q1FY26 results.

Shares of VIP Industries bounced back into positive territory on Monday after an early slump triggered by a block deal. The stock had dropped nearly 6% during intraday trade but recovered to trade 1.54% higher at ₹463 as of 12:24 p.m. In comparison, the Nifty 50 was down 0.42% at the time.

India’s wholesale price inflation (WPI) declined to -0.13% in June 2025, compared to 0.39% in May and 3.43% in the same month last year. The decline was led by deflation in food articles, fuel, and select manufactured goods, according to data released by the Ministry of Commerce and Industry on Monday.

Indian stock markets remained under pressure on Monday, as subdued investor sentiment prevailed amid a lackluster start to the Q1 FY26 earnings season. Globally, lingering uncertainty around trade negotiations further weighed on investor confidence, with participants awaiting clearer cues before making directional bets.

The BSE Sensex was trading down by around 400 points, or 0.5%, at 82,200, while the Nifty50 was marginally up from the 25,000 level, down 110 points, weighed down by IT stocks such as TCS, Infosys, Tech Mahindra, and others.

The public issue of Smartworks Coworking Spaces received decent response from investors, with an overall subscription of 4.55 times as of 2 PM on July 14, 2025, the final day of bidding. The non-institutional investor (NII) segment led the demand, getting subscribed 9.08 times, followed by the qualified institutional buyers (QIBs) category, which saw 4.85 times subscription. The retail Investor portion was subscribed 2.49 times, while the employee quota attracted 1.99 times bids.

The flexible workspace operator aims to raise ₹582 crore through its IPO, comprising a fresh issue of equity shares worth ₹445 crore and an offer for sale (OFS) of up to 33.79 lakh shares valued at ₹137 crore by the promoters. The company has fixed price band at ₹387 to ₹407 per share.

Shares of Vishal Mega Mart rallied 5.1% to hit a fresh all-time high of ₹140.45 on the BSE today, driven by heavy volumes. More than 16 lakh shares changed hands over the counter compared to two-week average of 7.14 stocks.

The sharp uptick in the stock price came amid strong institutional interest. As per BSE’s June 2025 shareholding data, mutual funds held a 25.69% stake, while insurance companies owned 1.34% in the retail chain.

National Stock Exchange (NSE) ranked fourth globally for IPO fundraising in the first half of 2025 (H1CY25), garnering $5.51 billion, accounting for nearly 9% of total global IPO proceeds, S&P Global Market Intelligence said in a note. It trailed only the Nasdaq Global Market ($12.96 billion from 66 IPOs), the New York Stock Exchange ($8.62 billion from 19 IPOs), and the Nasdaq Global Select Market ($7.37 billion from 13 IPOs).

However, the NSE led the global IPO rankings by volume, with 73 companies going public during the period, surpassing the Nasdaq Global Market (66 IPOs) and the Hong Kong Stock Exchange (35 IPOs).

Shares of Yatharth Hospitals rose nearly 2% after hospital chain operator inaugurated its new state-of-the-art hospital in Model Town, New Delhi, today.

The newly launched Yatharth Hospital in Model Town marks a significant expansion in the group’s bed capacity, aimed at strengthening healthcare infrastructure in Delhi, the company said in a release. Strategically built on approximately two acres of land, the facility houses 300 beds, including 70 critical care beds, to cater to patients requiring specialized and intensive treatment, it said.

Indian equity market ended lower on Monday amid mixed global cues after U.S. President Donald Trump imposed 30% tariff on imports from the European Union and Mexico, effective from August 1.

The 30-share Sensex ended 247 points, or 0.3%, lower at 82,253, and the NSE Nifty50 fell 67 points, or 0.27%, to settle at 25,082.

Bucking the trend, the broader markets saw strong buying momentum. The Nifty MidCap 100 added 0.7%, while Nifty SmallCap 100 indices rallied 1%.

Among the Sensex constituents, 20 out of 30 stocks ended in red. Tech Mahindra, Infosys, Bajaj Finance, and HCL Tech were among top five losers, falling up to 1.5%.

On the upside, Eternal (Zomato), Titan, Sun Pharma, Mahindra and Mahindra, and ITC were the top five gainers, rising up to 2.8%.

During the session today, as many as 182 stocks hit their 52-week highs, while 57 slipped to their 52-week lows. Adding to it, 331 stocks were locked in its upper circuit limit, while 239 slipped to their lower circuit limit.

The market breadth was slightly negative, with 2,114 out of 4,340 stocks trading on the BSE declined, while 2,073 advanced, and 153 ended unchanged.

The world's largest cryptocurrency, Bitcoin (BTC), has surged past the $121,000 mark, setting new all-time highs and fueling a renewed wave of optimism across the cryptocurrency landscape. With a 16.51% rally in the past month alone, BTC's market capitalisation has also soared to $2.43 trillion, surpassing equity and non-equity assets like Amazon, Silver, Google, and Meta.

The Indian rupee depreciated following fresh tariff threats from U.S. President Donald Trump. These threats have escalated global trade tensions, leading to increased risk aversion among investors and subsequently weighing down other Asian currencies as well. Traders remain cautious ahead of the inflation data release scheduled for Tuesday, said Dilip Parmar – Senior Research Analyst, HDFC Securities.

“Spot USDINR has support at 85.55 and resistance at 86.27.” Parmar said.