Opening bell: Sensex, Nifty to open in red; Sun Pharma, Adani Enterprises, IEX, Bajaj Finserv, Cipla, BoB, Paras Defence shares in focus

Indian share markets are likely to open lower on Friday, mirroring weak trends in Asian markets as caution prevailed ahead of U.S. President Donald Trump’s upcoming tariff deadline next week. Sectoral stocks across textiles, leather, pharmaceuticals, and automobiles are expected to be in focus today following the landmark free trade agreement (FTA) signed between India and the U.K.

At 8:20 AM, GIFT Nifty futures were trading 109 points lower at 24,979, indicating a sharp gap down opening for the Sensex and Nifty.

On Thursday, Indian equity benchmarks closed significantly lower, erasing Wednesday’s gains, as mixed corporate earnings overshadowed the optimism around the proposed India-U.K. free trade agreement. Adding to it, weakness in index heavyweights such as Reliance Industries (RIL), Trent, Bajaj FinServ, and IT major such as Infosys, Tech Mahindra, HCLTech weighed heavily on investor sentiment. The BSE Sensex settled at 82,184.17, down 542.47 points or 0.66%, while the NSE Nifty50 ended at 25,062.10, slipping 157.80 points or 0.63%. The broader markets also witnessed selling pressure, with the Nifty MidCap 100 and the Nifty SmallCap 100 declined by 0.58% and 1.09%, respectively.

Wall Street ends mixed; S&P 500, Nasdaq hit record high on Google earnings

U.S. stocks ended mixed on Thursday, as strong earnings from Google parent Alphabet and optimism around future trade deals pushed the S&P 500 to its fourth consecutive record close. The S&P 500 ended 0.1% higher, while the tech-heavy Nasdaq Composite also finished at a new closing high by rising 0.2%. In contrast, the Dow Jones Industrial Average fell 0.6%, weighed down by a post-earnings decline in IBM shares.

Asian stocks slide amid profit booking

Equity markets across the Asia-Pacific region were mostly trading lower on Friday, as investors locked in profits ahead of a pivotal week marked by U.S. President Donald Trump’s tariff deadline and multiple central bank meetings.

Ending a two-day winning streak driven by the U.S.-Japan trade deal, Japan’s Nikkei 225 index slipped 0.5%. Hong Kong’s Hang Seng led losses in the Asian markets, falling over 0.8%, while China’s Shanghai Composite, Singapore’s Straits Times, and Taiwan’s Weighted Index declined by up to 0.3%. Australia’s ASX 200 was also down 0.5% in the final hour of trading.

In contrast, South Korea’s Kospi and Indonesia’s Jakarta Composite were trading slightly higher.

Stocks to watch

Q1 results today: Bajaj Finserv , Cipla , Bank of Baroda , Paras Defence and Space Technologies, Petronet LNG, Tata Chemicals, SBI Cards and Payment Services, Shriram Finance, Aadhar Housing Finance, ACME Solar Holdings, Gujarat Mineral Development Corporation, Laurus Labs, Poonawalla Fincorp, Steel Authority of India, Sobha, and will release their June quart earnings reports on July 25.

Sun Pharmaceutical Industries : The drug maker has reached a $200 million settlement in a U.S.-based antitrust lawsuit concerning generic drug pricing.

Enviro Infra Engineers: The company has bagged a ₹221.3 crore contract from the Bangalore Water Supply and Sewerage Board.

GR Infraprojects: The company has been declared the lowest bidder (L-1) for a road construction project worth ₹290.23 crore in Jharkhand.

Adani Enterprises : The Adani group flagship is selling a 50% stake in its subsidiary, Kutch Copper Tubes, to MetTube Mauritius. Concurrently, it will acquire a 50% interest in MetTube Copper India, a wholly owned arm of MetTube, to strengthen its presence in the HVAC industry and reduce India’s dependence on imported copper tubes.

Indian Energy Exchange (IEX): IEX recorded a 25.2% year-on-year (YoY) rise in consolidated net profit to ₹120.7 crore from ₹96.4 crore, while revenue increased by 14.7% to ₹141.8 crore from ₹123.6 crore.

KFin Technologies: The company posted a 13.5% YoY rise in consolidated profit to ₹77.3 crore from ₹68.1 crore, while revenue grew 15.4% to ₹274 crore compared to ₹237.6 crore in the year-ago quarter.

eClerx Services: The company’s consolidated net profit grew 26.4% YoY to ₹141.6 crore from ₹112 crore. Revenue also saw a healthy growth of 19.5%, reaching ₹934.6 crore compared to ₹781.9 crore in the same quarter last year.

Karur Vysya Bank: The lender’s net profit rose 14% to ₹521 crore from ₹459 crore in the same quarter last year, while the net interest income increased 5% to ₹1,080 crore from ₹1,027 crore.

Suryoday Small Finance Bank: The small finance bank’s net profit plunged 50% to ₹35 crore from ₹70 crore. Net interest income fell 15.7% to ₹247 crore from ₹293 crore.

Cyient : The company reported a 6.9% year-on-year growth in consolidated profit to ₹153.8 crore from ₹143.9 crore. Revenue edged up 2.2% to ₹1,711.8 crore from ₹1,675.7 crore.

REC : The company posted a robust 29% growth in consolidated net profit, which climbed to ₹4,465.7 crore from ₹3,460.2 crore.

UTI Asset Management Company : UTI AMC saw its net profit decline 6.8% year-on-year to ₹236.9 crore from ₹254.2 crore. However, revenue rose 3.3% to ₹546.9 crore from ₹529.2 crore.

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