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Markets likely to make negative start amid mixed global cues
Jul-09-2025

Indian equity markets are likely to make a negative start on Wednesday influenced by mixed global cues after U.S. President Donald Trump offered no exceptions to his August 1 tariff start date. Trump also announced a 50 percent tariff on copper imports and hinted at a potential 200 percent tariff on pharmaceuticals. Additionally, traders may adopt a cautious stance due to foreign fund outflows by Foreign Institutional Investors (FIIs).

Some of the key factors to be watched:

India in talks with Australia to source rare earth minerals: Australian official said that India is in talks with Australia to source rare earth minerals. The development assumes significance in the wake of rare earth magnet shortage caused by Chinese export restrictions.

PM Modi to visit UK this month: Prime Minister Narendra Modi is likely to travel to the United Kingdom by the end of this month for a visit that could see both sides formally ink the landmark India-UK free trade deal and explore ways to expand bilateral ties in defence and security sphere. 

U.S. President threatens up to 200% tariffs on pharmaceuticals: U.S. President Donald Trump has reportedly hinted up to 200% tariffs on pharmaceuticals imported into the United States. 

Leather and apparel stocks will be in focus: Federation of Indian Export Organisations (FIEO) President SC Ralhan said that sectors like leather and apparel may get competitive advantage from India's competitor countries.

Telecom stocks will be in limelight: Telecom Regulatory Authority of India report said that the total number of internet subscribers increased from 954.40 million at the end of Mar-24 to 969.10 million at the end of Mar-25 with yearly rate of growth of 1.54%.

On the global front: The U.S. markets ended mostly in red on Tuesday, amid lingering uncertainty about President Donald Trump's trade policies. Asian markets are trading mostly in green on Wednesday, as consumer prices in China were down a seasonally adjusted 0.1 percent on month in June. 

Back home, Indian equity benchmarks ended higher on Tuesday helped by late-hour buying in Realty, Banking and Power shares as well as positive trends in the Asian markets. Also, a positive sentiment prevailed among investors amid hopes of favourable outcome of India-US trade deal ahead of Donald Trump tariff deadline. Finally, the BSE Sensex rose 270.01 points or 0.32% to 83,712.51 and the CNX Nifty was up by 61.20 points or 0.24% to 25,522.50. 

Some of the important factors in trade: 

BRICS vital platform for advancing inclusive multilateralism during uncertainties: Finance Minister Nirmala Sitharaman has said BRICS is a vital platform for advancing inclusive multilateralism especially when global institutions are facing a crisis of legitimacy and representation. 

US extends suspension of reciprocal tariffs on India until August 1: Offering relief to Indian exporters and fostering ongoing trade negotiations, the US has extended the suspension of reciprocal tariffs on India until August 1, 2025. This extension allows both nations additional time to resolve outstanding issues and potentially finalize an interim trade deal. 

Cement stocks in watch: Cement stocks were in watch as the rating agency Crisil in its latest report estimated that India’s cement demand growth to recover to 6.5%-7.5% this fiscal (2025-2026), after falling to around 5% last fiscal (2024-2025).

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