Investors will now focus on key domestic macro data, including CPI and WPI inflation prints, while tracking ongoing Q1 earnings and updates on the India–US trade deal.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 20 points, or 0.08 per cent, at 25,171.50, signaling that Dalal Street was headed for muted start on Monday.
- Tech View: A move above 25,150-25,160 in the initial trading hour could trigger a rally towards 25,250 and 25,400. On the downside, support is placed at 25,090 and 24,900.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 1.2% to settle at 11.82 levels.
US stocks close lower
Wall Street closed lower on Friday, dragged down by Meta Platforms, as renewed trade tensions added to investor concerns. Market sentiment took a hit after former President Donald Trump escalated his tariff offensive against Canada, announcing a 35% tariff on Canadian imports starting next month.
Asian stocks down
Losses in Wall Street futures dragged Asian stocks lower on Monday as the latest round of threats in the U.S. tariff wars kept investors on edge, though the fallout was limited by hopes this was mainly bluster by President Donald Trump.
- S&P 500 futures fell 0.4% as of 9:17 a.m. Tokyo time
- Japan’s Topix fell 0.2%
- Australia’s S&P/ASX 200 was little changed
- Euro Stoxx 50 futures fell 1.2%
Gold gains
Gold prices touched a three-week high on Monday, supported by safe-haven demand after U.S. President Donald Trump threatened to impose a 30% tariff on imports from the European Union and Mexico.
Euro eases
The euro fell to a three-week low on Monday while the Mexican peso also came under pressure after President Donald Trump threatened to impose a 30% tariff on imports from two of the largest U.S. trading partners beginning August 1.
Oil rises
Oil prices nudged higher on Monday, adding to gains of more than 2% from Friday, as investors eyed further U.S. sanctions on Russia that may affect global supplies, but a ramp-up in Saudi output and ongoing tariff uncertainty limited gains.
Stocks in F&O ban today
RBL Bank
Hindustan Copper
Glenmark
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
Rupee
The rupee depreciated 10 paise to close at 85.80 against US dollar on Friday, on weak domestic markets and risk-off sentiments amid trade tariff uncertainty.
