Equity Alert
Indices seen in range; mkt awaits US-tariff related news
This story was originally published at 08:25 IST on 30 July 2025
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Equity Alert: Indices seen in range; mkt awaits US-tariff related news
MUMBAI--0810 IST--Benchmark indices are likely to start the session on a muted note Wednesday and move in a thin range after strong gains posted on Tuesday. Investors would continue to assess tariff-related information after US President Donald Trump revealed India may face tariffs as high as 25%, but reiterated that a final decision has not been made yet. Most analysts believe that tariffs in that range have already been priced in, and that the market is unlikely to react negatively to the statement. On Wednesday, the Nifty 50 is likely to move in a range of 24550-25000 points.
On Wednesday, the market looks likely to open on a cautious note. However, some analysts expect further short covering in the market ahead of the monthly expiry of the Nifty 50's derivatives contracts due Thursday, which may lead to some more gains for the market. "Going ahead, it is recommended to adopt a cautious approach and refrain from becoming complacent regarding a single day's momentum...given the current oversold conditions and the impending monthly contractual expiry, an increase in volatility is anticipated, thereby necessitating robust risk management strategies," brokerage Angel One said in a note.
The July contract of the GIFT Nifty also indicates a muted start to the market. At 0749 IST, the contract was flat at 24825 points. Tuesday, the Nifty 50 had ended 0.6% higher at 24821.10 points, up 140.20 points. The BSE Sensex had closed at 81337.95 points, up 446.93 points or 0.6%.
Overnight, indices in the US ended lower as earnings weighed on the market after the likes of UnitedHealth, Boeing, and Merck reported muted results for the quarter. "Earnings have been a bit of a mix. Economic data has been somewhat mixed too, but not enough to move the needle in terms of the Fed," Reuters reported Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder, as saying. Asian indices were mixed in early trade Wednesday. (Akash Mandal)
Equity Alert: Asian mkts mixed; Trump's call on US-China tariff truce awaited
MUMBAI--0805 IST--Asian equity indices were mixed on Wednesday, with South Korea's Kospi leading the gains. Indices in Hong Kong and Singapore were in negative territory in early trade. Investors in the region await a decision by US President Donald Trump on whether the tariff truce with China will be extended as the two-day talks between both the sides in Stockholm ended without a breakthrough.
At 0804 IST, China's CSI 300 was up 0.4%. US and Chinese officials had held trade talks as the deadline of Aug. 12 for the tariff truce approaches. Trump "has final say on all the trade deals" and the pending tariff truce, Treasury Secretary Scott Bessent was quoted as saying in a CNBC report. Hong Kong's Hang Seng was down 0.4%.
Meanwhile in Australia, headline inflation in Apr-Jun slipped to its lowest point since March 2021. Inflation for the quarter declined to 2.1% from 2.4% during year-ago quarter. This was lower than the 2.2% expected in a Reuters poll, and is almost near the lower band of the 2-3% target set by the Reserve Bank of Australia. The country's benchmark index S&P ASX 200 index was up 0.6%.
Among other indices, South Korea's Kospi was up 0.6%. Japan's Nikkei 225 was marginally lower while Topix was 0.3% higher. FTSE Singapore Straits Times was a tad down. The Monetary Authority of Singapore held interest rates steady, citing uncertainty on trade-related concerns around the Trump administration.
Following are the levels of key Asian indices at 0804 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4169.9278 | 0.43 |
|
Hang Seng Index |
25420.22 | -0.41 |
|
Nikkei 225 Day |
40664.56 | -0.02 |
|
TOPIX FIRST SECTION |
2916.51 | 0.27 |
|
KOSPI |
3250.91 | 0.63 |
|
FTSE Singapore Straits Times |
4224.3 | -0.12 |
|
S&P/ASX 200 Index |
8760.7 | 0.64 |
(Gopika Balasubramanium)
Equity Alert: US mkt ends down; FOMC outcome, Microsoft, Amazon results eyed
MUMBAI--0740 IST--US equity indices closed slightly lower Tuesday ahead of policy decision from the Federal Reserve, which is due late Wednesday. Sentiment was also weak due to some disappointing corporate earnings. S&P 500 snapped the six-day streak of ending at record highs.
Traders will also keep an eye on whether the US and China will come to a win-win conclusion with respective tariffs as talks between both in Stockholm ended without major announcement. US President Donald Trump is to take the final call on whether the tariff truce for China will be extended, various media reports said. The trade truce between both the countries will end on Aug. 12.
The S&P 500 index ended at 6370.86, down 18.91 points or 0.3%, and snapped six-day winning streak. The Nasdaq Composite closed at 21098.291, down 80.293 points or 0.4%. Both the indices have closed at record highs in several sessions recently. The Dow Jones Industrial Average closed 0.5% lower.
Among stocks, Boeing ended over 4% lower despite its net loss for the June quarter narrowing. UnitedHealth dropped 7.5?ter its profit guidance disappointed the Wall Street. Merck closed down 1.7?ter it said it was extending its pause on shipments of HPV vaccine Gardasil to China at least till 2025 due to persistent weakness in demand for the drug.
"Earnings have been a bit of a mix. Economic data has been somewhat mixed too, but not enough to move the needle in terms of the Fed," Reuters quoted Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York, as saying. "The next two days, you have Microsoft, Meta, Apple, Amazon - those are big companies, and they will move markets depending on how the earnings are and how the outlooks are."
Following are the closing levels of US indices Wednesday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 44632.99 | (-)0.46 |
| NASDAQ Composite | 21098.29 | (-)0.38 |
| S&P 500 | 6370.86 | (-)0.3 |
(Gopika Balasubramanium)
End
US$1 = INR 86.81
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Akul Nishant Akhoury
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