Finance Desk – The Indian stock market is expected to open on a positive note on Thursday (July 10), despite global uncertainties caused by new tariff announcements from former US President Donald Trump.
Here are 8 key things that changed for the market overnight:
Sensex and Nifty May Open Higher
After closing lower on Wednesday, both Sensex and Nifty 50 are likely to see a positive start today.
Gift Nifty was trading around 25,568, up 38 points from the previous Nifty futures close — a positive sign for early trade.
Wednesday Recap: Market Closed Lower
Sensex dropped 176 points to end at 83,536.08
Nifty 50 fell 46 points to close at 25,476.10
The market was volatile, and losses in heavy-weight stocks pulled the indices down during the final hours.
TCS Results & Weekly Expiry in Focus
Attention now shifts to IT giant TCS, which will announce its quarterly earnings today.
Weekly expiry of futures and options could bring volatility to the market.
Trump’s Tariff Moves
Trump announced a 50% tariff on imports from Brazil, starting August 1.
Other countries like the Philippines, Sri Lanka, Iraq, Brunei, and Libya also received tariff notifications with varying rates.
Fed Meeting Minutes Released
The US Federal Reserve is taking a cautious approach to interest rate cuts.
Concerns over tariff-driven inflation remain, but some officials see weakening labor markets.
The Fed has kept its key interest rate unchanged at 4.25%-4.5%.
Mixed Asian Market Cues
Japan’s Nikkei: Down 0.45%
South Korea’s Kospi: Up 0.24%
Wall Street Closes Higher
Nasdaq led the rally after Nvidia briefly hit $4 trillion market cap
Dow Jones gained 217 points
S&P 500 rose 0.61%
Nasdaq jumped 0.95%
Australia’s ASX 200: Up 0.51%
Commodities & Currency Market
Gold edged up 0.3%, now at $3,310.26/oz
Oil prices fell due to global slowdown worries
Brent at $69.97/barrel
WTI crude at $68.11/barrel
US dollar weakened after strong demand for Treasury notes and limited reaction to tariff news (except in Brazil, where the real dropped 2.8%)
