Nifty 50 began the session at 25,450.45, slipping 10.55 points or 0.04% from its previous close of 25,461. Bank Nifty opened lower at 56,938.70, down by 93.20 points or 0.16% from the last close of 57,031.90. Sensex started the day at 83,398.08, declining 34.81 points or 0.04% from its previous close of 83,432.89.
Global index as on 7 July 2025
- DOW 30 surged by 344.11 points to close at 44,828.50, gaining 0.77%.
- S&P 500 advanced by 51.93 points to end at 6,279.35, up 0.83%.
- NASDAQ rallied 207.97 points to settle at 20,601.10, rising 1.02%.
- FTSE 100 remained flat with a marginal dip of 0.29 points, closing at 8,822.91.
- DAX declined by 146.68 points to finish at 23,787.40, losing 0.61%.
- NIKKEI 225 edged up by 24.98 points to close at 39,810.90, up 0.06%.
Commodities Update
- Gold: Currently trading at ₹9,882 per gram.
- Silver: Up by ₹0.10, now at ₹109.90 per gram.
- Crude Oil: Prices have fallen down by 0.84%, reaching 67.335, compared to the previous close of 67.905.
Global events/updates
India-U.S. Trade Deal Nears Finalization
India and the U.S. are set to finalize a mini trade deal within 24–48 hours. Negotiations are complete, with India proposing a fair deal to boost its labour-intensive sectors. The early harvest agreement may include annual quotas for lower tariffs on select Indian exports. In return, the U.S. could get reduced tariffs on items like pecan nuts and blueberries. India has refused concessions on wheat, rice, maize, dairy, and GM crops. Its stance on automobile tariffs remains aligned with existing FTA policies.
Trump Highlights Global Diplomatic Moves
U.S. President Donald Trump stated that he had a great experience at the NATO summit and termed the recent operation in Iran as flawless. He hinted at a possible Gaza deal next week and plans to meet Israeli PM Netanyahu regarding Iran. Trump also mentioned upcoming talks with China on TikTok, claiming a deal is nearly finalized. Additionally, he discussed sanctions with Russian President Putin, who expressed concern over their impact.
Trump Celebrates Tax Victory, Hints at Major Trade Moves
U.S. President Donald Trump called the signing of the Tax Cut and Spending Bill his “biggest victory yet,” reinforcing his commitment to “promises made, promises kept.” He expressed confidence in strong economic growth, saying the country is set to become a “rocket ship economically.”
On trade, Trump revealed he has signed 12 letters set to go out on Monday, each involving varying tariffs and financial terms. However, he did not disclose which countries these letters are addressed to.
Stocks to watch
- Senco Gold: Retail revenue grew 24% year-on-year, with same-store sales growth at 19%. The company added nine new showrooms in the first quarter of financial year 2026, expanding its total jewellery store count to 179.
- Jubilant Foodworks: Consolidated revenue from operations increased 17% year-on-year to Rs 2,261 crore, while standalone revenue rose 18.2% to Rs 1,702 crore. Domino’s India reported 11.6% like-for-like growth. Domino’s Turkey, however, posted a 2.2% decline in LFL growth. The JFL Group added 73 new stores during the quarter, taking the total store count to 3,389.
- Vishal Mega Mart: A fire broke out on July 4, at a New Delhi retail outlet, resulting in two fatalities. The incident is under investigation by Delhi Police. The company stated that affected assets are insured and assessment of the damage is ongoing.
- Hazoor Multi Projects: Received Rs 913 crore order for a 200 MW solar PV power project in Gujarat.
- Texmaco Rail: Received Rs 36.3 crore order for 2 rakes with an option for 8 additional rakes from Transport Corporation of India.
- Mahindra Lifespace: Launched a new residential tower at Mahindra Citadel in Pune with a gross development value of Rs 2,500 crore.
- RVNL: Received letter of acceptance worth Rs 143 crore from Southern Railway for upgradation work.
- BEML: Secured two export orders worth $6.23 million.
- CG Power: Approved allotment of 4.5 crore shares worth Rs 3,000 crore to QIBs at Rs 660/share, a 2.8% discount to the floor price.
- Garware Technical Fibres: Acquired 9 lakh shares in UK arm for GBP 9.3 million.
- Shakti Pumps: To allot 31.9 lakh shares to QIBs at Rs 918/share, raising Rs 293 crore.
- Borosil: Glassware revenue up 27.2% to Rs 252 crore; Non-glassware up 17.2% to Rs 453 crore. Opalware (Larah) led with Rs 384 crore revenue. Working capital increased due to higher inventory in the appliances and Hydra categories.
Written by Manideep Appana
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