Market Commentary - Pre-Session
29-Jul-2025 08:31
Nifty could open slightly in the green; Investors await outcome of U.S.-China trade talks
GIFT Nifty:
GIFT Nifty August 2025 futures were trading 12 points (or 0.05%) higher in early trade, suggesting a flat to mildly positive opening for the Nifty 50 today.
Institutional Flows:
Foreign portfolio investors (FPIs) sold shares worth Rs 6,082.47 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 6,764.55 crore in the Indian equity market on 28 July 2025, provisional data showed.
According to public data, FPIs have sold shares worth Rs 36,591.13 crore in the cash market during July 2025. This follows their cash purchase of shares worth Rs 7,488.98 crore in June 2024.
Global Markets:
Markets in Asia traded in the red as investors awaited the outcome of the ongoing U.S.-China trade talks.
Investors also await the result of the U.S. Federal Reserve meeting due Wednesday stateside, where it will make a decision on whether to cut interest rates.
On Monday, President Donald Trump announced that a global blanket tariff would likely fall between 15% to 20%. This would affect imports from countries that have not yet negotiated separate trade agreements with the United Statements.
Trump had previously announced that baseline tariffs would be just 10%. The president's tariffs are expected to go into place on August 1.
On Wall Street, the S&P 500 closed near the flatline on Monday, with the latest trade deal between the U.S. and EU failing to spark a fresh rally.
The broad market index inched up 0.02% to close at 6,389.77, while the Nasdaq Composite gained 0.33% to 21,178.58. The Dow Jones Industrial Average slipped 64.36 points, or 0.14%, to finish the session at 44,837.56.
Domestic Market:
Key equity benchmarks ended sharply lower on Monday, marking their third straight day of losses as investor sentiment remained fragile amid uncertainty over the US-India trade deal.
The downbeat mood was compounded by weaker-than-expected quarterly results from Kotak Mahindra Bank, persistent foreign fund outflows, and mixed cues from global markets. Adding to the pressure, IT stocks continued to drag, with TCS spooking the Street by hinting a 2% cut in its global workforce.
The Nifty closed below the 24,700 mark, underscoring the market's cautious tone. Realty and private bank stocks bore the brunt of the sell-off, while pharma, healthcare, and FMCG names defied the broader trend and closed in positive territory.
The S&P BSE Sensex slipped 572.07 points or 0.70% to 80,891.02. The Nifty 50 index declined 156.10 points or 0.63% to 24,680.90. In three consecutive trading sessions, the Sensex declined 2.21% while the Nifty fell 2.13%.
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