Sensex Nifty Stock Market: Indian stock market witnessed a decline today on the first day of the week. India’s key equity benchmark indices Nifty 50 and BSE Sensex opened in the red on Monday due to global uncertainty over US President Donald Trump’s tariff policies. Today, Nifty 50 started trading above 25,400, while Sensex went below 83,400.
As of 9:17 am, Nifty 50 was trading 25 points or 0.096% lower at 25,436.45. During the same period, BSE Sensex was down about 85 points or 0.10% at 83,348.17.
Consolidation will continue in the market
Experts believe that the market will continue to be in a phase of consolidation until there is clarity on trade deals. As the Q1FY26 results season begins this week, many stocks may see movement based on the quarterly performance of companies.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said,
“Concerns about the impact of the US-India trade deal and the Jane Street case after the SEBI report will be clearly visible in the market today. There is speculation of an interim trade agreement between the US and India before the July 9 tariff deadline. If this happens, it will be a positive sign for the market. The market will also keep an eye on regulatory action on Jane Street and its impact. Derivative trading volumes are likely to decline, which may impact the stock exchanges and shares of some brokerage companies.”
He further said that these short-term problems will not affect the market in the long run. “Long-term investors can take advantage of these declines to buy good quality large-cap stocks. There are not many expectations from Q1 results, so keep an eye on companies that will perform better.”
Global cues: US and Asian market
The US stock market fell on Friday. After the passage of Trump’s tax cut law, the market is now eyeing the July 9 international trade deal deadline. Asian markets also saw limited movement on Monday as investors keep an eye on the progress of the trade deal with the US.
Gold and crude oil situation
Gold prices fell on Monday. The shine of safe investment asset gold faded after Trump hinted at increasing tariff relief for several countries. On the other hand, oil prices fell more than 1% as OPEC+ increased production more than expected, which is expected to increase supply.
Foreign investor activities
Foreign portfolio investors (FPIs) sold shares worth Rs 760 crore on Thursday. At the same time, domestic institutional investors (DIIs) were also net sellers and sold shares worth Rs 1029 crore. Apart from this, the net short position of FIIs in the futures market increased to Rs 65,800 crore from Rs 61,807 crore on Friday.
(Disclaimer: Experts’ views on the stock market and other asset classes are their personal. These views do not reflect the views of Episode Update.)
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