Tracking gains in worldwide markets, Indian standard indices Sensex and Nifty opened marginally higher on Friday, even as uncertainty towered above U.S.
President Donald Trumps upcoming trade offer deadline next week.At the very same time, market sentiment might stay volatile as financiers react to SEBIs choice to bar U.S.-based trading firm Jane Street from the Indian securities market over supposed manipulation.At 9:19 am, the BSE Sensex was up 53 points, or 0.06%, at 83,291, while the Nifty50 got 10 points, or 0.04%, to trade at 25,415.
From the Sensex pack, Bajaj Finance, BEL, Bajaj Finserv, HUL, and HDFC Bank opened higher, rising to 2.2%, while Trent, Tech Mahindra, Tata Steel, and M&M saw declines.Bajaj Finance led the gains after reporting a 25% YoY increase in AUM to Rs 4.41 lakh crore in Q1FY26.
New loan reservations increased 23% to 13.49 million, and deposits grew 15% to Rs 72,100 crore.Live EventsTwelve of the 13 significant sectoral indices opened in the green, though gains were minimal.
Wider markets, including small- and mid-cap indices, traded flat.Meanwhile, SEBI released an interim order versus U.S.-based Jane Street over supposed control in equity derivatives.SEBIs action comes as a number of worldwide trading companies, consisting of Citadel Securities, IMC Trading, Millennium, and Optiver, increase their presence in Indias fast-growing derivatives market.Meanwhile, investors are closely looking for a prospective trade offer between India and the U.S.
ahead of President Donald Trumps July 9 due date for enforcing mutual tariffs.Experts View There are no triggers to break the 25,200-25,800 Nifty range instantly.
Even while trading within this range the market is durable.
This resilience is supported externally by the strength of the mother market US where S&P 500 and Nasdaq are at record highs and locally by the strong and sustained circulations into the marketplace, which has made DIIs continual purchasers in the market, said Dr.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments.
The cap to the upside of the variety is put by the warm incomes growth and expectations of modest earnings growth in FY26.
Investors should look for possible modifications in the revenues development trajectory, the indications of which will be readily available in the Q1 results, which will begin coming quickly, Vijayakumar added.Devarsh Vakil, Head of Prime Research, HDFC Securities, stated, The Nifty has actually remained in a correction phase over the last 4 trading sessions.
Previous swing highs of 25,317 and 25,222 could act as assistance in the Nifty.
On the higher side, a level of 25600 might provide resistance to the index.
Global MarketsMost Asian equity markets struggled on Friday, regardless of record highs for Wall Street overnight, as U.S.
President Donald Trumps deadline for trade deals loomed next week.Japans Nikkei rose 0.3% as of 0152 GMT after flipping in between gains and losses in early trading.Hong Kongs Hang Seng slumped 0.7%, while Chinas Shanghai Composite rose 0.4%.
Taiwans equity benchmark shed early gains to decline 0.2%.
U.S.
S&P 500 futures edged down 0.2%, following a 0.8% over night advance for the money index to a fresh all-time closing peak.
Wall Street is closed Friday for Independence Day.FII/ DII TrackerForeign Institutional Investors (FIIs) extended their selling streak for the 4th consecutive day, offloading equities worth Rs 1,481 crore on July 3.
In contrast, Domestic Institutional Investors (DIIs) continued their purchasing activity, purchasing equities worth Rs 1,333 crore on the exact same day.Crude OilOil costs were little bit changed on Friday as a strong task market boosted the case for the U.S.
Federal Reserve keeping rates of interest on hold, with financiers also waiting for clarity on President Donald Trumps prepare for tariffs on numerous countries.Brent crude futures increased 1 cent, or 0.01%, to $68.81 a barrel by 0036 GMT, while U.S.
West Texas Intermediate crude firmed 3 cents, or 0.04%, to $67.03.
Trade was thinned by the U.S.
Independence Day holiday.Rupee vs DollarThe Indian rupee increased 19 paise to 85.36 versus the United States dollar in early trade.
The dollar index, which tracks the motion of the greenback versus a basket of 6 major world currencies, declined 0.21% to 96.97 level.(With inputs from agencies)