INSUBCONTINENT EXCLUSIVE:
Indian benchmark indices traded in a range-bound manner, with the Nifty ending the week 0.7% lower
A host of important domestic and global events lined up for the coming week are likely to impact stock markets when trading resumes on
Geojit Financial Services, attributed the profit booking to the sharp rally seen in recent sessions
He said mixed global cues and the impending U.S
tariff deadline have prompted investors to adopt a wait-and-watch approach
According to him, the broader economy stands to benefit from favorable conditions such as easing inflation and declining interest rates,
though a positive outcome from the U.S.-India trade negotiations will be a key factor in lifting market sentiment.He also highlighted that
foreign institutional investors (FIIs) have turned cautious amid elevated market valuations and mixed global cues, even as domestic
institutional investors (DIIs) continue to provide support, helping stabilize sentiment.Factors that are likely to impact movement when
markets reopen this week:
Live Events1) Trump tariffsInvestors in trade-sensitive sectors such as IT, pharma, and auto will closely track
developments as the deadline for the pause on Trump-era tariffs ends on Wednesday, July 9
President Donald Trump has already stated that he is not considering an extension.2) OPEC+ agrees to oil production hikeOPEC+ on Saturday
agreed to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices
The cartel, which produces about half of the world's oil, has reversed its earlier stance this year by agreeing to increase output and
expand its market share.The additional production is expected to prevent any sharp spike in oil prices
The trajectory of crude prices remains critical to the global inflation outlook.U.S
WTI crude contracts settled at $66.50, down $0.50 or 0.75%, while Brent futures were hovering near $68.30, up $0.29 or 0.42%.3) US
marketsIndian markets will also take cues from Wall Street, which ended with sharp gains on Friday, buoyed by better-than-expected jobs data
The Dow Jones Industrial Average closed at 44,828.50, up 344.11 points or 0.77%, while the S&P 500 finished at a fresh record high, rising
51.93 points or 0.83% to 6,279.35
The Nasdaq Composite also closed at a new peak of 20,601.10, gaining 207.97 points or 1.02%.4) Q1FY26 earningsThe earnings season kicks off
IT bellwether Tata Consultancy Services (TCS), Avenue Supermarts (DMart), Anand Rathi Wealth, and Tata Elxsi are among the key names the
Street will be watching closely.5) IPO watchAnother action-packed week lies ahead, with the mainboard IPO of Travel Food Services set to
Industries, and Asston Pharmaceuticals will open for subscription
Meanwhile, the IPO of Happy Square Outsourcing Services will close on Monday.Among the listings, Crizac will debut in the mainboard segment,
while Vandan Foods, Cedaar Textile, Pushpa Jewellers, and Silky Overseas will make their market debut in the SME segment.6) Corporate
actionA number of corporate actions are scheduled this week, with record dates for dividends, rights issues, and bonus shares set across the
Nearly three dozen companies will be in focus, including Nifty constituents like Titan, JSW Steel, and Sun Pharmaceuticals.Other widely
tracked stocks that will see action include JK Cement, Ingersoll-Rand (India), Mphasis, Pfizer, Apollo Tyres, Balkrishna Industries, Can Fin
Homes, and IDFC First Bank.7) FII/DII ActionMarket action will largely hinge on the behavior of foreign institutional investors (FIIs)
On Friday, FIIs offloaded shares worth Rs 760.11 crore, while domestic institutional investors (DIIs) were also net sellers to the tune of
Rs 1,028.84 crore.After being net buyers in April, May, and June, FIIs have turned net sellers in July so far, pulling out Rs 1,421 crore
from Indian equities.8) Technical FactorsCommenting on Nifty's technical setup, Rupak De, Senior Technical Analyst at LKP Securities, said
the daily chart of the 50-stock index shows the formation of a hammer pattern, which is typically seen as a bullish reversal signal
He identified key support at 25,300."As long as the index remains above this level, bullish sentiment is expected to persist, with the
potential for a swift rebound
Immediate resistance is placed at 25,500, and a breakout above this level could further strengthen the upward momentum," De said.9) Rupee vs
DollarThe Indian rupee witnessed muted price action on Friday, ending the week little changed as traders awaited developments in U.S.-India
A positive outcome could potentially help the local currency break past a key resistance level
The rupee closed at 85.3925, down about 0.1% both for the day and the week.The currency had touched a one-month peak of 85.25 in the
previous session but pared gains on Friday after traders reduced bets on U.S
Federal Reserve rate cuts, following stronger-than-expected labor market data.Routine dollar demand from importers also weighed on the rupee
favorable trade deal with the U.S
may help it clear that hurdle, the trader added.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their
These do not represent the views of TheIndianSubcontinent)
