On Friday, the Nifty rose 55.70 points, or 0.22%, to close at 25,461.
Commenting on the week’s action, Vinod Nair, Head of Research at 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:
1) Trump tariffs
Investors 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. U.S. President Donald Trump has already stated that he is not considering an extension.
2) OPEC+ agrees to oil production hike
OPEC+ 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 surged—and then retreated—following Israeli and U.S. attacks on Iran. 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 markets
Indian 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 earnings
The earnings season kicks off this week with 42 BSE-listed companies set to announce their April–June quarter results. 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 watch
Another action-packed week lies ahead, with the mainboard IPO of Travel Food…
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