Nifty and Sensex to Open Higher; US-EU Trade Talks in Focus

DSIJ Intelligence-2 / 24 Jul 2025/ Categories: Mkt Commentary, Trending

Nifty and Sensex to Open Higher; US-EU Trade Talks in Focus

On Thursday, July 24, the GIFT Nifty indicated a positive start for Indian markets, trading near the 25,290 mark, up 41 points from its previous close as of 7:20 AM.

Pre-Market Update at 7:45 AM: On Thursday, July 24, the GIFT Nifty indicated a positive start for Indian markets, trading near the 25,290 mark, up 41 points from its previous close as of 7:20 AM. Optimism over an upcoming US-European Union trade agreement and gains across Asian markets lifted sentiment for benchmark indices Nifty 50 and Sensex.

US equity markets ended higher on Wednesday, with the S&P 500 and Nasdaq posting record closes. Investor confidence improved after signals of progress in US-EU trade discussions following the earlier US-Japan pact under President Donald Trump. The S&P 500 gained 0.78 per cent to 6,358.91, the Nasdaq advanced 0.61 per cent to 21,020.02, and the Dow Jones Industrial Average climbed 1.14 per cent to 45,010.29, nearing its December peak.

Back home, Indian indices closed higher on Wednesday, with Nifty 50 up 0.63 per cent at 25,219.9 and Sensex gaining 0.66 per cent to 82,726.64. Optimism from global markets and expectations of future trade deals supported buying across Large-Cap and Mid-Cap stocks.

Market focus will remain on Q1FY26 Quarterly Results. Infosys’ earnings released post-market on Wednesday will be closely tracked. A total of 18 companies, including Bajaj Finance, Nestle India, SBI Life Insurance, CG Power and Industrial Solutions, REC, Adani Energy Solutions, Canara Bank, Indian Bank, Coromandel International, Motilal Oswal Financial Services, Supreme Industries, Hexaware Technologies, Mphasis, Phoenix Mills, APL Apollo Tubes, ACC and Aditya Birla Sun Life AMC, will announce results today.

Foreign Institutional Investors (FIIs) were net sellers on July 23, offloading equities worth Rs 4,209.11 crore, while Domestic Institutional Investors (DIIs) were net buyers with purchases totalling Rs 4,358.52 crore.

Gold prices held steady, with spot gold at USD 3,389.77 per ounce, up 0.1 per cent, as safe-haven demand eased on improved trade sentiment. Crude oil stayed firm, supported by trade progress and low inventories, with Brent at USD 68.72 per barrel and WTI at USD 65.48.

For today, Bandhan Bank, IEX and RBL Bank remain on the F&O ban list.

Disclaimer: The article is for informational purposes only and not investment advice.