Nifty, Sensex Set for Higher Open After U.S.-Japan Trade Deal

DSIJ Intelligence-2 / 23 Jul 2025/ Categories: Mkt Commentary, Trending

Nifty, Sensex Set for Higher Open After U.S.-Japan Trade Deal

As of 7:20 AM, the GIFT Nifty was trading near 25,163, up 79 points from its previous close, signalling a positive start for Indian benchmarks.

Pre-Market Update at 7:45 AM: On Wednesday, July 23, the Nifty 50 and Sensex are expected to open higher, extending previous gains after a U.S.-Japan trade deal announcement. As of 7:20 AM, the GIFT Nifty was trading near 25,163, up 79 points from its previous close, signalling a positive start for Indian benchmarks.

Asian markets opened on a firm note as U.S. President Donald Trump announced a “massive deal” with Japan, including a 15 per cent tariff on Japanese exports to the U.S. Wall Street closed mixed on Tuesday, with the S&P 500 up 0.06 per cent at 6,309.62 points, the Dow Jones Industrial Average gaining 0.40 per cent at 44,502.44 points, and the Nasdaq declining 0.39 per cent to 20,892.69 points.

Indian markets on Tuesday closed nearly flat. The Nifty 50 slipped 0.12 per cent to 25,060.9, while the BSE Sensex ended marginally lower by 0.02 per cent at 82,186.81. Gains in Eternal following its Quarterly Results were offset by losses in Reliance Industries amid concerns over an India-U.S. trade agreement before the August 1 deadline.

Market focus today will be on Q1 FY26 earnings from Paytm and IRFC, which were declared post-market on Tuesday. Investors are also awaiting results from Infosys, Tata Consumer Products, Dr. Reddy’s Laboratories, Bajaj Housing Finance, SRF, Persistent Systems, Oracle Financial Services Software, Coforge, Syngene International, Aditya Birla Real Estate, Force Motors, Bikaji Foods International, Maharashtra Scooters, PCBL Chemical, Supreme Petrochem and Tata Teleservices (Maharashtra).

Foreign Institutional Investors (FIIs) were net sellers on July 22, offloading equities worth Rs 3,548.92 crore, while Domestic Institutional Investors (DIIs) were net buyers, investing Rs 5,239.77 crore.

In commodities, gold touched a five-week high, holding at USD 3,430.19 per ounce, supported by a weaker dollar and lower U.S. Treasury yields. Brent crude rose 0.54 per cent to USD 68.96 per barrel, while U.S. West Texas Intermediate (WTI) futures fell 1.47 per cent to USD 66.21.

In currency markets, the U.S. dollar remained weak against the yen at 146.61. The euro traded at USD 1.1739, and the British pound was steady at USD 1.35235.

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.