Nifty, Sensx Set for Weak Start; Focus on Key Q1 Earnings Today, IIP Growth Falls to 10-Month Low

DSIJ Intelligence-2 / 29 Jul 2025/ Categories: Mkt Commentary, Trending

Nifty, Sensx Set for Weak Start; Focus on Key Q1 Earnings Today, IIP Growth Falls to 10-Month Low

On Tuesday, July 29, 2025, GIFT Nifty indicated a negative start for the benchmark Nifty, trading near 24,666, down 38 points as of 7:20 AM.

Pre-Market Update at 7:45 AM: On Tuesday, July 29, 2025, GIFT Nifty indicated a negative start for the benchmark Nifty, trading near 24,666, down 38 points as of 7:20 AM. Mixed cues from global markets and caution ahead of the US Federal Reserve policy meeting are expected to keep sentiment muted.

Asian markets traded lower, while US indices ended mixed on Monday. The S&P 500 closed at 6,389.77, marking its sixth consecutive record close with a marginal 0.02 per cent gain. The Nasdaq Composite advanced 0.33 per cent to 21,178.58, whereas the Dow Jones Industrial Average slipped 0.14 per cent to 44,837.56.

Back home, the Indian market closed weaker on Monday as persistent selling by foreign portfolio investors and uncertainty surrounding India-US trade discussions weighed on sentiment. The Sensex declined by 572.07 points (0.70 per cent) to settle at 80,891.02, while the Nifty 50 lost 156.10 points (0.63 per cent) to close at 24,680.90. FIIs were net sellers for the sixth straight session, offloading equities worth Rs 6,082.47 crore, while DIIs remained net buyers, purchasing shares worth Rs 6,764.55 crore. DIIs have been net buyers for 16 consecutive sessions.

Market participants are likely to focus on Q1FY26 results of Mazagon Dock, IndusInd Bank, and Waaree Energies, announced post-market on Monday. Major companies scheduled to announce their Quarterly Results today include Larsen & Toubro, NTPC, Asian Paints, Varun Beverages, GMR Airports, GE Vernova TD India, Bank of India, Apar Industries, and Piramal Enterprises.

India’s Index of Industrial Production (IIP) growth slipped to a 10-month low of 1.5 per cent in June 2025, down from 4.9 per cent a year earlier, dragged by weak mining and power sector output. May 2025’s growth was revised upward to 1.9 per cent from the provisional 1.2 per cent.

In commodities, gold prices retreated as a stronger USD and reduced tariff concerns weighed on demand, with spot gold trading at USD 3,308.39 per ounce. Brent crude rose 0.09 per cent to USD 70.10 a barrel, and US WTI crude gained 0.06 per cent to USD 66.75.

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

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