Nifty 50 and Sensex Likely to Open Higher as Wall Street Hits Record Highs
DSIJ Intelligence-2Categories: Mkt Commentary, Trending
As of 7:10 AM, the GIFT Nifty traded near 25,182, up 92 points from its previous close, indicating a possible gap-up opening for the Nifty 50 and Sensex.
Pre-Market Update at 7:45 AM: Indian equity benchmarks are set to begin Tuesday, July 22, 2025, on a positive note, following Wall Street’s overnight rally that pushed the S&P 500 and Nasdaq Composite to record highs. As of 7:10 AM, the GIFT Nifty traded near 25,182, up 92 points from its previous close, indicating a possible gap-up opening for the Nifty 50 and Sensex.
Asian markets also advanced on Tuesday, mirroring the U.S. market performance as investors evaluated strong Quarterly Results while tracking ongoing trade and tariff developments. Market attention remains focused on the Q1 FY26 earnings of Indian Railway Finance Corporation, Dixon Technologies, JSW Infrastructure, Colgate Palmolive (India), One 97 Communications, and United Breweries, scheduled for release later today. Additionally, investors are expected to react to Eternal’s Q1 earnings announced post-market on Monday.
On Monday, July 21, the Sensex and Nifty 50 snapped a two-day losing streak, supported by strong buying in banking heavyweights such as HDFC Bank and ICICI Bank. The Sensex gained 443 points, or 0.54 per cent, to close at 82,200.34, while the Nifty 50 added 122 points, or 0.49 per cent, settling at 25,090.70. Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth Rs 374.74 crore, whereas Domestic Institutional Investors (DIIs) bought equities worth Rs 1,681.23 crore.
Internationally, the Dow Jones Industrial Average declined 18.66 points, or 0.04 per cent, to 44,323.53, but the S&P 500 climbed 8.89 points, or 0.14 per cent, to close at 6,305.68. The Nasdaq Composite advanced 78.52 points, or 0.38 per cent, to finish at 20,974.18. Gains were driven by tech giants, including Alphabet, amid optimism for upcoming earnings and expectations of favourable trade agreements.
Domestically, India’s eight core infrastructure industries posted a 1.7 per cent growth in June 2025, slightly above May’s 1.2 per cent but significantly lower than the 5 per cent recorded in the same month last year. Meanwhile, discussions continue on a proposed India-U.S. bilateral trade agreement, with a delegation of U.S. trade officials expected to visit India in August.
In commodities, crude oil prices eased due to concerns that prolonged U.S.-EU trade tensions may weigh on fuel demand. The U.S. dollar held steady within a narrow range ahead of the August 1 tariff negotiation deadline. Gold prices reached their highest levels since June 17, with spot gold steady at USD 3,390.73 per ounce and U.S. gold futures unchanged at USD 3,404.20, supported by a weaker dollar and falling Treasury yields.
For today, Bandhan Bank and RBL Bank remain on the F&O ban list.
Disclaimer: The article is for informational purposes only and not investment advice.