Nifty, Sensex Set for Lower Opening as U.S. Inflation Raises

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Nifty, Sensex Set for Lower Opening as U.S. Inflation Raises

As of 7:20 AM, the GIFT Nifty was quoting around 25,179 — down 86 points — indicating a cautious start for the Indian markets.

Pre-Market Update at 7:45 AM: Indian equity benchmarks Nifty 50 and Sensex are expected to open lower on Wednesday, July 16, following concerns triggered by the latest U.S. inflation figures and mixed global signals. As of 7:20 AM, the GIFT Nifty was quoting around 25,179 — down 86 points — indicating a cautious start for the Indian markets.

Asian equities were under pressure after the U.S. market posted a mixed session overnight. While the Nasdaq closed at a record high supported by strong gains in Nvidia, both the Dow Jones and S&P 500 ended in the red. The U.S. Consumer Price Index rose 0.3 per cent in June, the fastest pace in five months, raising concerns over inflation staying higher for longer and potentially impacting FII sentiment.

Back home, the broader market remains in a consolidation phase, with stock-specific action driven by Q1FY26 results and corporate commentary. Over 50 companies are scheduled to report earnings this week. Key results due today include Tech Mahindra, ITC Hotels, Angel One, IXIGO, LTTS, Kalpataru, JTL Industries, DB Corp, and others.

On the institutional front, FIIs were net buyers on Tuesday, investing Rs 120.47 crore, while DIIs added Rs 1,555.03 crore worth of equities. This helped the domestic market end its losing streak. The Sensex closed 317 points higher at 82,570.91, while the Nifty rose 114 points to 25,195.80. Mid- and Small-Cap indices also posted healthy gains of 0.83 per cent and 0.95 per cent, respectively.

Asian markets reacted to news of a new 19 per cent U.S. tariff on Indonesian exports after President Trump announced a preliminary trade deal.

Meanwhile, oil prices edged higher, supported by demand expectations from the U.S. and China. Brent traded at USD 69, while WTI crude was around USD 66.92. Gold saw a marginal rise on inflation worries, and the U.S. dollar strengthened alongside Treasury yields.

For today, RBL Bank, Glenmark and Hindustan Copper remain on the F&O ban list.

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