Nifty, Sensex to Open Cautious; L&T Q1 Results, US Tariff Threat on Indian Exports in Focus

Pre-Market Update at 7:45 AM: On Wednesday, July 30, GIFT Nifty indicated a muted start for the Indian markets, with the benchmark trading near 24,824, down 15 points as of 7:20 AM. Investors are likely to remain cautious ahead of the US Federal Reserve’s policy decision, following a rebound in Indian equities on Tuesday.

Global cues remain mixed as Asian markets traded sideways, and Wall Street ended lower on Tuesday. The Dow Jones Industrial Average fell 204.57 points or 0.46 per cent to 44,632.99, while the S&P 500 and Nasdaq Composite declined 0.30 per cent and 0.38 per cent, respectively.

US President Donald Trump suggested that Indian exports to the United States could face tariffs of up to 25 per cent, though no final decision has been made. Market sentiment also remains watchful of the outcome of two-day trade talks between US and Chinese negotiators, who agreed to work toward extending the current tariff ceasefire.

Back home, market participants are set to react to Quarterly Results of Larsen & Toubro and NTPC, announced post-market on Tuesday. Key Q1 FY26 earnings scheduled for release today include Power Grid Corporation of India, Interglobe Aviation, Tata Steel, Hyundai Motor India, Punjab National Bank, Indus Towers, Hitachi Energy India, Procter and Gamble Hygiene and Health Care, Kaynes Technology India, KPIT Technologies, Aster DM Healthcare, Indraprastha Gas, JB Chemicals and Pharmaceuticals, and Navin Fluorine International.

Foreign Institutional Investors (FIIs) continued their selling streak on Tuesday, offloading equities worth Rs 4,636.60 crore for the seventh consecutive session. Domestic Institutional Investors (DIIs), meanwhile, extended their buying streak to 17 sessions, purchasing shares worth Rs 6,146.82 crore.

On July 29, Indian indices ended a three-day losing streak. The Nifty 50 rose 0.57 per cent to close at 24,821.10, while the BSE Sensex gained 0.55 per cent to settle at 81,337.95. Heavyweights Reliance Industries and Larsen & Toubro supported the gains.

In commodities, gold prices held steady at USD 3,329.19 per ounce, with traders awaiting the Fed's decision for cues on interest rates. Brent crude was up 0.12 per cent at USD 72.60 per barrel after a 3.5 per cent jump in the prior session, while US WTI crude remained flat at USD 69.20. The US dollar index hovered near a one-month peak at 98.815.

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

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