Research Report : Indian Financial Markets Outlook - 09th July 2025

Most of the markets in Asia – Pacific region were trading mixed, while US and European futures diverged. S&P 500 futures down 0.1% Euro Stoxx futures up 0.2%The GIFT Nifty is trading 25 points lower at 25,579 in the morning, indicating a muted start for the benchmark. US equities closed slightly lower Tuesday as traders sifted through a trove of trade-related news, including a warning from President Donald Trump that there won’t be any extensions to the new Aug. 1 tariff deadline, and potential new rates on imports of copper and pharmaceuticals.

Trump has threatened to levy 200% duty on pharma products while copper may attract 50% import tariff. Oil steadied as traders weighed signs of swelling US crude stockpiles and the fallout from President Donald Trump’s tariff regime. Brent held near $70 a barrel after a two-day gain, and West Texas Intermediate was around $68.

Fundamental Update

• Quality Power - The company has formalised a term sheet to raise its investment stake in Nebeskie Labs from 14.5% to 26%. Positive

• Dixon Technology - The company has established a 50:50 joint venture named Lightanium Technologies in partnership with Signify Innovations. Positive

• Tata Steel -The company reported a slight year-on-year dip in crude steel production to 5.26 MT in the first quarter of fiscal 2026. Negative

• 5Paisa Capital Q1 FY26 (YoY) - Net Profit down 42.6% at Rs 11.5 crore versus Rs 20.1 crore. Total Income down 24% at Rs 77.7 crore versus Rs 102 crore. Negative

Technical Update

• NIFTY – Late recovery lifted Nifty index to close above 25,500 at 25,522 on Tuesday. Index has been under pressure over trade tariff news in recent days and uncertainty still continues in absence of trade deal announcements. Today’s range – 25,350 – 25,650.

• BANKNIFTY – Bank nifty zoomed past 57K after late buying on private lenders stock to settle at 57,256 on Tuesday. Index has strong support at 17 day EMA of 56,650 while 57,550 is near term resistance. Today’s range – 56,650 – 57,550.

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