Nifty 50 began the session at 25,514.60, slipping 7.90 points or 0.03% below its previous close of 25,522.50. Bank Nifty opened lower at 57,199.75, down by 56.55 points or 0.10% from its last close of 57,256.30. Sensex started the day at 83,619.82, declining by 92.69 points or 0.11% from the previous close of 83,712.51.
Global index as on 9 July 2025
- DOW 30 declined by 165.60 points, down 0.37% to close at 44,240.80.
- S&P 500 slipped 4.46 points, down 0.07% to end at 6,225.52.
- NASDAQ inched up by 5.95 points, gaining 0.03% to settle at 20,418.50.
- FTSE 100 advanced 47.65 points, rising 0.54% to finish at 8,854.18.
- DAX surged 133.24 points, up 0.55% to close at 24,206.90.
- NIKKEI 225 climbed 101.13 points, increasing 0.26% to reach 39,688.80.
Commodities Update
- Gold: Currently trading at ₹9,885 per gram.
- Silver: Down by ₹0.10, now at ₹109.90 per gram.
- Crude Oil: Prices have risen by 0.04%, reaching 69.485, compared to the previous close of 69.445.
Global events/updates
Trump’s Tariff Spree Sparks Global Trade Jitters
On July 9, 2025, former U.S. President Donald Trump announced sweeping tariff measures as part of his renewed trade strategy. A minimum of seven countries will face new trade tariffs starting Wednesday morning, with additional countries targeted later in the day.
The U.S. is set to impose up to 200% tariffs on pharmaceutical imports and a 50% tariff on copper imports, indicating more sector-specific duties ahead.
Trump’s administration also warned that India could face a 10% tariff if it remains part of BRICS. While copper tariffs may take effect by late July or early August, detailed announcements on pharma tariffs are expected by the end of the month, according to the U.S. Commerce Secretary. These aggressive trade moves are expected to rattle global markets and disrupt key supply chains.
Trump Warns BRICS, Slams EU in Trade Remarks
Donald Trump announced a 10% tariff on BRICS nations, accusing them of trying to destroy the U.S. dollar. He warned that challenging the dollar would come at a price and compared its loss to losing a war. Trump also criticized the EU, calling it worse than China in trade dealings.
Stocks to watch
- Pharma Stocks: Shares of major Indian pharma firms like Sun Pharma, Cipla, Dr. Reddy’s, Lupin, and others will be in focus after Trump threatened a 200% tariff on pharma imports to the U.S.
- Gujarat Pipavav: Q1 update shows flat dry bulk cargo (0.55 MMT), slight dip in container volume (1.64 lakh TEUs, -0.6% YoY), and rise in liquid cargo (0.41 MMT vs 0.34 MMT YoY).
- JSW Steel: Q1 crude steel output rose 14% YoY to 7.26 MT, but declined 5% QoQ due to maintenance shutdowns.
- Tata Steel: Q1 crude steel production fell slightly YoY to 5.26 MT; deliveries dropped 3.8% to 4.75 MT due to plant shutdowns.
- Union Bank of India: Reported 5% YoY growth in total business to ₹22.1 lakh crore as of June 30, with deposits rising 3.6% to ₹12.4 lakh crore.
- Varroc Engineering: The company and its arm VarrocCorp Holding received an $66.4 million arbitration order from ICC International Court. The order was initiated by Opmobility lighting holding pertaining to alleged breaches of covenants under SPA executed in April 2022.
- Ashoka Buildcon: The company’s arm has submitted Rs 1,391 crore financing documents to NHAI for the development of a four lane corridor.
- Seamec: The company has secured a Rs 39.2 crore offshore repair contract from ONGC. The project involves repair and replacement of Spider Deck Members, with execution starting from Oct. 16, 2025, and completing within 90 days.
- Dixon Technology: The company has established a 50:50 joint venture named Lightanium Technologies in partnership with Signify Innovations.
- Signature Global: The company reported a pre-sale of Rs 2,640 crore during the first quarter of fiscal 2026, a decline of 15% year-on-year. During the quarter, the average sales realisation stood at Rs 16,296 per sq. ft. in first quarter of fiscal 2026 as against Rs 12,457 per sq. ft. in the financial year 2025.
- Supreme Industries: The company has secured an Rs 54 crore order from BPCL for the supplying 2,00,000 units of 10 Kg composite LPG cylinders.
- Mufin Green Finance: The company has approved raising funds worth Rs 55 crore through Non-Convertible Debentures.
- Oriental Rail: The company has received Rs 9 crore order from Indian Railways to manufacture seats and berths from and Rs. 2.45 crore order for its Chennai division to supply seats and berths.
- Tata Motors: Global wholesales, including Jaguar Land Rover, saw a 9% year-on-year drop, totaling nearly three lakh units. Commercial vehicles, along with the Tata Daewoo lineup, registered 87,569 units, marking a 6% decline compared to the same period last year. Passenger vehicle wholesales also fell 10% to 1.25 lakh units’ year-on-year.
- Bajel Projects: The company is investing Rs 170 crore to expand capacity at its Ranjangaon facility in order to meet internal demand and market sales. The expansion aims to boost galvanisation capacity from 40,500 MTPA to 1.1 lakh MTPA.
- Godawari Power: The company has acquired 100% stake of Godavari new energy.
- Agarwal Industrial: The company has approved the proposal for the acquisition of 100% stake in Konkan Storage Systems for Rs 22 crore.
- NBCC: The company has received RBI’s approval to invest AED 1 million in overseas arm NBCC overseas real estate LLC.
- Synergy Green: The company has received a development order for 3.3 MW turbine parts from Adani Wind. The order book is projected to double to Rs 40 crore in fiscal 2026 from Rs 20 crore in fiscal 2025.
Written by Manideep Appana
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