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📈 Nifty Premarket Report – July 29, 2025
Published: 09:02 AM IST
📰 Global and India Market Updates
- 📈 GIFT Nifty Signals Negative Opening: GIFT Nifty at ~24,668.0, down 168.9 points, suggesting Nifty 50 opening around 24,600-24,650, below Jul 28 close of 24,680.90.
- 🇺🇸 US Fed Meeting: Markets await US Federal Reserve’s July 30-31 meeting; 25 bps rate cut expectations rise, boosting global risk assets.
- 🌎 US-China Tariff Talks: US-China trade truce talks resume in Stockholm, with Trump’s 15-20% global tariff threat pressuring Asian markets.
- 🇮🇳 India-UK FTA Progress: India-UK trade deal advances, aiming to double bilateral trade to $120 billion, lifting Indian export stocks.
- 🛢️ Oil Supply Tensions: Brent Crude at ~$68.23 (+0.84%) and WTI at ~$65.76 (+0.92%) rise on Middle East supply disruption fears.
- 💱 Rupee Outlook: Indian rupee at ~86.538 (+0.07%), trading in 86.50-86.70 range; USD index at ~97.645 (+0.25%) on dollar strength.
- 🏦 TCS Layoffs: TCS to cut ~12,000 jobs (2% of workforce), signaling IT sector slowdown, dragging Nifty IT index.
- 📉 Kotak Mahindra Bank Q1: Kotak shares down 6.5% after Q1 profit falls 7% YoY to ₹3,282 crore, raising banking sector concerns.
- 🌏 Asian Markets Weak: Nikkei at ~39,599 (-0.31%), Hang Seng at ~24,893 (-0.48%), Shanghai Composite at ~3,013 (+0.07%) amid trade uncertainty.
- 🪙 Gold Stable: Gold at ~$3,315 (+0.05%) steady on safe-haven demand ahead of Fed meeting, despite trade deal progress.
- 🇺🇸 US Tech Rally: S&P 500 at ~6,422.30 (+0.53%), Nasdaq at ~21,050 (+0.6%) driven by AI stocks; Intel slips on weak guidance.
- 🇮🇳 Q1 Earnings Impact: Torrent Pharma up 0.7% on 20% profit surge; Mazagon Dock down after 35% profit drop, impacting Nifty.
- 🌍 US-EU Trade Deal: US-EU tariff reduction deal signed, boosting global equities but raising concerns for non-EU exporters like India.
- 🇮🇳 NSDL IPO Buzz: NSDL IPO opens July 30, price band ₹760-800, drawing strong investor interest amid robust IPO sentiment.
- 💻 AI Job Concerns: Microsoft’s AI-driven Copilot for Edge raises fears of IT job cuts, pressuring Indian IT stocks.
- 🇧🇷 Brazil Trade Warning: Brazil flags trade war risks if Trump imposes 50% tariffs, dampening emerging market sentiment.
- 🇮🇳 Defence Sector Strength: Mazagon Dock, BEL gain on new defence orders, supported by India’s defence push.
- 🛠️ India Infra Boom: $125 billion annual infra investment drives cement, construction stocks like UltraTech, Larsen & Toubro.
- 🌍 Nvidia’s Rise: Nvidia reclaims world’s most valuable company title, fueling global tech rally and AI stock sentiment.
- 🇮🇳 Crypto Hack Fallout: CoinDCX’s ₹368 crore recovery bounty after hack dents Indian crypto investor confidence.
- 🏭 India GCC Growth: Over 2,000 Global Capability Centres drive IT, cybersecurity stocks, creating 2.1 million jobs.
- 🌍 Thailand-Cambodia Tensions: Border clashes raise regional instability fears, impacting Asian market sentiment.
- 🇮🇳 PSU Bank Gains: Bank of Baroda’s Q1 profit up 2% YoY to ₹4,541 crore, supporting PSU bank index.
- 🛩️ Aviation Sector: Singapore Airlines’ Q1 profit down 59% due to Air India losses, pressuring aviation stocks.
- 🇮🇳 Renewable Energy Push: NTPC Green Energy rises on India’s renewable capacity expansion, boosting energy stocks.
🌍 Global Market Insights
🇺🇸 US Markets
- Dow Jones: ~44,800 (-0.2%)
- S&P 500: ~6,422.30 (+0.53%)
- Nasdaq: ~21,050 (+0.6%)
- VIX: ~17.90 (-0.5%)
Tech sector supports Nasdaq; Fed rate cut expectations persist.
🌏 Asia & Europe
- Nikkei 225: ~39,599 (-0.31%)
- Hang Seng: ~24,893 (-0.48%)
- Shanghai Composite: ~3,013 (+0.07%)
- DAX: ~+0.5% (Futures)
Asian markets cautious on trade deal uncertainty; European futures stable.
🛢️ Commodities & Forex
- Brent Crude: ~$68.23 (+0.84%)
- WTI Crude: ~$65.76 (+0.92%)
- Gold: ~$3,315 (+0.05%)
- Silver: ~$38.40 (+0.09%)
- Copper: ~$812.55 (+1.52%)
- Rupee: ~86.538 (+0.07%)
Gold stable on safe-haven demand; oil rises on supply concerns.
🇮🇳 India Market Pulse
Nifty 50
- Close (Jul 28): 24,680.90 (-0.63%)
- High (Jul 28): ~24,950.00
- Low (Jul 28): ~24,680.90
- India VIX: ~11.70 (+1.9%)
Nifty bearish below 25,000; support at 24,600, resistance at 25,110.
📊 Sector Movers
| Sector | Change |
|---|---|
| PSU Bank | +0.8% |
| Pharma | +0.5% |
| IT | -1.7% |
| Auto | -0.8% |
| Financial Services | -0.4% |
Pharma gains on defensive buying; IT slumps on weak Q1 results.
Top Movers
| Gainers | Losers |
|---|---|
| Cipla | Coforge |
| SBI Life | Persistent Systems |
| HDFC Life | Infosys |
Cipla up 1.5% on strong Q1; Coforge down 9% post-earnings.
📉 Nifty Options Analysis
Nifty Options Open Interest (OI)
Max Call OI at 25,110 strike (~1.15 crore contracts) signals resistance; max Put OI at 24,600 (~1.10 crore contracts) indicates support. Bearish sentiment dominates.
| Strike | Call OI (Lakhs) | Put OI (Lakhs) |
|---|---|---|
| 24,600 | 80.0 | 110.0 |
| 24,900 | 87.0 | 105.0 |
| 25,110 | 115.0 | 55.0 |
Chart: Nifty OI distribution below.
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