US-India trade pact: Markets brace for July 9 tariff deadline; Q1 earnings, FII flows to drive sentiment
Equity investors are gearing up for a potentially volatile week as the 90-day suspension period of US President Donald Trump's reciprocal tariffs expires on July 9, raising uncertainty over India-US trade relations.
Market experts believe that the outcome of the trade negotiations will be a key trigger, especially for sectors like IT, pharma, and auto that are sensitive to global commerce.
Trump had imposed a 26 per cent additional import duty on Indian goods entering the US earlier this year, but enforcement was deferred for 90 days. As the deadline nears, traders are cautious, awaiting clarity on whether the levies will be fully implemented, renegotiated, or further delayed.
'This week holds significant importance not only for Indian markets but for global equities as well,' said Ajit Mishra, SVP – Research, Religare Broking Ltd, according to news agency PTI.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
5 Books Warren Buffett Wants You to Read In 2025
Blinkist: Warren Buffett's Reading List
Undo
'The most anticipated event is the outcome of the US trade (tariff) deadline on July 9, which could shape global trade dynamics. Investors will also closely monitor the release of the US FOMC minutes on the same day', Mishra added.
Meanwhile, focus will also turn to corporate earnings, with Tata Consultancy Services (TCS) and Avenue Supermarts scheduled to kick off the Q1FY26 reporting season. Their results are expected to set the tone for broader market sentiment.
Vinod Nair, head of research at Geojit Financial Services, was quoted by PTI as saying that any favourable development on the India-US trade front could provide a fresh boost to investor confidence.
'Considering the broader indices are currently trading at elevated levels, market participants will closely watch for signs of earnings catch-up from upcoming Q1 results,' he said.
Siddhartha Khemka of Motilal Oswal Financial Services added, 'Overall, we expect the market to remain in consolidation mode, awaiting clarity on the India-US trade deal, while stock-specific action would continue on the back of Q1FY26 business updates.'
The past week saw the BSE Sensex fall by 626.01 points or 0.74 per cent, and the NSE Nifty declined by 176.8 points or 0.68 per cent.
Foreign Institutional Investor (FII) flows are also expected to remain volatile. 'Resumption of FII buying will hinge on two things,' said V K Vijayakumar, chief investment strategist, Geojit Investments. 'One, if a trade deal happens between India and the US, that will be positive for markets and FII flows. Two, Q1 FY26 result indications. If the results indicate earnings recovery, that will be positive. Disappointment on these factors can impact the market', Vijayakumar added.
Apart from these, investors are likely to track Brent crude price movements and rupee-dollar fluctuations, which could further impact trading dynamics through the week.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
25 minutes ago
- Time of India
India was confident of Pahalgam consensus
NEW DELHI: India went into the Brics summit feeling confident it would be able to negotiate the duelling pressures from members of the grouping and get member countries to condemn the Pahalgam attack despite the presence of China and its increasing brazenness in obscuring Pakistan's continuing use of terrorism. Govt sources, while agreeing with the estimates in many quarters that reconciling the divergent perspectives of Brics members would be a challenging task, had expressed confidence that India's enhanced standing would help it overcome any problems. "From being the weakest link in the Brics chain to being an economy with a growth rate and low inflation, a robust digital public infrastructure, there has been a transformation, which has helped us push India-specific concerns," the sources said. Referring to the stand against terrorism, they said since 2014, the Modi govt has focused on getting the world to recognise the need for collective action against the scourge. "India's consistent push to address terrorism in all its forms led to the creation of the Brics counter-terrorism working group, and under India's leadership at the 13th Summit in 2021, the group adopted a Counter Terrorism Action Plan, marking a shift from broad declarations to concrete institutional mechanisms for intelligence sharing, capacity building and preventing the misuse of financial and digital networks by terror networks," according to the sources. They also said India was instrumental in using the forum to support its pitch for democratising multilateral institutions - a theme PM Modi articulated in his address to the Summit on Sunday. Sources also mentioned India's initiatives, including the call for the launch of Brics Startup Forum and inclusion of digital public infrastructure in the core agenda, to argue that India has moved from the sidelines to the centre stage of the group. "India has become a voice that is heard. It isn't easy to imagine that 12 years ago, many seriously debated whether to replace India, with the lowest growth rate and high inflation, with Indonesia as a member," said sources.
Time of India
26 minutes ago
- Time of India
Koradi, Khaparkheda bunds 90% full, fly ash to be given for free
Nagpur: With the ash bunds of Koradi and Khaparkheda thermal power plants nearing saturation, the Nagpur district administration will make the fly ash available for free to entrepreneurs, builders and small industries. The decision was taken at a high-level meeting chaired by district collector Vipin Itankar at the collectorate recently. The fly ash is currently stored at the ash bunds at Khasara, Koradi, Waregaon and Nandgaon villages. Officials from the administration said that the ash bunds of both the plants are now 90% full, triggering concern over environmental and logistical challenges. Koradi generates around 12,000 metric tonnes of fly ash daily, while Khaparkheda adds another 7,000 tonnes. "The govt will not levy any charges for ash. It is available free for any entrepreneur or business that can put it to productive use," said Itankar. However, the recipient will have to bear the transportation cost. Fly ash can be used in various applications, particularly in the brick industry, stone quarries, layout filling, and manufacturing of cement pipes and paver blocks. To further encourage utilisation, the district has proposed a financial incentive of Rs125 per tonne for govt and semi-govt agencies that use fly ash for infrastructure projects. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Launch by L&T – 3 & 4 BHKs Near Viviana L&T Evara Heights Enquire Now Undo This includes road construction and dam reinforcement work etc. Officials from the Maharashtra State Power Generation Company (Mahagenco) and the environment department were present during the meeting. Chief engineers Vilas Motghare (Koradi) and Girish Kumarwar (Khaparkheda) briefed the collector on the status of storage and disposal. Senior officials emphasised that the distribution will follow the rules and guidelines laid down by the Maharashtra environment department and Mahagenco. The aim is to turn an environmental burden into a resource by enabling its use in development and construction sectors. Entrepreneurs and contractors looking to procure ash can contact the ash utilisation departments at the respective power plants. Executive engineer Praveen Madavi (Koradi) can be reached at 8411957872, and executive engineer Pankaj Dharaskar (Khaparkheda) at 9923585481 during office hours. The administration hopes the move will ease pressure on ash bunds while giving a boost to cost-effective and eco-friendly construction practices.
Time of India
36 minutes ago
- Time of India
Gemini Daily Horoscope Today, July 07, 2025: You're not just healing you're transforming
Today you are not just recovering from past experiences, you are becoming someone new. Healing is no longer about just fixing what broke—it is about discovering a deeper version of yourself. The energy now supports growth that begins from within. Even if things feel unclear, trust that the changes are real. You are slowly stepping into a more powerful state of being. Stay kind to yourself in this time of becoming. This transformation is quiet, but it is strong and lasting. Gemini Love Horoscope Today In love, the heart feels sensitive but aware. If in a relationship, you may notice old emotional wounds surfacing. Instead of reacting, allow the space to heal together. If your partner is also healing, walk side by side with kindness. If single, you are in a powerful space to attract someone who understands the real you. Do not rush. Your healing energy is changing the kind of love you call into your life. Let love meet the new version of your soul. Gemini Career Horoscope Today Career today brings reflection more than action. You may feel the need to shift your direction, or at least work in a way that feels more aligned with your inner values. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Avoid forcing yourself into tasks that drain you. Use this day to notice where your passion truly lies. Someone might offer advice that helps guide you. Remember, your growth is not just professional—it is personal too. You are transforming from the inside, and your work should also reflect that. Gemini Money Horoscope Today Financially, this is a day to make mindful choices. You may feel tempted to spend to feel better, but pause and ask yourself if the purchase supports your transformation. Sometimes, emotional healing creates the urge to fill space with material things. Save what you can and avoid unnecessary risk. A past money lesson may return in a new form—handle it differently this time. Money spent wisely now brings long-term peace. Gemini Health Horoscope Today Health shows steady improvement, but the mind may feel heavy. This is normal during emotional transformation. Drink warm water, avoid late-night meals and take breaks from stimulation. Meditation or gentle stretching can help calm the system. If possible, avoid spicy or processed food today. Your body needs support, not control. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
