First Trade: Indices open little changed; Nifty hovers around 25,440 levels; Titan down over 4%

6 hours ago 1

Indian stock market news today: Indian equities despite positive Asian markets opened on a muted note in Tuesday's session (July 8, 2025) as sentiment improved after the US President Donald extended the deadline to levy his tariffs on various economies to August 1 from the earlier July 9.

At the open, Nifty50 index declined by a tad 13 points - hovering around 25,440 levels, while the 30-share Sensex index was at  83,351, down 91 points or 0.11 per cent.

Meanwhile, the Bank Nifty index traded still higher amid buoyancy in the private banking pack.

Sectoral watch

Sectorally, private banking gauge led the gains, followed by financial services, metal and oil and gas gauges. Meanwhile, consumer durables played spoisport, dragged over 2 per cent, with other notable losers being pharma,  realty and IT.

Stocks to watch

MCX: MCX shares will be focus today as there is scheduled a press conference on the launch of electricity derivative contracts at 11:45 am. 

M&M: Mahindra 3XO new variant is scheduled to be launched today.
 
 CG Power and Industrial Solutions: 4.5 crore equity shares alloted to QIBs  or qualified institutional buyers will be listed today.

Titan: Titan shares fell over in early trade post the company's June quarter business update.
 

Asian markets

Asian stocks rose in Tuesday's session after US President remarks indicate that he is open to more negotiation on trade deals front. The key MSCI Asia Pacific ex Japan index traded higher by 0.3 per cent.

Investors are eyeing the key Reserve Bank of Australia interest rate decision, with the central bank expected to largely cut interest rates further. 

The sentiment remained positive despite weak overnight session in the US after Trump began sending letters to major economies specifying US tariffs against them.

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