On July 9, 2025, Indian financial markets opened cautiously, influenced by global trade developments and recent U.S. tariff announcements. The GIFT Nifty was trading at 25,584.50, indicating a potential negative start for domestic markets. This reflects the impact of global trade tensions on the Indian market.
U.S. President Donald Trump announced plans to impose a 10% tariff on all BRICS countries, including India. He also declared a 50% tariff on copper imports and warned of sector-specific duties. These actions are expected to increase trade tensions.
The Sensex closed at 83,712.51, and the Nifty settled at 25,522.50 in the previous session. The rupee depreciated 0.20% to 85.70 against the dollar on July 8. Investors are closely monitoring these developments, as ongoing trade tensions continue to influence market sentiment.