Share Market News: Sensex and Nifty are likely to react to trade deal related developments between India and US. Additionally the market is also likely to take cues from the movement of other global indices.
The headline indices ended the July 8 session higher as the Sensex closed 0.32 per cent or 270.01 points higher at 83,712.51 and the Nifty 50 finished the session higher by 61.2 points or 0.24 per cent at 25,522.5. Here’s a look at the key factors which are likely to affect trade on D-street on July 9:
Trump Tariffs On Metals And Pharma
On July 8, US President Donald Trump repeated via a post on social media platform Truth Social, that an additional 10 per cent tariff will be charged to the BRICS nations. The US President also claimed that BRICS has been set up to weaken the US dollar. Addressing a cabinet meeting, Trump also mentioned that 50 per cent tariffs will be imposed on copper imports, in-line with the duties on steel and aluminium. The US President is also set to extend the tariff freeze deadline till August 1 according to a report by CBS. Trump also said that duties on pharmaceuticals imported by the United States could surge by up to 200 per cent after a year. On the other hand a final trade deal is expected to be inked between New Delhi and Washington DC later this year. Prior to the final trade deal the two countries are likely to sign an ‘interim trade deal’ according to media reports.
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Crude Oil Prices On July 9
Crude oil prices declined in the early hours of July 9, the price of West Texas Intermediate crude fell to $68.14 per barrel down by $0.19 or 0.28 per cent. The price of Brent Crude also declined to $69.99 down by $0.16 or 0.23 per cent.
Gold Rate Today
Gold prices edged up on July 9, the price of one gram of 24 karat purity gold was Rs 9885, the price of one gram of 22 karat purity gold was Rs 9061. On the other hand the price of one gram of 18 karat gold was Rs 7414.
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Stocks In Focus On July 9
Here’s a look at the stocks which are likely to be in focus on July 9:
JSW Steel Share Price
JSW Steel shares are likely to be in focus today after the company posted a 14 per cent year-on-year growth in crude steel production for the first quarter of FY 2025-26.
Dixon Technologies Share Price
Shares of Dixon Technologies are likely to be in focus on July 9 as the company has acquired 50 per cent stake in Lightanium for a sum of Rs 2.5 crore. Notably Lightanium was incorporated as a joint venture between Signify Innovations and Dixon Technologies.
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Tata Motors Share Price
Tata Motors shares are likely to be in focus after the company posted a provisional business update. The company said that its global wholesale volumes for Q1 FY26 stood at 2,99,664 units dropping by 9 per cent compared to Q1FY25.
Shriram Finance Share Price
Shriram Finance shares are likely to be in focus after the company informed the exchanges that its Banking & Finance Committee is scheduled to meet on July 11 to consider the purchase of outstanding non-convertible debentures (NCDs).
Ola Electric Mobility
Shares of Ola Electric Mobility are expected to be in focus on July 9 after the company announced that it has rolled out its new software for two wheelers MoveOS 5.
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Computer Age Management Services
CAMS shares are likely to be in focus after the company informed the exchanges that it has launched the ‘CAMSPay New Payment Gateway’. The new payment gateway supports more than 5,000 transactions per second.
US Markets End Mixed
Wall Street indices finished the session mixed on July 8 as the Dow Jones Industrial Average slipped 165.6 points or 0.37 per cent to close at 44,240.76. On the other hand the S&P 500 ended the session flat at 6,225.52 down by 4.46 points or 0.07 per cent. The Nasdaq Composite closed at 20,418.46 up by 5.95 points or 0.03 per cent.
Asian Indices Open Mixed On July 9
Amid the extension of the July 9 tariff deadline, Asian indices such as the Nikkei 225, KOSPI and Shanghai Composite opened higher. However the Hang Seng index opened lower and further declined by 169.34 points or 0.7 per cent in the early hours of July 9. At the time of writing Nikkei 225, KOSPI and Shanghai Composite traded higher by up to 0.47 per cent.
