- Indian markets ended lower, dragged by losses in IT and PSU bank stocks.
- Global attention shifts to Nvidia, the world’s first $4 trillion company.
- Trump’s renewed tariff threats and Bitcoin’s surge add to global market dynamics.
Indian benchmark indices ended in the red on July 10, with the Sensex falling 346 points to close at 83,190.28 and the Nifty slipping below the 25,400 mark.
On the global front, Nvidia continued its meteoric rise by becoming the first publicly traded company to surpass a $4 trillion valuation, driving a new record close for the Nasdaq.
Markets Dip as Domestic Laggards Drag, Nvidia’s AI Surge Captivates Wall Street
The Indian equity market witnessed a midweek pullback, with profit-booking and global caution weighing on investor behavior. The Nifty closed at 25,355.25, down nearly 121 points, under pressure from lackluster quarterly expectations and weak cues from the IT sector. PSU banks also saw selling pressure ahead of major Q1 results next week.
Bank of Maharashtra, a key PSU stock, announced its board meeting for July 15, 2025, to review its Q1 financial performance. The results will be closely watched as an indicator of the sector’s health in a macro environment shaped by inflation concerns and evolving monetary policy.
Global markets took a breather after a technology-driven rally, pausing for direction following Trump’s latest tariff announcement. His proposed 50% import tariffs on Brazilian goods introduced fresh uncertainties for emerging markets, reminding investors of earlier trade wars.
Despite political tremors, technology optimism prevailed. Nvidia’s valuation milestone not only boosted tech sentiment but also reinforced investor confidence in the future of AI. Its performance was a key driver behind the Nasdaq Composite hitting record highs, overshadowing concerns around tariffs and earnings headwinds.
As Indian markets consolidate, the global spotlight on tech innovation and political unpredictability continues to shape investor strategies heading into earnings season.
“In investing, what is comfortable is rarely profitable.” – Robert Arnott
