- Nvidia becomes the world’s first $4 trillion company, lifting US indices.
- Indian markets decline amid profit booking and tariff-related caution.
- Focus shifts to earnings season with TCS set to report Q1FY26 results.
Wall Street saw modest gains on Wednesday as Nvidia soared past a historic $4 trillion market cap, reinforcing investor confidence in AI-driven tech.
In contrast, Indian stock markets ended in negative territory. The Sensex fell by 176 points, closing at 83,536.08, while the Nifty 50 slipped below the key 25,500 level.
AI Boom vs. Tariff Blues: Nvidia Soars as Indian Equities Stumble
Nvidia’s staggering valuation marks a pivotal moment for the tech industry. As demand for AI chips accelerates across sectors, the company’s dominance reaffirms investor belief in the transformative power of artificial intelligence. This historic rise also comes amid relatively muted responses to global political developments, suggesting that market focus has narrowed to sectoral growth stories.
Meanwhile, Indian investors appear to be bracing for volatility. The delay in finalizing a US-India trade deal and extended tariff deadlines have introduced near-term uncertainty. Despite assurances of progress, the lack of clarity has made investors wary of taking fresh positions, especially in heavyweight stocks that influence broader indices.
The Indian market also faces upcoming challenges from the earnings season, with TCS set to report on July 10. As the first major IT company to announce results, TCS’s performance will likely set the tone for sectoral expectations. Given global economic headwinds and fluctuating client budgets, investors are closely watching margin guidance and deal wins.
Among individual stocks, Vedanta plunged over 7% following a critical report from Viceroy Research, while Union Bank shares dropped after a lukewarm business update. On the upside, Medanta saw an 8% jump, leading the pack of volume-driven gainers. Additionally, several mid- and small-cap stocks hit 52-week lows, signaling ongoing stock-specific volatility beneath the surface.
Today’s market movements underscore the growing gap between global tech optimism and regional macroeconomic caution. Investors must tread carefully as earnings and geopolitical narratives unfold.
“In the middle of every difficulty lies opportunity.” — Albert Einstein
