Indian stock markets enter a crucial week as investors eye the outcome of the interim US-India trade deal, expected by July 9, along with the start of Q1 FY26 corporate earnings. After last week's profit booking, analysts say these developments could dictate near-term momentum.
Global oil prices may also react to the latest OPEC+ meeting, potentially influencing inflation-sensitive sectors.
&ldquo;Declining interest rates and easing inflation offer macroeconomic tailwinds. A successful trade deal could uplift sentiment, especially for IT, pharma, and auto sectors,&rdquo; said Vinod Nair of Geojit Financial.
Markets closed higher last week, with the Nifty at 25,461 (+55.7 pts) and Sensex at 83,432 (+193 pts). Gains were seen in banking, pharma, IT, realty, oil &amp; gas, and media stocks. However, metals, telecom, and auto lagged.
According to Choice Broking, a favourable trade deal could trigger the next leg of the rally, with upside targets at 27,300 and 28,600. Support lies at 25,000 and 24,500.
Bank Nifty declined 0.72% to 57,031.90, showing signs of trend exhaustion. Analysts expect a trading range of 56,500&ndash;57,500, with strong option interest at these levels.
FIIs have turned cautious amid high valuations, while DIIs remain supportive, keeping sentiment stable.
[Except for the headline, this article has not been edited by the Benefit News editorial team and is published directly from the IANS news feed.]

India Markets Eye US Trade Deal, Q1 Results This Week

Q1 FY26 earnings, US-India trade deal, and global oil cues to guide markets in the near term.

India Markets Eye US Trade Deal, Q1 Results This Week

Q1 FY26 earnings, US-India trade deal, and global oil cues to guide markets in the near term.

July 6, 2025 | 16:40 IST