Indian equity indices are expected to open on a lower note following negative global cues. The Asian indices were trading mixed in morning trade. The GIFT Nifty was trading 0.1% lower at 25,170. Here are key global cues to watch before the market opens that include new EU tariffs, crude oil prices, FII and DII data, business groups that most, sectoral performance, etc.
Earlier on Friday, the NSE Nifty 50 closed the session 205 points or 0.81% lower at 25,150, while the BSE Sensex declined 690 points or 0.83% to close at 82,500.
Key global and domestic cues to know on July 14, 2025
Tariffs on EU and Mexico
U.S. President Donald Trump, on Saturday, said the U.S. will impose 30% tariffs on the European Union and Mexico starting August 01. Officials from the EU and Mexico expressed their plans to continue discussions with the Trump administration this month in hopes of reaching an agreement on a reduced rate.
Asian Markets
Asia-Pacific markets traded mixed on Monday morning as the US futures dropped on the back of new tariffs on the EU and Mexico. Japan’s Nikkei 225 benchmark slipped 0.45% to trade below 39,400, meanwhile Kospi surged 0.31% to trade at 3,185.
US markets
The futures contracts tied to US benchmarks are trading on a lower note as Trump imposes a new set of tariffs on the EU and Mexico. The Dow Jones Industrial Average futures dropped 183 points, or 0.4%. The futures of the S&P 500 lost 0.4%, while the Nasdaq fell 0.5%.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.07% lower at 97.78 on Monday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.16% to close at 85.79 to the dollar on July 11.
Crude oil
The crude oil prices traded on a higher note on Monday morning. WTI crude prices were trading at $68.49, up by 0.05%, while Brent crude prices were trading at $70.42, up by 0.08%.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 5,104.22 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 3,558.63 crore on July 11, 2024, according to the provisional data available on the NSE.
Gold rate today
The rate for 24-carat gold today is Rs 98,210 per 10 grams, consolidating near its all-time high. The safe haven’s price is near the Rs 1 lakh mark. The rate of gold has surged by 0.65% in the past one week. The 22 kt gold rate today is Rs 90,026 per 10 grams. The 18-carat gold price today is Rs 73,658.