"Dalal Street This Week: US Tariffs, Q1 Earnings & Key Triggers for Investors"

Indian Stock Market Snaps Winning Streak Amid Trade Jitters; Eyes on Earnings, Monsoon

Market Performance (Week Ending July 4, 2024)

Nifty 50 & Sensex: Fell 0.7% each, ending a 2-week rally.

Mid/Small-Caps Outperform:

Nifty Midcap 100: +0.5%

Nifty Smallcap 100: +0.3%

Key Drags: Profit booking, US trade deal delays, and FII outflows (₹5,773cr in July).

5 Triggers for Next Week

India-US Trade Deal Deadline (July 9): Retaliatory tariffs loom if talks fail.

Q1 Earnings Kickoff: TCS, Tata Elxsi reports to set IT sector tone.

Monsoon Watch: June rains 12% above normal; sowing progress critical.

FII Flows: Sustained selling may pressure large-caps.

Rupee Volatility: Weakness could spike import costs, inflation.

Outlook

Support Levels: Nifty 24,100 (if sell-off deepens).

Silver Lining: Mid/small-caps show resilience; sector rotation likely.