Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:

Sensex up, Nifty steady... but markets are on edge!
Why did the market rise despite sharp swings and global jitters? Let’s break it down.

Sensex gained 193 points, Nifty closed above 25,400.
But… don't let the green fool you. Both indices slipped sharply from their day’s highs, thanks to volatile trade, global cues, and SEBI’s crackdown on Jane Street.

Financials and IT stocks led the gains. Bajaj Finance rose 1.6%, and Infosys and ICICI Bank supported the rally.

But Trent crashed nearly 12% after warning of slower revenue growth. Nuvama downgraded the stock post-AGM.

Global markets? Mostly in the red, Europe’s major indices slipped, Korea’s Kospi tanked 2%, and U.S. futures dipped as investors braced for Trump’s tariff deadline on July 9.

SEBI barred U.S. trading firm Jane Street and froze ₹4,800+ crore over alleged manipulation in the Indian derivatives market. That shook investor confidence.

Experts say markets are pausing after a strong rally. Eyes are now on Q1 earnings, Trump’s tariff call, and a possible U.S.-India trade deal.

Technically, Nifty’s hammer candle hints at a bullish rebound, if it stays above 25,300, a jump to 25,800–26,100 is possible.

Crude oil eased. Rupee ended flat.
And India’s market mood? Wait-and-watch mode, cautious optimism, but cracks are visible.