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First Trade: Nifty hovers around 25,500; Metal index top gainer

Published 5 days ago2 minute read

: Indian equities, clueless of any direction, opened mildly higher on the weekly expiry day as the US-India deal didn't come through, even as the July 9 deadline for the US tariff expires. At the open,  the NSE's Nifty50 was up as much as 33 points at 25,509.5 points, while the 30-share Sensex was up 185.8 points at 25,509.5 points.

Meanwhile, the broader markets Nifty Midcap 100 was up 0.14 per cent. 

However, the high beta Bank Nifty index traded with mild gains of as much as 113.2 points at 57,326.75.

LIC: LIC shares are in focus in today's session as the OFS has been approved for the larger part of the divestment strategy.

IT stocks: IT shares will be in focus today as TCS is slated to report its quarterly earnings later today.

Power Financier stocks: Morgan Stanely in its report on power financiers said that India's energy transformation financing theme can get stronger.

Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,335-25,425 levels and a strong buy zone at 25,125-25,275 levels on Thursday, July 10. For the Nifty Bank, the market wizard expects support at 56,850-57,050 levels and a strong buy area at 56,625-56,775 levels.

Asian markets in Thursday's session traded higher, taking positive cues from Nvidia, which crossed the valuation of $4 trillion, athough concerns around US tariffs persisted. The key MSCI Asia Pacific ex Japan index was trading higher by 0.37 per cent.

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