Market Highlights – July 2, 2025

• Indian equity markets stayed largely flat — Nifty 50 ended down 0.08% at 25,521, while Sensex dipped 0.03% to 83,675. Banking and financial stocks dragged, despite optimism over a potential India–U.S. trade agreement and delay in tariff decisions. • Asian markets traded mixed. Japan and South Korea slipped ~0.5%, while Hong Kong and Australia saw gains around 0.8%. U.S. tech stocks, including Tesla and Nvidia, pulled global sentiment lower. • U.S. Federal Reserve Chair Jerome Powell indicated that interest rate cuts may be delayed, citing persistent inflation driven by proposed trade tariffs.