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Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd

The Nifty50 slipped 0.12% to close at 25,061 on Tuesday. Markets opened higher but pared gains as caution prevailed amid weak global cues and uncertainty over the US-India trade deal. Reports indicated that the fifth round of talks ended without a breakthrough, dimming hopes of an interim trade deal. The US delegation is expected to visit India in mid-August to resume negotiations. The broader markets underperformed, with the Nifty Midcap100 and Smallcap100 falling 0.6% and 0.3%, respectively. All sectoral indices ended in the red, led by Nifty Media (-2.3%) and PSU Banks (-1.6%). With no strong directional cues, the headline indices paused after recent gains, while sharp stock-specific moves dominated trade. On the macro front, India’s eight core industries grew by 1.7% in June, slightly higher than the 1.2% expansion in May.  Investors now await commentary from Fed Chair Powell later tonight for clues on the US rate trajectory. On the earnings front, key results scheduled for Wednesday include Infosys, SRF, Tata Consumer, Persistent Systems, Oracle, and Coforge. Markets are likely to stay range-bound in the near term, with focus on ongoing corporate earnings.

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