IGI Logo

Below the Quote on Morning Market Views 09 July 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

"A significant takeaway from the recent global market trends is that the markets are largely ignoring the noise from the tariff front and are waiting for clarity to emerge. President Trump’s latest declarations of 50% tariffs on copper imports, 10% tariffs for just being in BRICS, no further extension of the August 1st deadline and a potential 200 % tariffs on pharmaceutical imports with a grace period of one year …are all not taken seriously by the markets since Trump has a track record of chickening out and changing his announcements. In brief the markets are waiting for clarity to emerge on the trade front. Therefore, Nifty is likely to continue in the range in which it has been trading. 

Perhaps, more important from the market perspective in the near-term will be the Q1 results. Midcaps are likely to continue with the earnings growth momentum of Q4 FY25. Largecaps are likely to slowly improve earnings growth, but nothing dramatic is on the cards. Banking names will report better number in H2 FY 26 rather than Q1. Cement segment is showing some green shoots."

Above views are of the author and not of the website kindly read disclaimer