Date: 10-July-2025 Indian equity market to open flat as the US markets rebounded led by tech sector, as Nvidia reached a major milestone and investors monitored the latest tariff updates from President Donald Trump.

US Market The broad market benchmark S&P500 climbed 0.61%, and the Nasdaq Composite advanced 0.95%. The Dow Jones Industrial Average added 217 points, or 0.49%. On Wednesday, Trump sent letters dictating new U.S. tariff rates on goods from at least six more countries, including the Philippines and Iraq. Trump on Tuesday stateside also announced a 50% levy on copper imports and indicated that further sector-specific tariffs will come soon. He also threatened to impose tariffs of up to 200% on pharmaceutical exports into the U.S., but said he will “give people about a year, year and a half” before the duties go into effect.

Asia-Pacific Markets Asia-Pacific markets traded mixed Wednesday after U.S. President Donald Trump ruled out a deadline extension on tariffs set to kick off on Aug. 1.

Nifty Outlook Nifty 50 closed 46 points lower at 25,476. Despite the lack of directional strength, both indices consistently held above their short-term moving averages (10-day and 20-day EMAs). The Nifty 50 has been trading within a 25,300–25,600 range for the past seven consecutive sessions. A decisive move above 25,600 could drive the index toward 25,700–25,800, while a breakdown below 25,300 would bring 25,200–25,000 into focus.

Bank Nifty Outlook Bank Nifty declined by 43 points to 57,214. If the Bank Nifty sustains above 57,300, a rally toward 57,500–57,700 can't be ruled out, however, immediate support lies at 57,000–56,800, with 56,600 acting as a key support zone.

Sensex Outlook Sensex closed 176 points lower at 83,536. Resistance lies at 84,000-84,100;while support level is at 83,000-82,887.

Bankex Outlook Bse Bankex closed mildly down at 63,969. Resistance is at 64,300 with support at 63,560.