India's Equity Benchmarks Set for Flat Start Amid Asian Market Trends

()- India's stock indices are expected to open almost flat, following other Asian markets, with investors still keeping an eye on global trade tariff uncertainties.

The Gift Nifty futures were valued at 25,186 points by 8:13 a.m. IST, suggesting that the Nifty 50 is expected to open near Friday's closing level of 25,149.85.

The MSCI's most comprehensive index of Asian-Pacific stocks excluding Japan remained unchanged during the session. [MKTS/GLOB]

On Saturday, U.S. President Donald Trump announced his intention to implement a 30% tax on majority of goods coming from the European Union and Mexico starting August 1, despite ongoing extended talks with both nations.

The Indian stock market indices dropped approximately 1.2% during the previous week due to concerns regarding a possible U.S. trade agreement and disappointing financial performance from Tata Consultancy Services, India's leading software company.

Investors will continue to pay attention to the earnings period as HCL Technologies, Ola Electric Mobility, Tata Technologies, and several other firms are set to release their financial results for the day.

In the meantime, a report published by Moneycontrol indicated that Jane Street, based in the U.S., has placed 48.44 billion rupees ($564.38 million) into an escrow account, adhering to a crucial regulatory requirement that might enable it to operate within India's stock market. The information could not be verified right away.

Jane Street did not promptly reply to an email requesting verification of the information.

The regulatory authority's restriction on the Wall Street firm Jane Street caused reduced activity in the nation's options market during the previous week, affecting the stock prices of exchange operator BSE and brokerage companies.

STOCKS TO WATCH

Avenue Supermarts, a supermarket chain operator, announces a slight drop in profits for the first quarter, with increased operational expenses and growing rivalry from fast-commerce companies impacting their profitability.

**VIP Industries states that Chairman Dilip Piramal and his family have entered into an agreement with the Multiples Consortium to sell up to a 32% shareholding in the company, prompting an open offer.**

NCC secures an order worth 22.69 billion rupees ($264.36 million) from the Mumbai Metropolitan Region Development Authority.

(1 USD = 85.8300 Indian Rupees)

(Author: Vivek Kumar M; Edited by Rashmi Aich)