Overview

• The United States and the European Union confirmed a framework imposing 15% tariffs on most EU imports, easing trade tensions after months of threats
• Market participants are awaiting Federal Reserve Chair Jerome Powell’s commentary following an anticipated decision to maintain interest rates
• A wave of Q1 earnings from major U.S. tech firms and Indian blue chips is set to shape investor sentiment through the week
• Foreign institutional investors flipped to net sellers in July, withdrawing approximately ₹28,500 crore from Indian equity markets
• India’s Nifty index is confined to a 24,600–25,150 trading range and pharma stocks are driving outperformance