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Ola Electric, Tata Steel, Union Bank of India, CAMS, Zee Entertainment Enterprises Ltd, Dixon Technologies (India), Gujarat Pipavav Port, JSW Steel and more are the stocks to watch for today.

China’s June CPI up 0.1% YoY vs Poll of 0.1% decline.

China PPI down 3.65% YoY vs 3.2% fall

India could gain from recent US tariff actions, as it was not among the 14 countries facing new duties. Experts see this as a sign of a potential trade deal. Rob Subbaraman of Nomura said India’s exclusion “does suggest a deal could be very close.” BNP Paribas’ Chandresh Jain noted that markets have priced in most US fiscal concerns and are now focused on the Fed.

In a move that could bring significant relief to India’s pharmaceutical sector, the Goods and Services Tax (GST) Council is likely to consider a clarificatory relief on the availability of Input Tax Credit (ITC) on free drug samples provided by pharma companies to doctors and hospitals.

ACMA President Shradha Suri Marwah has advised India’s auto component sector to prioritise the expanding domestic market instead of being overly concerned about export challenges. She emphasised the growth potential within India during an interview with CNBC-TV18.

WeWork India’s public issue is back on track. The Securities and Exchange Board of India (SEBI) has removed the coworking major’s draft IPO papers from its abeyance list and is now actively re-evaluating the company’s DRHP, according to an update on SEBI’s website. FSSAI has issued strict directives to e-commerce platforms selling food products, warning of strong action against non-compliance with food safety norms. The move aims to tighten oversight and improve safety standards in the online food marketplace.

Gautam Duggad, Head of Research, Institutional Equities at Motilal Oswal Financial Services, is doubling down on discretionary consumption, midcaps, and defence as key pillars of the investment strategy for 2025-26 (FY26).

India’s kharif sowing season is off to an early but nuanced start, thanks to favourable monsoon patterns and shifting economic incentives for farmers. According to Sumit Gupta, CEO of WASEDA Global Commodities, this year’s planting surge is more about timing than quantity. “What we are witnessing at the moment is early sowing, not more sowing,” he said, highlighting that the 2025 monsoon arrived a week early and was preceded by one of the wettest Mays in 50–60 years.

According to Bloomberg data, Indian Hotels trades at a premium, valued at 47.7 times its one-year forward earnings. In comparison, some of India’s biggest car makers are trading at – Tata Motors (11 times) and Maruti Suzuki (23 times) – their estimated earnings for the financial year ending March 2026.

Gujarat Pipavav Port Limited on Tuesday (July 8) released its operational update for the quarter that ended June 30, 2025 (Q1 FY26).

State-owned Union Bank of India on Tuesday (July 8) reported a 5% year-on-year growth in total business for the quarter ended June 30, 2025 (Q1 FY26), reaching ₹22.1 lakh crore, compared to ₹21.08 lakh crore in the same quarter last year.

Oil steadied as traders weighed signs of swelling US crude stockpiles and the fallout from President Donald Trump’s tariff regime.

Asian shares opened cautiously as investors held back from taking risky bets after President Donald Trump ruled out extending his August deadline. Copper futures fell on Trump’s tariff threat.

Shares in Japan rose and those in Australia fell while a broader gauge of Asian shares dipped 0.1%.

Copper futures in New York gained as much as 17% overnight after US President Donald Trump threatened to impose a 50% tariff on imports of the commodity, sparking fears of a big supply chain disruption.

Shares of India’s drugmakers, led by Sun Pharma Ltd., along with Lupin Ltd., Cipla Ltd., Aurobindo Pharma Ltd, Gland Pharma Ltd., and Dr. Reddy’s Laboratories Ltd,. among other names may see a reaction on Wednesday, July 9, after US President Donald Trump threatened to impose a 200% tariff on pharmaceutical imports into the US.

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