By earn 
GIFT NIFTY opened 1 points lower at 24,619 signalling that the Indian stock market is headed for a muted start today.
World stock indexes and Treasury yields rose as investors considered the possibility of Donald Trump winning the U.S. presidential race after surviving an assassination attempt. The dollar fell following remarks from Federal Reserve Chair Jerome Powell. Longer-dated U.S. bond yields increased due to expectations of higher government debt and inflation under Trump’s policies.
The volatility index – India VIX surged 3.37% to the level of 14.19 indicating increased volatility in the market.
*India’s trade deficit narrows in June; exports fall to 7-month low*
Growth in India’s merchandise exports fell to 2.6 per cent year-on-year in June from 13.5 per cent in May amid overseas muted demand. They plummeted to a seven-month low in June to $35.2 billion, the data released by the Department of Commerce showed. Merchandise imports expanded by 4.9 per cent to $56.18 billion due to a jump in inbound shipments of items such as petroleum products, electronic goods, and metals. The trade deficit narrowed to $20.98 billion in June as compared to a seven-month high of $22 billion in May, but widened from the $19.2 billion in June last year. Commerce Secretary Sunil Barthwal said if inflation fell globally and growth sustained, then trade would sustain. However, India will have to remain cautious of the existing geopolitical conflict or a new one if it arises. “Going by the ongoing situation, we will be crossing exports of $800 billion (goods and services) this financial year. The quarterly figures are optimistic. Services exports are growing in a sustained manner,” Barthwal told reporters in a briefing.
