Stock market on July 14: Here are 5 things to know before opening bell

The Indian equity benchmarks are set to open on a flat note as indicated by subdued cues from NIFTY futures traded at Gift City in Ahmedabad. NIFTY futures at Gift City also known as Gift NIFTY futures fell 2 points to 25,190 amid lacklustre cues from global markets.

Asian markets

Asian markets were trading on a subdued note as latest round of threats in the US tariff wars kept investors on the side lines. US President Donald Trump on Saturday said he would impose a 30% tariff on most imports from the EU and Mexico from August 1, even as they are locked in long negotiations.

The European Union said it would extend a suspension of countermeasures to US tariffs until early August and continue to press for a negotiated settlement, though Germany's finance minister called for firm action if the levies went ahead, news agency Reuters reported.

Japan's Nikkei fell 0.37% and Australia's S&P/ASX 200 was trading flat while Hong Kong's Hang Seng rose 0.42% and South Korea's KOSPI advanced 0.2%.

US markets

US stocks declined from all-time highs and left major stock indexes on Wall Street in the red for the week.

The S&P 500 closed 0.3% lower a day after setting a record high. The benchmark index’s loss for the week followed two straight weekly gains.

The Dow Jones Industrial Average dropped 0.6%, and the Nasdaq composite gave up 0.2% after drifting between small gains and losses much of the day. The tech-heavy index was coming off its own all-time high on Thursday.

Trump tariffs update

President Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal, according to news agency Reuters.

In an escalation of a trade war that has angered US allies and rattled investors, Trump announced the latest tariffs in separate letters to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum that were posted on his Truth Social media site on Saturday.

FII/DII activity

Foreign institutional investors (FIIs) sold shares worth ₹5,104 crore on Friday while domestic institutional investors bought shares worth ₹3,559 crore.

FIIs sold index futures worth ₹3,537 crore while they sold index options worth ₹3,242 crore.

Trade setup

NIFTY50 closed the previous week with over 1.2% losses amid weak global market sentiment and a not-so-great start to the Q1FY26 earnings season. The weak commentary by TCS led to sharp fall in IT stocks on Friday making them top sectoral loser for the week. Meanwhile, managerial changes in HUL made it the top gainer for the week.

On technical charts, the daily charts show NIFTY50 breaking the key support of the 21 EMA levels at 25,260, indicating bearish momentum in the index. Experts believe that a closing above the current levels of 25,260 is crucial for the index to revert to bullish momentum.