INDIA STOCKS-Indian shares set for higher open on trade, earnings optimism

July 10 (Reuters) - India's stock benchmarks are poised to open higher on Thursday, supported by expectations of a trade deal with the United States and optimism over June-quarter corporate earnings.

The Gift Nifty futures GIFc1 were trading at 25,558.5 points, as of 7:35 a.m. IST, indicating that the Nifty 50 .NSEI will open above Wednesday's close of 25,476.1.

Asian markets inched higher at the open, chiming with overnight gains on Wall Street after U.S. President Donald Trump issued final tariff notices to seven minor trading partners. MKTS/GLOB

Investors await further developments as the Trump administration moves closer to a deal with its largest trading partner, the European Union. Earlier this week, the U.S. President also indicated that a deal with India was near.

Both the Nifty and Sensex indexes have remained stable so far this week. .BO

"It appears that markets are in wait-and-watch mode, seeking clarity from U.S. trade tariff developments and the start of the corporate earnings season, the key near-term directional triggers," said Rajesh Bhosale, analyst at Angel One.

As investors await an India-U.S. trade deal, focus is shifting to domestic earnings and structural growth drivers such as a likely rebound in urban demand and rising infrastructure-led spending, two analysts said.

Tata Consultancy Services TCS.NS, India's top information technology company, is scheduled to report its June-quarter results after market hours on Thursday.

STOCKS TO WATCH

Ambuja Cements ABUJ.NS says its subsidiary ACC ACC.NS commissions a grinding unit in Jharkhand with a capacity of 1.5 million tons per annum, increasing the total installed cement capacity to 104.45 MTPA

Emcure Pharmaceuticals EMCU.NS says U.S. drug regulator concludes pre-approval inspection at its oncology manufacturing facility in Gujarat with zero observations

IDBI Bank IDBI.NS will be in focus after Reuters reported that the Indian government will complete its stake sale in the lender by October, citing government sources.

Enviro Infra Engineers ENVI.NS, in a joint venture, receives an order worth 3.95 billion rupees from Maharashtra Industrial Development Corporation