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Markets continue to trade lower in late afternoon session
Jul-10-2025

Indian equity markets continued to trade choppy well below the neutral lines in late afternoon session. The choppy trade prevailed as traders remained cautious and await for more clues over anticipated trade deal between U.S. and India. While, the broader markets remained under selling pressure, the small caps have managed to hold their ground gaining just 0.02%. Besides, metal stocks have shown considerable up move with Tata Steel, JWS steel lifting the BSE metal index by 0.68% despite U.S. President Donald Trump announcing 50% tariffs on copper imports, to be effective from August 1.

On the global front, Asian equity markets are trading mostly in green despite uncertainty over U.S. President Donald Trump's tariff. European equity markets were trading higher as optimism prevailed about a potential trade deal between the U.S. and the European Union.

The BSE Sensex is currently trading at 83312.01, down by 224.07 points or 0.27% after trading in a range of 83151.65 and 83742.28. There were 11 stocks advancing against 19 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index fell 0.29%, while Small cap index was up by 0.02%.

The few gaining sectoral indices on the BSE were Metal up by 0.68%, Realty up by 0.41%, Oil & Gas up by 0.04%, Utilities up by 0.02%, while TECK down by 1.17%, Telecom down by 1.12%, IT down by 0.83%, Capital Goods down by 0.61%, Healthcare down by 0.41% were the top losing indices on BSE.

The top gainers on the Sensex were Maruti Suzuki up by 1.55%, Tata Steel up by 1.42%, Bajaj Finserv up by 0.92%, Bajaj Finance up by 0.86% and Tata Motors up by 0.45%. On the flip side, Bharti Airtel down by 2.23%, Bharat Electronics down by 1.36%, Asian Paints down by 1.30%, Infosys down by 1.22% and Tech Mahindra down by 1.20% were the top losers.

Meanwhile, Union Power Minister Manohar Lal has said that the share of renewable energy in India's total installed power capacity has reached nearly half and by the end of the year, the country is expected to meet the 50 per cent target. He said India has set the target to achieve 50 per cent of its total power generation capacity from non-fossil fuel sources by 2030.

The minister said the government is aware that solar and wind capacities will be needed to meet the country's growing power demand and several achievements have been made in this area. He further said energy storage systems will be needed to stabilise the grid, optimise power generation and ensure round-the-clock supply of clean energy. 

According to official data, India's total installed power generation capacity was at 475.590 GW as of May 31, 2025. Of the total, 235.53 GW is from non-fossil fuel sources, including wind, solar and nuclear. As part of the updated enhanced Nationally Determined Contributions (NDCs) submitted to the UNFCCC (United Nations Framework Convention on Climate Change) in August 2022, India has committed to reducing its emissions intensity by 45 per cent by 2030 (compared to 2005 levels), achieving 50 per cent of cumulative electric power capacity from non-fossil fuel sources by 2030.  

The CNX Nifty is currently trading at 25406.80, down by 69.30 points or 0.27% after trading in a range of 25357.10 and 25524.05. There were 17 stocks advancing against 33 stocks declining on the index.

The top gainers on Nifty were Indusind Bank up by 1.56%, Tata Steel up by 1.48%, Maruti Suzuki up by 1.47%, Bajaj Finserv up by 0.90% and Jio Financial Services up by 0.80%. On the flip side, Bharti Airtel down by 2.33%, HDFC Life Insurance down by 1.44%, Asian Paints down by 1.33%, Bharat Electronics down by 1.25% and Infosys down by 1.19% were the top losers.

Asian markets are trading mostly in green; Hang Seng advanced 136.05 points or 0.57% to 24,028.37, Jakarta Composite gained 64.58 points or 0.92% to 7,008.50, KOSPI increased 49.49 points or 1.55% to 3,183.23, Taiwan Weighted added 166.24 points or 0.73% to 22,693.25, Straits Times rose 15.87 points or 0.39% to 4,073.69 and Shanghai Composite strengthened 16.63 points or 0.47% to 3,509.68, while Nikkei 225 slipped 174.92 points or 0.44% to 39,646.36.

European markets were trading higher; UK’s FTSE 100 increased 98.7 points or 1.1% to 8,965.72, France’s CAC rose 53.23 points or 0.67% to 7,931.69 and Germany’s DAX gained 58.29 points or 0.24% to 24,607.85.

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