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Key gauges end lower on Thursday
Jul-10-2025

Indian equity benchmarks edged lower and lost nearly half a percent on the weekly expiry day due to weakness in TECK, Telecom and IT stocks. After a flat start, the markets gradually drifted lower as the session progressed and finally settled near the day’s lows, as investors remained cautious amid uncertainty surrounding India-US trade talks. However, a positive momentum in global equities restricted further loss in the domestic markets.  

Some of the important factors in today’s trade:

FTAs with Australia, UAE, UK to provide greater market access for domestic agri sector: Commerce and Industry Minister Piyush Goyal has said that free trade agreements (FTAs) with developed markets such as Australia, UAE and UK will provide greater market access for the domestic agri sector. 

NBFCs’ education loan growth to slow down by around 50% due to US headwinds: The rating agency Crisil has said that the growth of education loan for Indian non-banking finance companies (NBFCs) to slow down by 50% in FY26 owed to policy uncertainty in the United States. 

Rupee rises marginally against US Dollar: Indian rupee pared initial gains and settled for the day marginally higher against the US dollar, supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory.

India, Africa should create future defined not by power and dominance: Underlining that India values Africa's role in world affairs, Prime Minister Narendra Modi has said that the two sides must act together to create a future defined not by power and dominance, but by partnership and dialogue.

Positive global cues: European markets were trading higher as optimism prevailed about a potential trade deal between the U.S. and the European Union. Asian markets ended mostly higher, supported by hopes that global leaders will reach agreements to ease the impact of US President Donald Trump's new wave of tariffs.  

Finally, the BSE Sensex fell 345.80 points or 0.41% to 83,190.28 and the CNX Nifty was down by 120.85 points or 0.47% to 25,355.25. 

The BSE Sensex touched high and low of 83,742.28 and 83,134.97 respectively. There were 6 stocks advancing against 24 stocks declining on the index.

The broader indices ended mixed; the BSE Mid cap index was down by 0.28%, while Small cap index up by 0.12%.

The top gaining sectoral indices on the BSE were Realty up by 0.69%, Metal up by 0.40%, Oil & Gas up by 0.05% and Utilities up by 0.03%, while TECK down by 1.17%, Telecom down by 1.11%, IT down by 0.71%, Healthcare down by 0.50% and FMCG down by 0.47% were the top losing indices on BSE.

The top gainers on the Sensex were Maruti Suzuki up by 1.36%, Tata Steel up by 1.04%, Bajaj Finance up by 0.72%, Bajaj Finserv up by 0.65% and Trent up by 0.41%. On the flip side, Bharti Airtel down by 2.62%, Asian Paints down by 1.92%, Infosys down by 1.05%, Bharat Electronics down by 1.03% and Tech Mahindra down by 0.93% were the top losers.

Meanwhile, highlighting the strong macroeconomic fundamentals, T.K. Ramachandran, Secretary, Ministry of Ports, Shipping and Waterways, Government of India, has said that India has become the fourth-largest economy, having surpassed $4 trillion and is witnessing a rapid surge in foreign investments.

Secretary further said that with 100% FDI permitted under the automatic route in shipping and shipbuilding, and fiscal incentives offered by the International Financial Services Centre (IFSC) at GIFT City, India presents a compelling case for global maritime investors. Key benefits include a 10-year tax holiday, zero GST on ship imports, and no withholding tax on maritime transactions.
He also laid out India’s strategic priorities in the maritime domain and underlined the nation’s intent to emerge as a global maritime powerhouse. Besides, he said that ‘Under the visionary leadership of Prime Minister Narendra Modi, India is scripting a new era of maritime resurgence - anchored in sustainability, digital transformation, and global partnerships.

The Secretary outlined India’s efforts to modernise its port ecosystem through Public-Private Partnerships, with the current cargo handling capacity of 2,760 MTPA targeted to expand to around 3,500 MTPA by 2030 and around 10,000 MTPA by 2047. He underlined that India’s ports are not just trade gateways, but drivers of clean energy transitions, supporting offshore wind, green hydrogen, and low-carbon logistics.

The CNX Nifty traded in a range of 25,524.05 and 25,340.45. There were 12 stocks advancing against 38 stocks declining on the index.  

The top gainers on Nifty were Indusind Bank up by 1.56%, Maruti Suzuki up by 1.40%, Tata Steel up by 1.03%, Bajaj Finance up by 0.66% and Jio Financial Services up by 0.61%. On the flip side, Bharti Airtel down by 2.76%, Asian Paints down by 2.06%, HDFC Life Insurance down by 2.05%, Apollo Hospital down by 1.55% and Shriram Finance down by 1.37% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 95.07 points or 1.07% to 8,962.09, France’s CAC rose 49.67 points or 0.63% to 7,928.13 and Germany’s DAX gained 36.27 points or 0.15% to 24,585.83.

Asian markets ended mostly higher on Thursday, with the risk appetite amidst easing trade tensions and optimism surrounding potential interest rate cuts by Federal Reserve actions. Rally in technological sector stocks led gains in the indices. KOSPI index finished near four-year high, marking fourth straight sessional gain driven by optimism over domestic policy reforms and strong gains in semiconductor stocks.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,509.68

16.63

0.47

Hang Seng

24,028.37

136.05

0.57

Jakarta Composite

7,005.37

61.45

0.88

KLSE Composite

1,536.52

7.28

0.48

Nikkei 225

39,646.36

-174.92

-0.44

Straits Times

4,075.70

17.88

0.44

KOSPI Composite

3,183.23

49.49

1.55

Taiwan Weighted

22,693.25

166.24

0.73
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