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EQUITY
Post Session: Quick Review
Jul-11-2025

Indian equity benchmarks ended near day’s low points on Friday, with both the Nifty and Sensex closing with significant losses weighed down by heavy selling in IT and TECK stocks following lower-than-expected Q1 earnings from Tata Consultancy Services (TCS). Markets made gap-down opening and remained under pressure throughout the session, amid uncertainty surrounding US President Donald Trump's trade policies, as he continues to threaten elevated tariffs across various sectors and countries.

Some of the important factors in today’s trade:

Private asset reconstruction companies' AUM to decline by up to 6% in FY26: Traders took a note of domestic ratings agency Crisil’s statement that private asset reconstruction companies' assets under management (AUM), measured in terms of security receipts, is set to decline by up to 6 per cent in FY26 to Rs 1.05 lakh crore as redemptions are outpacing acquisitions. 

India needs to increase exports to become world’s third-largest economic power: Traders took note of Minister of State for Ports, Shipping and Waterways Shantanu Thakur has said that the country will have to increase its exports to become the world’s third-largest economic power, and the shipping and waterways sector will play a vital role in enhancing exports.

Foreign fund inflow: Traders overlooked exchange data showed Foreign Institutional Investors (FIIs) bought equities worth Rs 221.06 crore on Thursday.

Global front: European markets were trading in red after U.S. President Donald Trump announced a 35 percent tariff on Canadian imports, starting August 1. Asian markets ended mostly in green even as Malaysia's industrial output growth moderated for the second straight month in May. Industrial production rose 0.3 percent year-over-year in May, much slower than the 2.7 percent increase in the previous month.  

The BSE Sensex ended at 82500.47, down by 689.81 points or 0.83% after trading in a range of 82442.25 and 83040.74. There were 8 stocks advancing against 22 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 0.65%, while Small cap index down by 0.70%. (Provisional)

The few gaining sectoral indices on the BSE were FMCG up by 0.45% and Healthcare up by 0.17%, while TECK down by 1.85%, Auto down by 1.72%, IT down by 1.65%, Oil & Gas down by 1.28% and Energy down by 1.23% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Hindustan Unilever up by 4.64%, Axis Bank up by 0.64%, Sun Pharma up by 0.41%, NTPC up by 0.21% and Ultratech Cement up by 0.18%. On the flip side, TCS down by 3.46%, Mahindra & Mahindra down by 3.03%, Tata Motors down by 2.52%, Bharti Airtel down by 2.04% and HCL Technologies down by 1.76% were the top losers. (Provisional)

Meanwhile, the International Monetary Fund’s (IMF) Fintech Note titled 'Growing Retail Digital Payments: The Value of Interoperability' has said that India now makes faster payments than any other country with the quick growth of Unified Payments Interface (UPI), and the usage of other instruments, including debit and credit cards, is on the decline. Unified Payments Interface is an instant and real-time payment system developed by NPCI to facilitate inter-bank transactions through mobile phones.

It said that since its launch in 2016, UPI has grown quickly, while some proxies for cash usage have begun to decline. UPI now processes more than 18 billion transactions per month and dominates other electronic retail payments in India. The note presents evidence consistent with this framework using granular data covering the universe of transactions on India's UPI, an interoperable platform that has become the world's largest retail fast payment system by volume. It said that interoperable payment systems, such as UPI, are alternatives to closed-loop systems that could also foster the adoption of digital payments. Such systems allow for seamless payments between users of different payment providers. It said ‘Importantly, total digital payments also rise relative to a proxy for cash usage.’ Further, it said that estimating cash usage is difficult because cash transactions can occur anonymously and may not be recorded in any ledger, especially in the informal sector.

It said ‘However, we can approximate cash usage with the value of automated teller machine (ATM) withdrawals in each district. When we measure the impact of integration on transaction values relative to cash withdrawals, we find a very similar picture.’ It added This evidence suggests that interoperability can indeed support the adoption of digital payments and encourage a transition away from cash.

The CNX Nifty ended at 25149.85, down by 205.40 points or 0.81% after trading in a range of 25129.00 and 25322.45. There were 11 stocks advancing against 39 stocks declining on the index. (Provisional)

The top gainers on Nifty were Hindustan Unilever up by 4.63%, SBI Life Insurance up by 1.38%, Sun Pharma up by 0.71%, Indusind Bank up by 0.64% and Axis Bank up by 0.63%. On the flip side, TCS down by 3.47%, Mahindra & Mahindra down by 2.89%, Bajaj Auto down by 2.83%, Hero MotoCorp down by 2.74% and Wipro down by 2.62% were the top losers. (Provisional)

European markets were trading lower; Germany’s DAX lost 237.23 points or 0.97% to 24,219.58, France’s CAC fell 68.72 points or 0.87% to 7,833.53 and UK’s FTSE 100 decreased 43.03 points or 0.48% to 8,932.63.

Asian markets ended mostly higher on Friday tracking Wall Street’s gains overnight as investors cheered by data that showed weekly jobless claims unexpectedly slipped to a seven-week low. Hong Kong shares jumped, with EV and technology shares surging on China's stimulus pledge ahead of a highly anticipated Politburo meeting. However, some gains were limited as investors stayed cautious after US President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners that haven't got letters yet. The US President also said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,510.18

0.50

0.01

Hang Seng

24,139.57

111.20

0.46

Jakarta Composite

7,047.44

42.07

0.60

KLSE Composite

1,536.07

-0.45

-0.03

Nikkei 225

39,569.68

-76.68

-0.19

Straits Times

4,087.81

12.11

0.30

KOSPI Composite

3,175.77

-7.46

-0.23

Taiwan Weighted

22,751.03

57.78

0.25
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