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Key gauges continue to trade lower in morning deals
Jul-14-2025

Indian equity benchmarks continued to trade lower in morning deals, amid selling pressure in TECK, IT and Consumer Durables stocks and foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,104.22 crore on Friday, according to exchange data. Some concern also came as the government data showed that net direct tax collection fell 1.34 per cent to about Rs 5.63 lakh crore till July 10 of the current financial year, mainly on account on higher refunds. However, losses remain capped as a report by SBI Research stated that even as India and the United States move closer to concluding a long-anticipated trade agreement, India has significant room to grow its exports, regardless of whether the deal delivers all it promises. On the global front, Asian markets are trading mostly in green as investors digested Donald Trump's latest trade war salvos that saw him threaten to hit the European Union and Mexico with 30 percent tariffs.  

The BSE Sensex is currently trading at 82316.13, down by 184.34 points or 0.22% after trading in a range of 82109.44 and 82537.87. There were 14 stocks advancing against 16 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.59%, while Small cap index was up by 0.43%.

The top gaining sectoral indices on the BSE were Metal up by 0.91%, Utilities up by 0.91%, Power up by 0.69%, Healthcare up by 0.63% and Basic Materials up by 0.63%, while TECK down by 0.67%, IT down by 0.63%, Consumer Durables down by 0.08% and Telecom down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.14%, SBI up by 0.73%, Adani Ports &SEZ up by 0.72%, Mahindra & Mahindra up by 0.65% and Sun Pharma up by 0.57%. On the flip side, Infosys down by 1.20%, Tech Mahindra down by 1.15%, HCL Technologies down by 1.13%, Bajaj Finance down by 1.11% and Bharti Airtel down by 0.72% were the top losers.

Meanwhile, Union Minister for Coal and Mines, G Kishan Reddy has said that the Centre is trying to make available technology in three to four months to different private factories to ramp up rare earth magnets production in India. Reddy stated ‘We used to be 100% dependent on China for permanent magnets of the rare earths. But recently, China has refused to supply. With this view, the Indian government is making efforts for permanent magnet manufacturing.’

He mentioned ‘Our mining ministry's institute in Hyderabad has made efforts and prepared a permanent magnet processing unit with equipment. After three to four months, we will try to manufacture permanent magnets by giving the technology to different private factories. For this, the Indian government has also started some PLI schemes to encourage it. We are paying attention to this subject.’ Moreover, he said that PM Modi has continuously discussed the production of magnets in India.

Further, he said ‘Recently, during his (PM Modi) visit to 5 countries, discussions were held with different countries on this subject. The raw material of rare earth is also available in less quantity in India. Importing that raw material, processing it, making permanent magnets for it, which is used from cell phones to space technology, including defence, there is a huge demand for this. The Indian government is working seriously for this. This scheme has also been brought under it.’

The central government earmarked Rs 1,345 crore to incentivise rare earth magnets production in India, aimed at building domestic capacity when there are reports of global short supply. Early this April, China announced a decision to implement export controls on certain rare earth-related items, pushing a supply shortage across the world, including India.

The CNX Nifty is currently trading at 25086.80, down by 63.05 points or 0.25% after trading in a range of 25041.90 and 25151.10. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 1.63%, Eternal up by 1.33%, Grasim Industries up by 1.14%, Indusind Bank up by 1.12% and Adani Ports &SEZ up by 0.96%. On the flip side, Eicher Motors down by 1.43%, Bajaj Finance down by 1.23%, Infosys down by 1.21%, HCL Technologies down by 1.02% and Wipro down by 0.99% were the top losers.

Asian markets are trading mostly in green; Hang Seng advanced 26.46 points or 0.11% to 24,166.03, KOSPI increased 19.32 points or 0.61% to 3,195.09, Straits Times rose 13.87 points or 0.34% to 4,101.68, Jakarta Composite gained 39.96 points or 0.57% to 7,087.40 and Shanghai Composite strengthened 15.22 points or 0.43% to 3,525.40.

On the flip side, Nikkei 225 slipped 1.35 points or 0% to 39,568.33 and Taiwan Weighted lost 161.96 points or 0.71% to 22,589.07.
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