HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Bourses continue sluggish trade in early afternoon session
Jul-14-2025

Indian markets continued their sluggish trade in early afternoon session amid ongoing earning season. Besides, India’s retail inflation data is going to be out later in a day. Traders took a note of the report that wholesale price inflation (WPI) declined to (-) 0.13 per cent in June as fuel saw deflation, along with easing in manufactured product costs. WPI-based inflation was 0.39 per cent in May. It was 3.43 per cent in June last year. Negative rate of inflation in June, 2025 is primarily due to decrease in prices of mineral oils, manufacture of basic metals, crude petroleum & natural gas etc.  On the global front, Asian markets were trading mostly in green as China's exports growth exceeded expectations and imports rebounded in June. Exports increased 5.8 percent year-on-year in June. This was stronger than the 4.8 percent increase in May and the street forecast of 5.0 percent.

The BSE Sensex is currently trading at 82139.38, down by 361.09 points or 0.44% after trading in a range of 82059.01 and 82537.87. There were 11 stocks advancing against 19 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.55%, while Small cap index was up by 0.25%.

The top gaining sectoral indices on the BSE were Healthcare up by 1.03%, Realty up by 0.95%, Utilities up by 0.93%, Power up by 0.41% and Oil & Gas was up by 0.39%, while IT down by 1.34%, TECK down by 1.22%, Industrials down by 0.45%, Capital Goods down by 0.44% and Telecom was down by 0.33% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 2.83%, Sun Pharma up by 0.93%, Titan Company up by 0.73%, ITC up by 0.50% and Mahindra & Mahindra up by 0.50%. On the flip side, Tech Mahindra down by 2.07%, Infosys down by 1.74%, HCL Tech down by 1.55%, TCS down by 1.54% and Bajaj Finance down by 1.41% were the top losers.

Meanwhile, deepening the bilateral relationship with India, the Switzerland has completed the ratification process for a landmark trade deal between India and the European Free Trade Association (EFTA) which would reduce trade barriers and significantly open up the Indian market to Swiss exports. Earlier, Iceland, Liechtenstein and Norway have already ratified the trade deal. Further, over the next 15 years, the EFTA States of Iceland, Liechtenstein, Norway and Switzerland are likely to invest $100 billion and create one million jobs in India, through this trade pact. Besides, the Trade and Economic Partnership Agreement (TEPA) which paves the way for long-term cooperation between Indian and EFTA countries is expected to come into force in October. Along with reducing the tariffs, the TEPA will help streamline customs procedures, enhance intellectual property protections and establish a framework for sustainable trade practices.

Over the last 25 year, the Swiss investments in India have grown exponentially, rising from CHF (Swiss Franc) 551 million (around Rs 5,935 crore) in 2000 to CHF 10 billion (Rs 1,07,736 crore) in 2024. Also, more than 330 Swiss companies are present in India in sectors such as engineering, services, precision instruments, chemicals and pharmaceuticals, while Indian companies are present in Switzerland in sectors such as IT, pharmaceuticals and machinery. The Swiss Ambassador to India Maya Tissafi has noted that the Swiss government is partnering with business associations in Switzerland and India and with Indian authorities at the central and state levels. She emphasized the opening of the EFTA Desk in February as one of the measure that facilitates investments from EFTA countries in India.

Further, the multi-sectoral cooperation covers diverse areas, including diplomacy, economy, trade and investment, education, research and innovation, skills development, vocational education and training, development, climate change and disaster-risk reduction, and culture. In October 2023, Swiss-Indian Innovation Platform was launched, which connects Indian Institutes of Technology (IITs) and Swiss technical high schools and universities with leading private companies from both countries to foster strategic innovation partnerships. Swiss companies have been operating in India in the machine, electrical engineering and metals (MEM) and precision sectors, as well as in services, information, communication, software, med-tech and construction, among other sectors.

The CNX Nifty is currently trading at 25043.90, down by 105.95 points or 0.42% after trading in a range of 25019.75 and 25151.10. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were Eternal up by 2.87%, Sun Pharma up by 0.94%, Adani Enterprises up by 0.86%, Apollo Hospital up by 0.67% and ONGC up by 0.62%. On the flip side, Wipro down by 2.23%, Tech Mahindra down by 2.10%, JIO Financial down by 1.72%, Infosys down by 1.71% and TCS down by 1.61% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 67.46 points or 0.28% to 24,207.03, Jakarta Composite gained 34.23 points or 0.48% to 7,081.67, KOSPI increased 26.26 points or 0.82% to 3,202.03, Straits Times rose 15.84 points or 0.39% to 4,103.65 and Shanghai Composite was up by 13.48 points or 0.38% to 3,523.66. On the flip side, Nikkei 225 slipped 110.06 points or 0.28% to 39,459.62 and Taiwan Weighted was down by 136.06 points or 0.6% to 22,614.97.
  RELATED NEWS >>
Most Viewed >>
July 04 , 2025
DSP MF breaks new ground with India’s first re
July 05 , 2025
GoM on GST meets to take up falling mop up, cu
July 05 , 2025
Moderate expectations on market returns; insur
July 03 , 2025
Rate cut not fully priced in: Invesco MF
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.