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Benchmarks continue choppy trade in red terrain
Jul-14-2025

Indian equity benchmarks continued their choppy trade well below the unchanged lines in late afternoon session amid lingering uncertainty over U.S. President Donald Trump’s tariffs and India-U.S. bilateral trade deal. Moreover, Trump’s recent threats to impose 30 percent tariff on imports from Mexico and the European Union starting on August 1, have kept the investors on edge. Further, traders remained on sidelines after inflation based on wholesale price index (WPI) in India dropped to (-) 0.13% in the month of June, from 0.39% in May 2025, marking the first negative reading since the beginning of the year. Meanwhile, the small cap and mid cap indices have outshined the headline indices - Sensex and Nifty, reflected by BSE Small cap index gaining 0.35% and BSE Mid cap index surging 0.49%. 

On the global front, Asian equity markets are trading mostly in green after China's exports growth beat expectations in June. European equity markets were trading mostly in red after Trump threatened to impose a 30 percent tariff on European Union (EU) goods, raising concerns over a prolonged and deeper economic slowdown. Further escalating the trade tension, some reports suggested that, the EU has prepared a 21-billion-euro ($24.52 billion) tariff package targeting American goods if trade talks between the two sides collapsed. Back home, IT stocks came under pressure dragging the BSE IT index by 1.12% ahead of HCL Technologies’ Q1FY24 earning release.

The BSE Sensex is currently trading at 82117.87, down by 382.60 points or 0.46% after trading in a range of 82010.38 and 82537.87. There were 7 stocks advancing against 23 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index surged 0.49%, while Small cap index was up by 0.35%.

The top gaining sectoral indices on the BSE were Realty up by 1.29%, Healthcare up by 1.10%, Consumer discretionary up by 0.37%, Utilities up by 0.35%, FMCG up by 0.22%, while IT down by 1.21%, TECK down by 1.00%, Industrials down by 0.36%, Bankex down by 0.20%, Capital Goods down by 0.19% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 2.16%, Titan Company up by 1.10%, Sun Pharmaceutical Industries up by 0.91%, ITC up by 0.54% and Mahindra & Mahindra up by 0.52%. On the flip side, Bajaj Finance down by 1.89%, Infosys down by 1.83%, TCS down by 1.54%, Tech Mahindra down by 1.49% and Asian Paints down by 1.45% were the top losers.

Meanwhile, marking the first negative reading since the beginning of the year, inflation based on wholesale price index (WPI) in India dropped to (-) 0.13% in the month of June, from 0.39% in May 2025, due to decrease in prices of electricity, mineral oils, coal, crude petroleum & natural gas etc. It was 0.85% in April 2025. 

The component wise, primary articles index, having weight of 22.62%, increased by 0.81% to 185.8 (provisional) in June 2025 from 184.3 (provisional) for the month of May 2025, due to rise in prices of minerals, non-food articles and food articles. However, the price of crude petroleum & natural gas decreased in June 2025 as compared to May 2025.

Fuel & Power index, having weight of 13.15%, declined by 2.52% to 143.0 (provisional) in June 2025 from 146.7 (provisional) for the month of May 2025, as the prices of electricity, mineral oils and coal decreased in June 2025 as compared to May 2025.

Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, declined by 0.07% to 144.8 (provisional) in June 2025 from 144.9 (provisional) for the month of May 2025. Meanwhile, for the month of April, 2025, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 154.2 and 0.85% respectively.

The CNX Nifty is currently trading at 25043.90, down by 105.95 points or 0.42% after trading in a range of 25001.95 and 25151.10. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Eternal up by 2.32%, Titan Company up by 1.08%, Sun Pharmaceutical Industries up by 1.00%, ONGC up by 0.99% and Indusind Bank up by 0.95%. On the flip side, JIO Financial Services down by 2.07%, Wipro down by 2.01%, Bajaj Finance down by 1.92%, Infosys down by 1.86% and TCS down by 1.59% were the top losers.

Asian markets are trading mostly in green; Hang Seng advanced 63.75 points or 0.26% to 24,203.32, Jakarta Composite gained 49.71 points or 0.71% to 7,097.15, KOSPI increased 26.26 points or 0.82% to 3,202.03, Straits Times rose 16.65 points or 0.41% to 4,104.46 and Shanghai Composite strengthened 9.47 points or 0.27% to 3,519.65, while Nikkei 225 slipped 110.06 points or 0.28% to 39,459.62 and Taiwan Weighted lost 136.06 points or 0.6% to 22,614.97.

European markets were trading mostly in red; France’s CAC fell 42.14 points or 0.54% to 7,787.15 and Germany’s DAX lost 176.61 points or 0.73% to 24,078.70, while UK’s FTSE 100 increased 34.27 points or 0.38% to 8,975.39.

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