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Key indices extend losing run to fourth straight day
Jul-14-2025

Indian equity benchmarks extended the losing run to the fourth straight day on Monday amid selling in IT and TECK shares. A subdued start to the earnings season, foreign fund outflows and delay in any breakthrough in the India-US trade deal further pressured the markets.

Some of the important factors in today’s trade:

Wholesale price inflation turns negative in June: The government data showed Wholesale price inflation (WPI) declined to (-) 0.13 per cent in June as prices of food articles and fuel saw deflation, along with easing in manufactured product costs. 

Rupee falls against US Dollar: Indian rupee depreciated against the US dollar amid a rise in global crude oil prices and a strengthening greenback.  

Electronics, pharma sectors corner 70% of PLI disbursements in FY25: The government data has showed that large-scale electronics manufacturing and pharmaceuticals cornered about 70 per cent of the total fiscal incentive disbursements in 2024-25 under the production-linked incentive (PLI) schemes. 

Switzerland completes ratification process for India-EFTA trade pact: 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.

Global front: European markets were trading mostly in red as trade war worries escalated after U.S. President Donald Trump threatened over the weekend that he would impose a 30% tariff on EU imports from August 1. Asian Markets ended mostly higher, as customs data showed China's overall exports jumped 5.8 percent in June year-on-year in U.S. dollar terms

Finally, the BSE Sensex fell 247.01 points or 0.30% to 82,253.46 and the CNX Nifty was down by 67.55 points or 0.27% to 25,082.30. 

The BSE Sensex touched high and low of 82,537.87 and 82,010.38 respectively. There were 10 stocks advancing against 20 stocks declining on the index.

The broader indices ended in green; the BSE Mid cap index rose 0.67%, while Small cap index was up by 0.57%.

The top gaining sectoral indices on the BSE were Realty up by 1.38%, Healthcare up by 1.15%, Utilities up by 0.77%, Consumer Discretionary up by 0.54% and Consumer Durables up by 0.35%, while IT down by 0.99%, TECK down by 0.79%, Industrials down by 0.24% and Capital Goods down by 0.07% were the losing indices on BSE.

The top gainers on the Sensex were Eternal up by 2.83%, Titan Company up by 1.23%, Sun Pharma up by 0.54%, ITC up by 0.54% and Mahindra & Mahindra up by 0.52%. On the flip side, Asian Paints down by 1.58%, Tech Mahindra down by 1.55%, Bajaj Finance down by 1.54%, Infosys down by 1.53% and HCL Technologies down by 1.41% were the top losers.

Meanwhile, the government data has showed that net direct tax collection fell 1.34 per cent to about Rs 5.63 lakh crore between April 1 to July 10 of the current financial year, over Rs 5.70 lakh crore collected in the year-ago period. The net direct tax collection fell mainly on account of higher refunds. 

Net corporate tax collection stood around Rs 2 lakh crore, while non-corporate tax (which includes individuals, HUFs and firms) was at Rs 3.45 lakh crore. Securities transaction tax mop-up was Rs 17,874 crore between April 1 to July 10. Net refunds issued so far this fiscal year jumped 38 per cent to Rs 1.02 lakh crore.

Gross collections (before refunds) stood at Rs 6.65 lakh crore from April 1-July 10, posting a 3.17 per cent growth over Rs 6.44 lakh crore in the year-ago period. In the current fiscal year, the government has projected its direct tax collections at Rs 25.20 lakh crore, up 12.7 per cent year-on-year. The government aims to collect Rs 78,000 crore from STT in FY26.

The CNX Nifty traded in a range of 25,151.10 and 25,001.95. There were 22 stocks advancing against 27 stocks declining, while 1 stock remained unchanged on the index.  

The top gainers on Nifty were Eternal up by 2.90%, Titan Company up by 1.20%, HDFC Life Insurance Company up by 1.05%, ONGC up by 0.99% and Grasim Industries up by 0.98%. On the flip side, JIO Financial Services down by 2.00%, Tech Mahindra down by 1.72%, Wipro down by 1.57%, Infosys down by 1.53% and HCL Technologies down by 1.51% were the top losers.

European markets were trading mostly in red; France’s CAC fell 31.71 points or 0.41% to 7,797.58 and Germany’s DAX lost 188.72 points or 0.78% to 24,066.59, while UK’s FTSE 100 increased 35.57 points or 0.4% to 8,976.69.

Asian Markets ended mostly higher on Monday, despite Wall Streets’ fall last Friday on US President Donald Trump's tariff threats. Trump has intensified his trade war with the threat of 30% tariffs on the European Union and Mexico. Chinese shares gained after data showed China's exports growth beat expectations in June, while rare earths shipments surged 60.3% in June to record high. China's overall exports jumped 5.8% in June year-on-year in US dollar terms, customs data showed. Hong Kong shares rose ahead of Chinese retail sales, industrial output and gross domestic product due on Tuesday. Moreover, the Kospi surpassed the 3,200 mark for the first time in nearly four years. However, Japanese shares declined marginally due to concerns about an upcoming domestic election and unresolved trade talks with the United States. Japan's seasonally adjusted core machinery orders in May fell 0.6% from the previous month.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,519.65

9.47

0.27

Hang Seng

24,203.32

63.75

0.26

Jakarta Composite

7,097.15

49.71

0.70

KLSE Composite

1,537.51

1.44

0.09

Nikkei 225

39,459.62

-110.06

-0.28

Straits Times

4,109.21

21.40

0.52

KOSPI Composite

3,202.03

26.26

0.82

Taiwan Weighted

22,614.97

-136.06

-0.60
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