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Key gauges continue to trade marginally higher in morning deals
Jul-15-2025

Indian equity benchmarks continued to trade marginally higher in morning deals, led by gains in Auto, PSU and Banking stocks. Some support came as retail inflation slipped to a more than six-year low of 2.1 per cent in June mainly due to subdued prices of food items, including vegetables, pulses, meat, and milk. The Consumer Price Index-based inflation was 2.82 per cent in May and 5.08 per cent in June 2024. Some support also came as Commerce and Industry Minister Piyush Goyal stated that the negotiations between India and the US for a proposed trade agreement are going at a fast pace. The Indian team has reached Washington for the next round of talks on the first tranche of the bilateral trade agreement. However, some concern came as exchange data showed foreign portfolio investors remain net sellers of Indian shares on Monday as they offloaded stocks worth Rs 1,629.4 crore. On the global front, Asian markets are trading mostly in green as positive Chinese economic data was offset by weak consumer spending, while optimism that governments will hammer out deals to avoid the worst of Donald Trump's tariff threats provided support. 

The BSE Sensex is currently trading at 82351.40, up by 97.94 points or 0.12% after trading in a range of 82221.74 and 82462.38. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.24%, while Small cap index was up by 0.64%.

The top gaining sectoral indices on the BSE were Auto up by 0.51%, PSU up by 0.49%, Bankex up by 0.46%, Capital Goods up by 0.44% and FMCG up by 0.37%, while Metal down by 0.30%, Utilities down by 0.28%, IT down by 0.21%, TECK down by 0.13% and Power down by 0.03% were the top losing indices on BSE.

The top gainers on the Sensex were SBI up by 1.14%, Kotak Mahindra Bank up by 1.07%, Sun Pharma up by 1.00%, Bharat Electronics up by 0.99% and Mahindra & Mahindra up by 0.75%. On the flip side, HCL Technologies down by 3.99%, Eternal down by 1.18%, Tata Steel down by 0.90%, Tech Mahindra down by 0.89% and Ultratech Cement down by 0.56% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said the negotiations between India and the US for a proposed trade agreement are going at a fast pace. The Indian team has reached Washington for the next round of talks on the first tranche of the bilateral trade agreement. Goyal said ‘Negotiations are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win-win trade complementing agreement with the United States.’ 

Meanwhile, Commerce Secretary Sunil Barthwal said that negotiations for proposed trade agreements with the European Union (EU) and the US are going on. He said that the free trade agreements (FTAs) that India is doing are one of the key enablers to promote global capability centres (GCCs) in the country. He said ‘So if you look at the free trade agreements today, which we are doing with the UK, which we have just announced, with European Union (EU), which is going on, with the US again discussions are on with several other countries in the world.’

India and the US are negotiating a bilateral trade agreement (BTA). They are targeting to conclude the first phase of the pact by fall (September-October) of this year. Similarly, India and the EU are also negotiating an FTA. In June 2022, India and the 27-nation EU bloc resumed negotiations for a comprehensive free trade agreement, an investment protection agreement and a pact on geographical indications (GIs) after a gap of over eight years.

The CNX Nifty is currently trading at 25112.55, up by 30.25 points or 0.12% after trading in a range of 25088.45 and 25155.80. There were 29 stocks advancing against 21 stocks declining on the index.

The top gainers on Nifty were Indusind Bank up by 2.02%, Hero MotoCorp up by 1.84%, SBI up by 1.25%, Shriram Finance up by 1.08% and Sun Pharma up by 1.07%. On the flip side, HCL Technologies down by 3.94%, Eternal down by 1.11%, Tata Steel down by 1.01%, Cipla down by 0.88% and JSW Steel down by 0.73% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 56.22 points or 0.14% to 39,515.84, Taiwan Weighted added 184.13 points or 0.81% to 22,799.10, Hang Seng advanced 47.58 points or 0.2% to 24,250.90, Straits Times rose 5.69 points or 0.14% to 4,114.90 and Jakarta Composite gained 13.4 points or 0.19% to 7,110.55.

On the flip side, Shanghai Composite weakened 32.77 points or 0.94% to 3,486.88 and KOSPI dropped 6.65 points or 0.21% to 3,195.38.
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