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Domestic indices magnify gains in late morning deals
Jul-15-2025

Indian equity indices magnified their gains and were trading higher by around half percent in late morning deals as market participants indulged in enlarging their positions. Meanwhile, the broader markets also participated in the rally with BSE Mid cap index and Small cap index surging in the range of 0.45-0.90 percent. Positive cues from the global markets supported domestic sentiments. Further, sentiments got boost as the government data showed that India's consumer price inflation eased further in June to the lowest level in more than six years, driven by the renewed fall in food prices. Consumer price inflation eased more-than-expected to 2.10 percent in June from 2.82 percent in May. Almost all the sectoral indices on BSE were trading into positive territory led by Auto, Realty, IT, TECK and Consumer Disc.

On the global front, Asian markets were trading higher after China’s second-quarter economic growth topped street’s forecast. The country’s gross domestic product expanded by 5.2% in the second quarter, according to China’s National Bureau of Statistics, surpassing the 5.1% growth forecast by street. Back home, in the stock specific development, Rail Vikas Nigam (RVNL) rose after the company bagged a Letter of Award (LOA) from Delhi Metro Rail Corporation worth Rs 447 crore.

The BSE Sensex is currently trading at 82659.20, up by 405.74 points or 0.49% after trading in a range of 82221.74 and 82743.62. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.49%, while Small cap index up by 0.86%.

The top gaining sectoral indices on the BSE were Auto up by 1.32%, Realty up by 1.24%, IT up by 0.89%, TECK up by 0.78% and Consumer Disc up by 0.69%, while Utilities down by 0.12% was the only losing index on BSE.

The top gainers on the Sensex were Infosys up by 1.91%, Sun Pharma up by 1.77%, Mahindra & Mahindra up by 1.40%, Kotak Mahindra Bank up by 0.98% and TCS up by 0.97%. On the flip side, HCL Technologies down by 3.08%, Eternal down by 1.87%, Tata Steel down by 0.65%, Ultratech Cement down by 0.34% and Axis Bank down by 0.28% were the top losers. 

Meanwhile, amid ongoing negotiation between India and United States (US) over bilateral trade deal, NITI Aayog has suggested that the country should follow the model of the India-UK agreement to pursue a services-oriented trade deal with the US, with special focus on information technology, financial services, professional services, and education. It noted there will be significant opportunities for India in the US markets both in terms of the number of products and volume of the US market. Further, it has emphasized that India must advocate for improved visa access for its professionals, particularly under H-1B and L-1 categories. It added the deal should include provisions for intra-corporate transferees and independent service providers, which are crucial for maintaining India's competitive edge in the global services industry.

With growing global demand for Digitally Delivered Services (DDS), it said India should seek firm market access commitments from the US in high-growth areas such as cybersecurity, artificial intelligence, telecom, and design services. It pointed that leveraging India's strengths in these sectors can help increase bilateral trade and innovation-led growth. Moreover, it has emphasized the need of simplifying the licensing procedures and address cross-border data flow issues in order to ensure better market access to Indian firms, as the regulatory barriers such as inconsistent data compliance and intellectual property concerns hinder Indian service exports.

Additionally, NITI Aayog has suggested that India should focus on diversifying its trade partners and becoming integral to larger global supply chains and production networks. It highlighted that fast-tracking free trade agreements and time-bound negotiation roadmap with trade partners are essential and the agreements should be focused on reducing non-tariff barriers and facilitate smoother trade in services, which is a key strength for India. Simultaneously, it has proposed a deeper trade engagement with countries such as Australia, Japan, South Korea, and ASEAN nations, as this can be highly beneficial, particularly in sectors where India's export strengths, such as pharmaceuticals, automobiles, and IT, match their import needs.

The CNX Nifty is currently trading at 25211.85, up by 129.55 points or 0.52% after trading in a range of 25088.45 and 25245.20. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were Hero MotoCorp up by 3.93%, Bajaj Auto up by 2.03%, Infosys up by 2.00%, Wipro up by 1.77% and Sun Pharma up by 1.76%. On the flip side, HCL Technologies down by 3.06%, Eternal down by 1.77%, Tata Steel down by 0.74%, Ultratech Cement down by 0.46% and Axis Bank down by 0.20% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 140.48 points or 0.58% to 24,343.80, Jakarta Composite gained 12.18 points or 0.17% to 7,109.33, Straits Times rose 10.01 points or 0.24% to 4,119.22, KOSPI increased 5.84 points or 0.18% to 3,207.87, Nikkei 225 surged 130.33 points or 0.33% to 39,589.95 and Taiwan Weighted added 210.97 points or 0.92% to 22,825.94. However, Shanghai Composite weakened 22.2 points or 0.63% to 3,497.45.
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