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Markets trade in tight range in late afternoon session
Jul-15-2025

Indian equity markets traded in a tight range well above the unchanged lines in late afternoon session. The markets continued to trade on positive note on account of value buying as traders opted to buy stocks at lower levels following the recent decline. Also, traders remained optimistic over RBI’s rate cut amid easing retail inflation. The retail inflation for the month of June dropped to a 6-year low with Consumer Price Index (CPI), easing to 2.10 per cent. Besides, the mid cap and small cap stocks have outshined the headline indices - Sensex and Nifty - with BSE Midcap index surging 0.69% and Small cap soaring 0.94%. On sectoral front, auto stocks turned performer of the day, reflected by BSE Auto index gaining 1.37%.

On the global front, Asian equity markets were trading mostly in green as traders brushed off U.S. President Donald Trump's tariff threats and reacted positively to Chinese GDP data for the first half of 2025. European equity markets were trading higher ahead of release of economic confidence figures from Germany and industrial production data from euro area, which is due later in the day.

The BSE Sensex is currently trading at 82570.78, up by 317.32 points or 0.39% after trading in a range of 82221.74 and 82743.62. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index surged 0.69%, while Small cap index was up by 0.94%.

The top gaining sectoral indices on the BSE were Auto up by 1.37%, Healthcare up by 1.05%, Consumer Discretionary up by 0.81%, FMCG up by 0.71%, Capital Goods up by 0.65%, while Utilities down by 0.23% and Metal down by 0.02% were the only losing indices on BSE.

The top gainers on the Sensex were Sun Pharmaceutical Industries up by 2.64%, Bajaj Finserv up by 1.64%, Mahindra & Mahindra up by 1.41%, Tata Motors up by 1.30% and Infosys up by 1.17%. On the flip side, HCL Technologies down by 3.06%, Eternal down by 1.59%, Axis Bank down by 0.73%, Tata Steel down by 0.69% and Kotak Mahindra Bank down by 0.67% were the top losers.

Meanwhile, India and New Zealand have started the second round of negotiations for the proposed free trade agreement, aimed at boosting two-way commerce and investments. These talks will end on July 25.  After a gap of about ten years, the two countries on March 16, 2025 announced the resumption of negotiations for the trade pact. The second round of negotiations started on July 14, 2025. India and New Zealand began negotiating the Comprehensive Economic Cooperation Agreement (CECA) in April 2010. However, after ten rounds of discussions, the talks stalled in February 2015. 

Earlier, New Zealand had demanded greater access to India's dairy market, which India has resisted to protect its domestic industry that supports millions of farmers. Currently, India's dairy imports from New Zealand are minimal (around $0.57 million). The country has not given duty concessions in the sector in any of its trade pacts. New Zealand may look for duty concessions on products like meat and wine.

The bilateral trade between the two countries stood at $1.3 billion (exports $711.08 million and imports $587.15 million) in 2024-25. It was $873.4 million (exports $538.33 million and imports $335 million) in 2023-24. India's key goods exports to New Zealand include clothing, fabrics, and home textiles; medicines and medical supplies; refined petrol, agricultural equipment and machinery such as tractors and irrigation tools, auto, iron and steel, paper products, electronics, shrimps, diamonds, and basmati rice. The main imports are agricultural goods, minerals, apples, kiwi fruit, meat products such as lamb, mutton, milk albumin, lactose syrup, coking coal, logs and sawn timber, wool, and scrap metals.

In FY24, India's services exports to New Zealand stood at $214.1 million, while New Zealand's services exports to India totalled $456.5 million. India's key services exports include IT and software services, provided by companies such as Infosys and HCL, along with telecommunications services to support New Zealand's digital infrastructure. India also exports healthcare services, including medical tourism, pharmaceutical research, and telemedicine. Financial services are another important area, with Indian banks and fintech companies offering digital payment solutions. New Zealand's services exports to India are led by education services, with thousands of Indian students pursuing higher education in New Zealand.

The CNX Nifty is currently trading at 25191.65, up by 109.35 points or 0.44% after trading in a range of 25088.45 and 25245.20. There were 34 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were Hero MotoCorp up by 4.36%, Sun Pharmaceutical Industries up by 2.66%, Bajaj Auto up by 2.23%, Apollo Hospitals Enterprise up by 1.97% and Bajaj Finserv up by 1.71%. On the flip side, HCL Technologies down by 3.03%, Eternal down by 1.53%, HDFC Life Insurance down by 1.16%, SBI Life Insurance down by 0.92% and Axis Bank down by 0.73% were the top losers.

Asian markets are trading mostly in green; Hang Seng advanced 386.8 points or 1.57% to 24,590.12, Jakarta Composite gained 43.32 points or 0.61% to 7,140.47, KOSPI increased 13.25 points or 0.41% to 3,215.28, Nikkei 225 surged 218.4 points or 0.55% to 39,678.02, Taiwan Weighted added 220.97 points or 0.97% to 22,835.94 and Straits Times rose 12.23 points or 0.3% to 4,121.44, while Shanghai Composite weakened 14.65 points or 0.42% to 3,505.00.

European markets were trading higher; UK’s FTSE 100 increased 0.28 points or 0% to 8,998.34, France’s CAC rose 14.37 points or 0.18% to 7,822.54 and Germany’s DAX gained 85.68 points or 0.35% to 24,246.32.
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