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Post Session: Quick Review
Jul-15-2025

Indian equity benchmarks snapped their four-day losing streak on Monday tracking largely positive global cues. After making a cautious start, indices soon turned positive and remained higher throughout the day, as traders found some relief amid easing domestic retail inflation which could provide the Reserve Bank of India's monetary policy committee (MPC) room to maintain status quo in repo rate in its upcoming reviews.

Some of the important factors in today’s trade:

Retail inflation eases to over 6-year low of 2.1% in June: 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. 

India, US talks for proposed trade pact going on at very fast pace: 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. 

India, New Zealand start second round of negotiations for proposed free trade agreement: Investors took some support with report that 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. 

Global front: European markets were trading mostly in green amid optimism that U.S President Donald Trump's bargaining tactics are unlikely to derail global trade. Asian markets ended mostly in green as China's gross domestic product expanded a seasonally adjusted 1.1 percent on quarter in the second quarter of 2025.

The BSE Sensex ended at 82570.91, up by 317.45 points or 0.39% after trading in a range of 82221.74 and 82743.62. There were 22 stocks advancing against 8 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.83%, while Small cap index up by 0.95%. (Provisional)

The top gaining sectoral indices on the BSE were Auto up by 1.48%, Healthcare up by 1.14%, Consumer Discretionary up by 0.89%, FMCG up by 0.80% and Realty up by 0.77%, while Utilities down by 0.15% was the only losing index on BSE. (Provisional)

The top gainers on the Sensex were Sun Pharma up by 2.84%, Trent up by 1.66%, Bajaj Finserv up by 1.51%, Tata Motors up by 1.34% and Mahindra & Mahindra up by 1.28%. On the flip side, HCL Technologies down by 3.31%, Eternal down by 1.39%, Axis Bank down by 0.67%, Kotak Mahindra Bank down by 0.65% and Tata Steel down by 0.56% were the top losers. (Provisional)

Meanwhile, the NITI Aayog in its third edition of ‘Trade Watch Quarterly’ has said that Indian exports to the US will become more competitive following imposition of higher tariffs by the Trump administration on countries, including China, Canada, and Mexico. It added that 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. It noted that India is expected to gain competitiveness in 22 out of the top 30 categories (HS 2 level), representing a market size of $2,285.2 billion. It further explained that China, Canada, and Mexico are the leading exporters to the US in these categories, therefore higher tariffs on these countries at 30 per cent, 35 per cent, and 25 per cent, respectively, will enhance India’s competitiveness.

It said India’s competitiveness will remain unchanged in 6 out of 30 categories, amounting for 32.8 per cent exports to the US and 26 per cent of the US total imports, amounting to $26.5 billion. While for six product categories at HS 2 level, India faces a higher average tariff (between 1-3 per cent) which can be negotiated with the US, the Aayog said ‘In 78 products, accounting for 52 per cent of India’s exports and 26 per cent share in total US imports, India is expected to gain competitiveness’. For 17 products (accounting for 28 per cent of India’s export to the US) out of the top 100 products at the HS-4 level, it said India’s competitiveness remains unchanged due to no change in tariff differential. It also pointed out that ‘India stands to gain in sectors with high tariff gaps vs China, Canada and Mexico - minerals and fuels, apparel, electronics, plastics, furniture, and seafoods in a $1,265-billion market’. 

Meanwhile, an Indian commerce ministry team has reached Washington for another round of talks on the proposed bilateral trade agreement (BTA). The four-day talks will end on Thursday. India is seeking the removal of this additional tariff (26 per cent). It is also seeking the easing of tariffs on steel and aluminium (50 per cent) and the auto (25 per cent) sectors. Against these, India has reserved its right under the WTO (World Trade Organization) norms to impose retaliatory duties. India’s merchandise exports to the US rose 21.78 per cent to $17.25 billion in April-May this fiscal year, while imports rose 25.8 per cent to $8.87 billion.

The CNX Nifty ended at 25195.80, up by 113.50 points or 0.45% after trading in a range of 25088.45 and 25245.20. There were 35 stocks advancing against 15 stocks declining on the index. (Provisional)

The top gainers on Nifty were Hero MotoCorp up by 4.76%, Bajaj Auto up by 2.76%, Sun Pharma up by 2.67%, Shriram Finance up by 2.19% and Apollo Hospital up by 1.95%. On the flip side, HCL Technologies down by 3.30%, Eternal down by 1.53%, SBI Life Insurance down by 1.43%, HDFC Life Insurance down by 1.03% and Tata Steel down by 0.90% were the top losers. (Provisional)

European markets were trading mostly in green; France’s CAC rose 7.04 points or 0.09% to 7,815.21 and Germany’s DAX gained 64.67 points or 0.27% to 24,225.31, while UK’s FTSE 100 decreased 0.28 points to 8,997.78.

Asian markets settled mostly higher on Tuesday tracking Wall Street’s gains after US President Donald Trump said he was open to more tariff negotiations with major economies including the European Union. Meanwhile, investors reacted positively to Chinese GDP data for the first half of 2025. China's economy posted a solid 5.3% growth year-on-year in the first half of 2025, according to data released by the National Bureau of Statistics (NBS). Meanwhile, investors were awaiting US June CPI data that could provide clues on the path for monetary policy. Japanese shares gained despite lingering uncertainty over the upcoming upper house election outcome. However, Chinese shares dropped as the latest GDP data eased the pressure on the need for additional stimulus in the near term.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,505.00

-14.65

-0.42

Hang Seng

24,590.12

386.80

1.57

Jakarta Composite

7,140.47

43.32

0.61

KLSE Composite

1,525.40

-12.11

-0.79

Nikkei 225

39,678.02

218.40

0.55

Straits Times

4,119.82

10.61

0.26

KOSPI Composite

3,215.28

13.25

0.41

Taiwan Weighted

22,835.94

220.97

0.97
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