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Key gauges continue to trade flat in morning deals
Jul-30-2025

Indian equity benchmarks continued to trade flat in morning deals, as rising crude oil prices and uncertainty over the India-US trade agreement kept investor sentiments muted. Traders remained cautious as provisional data from the National Stock Exchange showed foreign portfolio investors (FPIs) stayed net sellers of Indian shares for the seventh consecutive session on Tuesday as they sold stocks worth Rs 4,636.6 crore. The FPIs have sold shares worth Rs 13,886 crore in July so far and Rs 14,590 crore in the previous month. In 2025 so far, the FPIs have net sold equities worth Rs 91,787 crore. However, traders took note of report that the International Monetary Fund (IMF) in its July World Economic Outlook Update has revised slightly upward India’s economic growth forecast to 6.4 percent for 2025. Earlier in its April 2025 World Economic Outlook, IMF had projected India’s Gross Domestic Product (GDP) growth at 6.2 percent for 2025. It said that the revision in growth projection reflects a more benign external environment than assumed in the April reference forecast. 

On the global front, Asian markets are trading mixed as traders remain cautious and seemed reluctant to make significant moves as they watch developments on the tariff front as the deadline of August 1 set by the US President Donald Trump nears. They also look ahead to the US Fed's monetary policy announcement later in the day. Back home, on the sectoral front, Tyre insustry’s stocks remained in watch as Automotive Tyre Manufacturers' Association (ATMA) has said that the competitiveness of Indian tyre manufacturers in the British market will be strengthened as a result of the removal of import duties under the India-UK free trade agreement (FTA). 

The BSE Sensex is currently trading at 81324.25, down by 13.70 points or 0.02% after trading in a range of 81296.20 and 81618.96. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index fell 0.12%, while Small cap index was up by 0.10%.

The top gaining sectoral indices on the BSE were Industrials up by 0.91%, Utilities up by 0.36%, Basic Materials up by 0.25%, Power up by 0.15% and Healthcare up by 0.08%, while Realty down by 0.78%, Energy down by 0.73%, Auto down by 0.72%, Oil & Gas down by 0.72% and Consumer Discretionary down by 0.38% were the top losing indices on BSE.

The top gainers on the Sensex were Larsen & Toubro up by 4.19%, Asian Paints up by 1.57%, Sun Pharma up by 1.17%, NTPC up by 1.11% and Axis Bank up by 0.92%. On the flip side, Tata Motors down by 3.36%, Hindustan Unilever down by 1.02%, Eternal down by 1.01%, Reliance Industries down by 0.90% and Bajaj Finserv down by 0.84% were the top losers.

Meanwhile, Crisil Ratings in its research report has said that revenue growth of 18 large states, which account for over 90 per cent of the gross state domestic product, is likely to witness a marginal uptick at 7-9 per cent to Rs 40 lakh crore this financial year (FY26). It said this is slightly higher than 6.6 per cent notched up in the last fiscal, though lower than the decadal growth of around 10 per cent.

The increase in revenue growth will be supported by steady GST collections and devolution by the Centre. Maharashtra, Gujarat, Karnataka, Tamil Nadu and West Bengal are among the 18 large states. The states’ revenue streams comprise two components, namely own tax revenue and transfers from the Centre. The own tax revenue of these states is expected to grow around eight per cent this financial year, driven by GST and liquor tax, with a modest growth in petroleum tax. 

Grants from the Centre are expected to recover and grow by three to four per cent due to higher outlay of centrally sponsored schemes. It mentioned the calculations assume India’s nominal GDP growth of nine per cent this fiscal. However, global uncertainties, domestic consumption patterns and inflationary trends can alter these estimates. It added to ensure sustainable revenue growth, the states will have to focus on expanding their own revenue and improving collection efficiency. 

The CNX Nifty is currently trading at 24804.10, down by 17.00 points or 0.07% after trading in a range of 24802.60 and 24892.05. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Larsen & Toubro up by 4.13%, Asian Paints up by 1.68%, Tata Consumer Product up by 1.34%, Grasim Industries up by 1.24% and Sun Pharma up by 1.14%. On the flip side, Tata Motors down by 3.40%, Hero MotoCorp down by 1.26%, Eternal down by 1.11%, Dr. Reddy's Lab down by 1.08% and Hindustan Unilever down by 1.08% were the top losers.

Asian markets are trading mixed; Hang Seng slipped 191.45 points or 0.75% to 25,333.00, Jakarta Composite declined 55.11 points or 0.72% to 7,562.80, Straits Times fell 15.48 points or 0.37% to 4,213.93 and Nikkei 225 was down by 76.55 points or 0.19% to 40,598.00. On the other hand, Taiwan Weighted surged 252.62 points or 1.09% to 23,454.14, KOSPI rose 34.98 points or 1.08% to 3,265.55 and Shanghai Composite was up by 19.77 points or 0.55% to 3,629.48.
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