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Domestic indices trim some losses in late morning deals
Jul-31-2025

Domestic equity markets trimmed some of their losses but continued to trade in red in late morning deals on account of selling by funds and retail investors. Meanwhile, broader indices were also trading in red with BSE Small cap index and Mid cap index falling in the range of 0.45-0.85%. Weak cues from other Asian markets weighed on the domestic sentiments. Further, sentiments were also weak as foreign institutional investors (FIIs) sold equities worth Rs 850.04 crore on July 30 form markets.  Besides, traders were cautious as U.S. President Donald Trump announced plans to impose a 25% tariff on Indian imports from August 1. Most of the sectoral indices on the BSE were trading in red led by Telecom, Realty, Oil & Gas, Energy and Consumer Durables. 

On the global front, Asian markets were trading mostly in red as traders remained cautious ahead of the final deadline of August 1 set by the US President Donald Trump for reaching trade deals with its trading partner countries. Trump hinted at higher tariffs on certain countries after the deadline. Back home, in the stock specific development, Hindustan Unilever surged on reporting 6% rise in Q1 consolidated net profit.  

The BSE Sensex is currently trading at 81245.79, down by 236.07 points or 0.29% after trading in a range of 80695.15 and 81289.92. There were 7 stocks advancing against 23 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.81%, while Small cap index down by 0.48%.

The only gaining sectoral index on the BSE was FMCG up by 1.12%, while Telecom down by 1.50%, Realty down by 1.10%, Oil & Gas down by 1.06%, Energy down by 1.02% and Consumer Durables down by 0.89% were the top losing indices on BSE.

The top gainers on the Sensex were Hindustan Unilever up by 3.47%, Power Grid up by 1.14%, ITC up by 0.90%, Mahindra & Mahindra up by 0.66% and Tata Motors up by 0.50%. On the flip side, Bharti Airtel down by 1.14%, Reliance Industries down by 1.05%, Titan down by 0.86%, TCS down by 0.71% and Infosys down by 0.70% were the top losers.

Meanwhile, Minister of State for Electronics and IT Jitin Prasada has indicated that the government has approved financial support for 23 companies to develop chipsets under the design-linked incentive (DLI) scheme. He highlighted that 10 companies have raised venture capital (VC) funding for scaling up their design prototypes for commercialisation, and six companies have successfully taped out their prototype designs at advanced and mature technology nodes of various semiconductor foundries. 

Under the DLI Scheme, 72 domestic companies have been approved the access to state-of-the-art Electronic Design Automation (EDA) tools. These companies are at different stages of developing semiconductor designs for various applications. Besides, 23 companies out of these companies have been approved for financial support for developing SoCs for surveillance cameras, energy meters, microprocessor IPs, networking applications etc.

He noted that the DLI scheme provides financial incentives of up to 50% of eligible costs, with a ceiling of Rs 15 crore per application for design prototyping, scaling-up and volume production. Further, the scheme offers financial incentives ranging from 6% to 4% of net sales turnover, up to Rs 30 crore per application over five years, to enable the companies to deploy and commercialise their Intellectual Property (IP) cores, chips, and System-on-Chip (SoC) solutions.

The CNX Nifty is currently trading at 24781.95, down by 73.10 points or 0.29% after trading in a range of 24635.00 and 24805.25. There were 16 stocks advancing against 34 stocks declining on the index.

The top gainers on Nifty were Hindustan Unilever up by 3.40%, JIO Financial up by 2.67%, Power Grid up by 1.18%, ITC up by 0.97% and JSW Steel up by 0.89%. On the flip side, Dr. Reddy's Lab down by 1.25%, Adani Enterprises down by 1.22%, Bharti Airtel down by 1.21%, Cipla down by 1.12% and Reliance Industries down by 1.07% were the top losers.

Asian markets were trading mostly in red; Hang Seng declined 391.93 points or 1.56 to 24,785.00, Straits Times fell 34.13 points or 0.81 to 4,185.28, Shanghai Composite weakened 29.85 points or 0.83 to 3,585.87, Jakarta Composite plunged 28.89 points or 0.38 to 7,521.00 and KOSPI dropped 16.55 points or 0.51 to 3,237.92. However, Nikkei 225 surged 453.3 points or 1.1 to 41,108.00 and Taiwan Weighted gained 80.8 points or 0.34 to 23,542.52.  
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