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Indices oscillating near unchanged lines
Jul-31-2025

Indian equity benchmarks were oscillating near the unchanged lines in late trade as investors remained cautious after the United States slapped a 25% tariff on India, effective August 1, and threatened further penalty on Russian oil and BRICS nation. Further, persistent foreign funds outflows by Foreign Institutional Investors (FIIs) kept the trading sentiments subdued. Foreign institutional investors (FIIs) extended their selling streak for the eighth consecutive session on July 30, offloading equities worth Rs 850 crore. However, markets took some support from GTRI’s comments indicating US President Donald Trump's announcement to impose a 25% tariff and penalty on Indian goods may seem severe but the country is not in a worse position than nations that signed trade deals with Washington. 

On the global front, Asian equity markets were trading mostly in red after Federal Reserve kept interest rate unchanged. European equity markets were trading mostly in green as investors digested a slew of earnings and reacted to a flurry of trade and tariff-related announcements from US President Donald Trump.

The BSE Sensex is currently trading at 81528.24, up by 46.38 points or 0.06% after trading in a range of 80695.15 and 81803.27. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index slid 0.47%, while Small cap index was down by 0.49%.

The only gaining sectoral indices on the BSE were FMCG up by 1.43% and Bankex up by 0.14%, while Telecom down by 1.45%, Oil & Gas down by 1.13%, Energy down by 1.02%, Healthcare down by 0.67% and Realty down by 0.59% were the top losing indices on BSE.

The top gainers on the Sensex were Hindustan Unilever up by 4.00%, Eternal up by 2.12%, Kotak Mahindra Bank up by 1.44%, ITC up by 1.21% and Power Grid Corporation up by 0.86%. On the flip side, Reliance Industries down by 1.02%, Adani Ports & SEZ down by 1.00%, Tata Steel down by 0.96%, Sun Pharmaceutical Industries down by 0.74% and Asian Paints down by 0.73% were the top losers.

Meanwhile, Latest MSME Outlook Survey released by Small Industries Development Bank of India (SIDBI) has said that business confidence among micro, small, and medium enterprises (MSME) improved during the April-June quarter (Q1 FY26), backed by steady domestic demand and a supportive financial environment. The Composite MSME Business Confidence Index (M-BCI) rose to 63.75 during the quarter under review from 60.82 in the previous quarter. A value above 50 suggests positive sentiment. 

The survey said manufacturing and trading MSMEs drove the gains, while the services sector remained stable with a marginal decline. The MSME Business Expectations Index (M-BEI), reflecting the outlook for upcoming quarters, stood at 62.19 for July-September and 67.88 for the first quarter of the next fiscal, suggesting sustained optimism despite headwinds like global tariffs and trade volatility. A total of 88 per cent of respondents reported improved access to finance, up from 79 per cent in the previous round. 

The report also indicated that fewer MSMEs experienced a rise in borrowing costs, indicating early signs of transmission from the Reserve Bank of India's cumulative 100 basis point repo rate cut since February 2025. Over half the respondents reported an increase in sales and profitability, while expectations for the next four quarters remain bullish. Notably, profit margins improved despite lingering cost pressures. Among the other key findings, the survey found, about 21 per cent of manufacturing and 20 per cent of services sector MSMEs operated at above-normal capacity, up from 12-14 per cent previously. Exporters flagged concerns over tariff-related uncertainties, with 40 per cent indicating an adverse impact.

The CNX Nifty is currently trading at 24872.40, up by 17.35 points or 0.07% after trading in a range of 24635.00 and 24956.50. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Hindustan Unilever up by 4.07%, Jio Financial Services up by 3.28%, Eternal up by 2.26%, JSW Steel up by 1.61% and Kotak Mahindra Bank up by 1.48%. On the flip side, Adani Enterprises down by 2.25%, Reliance Industries down by 1.13%, Dr. Reddy's Laboratories down by 1.11%, Adani Ports & SEZ down by 1.10% and Tata Steel down by 1.05% were the top losers.

Asian markets were trading mostly in red; Hang Seng declined 438.93 points or 1.77 to 24,738.00, Straits Times fell 36.33 points or 0.86 to 4,183.08, Shanghai Composite weakened 42.51 points or 1.19 to 3,573.21, Jakarta Composite plunged 66.32 points or 0.89 to 7,483.57 and KOSPI dropped 9.03 points or 0.28 to 3,245.44, while Nikkei 225 surged 453.3 points or 1.1 to 41,108.00 and Taiwan Weighted added 80.8 points or 0.34 to 23,542.52.

European markets were trading mostly in green; UK’s FTSE 100 increased 28.23 points or 0.31 to 9,165.17 and Germany’s DAX gained 76.08 points or 0.31 to 24,338.30, while France’s CAC fell 11.46 points or 0.15 to 7,850.50.
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