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Domestic indices trade lower with cut of over quarter percent
Aug-01-2025

Domestic equity markets were trading lower with cut of over quarter a percent in late morning deals, on account of hectic selling in Sun Pharma, Tata Motors, Tata Steel, Infosys and Maruti Suzuki companies’ stocks. Meanwhile, broader indices were also trading in red with BSE Small cap index and Mid cap index falling in the range of 0.25-0.50%. Traders were cautious as the Global Trade Research Initiative (GTRI) said the USA's decision to impose a blanket 25 per cent tariff on all Indian-origin goods effective August 7, without any exemptions, could severely hit the country's exports to America. Market participants overlooked report that the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) surged to 59.1 in July from 58.4 in June, signaling the strongest improvement in the health of the sector since March 2024. On the BSE sectoral front, traders were seen pilling up positions in FMCG, Consumer Durables, Power and Capital Goods, while selling was witnessed in Healthcare, Oil & Gas, Telecom, IT and TECK. 

On the global front, Asian markets were trading mostly in red after U.S. President Donald Trump modified reciprocal tariff rates on several countries, ranging from 10% to 41%. Back home, in the stock specific development, Suzlon Energy surged after the company won a 381 MW order from Zelestra India and its affiliates.   

The BSE Sensex is currently trading at 80969.23, down by 216.35 points or 0.27% after trading in a range of 80892.69 and 81317.51. There were 9 stocks advancing against 21 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.46%, while Small cap index down by 0.26%.

The top gaining sectoral indices on the BSE were FMCG up by 0.95%, Consumer Durables up by 0.36%, Power up by 0.20% and Capital Goods up by 0.16%, while Healthcare down by 1.86%, Oil & Gas down by 1.31%, Telecom down by 1.17%, IT down by 1.03% and TECK down by 0.96% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 2.46%, Trent up by 1.66%, ITC up by 1.48%, Hindustan Unilever up by 1.29% and Kotak Mahindra Bank up by 1.01%. On the flip side, Sun Pharma down by 4.01%, Tata Motors down by 2.13%, Tata Steel down by 1.96%, Infosys down by 1.56% and Maruti Suzuki down by 1.54% were the top losers.

Meanwhile, the Controller General of Accounts (CGA) data has indicated that the central government’s fiscal deficit stood at 17.9 per cent of the full-year target at the end of June. In previous financial year, the fiscal deficit was reported at 8.4 per cent of Budget Estimates (BE) of 2024-25. The fiscal deficit is gap between the government’s expenditure and revenue. 

During the April-June period of the fiscal year 2025-26, government’s fiscal deficit was recorded at Rs 2,80,732 crore. Further, for the fiscal year 2025-26, the Centre estimates the fiscal deficit at 4.4 per cent of the GDP, or Rs 15.69 lakh crore.

The data showed that net tax revenue of the government was recorded at Rs 5.4 lakh crore or 19 per cent of corresponding BE 2025-26 of total receipts, up to June 2025. Meanwhile, it was at 21.3 per cent of BE 2024-25 in the corresponding period of the previous fiscal year. The data on monthly accounts showed that the total expenditure during the first quarter was at Rs 12.22 lakh crore, or 24.1 per cent of BE. It was at 20.1 per cent of BE in the same period last year.

The CNX Nifty is currently trading at 24682.15, down by 86.20 points or 0.35% after trading in a range of 24668.95 and 24784.15. There were 15 stocks advancing against 35 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 2.54%, Trent up by 1.62%, ITC up by 1.47%, Hindustan Unilever up by 1.44% and Eicher Motors up by 1.24%. On the flip side, Sun Pharma down by 3.94%, Dr. Reddy's Lab down by 3.33%, Cipla down by 2.71%, ONGC down by 2.26% and Tata Motors down by 2.17% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 258.82 points or 0.63 to 40,811.00, Hang Seng declined 207.33 points or 0.84 to 24,566.00, Taiwan Weighted lost 106.33 points or 0.45 to 23,436.19, Straits Times fell 11 points or 0.26 to 4,162.77, Shanghai Composite weakened 16.26 points or 0.46 to 3,556.95 and KOSPI dropped 116.70 points or 3.6 to 3,128.74. However, Jakarta Composite gained 87.33 points or 1.15 to 7,571.67.
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