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Markets recover from day’s low in late afternoon session
Aug-07-2025

Indian equity markets managed to recover from the day’s low in late afternoon session but remained below unchanged lines. Traders took support of quarterly Services and Infrastructure Outlook Survey of Reserve Bank of India noting that services firms maintained their positive outlook on demand conditions in Q2:2025-26, though their level of optimism recorded some moderation vis-a-vis the previous quarter. However, sentiments remained subdued after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a penalty in response to its continued purchase of Russian oil. With initial 25% tariffs are in effect, the additional 25% tariffs will take effect in 21 days. Following the additional tariffs, Gold on MCX hits record high of Rs 1,01,539 per 10 grams as investors opted to fly toward safe-haven. 

On the global front, Asian equity markets were trading mostly in green amid hopes for Sino-U.S. trade deal and better-than-expected China's July exports data. European equity markets were trading mostly in green as data from Destatis revealed that Germany's exports grew for the first time in three months in June despite falling shipments to the US.

The BSE Sensex is currently trading at 80208.41, down by 335.58 points or 0.42% after trading in a range of 79811.29 and 80421.84. There were 8 stocks advancing against 22 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.36%, while Small cap index was down by 0.75%.

The lone gaining sectoral index on the BSE were IT up by 0.14%, while Capital Goods down by 1.03%, Telecom down by 0.99%, Power down by 0.90%, Industrials down by 0.87% and Basic Materials down by 0.85% were the top losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 0.86%, Asian Paints up by 0.39%, HCL Technologies up by 0.37%, ITC up by 0.30% and Bajaj Finance up by 0.13%. On the flip side, Adani Ports & SEZ down by 2.14%, Trent down by 1.83%, Tata Motors down by 1.72%, Hindustan Unilever down by 1.07% and Reliance Industries down by 0.99% were the top losers.

Meanwhile, Federation of Automobile Dealers Associations (FADA) has said that domestic automobile retail sales declined 4 per cent year-on-year in July amid drop in demand for passenger vehicles and two-wheelers. Overall registrations dropped to 19,64,213 units in July, as compared to 20,52,759 units in July 2024. The pullback largely stems from a high-base effect in July 2024.

FADA has stated that passenger vehicle sales declined marginally year-on-year to 3,28,613 units in July, as against 3,31,280 units in the same month last year. It noted that while auspicious delivery days, plus targeted schemes and rural marketing, drove hinterland volumes; urban demand stayed muted due to restrained customer sentiment. With inventory levels steady at around 55 days, calibrated discounting, streamlined finance facilitation and intensified urban outreach will be crucial for sustaining festive-season growth. Two-wheeler registrations saw a decline of 6 per cent year-on-year to 13,55,504 units in July as crop-sowing activities and prolonged heavy rains dampened rural footfalls more sharply than urban demand.

It further said dealers are nevertheless confident of a post-monsoon uptick, with several purchase decisions deferred to August ahead of the festive season -- making strategic stock alignment and focused rural -- urban engagement imperative for reviving momentum. Commercial vehicle retail sales grew marginally to 76,439 units in July, as compared to 76,261 units in the year-ago period. The growth in the segment was led by the urban momentum. Tractor registrations saw a robust sales growth of 11 per cent year-on-year to 88,722 units in July.

The CNX Nifty is currently trading at 24478.50, down by 95.70 points or 0.39% after trading in a range of 24344.15 and 24542.90. There were 15 stocks advancing against 35 stocks declining on the index.

The top gainers on Nifty were Hero MotoCorp up by 3.57%, Tech Mahindra up by 0.76%, JSW Steel up by 0.63%, Asian Paints up by 0.43% and Bajaj Auto up by 0.39%. On the flip side, Adani Enterprises down by 2.27%, Adani Ports & SEZ down by 2.22%, Trent down by 1.88%, Tata Motors down by 1.72% and Shriram Finance down by 1.16% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 228.14 points or 0.56 to 41,023.00, Hang Seng advanced 88.37 points or 0.35 to 24,999.00, Taiwan Weighted added 556.41 points or 2.32 to 24,003.77, Straits Times rose 29.59 points or 0.7 to 4,257.29, Shanghai Composite strengthened 5.68 points or 0.16 to 3,639.67 and KOSPI increased 29.54 points or 0.92 to 3,227.68, while Jakarta Composite plunged 4.46 points or 0.06 to 7,499.29.

European equity markets were trading mostly in green; France’s CAC rose 68.37 points or 0.9 to 7,703.40 and Germany’s DAX gained 315.84 points or 1.32 to 24,240.20, while UK’s FTSE 100 decreased 27.96 points or 0.31 to 9,136.35.
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