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Markets continue to trade with deep cuts
Aug-08-2025

Indian equity markets continued to trade with deep cuts amid lingering uncertainty surrounding India-US trade deal negotiations after U.S. President Donald Trump ruled out trade talks with India and Prime Minister Modi said he will never compromise on farmers' interests. Besides, investors maintained risk adverse approach as think tank GTRI indicated that 50% tariff imposition on Indian goods by US may cause 50% to 70% declined in exports of nine product categories, including organic chemicals, apparel, jewellery and shrimp. Further, continued foreign funds outflows from foreign institutional investors (FIIs). The FIIs were the net seller on yesterday’s trade, offloading Rs 4,997.19 crore worth equities. 

On the global front, Asian equity markets were trading mixed as U.S. President Donald Trump's reciprocal tariffs targeting more than 90 nations came into force just after midnight. European equity markets were trading mostly in red after Moscow confirmed Russian President Vladimir Putin and U.S. President Donald Trump are preparing to meet in the coming days, raising hopes of a ceasefire in the Ukraine war.

The BSE Sensex is currently trading at 79990.75, down by 632.51 points or 0.78% after trading in a range of 79970.60 and 80550.40. There were 7 stocks advancing against 23 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index slid 1.23%, while Small cap index was down by 0.55%.

The lone gaining sectoral indices on the BSE were Oil & Gas up by 0.08%, while Metal down by 1.74%, Realty down by 1.59%, Telecom down by 1.45%, Basic Materials down by 1.36%, TECK down by 1.32% were the top losing indices on BSE.

The top gainers on the Sensex were NTPC up by 1.52%, Titan Company up by 1.44%, Bajaj Finserv up by 0.43%, Trent up by 0.41% and Maruti Suzuki up by 0.18%. On the flip side, Bharti Airtel down by 3.09%, Tata Motors down by 1.78%, Mahindra & Mahindra down by 1.72%, Kotak Mahindra Bank down by 1.62% and Adani Ports & SEZ down by 1.54% were the top losers.

Meanwhile, in a historic moment towards boosting the coastal economy of the country, the Coastal Shipping Bill, 2025 was passed by the Rajya Sabha on August 07, 2025. This historic act is set to unlock the tremendous and vast potential of India’s 11,098 kms long strategic coastline, spanning nine coastal states and four union territories. 

The Bill, which was earlier passed by the Lok Sabha on April 3, 2025, seeks to simplify and modernise the legal framework governing coastal shipping, replacing Part XIV of the Merchant Shipping Act, 1958 with a new-age, progressive legislation aligned with global cabotage norms.

It introduces a simplified licensing system for coastal shipping and lays down the framework for regulating foreign vessels engaged in coasting trade. Additionally, the Bill mandates the formulation of a National Coastal and Inland Shipping Strategic Plan to guide future infrastructure development and policy direction. Once implemented, the bill is expected to significantly enhance supply-chain security by increasing Indian ships’ participation in domestic cargo movement.

The CNX Nifty is currently trading at 24404.55, down by 191.60 points or 0.78% after trading in a range of 24382.70 and 24585.50. There were 12 stocks advancing against 38 stocks declining on the index.

The top gainers on Nifty were Titan Company up by 1.62%, NTPC up by 1.58%, Dr. Reddy's Laboratories up by 0.92%, HDFC Life Insurance up by 0.67% and Trent up by 0.56%. On the flip side, Adani Enterprises down by 3.45%, Bharti Airtel down by 2.88%, Indusind Bank down by 2.15%, Shriram Finance down by 2.14% and Hindalco down by 1.88% were the top losers.

Asian equity markets were trading mixed; Nikkei 225 surged 720.85 points or 1.73 to 41,780.00, Taiwan Weighted added 17.49 points or 0.07 to 24,021.26 and Jakarta Composite gained 38.98 points or 0.52 to 7,529.16, while Hang Seng declined 297.63 points or 1.2 to 24,784.00, Straits Times fell 22.14 points or 0.52 to 4,236.01, Shanghai Composite weakened 4.54 points or 0.12 to 3,635.13 and KOSPI dropped 17.67 points or 0.55 to 3,210.01.

European equity markets were trading mostly in red; UK’s FTSE 100 decreased 9.52 points or 0.1 to 9,091.25 and Germany’s DAX lost 62 points or 0.26 to 24,130.50, while France’s CAC rose 8.08 points or 0.1 to 7,717.40.

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