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Markets make recovery to trade in green in late trade
Jul-04-2025

Indian equity markets slashed early losses to trade positive in late afternoon session. Investors remained optimistic after Moody's Ratings in its outlook on Asia Pacific sovereigns has said that India may be subject to lower tariffs than many countries in the Asia Pacific (APAC), which could help the economy attract further investment and become a global manufacturing base. However, gains remained capped as traders took a cautious approach ahead Trump’s tariff deadline and awaits for more clues of India-US trade deal. 

On the global front, Asian equity markets were trading mostly in red as U.S. President Donald Trump's tariff threats ahead of the July 9 deadline offset robust U.S. jobs data. European equity markets were trading lower after German factory orders decreased 1.4 percent from a month ago in May as the sharp fall in domestic demand offset the rise in orders from non-euro area economies.

The BSE Sensex is currently trading at 83364.75, up by 125.28 points or 0.15% after trading in a range of 83015.83 and 83441.95. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index gained 0.08%, while Small cap index was down by 0.01%.

The top gaining sectoral indices on the BSE were Oil & Gas up by 0.88%, Energy up by 0.62%, Healthcare up by 0.61%, IT up by 0.54% and Realty up by 0.53%, while Metal down by 0.47%, Consumer Discretionary down by 0.43%, Telecom down by 0.33%, Auto down by 0.24% and Basic Materials down by 0.23% were the losing indices on BSE.

The top gainers on the Sensex were Bajaj Finance up by 1.61%, Hindustan Unilever up by 1.12%, Infosys up by 1.04%, HCL Technologies up by 0.75% and ICICI Bank up by 0.73%. On the flip side, Trent down by 11.40%, Tata Steel down by 1.78%, Tech Mahindra down by 1.29%, Maruti Suzuki down by 0.85% and Adani Ports & SEZ down by 0.77% were the top losers.

Meanwhile, with an aim to foster healthy competition, bring in new technologies and align with modern TV viewing habits, the Ministry of Information and Broadcasting has proposed amendments to the Policy Guidelines for Television Rating Agencies, originally issued in 2014. The proposed draft removes some restrictive provisions for media houses to allow more players besides the current Broadcast Audience Research Council (BARC) to democratise & modernise the television audience measurement ecosystem in India.

Television viewing habits in India have undergone a significant transformation in recent years. Audiences now consume content not only through cable and DTH platforms but also via smart TVs, mobile applications, and other online streaming platforms. BARC is currently the only agency providing TV ratings and it does not track connected TV device viewership, despite it being a major trend. Existing policies had entry barriers that discouraged new players from entering the TV ratings sector. Besides, cross-holding restrictions prevented broadcasters or advertisers from investing in rating agencies. To fix these problems, the Ministry has drafted key amendments to the existing guidelines. 

The proposed amendments aim to allow multiple agencies to foster healthy competition, bring in new technologies, and provide more reliable and representative data especially for connected TV platforms. The amendments will also enable more investments from broadcasters, advertisers, and other stakeholders to improve rating technology and infrastructure. With these reforms, India aims to build a more transparent, inclusive, and technology-driven TV rating ecosystem.

The CNX Nifty is currently trading at 25396.90, down by 8.40 points or 0.03% after trading in a range of 25331.65 and 25458.65. There were 22 stocks advancing against 28 stocks declining on the index.

The top gainers on Nifty were Bajaj Finance up by 1.58%, Wipro up by 1.10%, Infosys up by 1.00%, Hindustan Unilever up by 0.95% and Dr. Reddy's Laboratories up by 0.88%. On the flip side, Trent down by 11.52%, Tata Steel down by 2.04%, Eicher Motors down by 1.39%, Tech Mahindra down by 1.18% and Indusind Bank down by 0.82% were the top losers.

Asian markets were trading mostly in red; Hang Seng declined 115.89 points or 0.48% to 23,954.05, Jakarta Composite plunged 14.19 points or 0.21% to 6,863.86, KOSPI dropped 62.37 points or 2.04% to 3,053.90, Taiwan Weighted lost 165.47 points or 0.73% to 22,547.50 and Straits Times fell 10.07 points or 0.25% to 4,009.50, while Nikkei 225 surged 18.51 points or 0.05% to 39,804.41 and Shanghai Composite strengthened 20.34 points or 0.58% to 3,481.49.

European markets were trading lower; FTSE declined 36.74points or 0.42% to 8,786.46, DAX fell 195.96 points or 0.82% to 23,738.17 and CAC plunged 85.56 points or 1.1% to 7,668.99.

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