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EQUITY
Key indices end higher on fag-end buying
Jul-08-2025

Indian equity benchmarks ended higher on Tuesday helped by late-hour buying in Realty, Banking and Power shares as well as positive trends in the Asian markets. Also, a positive sentiment prevailed among investors amid hopes of favourable outcome of India-US trade deal ahead of Donald Trump tariff deadline.

Some of the important factors in today’s trade: 

BRICS vital platform for advancing inclusive multilateralism during uncertainties: Finance Minister Nirmala Sitharaman has said BRICS is a vital platform for advancing inclusive multilateralism especially when global institutions are facing a crisis of legitimacy and representation. 

Rupee rises against US Dollar: Indian rupee rose against the US dollar on the back of a decline in global crude oil prices and a weaker greenback. Foreign fund inflows and firm domestic equity markets further boosted the rupee.

US extends suspension of reciprocal tariffs on India until August 1: Offering relief to Indian exporters and fostering ongoing trade negotiations, the US has extended the suspension of reciprocal tariffs on India until August 1, 2025. This extension allows both nations additional time to resolve outstanding issues and potentially finalize an interim trade deal. 

Cement stocks in watch: Cement stocks were in watch as the rating agency Crisil in its latest report estimated that India’s cement demand growth to recover to 6.5%-7.5% this fiscal (2025-2026), after falling to around 5% last fiscal (2024-2025). 

Global front: Asian markets settled mostly higher, while European markets were trading mostly in green as U.S. President Donald Trump gave an additional three-week grace period for tariff negotiations after unveiling new tariff rates for 14 trading partners. 

Finally, the BSE Sensex rose 270.01 points or 0.32% to 83,712.51 and the CNX Nifty was up by 61.20 points or 0.24% to 25,522.50. 

The BSE Sensex touched high and low of 83,812.31 and 83,320.95 respectively. There were 18 stocks advancing against 12 stocks declining on the index.

The broader indices ended mixed; the BSE Mid cap index rose 0.01%, while Small cap index was down by 0.17%.

The top gaining sectoral indices on the BSE were Realty up by 1.08%, Bankex up by 0.72%, Power up by 0.70%, Utilities up by 0.68% and PSU up by 0.52%, while Consumer Durables down by 1.68%, Healthcare down by 0.81%, Telecom down by 0.47%, Auto down by 0.37% and FMCG down by 0.25% were the top losing indices on BSE.

The top gainers on the Sensex were Kotak Mahindra Bank up by 3.61%, Eternal up by 1.89%, Asian Paints up by 1.69%, NTPC up by 1.64% and Bharat Electronics up by 1.20%. On the flip side, Titan Company down by 6.17%, Trent down by 1.12%, Axis Bank down by 0.85%, Maruti Suzuki down by 0.81% and Hindustan Unilever down by 0.72% were the top losers. 

Meanwhile, Crisil Ratings in its latest report has said that debt securitisation volumes have inched up to Rs 49,000 crore during April-June 2025 (Q1FY26) as compared to Rs 45,000 crore recorded in the year-ago period. It said the total number of originators in these securitisations, wherein a lender hands over future receivables on a single or a bunch of loans to a new entity usually on a discount, was around 90.

According to the report, issuances by non-banking financial companies (NBFCs), led by large players, posted a strong on-year growth of 24 per cent, and this helped offset the lower origination volume by banks. NBFC originations contributed to 92 per cent of the market in Q1FY26, compared to 74 per cent in FY25. The share of top-20 NBFC originators increased to 67 per cent in first quarter this fiscal compared to 56 per cent in the corresponding quarter of last fiscal. 

It said in the case of banks, where a few large private sector lenders lead originations, the activity was low on steady improvement in the overall credit-deposit ratio. From an asset class perspective, vehicle loans (including commercial vehicles and two-wheelers) held steady at 41 per cent, while mortgage-backed loans decreased to around 21 per cent from 25 per cent on year, attributing the decline to lower volumes originated by a large private bank. 

The report said lifting of regulatory curbs on a leading originator led to the share of gold-loan securitisation to surge to 11 per cent in Q1 from virtually negligible levels year-ago. Share of pass-through certificates (PTCs) rose to a decadal high of 58 per cent, while that of direct assignments (DAs) dropped to 42 per cent. Banks continue to be the mainstay when it comes to the investors, and private sector banks investing in a mix of DA and PTCs, with public sector banks are largely focused on DAs. It added that securitisation continues to be an attractive fund raising tool for financiers. Healthy retail credit growth, timely transmission of policy rate cuts and private sector banks' participation will be key to improve and sustain growth momentum of securitisation volumes this fiscal.

The CNX Nifty traded in a range of 25,548.05 and 25,424.15. There were 27 stocks advancing against 23 stocks declining on the index.  

The top gainers on Nifty were Kotak Mahindra Bank up by 3.45%, Eternal up by 1.97%, Asian Paints up by 1.85%, NTPC up by 1.63% and Grasim Industries up by 1.28%. On the flip side, Titan Company down by 5.88%, Dr. Reddy's Lab down by 2.02%, Bajaj Auto down by 1.44%, Cipla down by 1.36% and Trent down by 1.07% were the top losers.

European markets were trading mostly in green; UK’s FTSE 100 increased 15.32 points or 0.17% to 8,821.85 and Germany’s DAX gained 104.05 points or 0.43% to 24,177.72, while France’s CAC fell 5.34 points or 0.07% to 7,718.13.

Asian markets settled mostly higher on Tuesday as US President Donald Trump gave an additional three week grace period for tariff negotiations after unveiling new tariff rates for 14 trading partners. Meanwhile, traders were watching China's key inflation data due on Wednesday to gauge the health of the world's second-largest economy in the face of persistent deflation pressure and trade risks. Japanese shares gained, led by chip-related shares and weaker yen also lifted exporters. Seoul shares extended gains, despite uncertainties over US tariff policies.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,497.48

24.35

0.70

Hang Seng

24,148.07

260.24

1.08

Jakarta Composite

6,904.39

3.46

0.05

KLSE Composite

1,530.14

-7.40

-0.48

Nikkei 225

39,688.81

101.13

0.25

Straits Times

4,047.86

16.00

0.40

KOSPI Composite

3,114.95

55.48

1.78

Taiwan Weighted

22,362.27

-66.45

-0.30
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