HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Key gauges end lower on Wednesday
Jul-09-2025

Indian equity benchmarks traded in a volatile but in a narrow range and ended marginally lower on Wednesday due to selling in Oil & Gas, Metal and Realty shares. With geopolitical uncertainty weighing on risk appetite, investor focus has now shifted to the Q1 earnings season, beginning with IT major TCS, which is set to announce its June quarter results tomorrow.  

Some of the important factors in today’s trade:

Employment Linked Incentive scheme to boost job creation, social security: Regional PF Commissioner-I Randhir Kumar of EPFO has said that the Employment Linked Incentive (ELI) announced in the budget for 2024-25 with an outlay of Rs 1 lakh crore, will promote job creation and provide social security.

India in talks with Australia to source rare earth minerals: Trade and Investment Commissioner, New South Wales Government, Australia, Malini Dutt has said that India is in talks with Australia to source rare earth minerals. The development assumes significance in the wake of rare earth magnet shortage caused by Chinese export restrictions.

Rupee rises marginally against US Dollar: Indian rupee appreciated marginally against the US dollar following optimism over a possible trade deal with the US and a delay in the imposition of reciprocal tariffs. However, a firm US dollar in overseas markets and crude oil staying near $70 per barrel capped the gains in the local currency.  

Telecom stocks in focus: Telecom stocks were in focus as Telecom Regulatory Authority of India report said that the total number of internet subscribers increased from 954.40 million at the end of Mar-24 to 969.10 million at the end of Mar-25 with yearly rate of growth of 1.54%.

Global front: European markets were trading higher as investors waited for an update on the U.S.-EU trade deal. Asian markets ended mostly higher despite U.S. President Donald Trump ruled out a deadline extension on tariffs set to kick off on August 1. 

Finally, the BSE Sensex fell 176.43 points or 0.21% to 83,536.08 and the CNX Nifty was down by 46.40 points or 0.18% to 25,476.10. 

The BSE Sensex touched high and low of 83,781.36 and 83,382.28 respectively. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices ended mixed; the BSE Mid cap index fell 0.05%, while Small cap index was up by 0.45%.

The top gaining sectoral indices on the BSE were FMCG up by 0.74%, Consumer Durables up by 0.47%, Auto up by 0.40%, Utilities up by 0.28% and Consumer Discretionary up by 0.24%, while Oil & Gas down by 1.41%, Metal down by 1.41%, Realty down by 1.40%, Energy down by 0.99% and TECK down by 0.71% were the top losing indices on BSE.

The top gainers on the Sensex were Bajaj Finance up by 1.40%, Hindustan Unilever up by 1.24%, Ultratech Cement up by 0.90%, Mahindra & Mahindra up by 0.62% and Power Grid Corporation up by 0.59%. On the flip side, HCL Technologies down by 2.03%, Tata Steel down by 1.82%, Tech Mahindra down by 1.39%, Reliance Industries down by 1.28% and Bharat Electronics down by 1.01% were the top losers.

Meanwhile, Auto component makers are hopeful that India will soon seal a trade deal with the US, which is the single-largest market for Indian manufacturers. The government has been regularly consulting with the auto components industry amid the ongoing talks for an interim trade deal between India and the US. The comments have come against the background of the US suspending reciprocal tariffs until August 1, 2025. The earlier deadline was ending on July 9, 2025. 

Automotive Component Manufacturers Association of India (ACMA) Director General Vinnie Mehta has said ‘our name is not in the list of the 14 countries, and we are hopeful that, you know, they would be able to sort of come out with a deal.’ He also said ‘I do not have any insights into what would be the contours of the deal. It may be a truncated one, but then there would be a second phase also. That's what I understand.’ He noted that the government has been regularly consulting with the auto parts industry on the proposed deal, while adding that the people on the other side are not so easy.

North America is the largest export market for the auto component industry and accounted for 32 per cent of the overall auto component exports in FY25. The market witnessed a growth of 8 per cent as compared with the last fiscal. Overall, auto component exports grew by 8 per cent to $22.9 billion (Rs 1,92,346 crore) in FY 2024-25 as compared with $21.2 billion (Rs 1,75,960 crore) in FY 2023-24.

The CNX Nifty traded in a range of 25,548.70 and 25,424.35. There were 21 stocks advancing against 29 stocks declining on the index.  

The top gainers on Nifty were Shriram Finance up by 1.76%, Bajaj Finance up by 1.44%, Coal India up by 1.31%, Hindustan Unilever up by 1.20% and Ultratech Cement up by 0.84%. On the flip side, HCL Technologies down by 2.05%, Hindalco down by 1.83%, Tata Steel down by 1.71%, Apollo Hospital down by 1.51% and Tech Mahindra down by 1.41% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 17.47 points or 0.2% to 8,871.65, France’s CAC rose 103.64 points or 1.33% to 7,870.35 and Germany’s DAX gained 263.65 points or 1.09% to 24,470.56.

Asian markets ended mostly higher on Wednesday after speculators’ enlarged their positions, with Seoul shares hitting a near four-year high as investors digested US President Donald Trump's renewed tariff threats targeting copper, semiconductors and pharmaceuticals. Japanese shares ended modestly higher as the yen's weakness lifted automakers. However, Chinese shares declined marginally after the release of inflation data. While CPI inflation climbed into the green for the first time since January, producer deflation deepened to its worst level in almost two years in June, data showed.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,493.05

-4.43

-0.13

Hang Seng

23,892.32

-255.75

-1.07

Jakarta Composite

6,943.92

39.53

0.57

KLSE Composite

1,529.24

-0.90

-0.06

Nikkei 225

39,821.28

132.47

0.33

Straits Times

4,057.82

9.96

0.25

KOSPI Composite

3,133.74

18.79

0.60

Taiwan Weighted

22,527.01

164.74

0.73
  RELATED NEWS >>
Most Viewed >>
June 26 , 2025
Sensex, Nifty rise nearly 1% on Iran-Israel tr
June 26 , 2025
Zerodha Fund House launches Zerodha Silver ETF
June 26 , 2025
Market to perform well in mid-long term; small
June 26 , 2025
Why are investors shying away from sectoral an
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.