HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Key gauges end lower on fresh foreign fund outflows
Jul-17-2025

Indian equity benchmarks mostly remained under selling pressure throughout the day and ended nearly half a percent lower on Thursday following selling in IT, TECK and Banking shares and investors remained in a wait-and-watch mode ahead of the outcome of the US-India trade talks. Fresh foreign fund outflows and subdued quarterly earnings dented investors' sentiment.  

Some of the important factors in today’s trade:

RBI to 'wait and watch’ before further rate cuts: RBI Governor Sanjay Malhotra has said that Reserve Bank will ‘wait and watch’ the evolving situation before deciding on any further rate cut, as he emphasised that both growth and price stability are equally important. 

Rupee falls against US Dollar: Indian rupee declined against the US dollar amid a stronger greenback, outflow of foreign funds and volatile global crude oil prices. Selling trend in the domestic equity markets and uncertainties over the outcome of the ongoing India-US trade talks further pressured the rupee.

RBI’s commitment to keep sufficient liquidity to facilitate transmission in rate cut in 2025: Fitch Ratings has said the Reserve Bank of India’s (RBI’s) substantial liquidity infusions into the banking system since early 2025 and its commitment to keep sufficient liquidity in the system will facilitate transmission of 100 basis points rate cut in 2025.

Cabinet approves Rs 24,000 crore agricultural scheme: The Cabinet has approved Prime Minister Dhan-Dhaanya Krishi Yojana for a period of six years, covering 100 districts with an annual outlay of Rs 24,000 crore.

Positive global cues: European markets were trading higher on optimism over a potential trade deal between the United States and the European Union. Asian markets ended mostly higher on Thursday after U.S. President Donald Trump denied that he plans to fire Federal Reserve Chairman Jerome Powell. 

Finally, the BSE Sensex fell 375.24 points or 0.45% to 82,259.24 and the CNX Nifty was down by 100.60 points or 0.40% to 25,111.45. 

The BSE Sensex touched high and low of 82,757.09 and 82,219.27 respectively. There were 7 stocks advancing against 23 stocks declining on the index.

The broader indices ended in green; the BSE Mid cap index rose 0.07%, while Small cap index was up by 0.30%.

The top gaining sectoral indices on the BSE were Realty up by 1.22%, Metal up by 0.62%, Basic Materials up by 0.42%, FMCG up by 0.32% and Healthcare up by 0.28%, while IT down by 1.33%, TECK down by 1.06%, Bankex down by 0.51%, PSU down by 0.42% and Utilities down by 0.25% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 1.62%, Trent up by 0.68%, Titan Company up by 0.45%, Tata Motors up by 0.41% and Ultratech Cement up by 0.30%. On the flip side, Tech Mahindra down by 2.76%, Infosys down by 1.61%, HCL Technologies down by 1.20%, Eternal down by 0.97% and Larsen & Toubro down by 0.78% were the top losers.

Meanwhile, In a sign that Indian companies are keen on expanding their global footprints, the Reserve Bank of India (RBI) in its latest report has showed that outward foreign direct investment (OFDI) by domestic firms has seen a jump of 73.77% to $5,030.48 million in June 2025 as against $2,894.90 million in June 2024. In May 2025, they stood at $2,702.92 million.

OFDI has three components - equity, loan and guarantee issued. In June 2025, overseas FDI by local companies in the form of equity stood at $2,039.57 million, over a three-fold rise against $670.69 million invested in June 2024. Equity commitments stood at $987.13 million in May 2025.

Under the loan category, OFDI by Indian companies was $585.55 million in June 2025 as compared to $454.29 million in the same month last year, higher by 28.89%. Besides, the guarantee issued by domestic firms also increased to $2,405.36 million in June 2025, as against $1,769.92 million in June 2024, recoding a rise of 35.90%

The CNX Nifty traded in a range of 25,238.35 and 25,101.00. There were 19 stocks advancing against 31 stocks declining on the index.

The top gainers on Nifty were Tata Consumer Product up by 2.01%, Tata Steel up by 1.68%, Hindalco up by 1.79%, Mahindra & Mahindra up by 0.61% and Trent up by 0.59%. On the flip side, Tech Mahindra down by 2.72%, Indusind Bank down by 1.90%, Infosys down by 1.67%, Wipro down by 1.54% and SBI Life Insurance down by 1.46% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 43.48 points or 0.49% to 8,970.03, France’s CAC rose 76.19 points or 0.99% to 7,798.28 and Germany’s DAX gained 209.24 points or 0.87% to 24,218.62.

Asian markets ended mostly higher on Thursday tracking Wall Street’s gains overnight after US President Donald Trump denied plans to fire Federal Reserve Chairman Jerome Powell, helping ease Fed independence fears. Japanese shares advanced, led by technology shares and ahead of a closely watched upper house election on Sunday, while weakening yen also bolstered sentiment. On the economic data front, Japan posted a seasonally adjusted merchandise trade surplus of 153.1 billion yen in June, the Ministry of Finance said. That was shy of estimates for a surplus of a surplus of 353.9 billion yen following the downwardly revised 638.6 billion yen deficit in May (originally a 637.6 billion yen shortfall). Exports were down 0.5 percent on year, missing forecasts for a gain of 0.5 percent after sinking 1.7 percent in the previous month.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,516.83

13.05

0.37

Hang Seng

24,498.95

-18.81

-0.08

Jakarta Composite

7,287.02

95.00

1.30

KLSE Composite

1,520.94

9.44

0.62

Nikkei 225

39,901.19

237.79

0.60

Straits Times

4,161.43

29.18

0.70

KOSPI Composite

3,192.29

5.91

0.19

Taiwan Weighted

23,113.28

70.38

0.30
  RELATED NEWS >>
Most Viewed >>
July 04 , 2025
DSP MF breaks new ground with India’s first re
July 05 , 2025
GoM on GST meets to take up falling mop up, cu
July 05 , 2025
Moderate expectations on market returns; insur
July 07 , 2025
International mutual funds rose up to 6% last
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.