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Post Session: Quick Review
Jul-18-2025

Indian markets ended the last trading day of week with cut of over half a percent amid uncertainties looming around the India-US trade policy. After making cautious start, markets extended their losses amid foreign fund outflows. In second half of the session, indices continued their sluggish trade as traders avoided to take risk. 

Some of the important factors in today’s trade:

India's goods exports likely to face some headwinds in fiscal 2026: Investors were worried as ratings firm CRISIL in its latest report has said that India's goods exports are likely to face some headwinds in fiscal 2026, as reciprocal tariffs imposed by the US are seen to aggravate this. It said with the tariff hikes expected to come into effect from August, as India and the US are negotiating on a bilateral trade agreement and a key monitorable.

Foreign fund outflows: Some cautiousness also came as Foreign institutional investors (FIIs) remained net sellers for the second consecutive session on July 17, offloading equities worth Rs 3,694 crore.     

India should negotiate trade agreement with US on own terms: Traders paid no heed towards Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev’s statement that India should negotiate a trade agreement with the US on its own terms, keeping in view the national interest.

Global front: European markets were trading higher despite Germany's producer prices declined for the fourth straight month in June on lower energy prices. The producer price index dropped 1.3 percent year-on-year in June, faster than the 1.2 percent fall in May. This was the fourth consecutive decrease. Asian markets ended mostly in green as Japan's inflation softened more than expected in June but continued to remain above the 2 percent target.

The BSE Sensex ended at 81,757.73, down by 501.51 points or 0.61% after trading in a range of 81,608.13 and 82,334.75. There were 7 stocks advancing against 23 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index declined 0.62%, while Small cap index was down by 0.64%. (Provisional)

The only gaining sectoral index on the BSE was Metal up by 0.43%, while Capital Goods down by 1.50%, Bankex down by 1.33%, Industrials down by 1.08%, Telecom down by 0.99% and Power was down by 0.90% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Bajaj Finance up by 1.85%, Tata Steel up by 1.69%, ICICI Bank up by 0.48%, HCL Tech up by 0.37% and Infosys up by 0.21%. On the flip side, Axis Bank down by 5.25%, Bharat Electronics down by 2.39%, Kotak Mahindra Bank down by 1.79%, HDFC Bank down by 1.50% and Bharti Airtel down by 1.40% were the top losers. (Provisional)

Meanwhile, handling concerns over India’s energy security posture amid global geopolitical disruptions such as the Russia-Ukraine conflict and tensions in the Middle East, Petroleum and Natural Gas Minister Hardeep Singh Puri has said that India had proactively expanded its crude import sources from 27 to 40 countries. He noted that this diversification is a key measure to ensure uninterrupted energy access during periods of global turbulence. 

On the topic of Russian oil imports, he said that Russia remains one of the world’s top oil producers with an output exceeding 9 million barrels per day. He warned that a sudden removal of this supply from the global market - out of a total of approximately 97 million barrels per day - would have created chaos, pushing prices to between $130-$200 per barrel. 

Besides, Puri stated that India has never purchased any sanctioned cargo and that Russian oil was not under global sanctions but only a price cap, carefully structured to reflect ground realities of the international energy supply chain. He credited Prime Minister Narendra Modi’s leadership for India’s proactive and balanced approach, which has made the country a net stabilising force in global energy markets.

On the domestic front, Petroleum and Natural Gas Minister underlined the crucial role played by State governments in facilitating energy development projects. He called for mutual accountability and stronger Centre-State cooperation, adding that States that enable faster energy infrastructure should be celebrated as models of good governance.

The CNX Nifty ended at 24,968.40, down by 143.05 points or 0.57% after trading in a range of 24,918.65 and 25,144.60. There were 15 stocks advancing against 35 stocks declining on the index. (Provisional)

The top gainers on Nifty were Wipro up by 2.44%, Bajaj Finance up by 2.03%, Tata Steel up by 1.54%, ONGC up by 1.00% and Nestle up by 0.94%. On the flip side, Axis Bank down by 5.22%, Shriram Finance down by 3.00%, Bharat Electronics down by 2.34%, HDFC Life Insurance down by 1.64% and Bharti Airtel down by 1.50% were the top losers. (Provisional)

European markets were trading higher; UK’s FTSE 100 increased 24.9 points or 0.28% to 8,997.54, France’s CAC rose 44.83 points or 0.57% to 7,866.83 and Germany’s DAX was up by 95.55 points or 0.39% to 24,466.48.
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