India Stocks Review
Ends higher on optimism about Indo-US trade deal
This story was originally published at 17:23 IST on 8 July 2025
Register to read our real-time news.Informist, Tuesday, Jul. 8, 2025
By Gopika Balasubramanium
MUMBAI – Indian equity indices closed slightly higher on Tuesday, making most of the gains towards the last half an hour of trade on reports that a trade deal between India and the US is likely in a few hours.
US President Donald Trump earlier in the day extended the deadline for reciprocal tariffs to Aug. 1. Most Asian indices closed higher as sentiment was upbeat following the extension of the deadline. Trump also issued letters to 14 countries, including South Korea and Japan, notifying the new tariff rates.
The Nifty 50 closed at 25522.50 points, 61.20 points or 0.2%. Shares of financial services and information technology companies ended higher, helping the Nifty 50 to recover from the day's lows. The 50-stock index, which traded in a narrow range, closed above the key resistance of 25500 after failing to do so for four straight sessions. The BSE Sensex closed at 83712.51 points, up 270.01 points or 0.3%.
However, in contrast to headline indices, broader market indices ended lower due to selling pressure. The Nifty Smallcap 100 and the Nifty Smallcap 50 closed down 0.3% each. The Nifty Midcap 150 and the Nifty Midcap 100 indices closed down 0.1% and 0.2%, respectively.
The Nifty Realty index was the top gainer among the sectoral indices, closing 1% higher. Barring Macrotech Developers, all the stocks on the Nifty Realty index closed higher. Brigade Enterprises, Prestige Estates Projects and The Phoenix Mills were up 2-3%. Macrotech Developers ended 0.2% lower after the company's pre-sales growth in the June quarter slowed down for the second straight quarter and was slower than the company's full year guidance of 20%. The company reported a pre-sales growth of 10% in the June quarter.
Nifty Financial Services, Nifty Private Bank, and Nifty Bank indices closed 0.5-0.7%, mainly due to a rise in shares of Kotak Mahindra Bank and HDFC Bank. Shares of Kotak Mahindra Bank closed up 3.5% after the bank reported robust business in the June quarter. The bank late Monday said its advances rose 14% year-on-year as of Jun. 30.
The Nifty Consumer Durables index fell the most among the sectoral indices. The sectoral index was dragged down by sharp losses in Titan Co., which fell over 6% on disappointing jewellery sales during the quarter due to higher gold prices. The company's overall domestic jewellery sales rose 18% on year in the June quarter, but were slower than the 23% rise seen in the March quarter.
Most pharmaceutical stocks closed down, with Aurobindo Pharma and Dr.Reddy's Laboratories falling 2-3%. Global brokerage Macquarie downgraded the rating on both companies and cut target prices for a host of other stocks. The downgrade was due to limited earnings visibility, regulatory challenges, and pricing pressures. The broking firm said both companies will likely face sustained headwinds in the US generics market. Meanwhile, brokerage firm HSBC raised the rating on Divi's Laboratories to "buy" and increased the target price by nearly 60% to INR 7,900. Shares of the company closed 0.7% higher.
Of the Nifty 50 stocks, 20 rose and 30 fell
* Of the Sensex stocks, 17 rose and 13 fell
* On the NSE, 1,352 stocks rose, 1,564 fell, and 108 were unchanged
* On the BSE, 1,948 stocks rose, 2,081 fell, and 139 were unchanged
* Nifty Realty: up 1.0%; Nifty Financial Services: up 0.7%; Nifty Consumer Durables: down 2.3%
BSE NSE
Sensex: 83712.51, up 270.01 points or 0.3% Nifty 50: 25522.50, up 61.20 points or 0.2%
S&P BSE Sensitive Index | Nifty 50 |
Lifetime High: 85978.25 (Sept. 27, 2024) | : Lifetime High: 26277.35 (Sept. 27, 2024) |
Record Close High: 85836.12 (Sept. 26, 2024) | : Record Close High: 26216.05 (Sept. 26, 2024) |
2025 1st day close: 78507.41 (Jan. 1) | : 2025 1st day close: 23742.90 (Jan. 1) |
2025 Closing High: 84058.90 (Jun. 27) | : 2025 Closing High: 25637.80 (Jun. 27) |
2025 Closing Low: 72989.93 (Mar. 4) | : 2025 Closing Low: 22082.65 (Mar. 4) |
2025 High (intraday): 84099.53 (Jun. 30) | : 2025 High (intraday): 25669.35 (Jun. 30) |
2025 Low (intraday): 71425.01 (Apr. 7) | : 2025 Low (intraday): 21743.65 (Apr. 7) |
2024 1st day close: 72271.94 (Jan. 1) | : 2024 1st day close: 21741.90 (Jan. 1) |
2024 Closing High: 85836.12 (Sept. 26) | : 2024 Closing High: 26216.05 (Sept. 26) |
2024 Closing Low: 70370.55 (Jan. 23) | : 2024 Closing Low: 21238.80 (Jan. 23) |
2024 High (intraday): 85978.25 (Sep. 27) | : 2024 High (intraday): 26277.35 (Sept. 27) |
2024 Low (intraday): 70001.60 (Jan. 24) | : 2024 Low (intraday): 21137.20 (Jan. 24) |
2023 1st day close: 61167.79 (Jan. 2) | : 2023 1st day close: 18197.45 (Jan. 2) |
2023 Closing High: 72410.38 (Dec. 28) | : 2023 Closing High: 21778.70 (Dec. 28) |
2023 Closing Low: 59288.35 (Feb. 27) | : 2023 Closing Low: 17311.80 (Oct. 17) |
2023 High (intraday): 72484.34 (Dec. 28) | : 2023 High (intraday): 21801.45 (Dec. 28) |
2023 Low (intraday): 58699.20 (Jan. 30) | : 2023 Low (intraday): 17098.55 (Jan. 17) |
2022 1st day close: 59183.22 (Jan. 3) | : 2022 1st day close: 17625.70 (Jan. 3) |
2022 Closing High: 63284.19 (Dec. 1) | : 2022 Closing High: 18812.50 (Dec. 1) |
2022 Closing Low: 51360.42 (Jun. 17) | : 2022 Closing Low: 15293.50 (Jun. 17) |
2022 High (intraday): 63583.07 (Dec. 1) | : 2022 High (intraday): 18887.60 (Dec. 1) |
2022 Low (intraday): 50921.22 (Jun. 17) | : 2022 Low (intraday): 15183.40 (Jun. 17) |
2021 Closing High: 61305.95 (Oct. 14) | : 2021 Closing High: 18338.55 (Oct. 14) |
2021 Closing Low: 46285.77 (Jan. 29) | : 2021 Closing Low: 13634.60 (Jan. 29) |
2021 High (intraday): 61353.25 (Oct. 14) | : 2021 High (intraday): 18350.75 (Oct. 14) |
2021 Low (intraday): 46160.46 (Jan. 29) | : 2021 Low (intraday): 13596.75 (Jan. 29) |
2020 Closing High: 47751.33 (Dec. 31) | : 2020 Closing High: 13981.95 (Dec. 30) |
2020 Closing Low: 25981.24 (Mar. 23) | : 2020 Closing Low: 7610.25 (Mar. 23) |
2020 High (intraday): 47896.97 (Dec. 31) | : 2020 High (intraday): 14024.85 (Dec. 31) |
2020 Low (intraday): 25638.90 (Mar. 24) | : 2020 Low (intraday): 7511.10 (Mar. 24) |
2019 High (intraday): 41809.96 (Dec. 20) | : 2019 High (intraday): 12293.90 (Dec. 20) |
2019 Low (intraday): 35287.16 (Feb. 19) | : 2019 Low (intraday): 10583.65 (Jan. 29) |
2018 High (intraday): 38938.91(Aug. 28)) | : 2018 High(intraday): 11760.20 (Aug. 28) |
2018 Low (intraday): 32483.8 (Mar. 23) | : 2018 Low (intraday): 9951.9 (Mar. 23) |
2017 High (intraday): 34005.37 (Dec. 26) | : 2017 High(intraday): 10515.10 (Dec. 26) |
End
Edited by Saji George Titus
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