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Informist, Tuesday, Jul. 15, 2025

By Gopika Balasubramanium

MUMBAI – Domestic benchmark equity indices closed higher on Tuesday as the market cheered the low retail inflation print for June, which declined for the eighth consecutive month. The benchmark indices broke a four-session streak of losses Tuesday as sentiment was upbeat due to expectations of further rate cuts from the Reserve Bank of India on a lower inflation print, analysts said.  

The Nifty 50 closed at 25195.80 points, up 113.50 points or 0.5%. Buying interest in shares of financial services and automobile companies lifted the index higher. However, a fall in select information technology, insurance, and steel stocks capped the gains in the 50-stock index. The BSE Sensex closed at 82570.91 points, up 317.45 points or 0.4%. Broader market indices outperformed benchmark indices. The Nifty Midcap 50 and the Nifty Smallcap 100 indices closed 1% higher each.

India's headline CPI inflation fell to a 77-month low of 2.10% in June, mainly due to a high base effect. The CPI inflation was lower than the consensus estimate of 2.3% in an Informist Poll. While there are expectations of a rate cut by the RBI, the central bank will likely maintain a pause in the coming meetings, economists said. 

In an interview with CNBC-TV 18, RBI Governor Sanjay Malhotra emphasised the importance of cooling inflation and said the Monetary Policy Committee can cut the repo rate if inflation and growth stay lower. 

Among stocks, HCL Technologies closed 3.3% lower and was the weakest performer among the Nifty 50 constituents. Shares of HCL Tech fell to a two-month low as sentiment was hit after the company missed estimates for the June quarter earnings before interest and tax margins and cut guidance for EBIT margin for 2025-26 (Apr-Mar). The company's consolidated EBIT margin for the quarter was 16.3%, lower than expected. Many brokerages cut the target prices for HCL Tech and said the upside on the stock was limited. 

Life insurance company stocks such as HDFC Life Insurance Co. and SBI Life Insurance Co. also closed in the red. HDFC Life Insurance will report its June quarter earnings post-market hours. Shares of ICICI Prudential Life Insurance Co. ended 0.4% lower, reversing all the gains. The ICICI insurance arm had risen over 3% to a seven-month high after the company reported a 34% year-on-year increase in net profits and 8% growth in premium income for the June quarter. 

Automobile companies also gained on Tuesday. The Society of Indian Automobile Manufacturers said the outlook for the overall auto industry for Jul-Sept remains cautiously optimistic. The industry body also said curbs on exports of rare earth magnets from China are a concern for all automobile segments. Despite the lukewarm remarks and data from SIAM, the Nifty Auto index closed 1.5% higher and was the top gainer among the sectoral indices. Except for Ashok Leyland, all the 14 constituents closed higher. Hero MotoCorp closed nearly 5% higher amid reports that the company is looking to start operations in the UK and European region. The stock was the top gainer of the Nifty 50 index.

Among other stocks, Tejas Networks came off its lows and closed 6.5% lower. Shares of the company fell more than 10% to an over one-month low of INR 627.45 after the company's consolidated net loss widened to INR 1.94 billion in Apr-Jun from INR 718 million a quarter ago. Shares of Ola Electric Mobility closed 6.3% lower, after reversing all the early gains. Some brokerages were bullish on the company's prospects despite another relatively weak performance in the June quarter.  

Bank of Maharashtra closed nearly 2% higher. The stock rose 3% to an intraday high of INR 57.64 after the state-owned bank's net profit for the June quarter rose 23% on year. On the other hand, AWL Agri Business closed around 2% lower after the company's net profit for the quarter fell 25% on year. Shares of Himadri Speciality slipped into the red during the final hour of trading and closed 0.7% lower. The stock had risen 3.5% after the company's June quarter net profit rose over 48% on year despite a 6.8% decline in sales.   

* Of the Nifty 50 stocks, 35 rose and 15 fell

* Of the Sensex stocks, 22 rose and 8 fell

* On the NSE, 1,968 stocks rose, 961 fell, and 86 were unchanged

* On the BSE, 2,576 stocks rose, 1,478 fell, and 161 were unchanged

* Nifty Auto: up 1.5%; Nifty Healthcare: up 1.2%; Nifty Metal: up 0.04%

BSE                                               NSE

Sensex: 82570.91, up 317.45 points or 0.4%        Nifty 50: 25195.80, up 113.50 points or 0.5%

End

Edited by Saji George Titus

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