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Informist, Thursday, Jul. 31, 2025

 

By Gopika Balasubramanium

 

MUMBAI – India's headline indices ended lower Thursday as investors shed stocks in the final 30 minutes of trade. But for the eleventh-hour sales, the indices would have closed higher a day after US President Donald Trump announced 25% tariff on Indian goods shipped to the US with an additional penalty for procuring crude oil and military equipment from Russia. However, early Thursday Trump took to Truth Social, his social media platform, and said New Delhi and Washington are negotiating a trade deal and India had shown a willingness to cut tariffs "very substantially", suggesting that a deal may yet be struck.

 

The Nifty 50 closed at 24768.35 points, down 86.70 points or 0.4%. Of the 50 constituents of the benchmark index, only 13 closed higher. The market breadth was negative with 62% of the 3,044 stocks traded on the National Stock Exchange closing lower. A sharp fall in index heavyweight Reliance Industries also weighed on the 50-stock index. The BSE Sensex closed at 81185.58 points, down 296.28 points or 0.4%.

 

Analysts said negatives stemming from US tariffs have already been factored in by the market. The Nifty 50 has been correcting for the past four weeks, during which time the US has signed deals with many Asian countries, including Japan, Vietnam, Indonesia, the Philippines, and South Korea. Traders were disappointed that despite continuing negotiations with the US, India has been unable to close the deal yet. Analysts expect the current situation to affect US-facing export-oriented sectors such as apparels, leather, and certain agricultural products. "Electronics, textiles, and gems & jewellery are among the most exposed sectors, likely to face significant setbacks," said Vinit Bolinjkar, head of research at Ventura Securities, in a note.

 

Textile manufacturers and exporters bore the brunt of Trump's tariff announcement. Stocks such as Faze Three, Pearl Global Industries, Gokaldas Exports, Welspun Living, Vedant Fashions, and Indo Count Industries closed 4-11% lower. The US is India's largest market for textile and apparel exports.

 

Shares of fast-moving consumer goods major Hindustan Unilever ended a little over 3% higher, making it the top gainer in the Nifty 50. The stock rose to a near-six-month high after its bottom line for the June quarter saw robust growth on year and was above the Street's expectations. Other large-cap stocks such as Jio Financial Services, Eternal, and ITC also closed 1-3% higher.

 

Adani Enterprises closed 4% lower and was the worst-hit among the Nifty 50 cosntituents. The stock fell sharply as the company's June quarter earnings disappointed the Street. The company's net profit halved on year to INR 7.34 billion owing to a sharp fall in revenue, which declined at the sharpest pace in seven quarters owing to a slowdown in resource management services and new energy operations. Tata Steel, Dr. Reddy's Laborotaries, and Sun Pharmaceutical Industries also closed 1.6-2.1% lower.

 

Among sectoral indices, the Nifty FMCG fared better than other indices to end the session 1.4% higher. Analysts are bullish on the sector for the near term as FMCG companies are heavily driven by domestic consumption and tariff uncertainties do not affect them much. All but Patanjali Foods of the 15 constituents of the Nifty FMCG ended higher. Emami was the top gainer within the pack, closing 6.3% higher after its net profit for the June quarter came in above expectations.

 

Nifty Oil & Gas was the worst-hit sectoral index, ending 1.5% lower. City gas distribution companies such as Mahanagar Gas and Adani Total Gas ended 3.4-3.7% lower and were the worst hit in the index. Oil marketers such as Indian Oil Corp. and Hindustan Petroleum Corp. also closed 1.8-2.2% down. Only Indraprastha Gas ended higher by about a percentage point.

 

Other sectoral indices such as Nifty Pharma, Nifty Metal, and Nifty Healthcare each ended over 1% lower. Pharmaceutical stocks such as IPCA Laboratories, Granules India, Lupin, and Zydus Lifesciences ended 2.5-3.6% lower. Among metal stocks, it was Hindustan Copper which fell the most and closed nearly 6% lower.

 

Among other stocks, Kaynes Technology India ended 9.5% higher and hit a near-one-month high intraday after its top line and bottom line for the June quarter rose sharply on year, with the bottom line beating the Street's expectations. HEG ended over 7% higher after its net profit for the quarter rose manifold on the back of a fall in total expenses. Sonata Software ended over 5% lower despite the company posting slightly higher consolidated net profit for Apr-Jun from a quarter ago. Indus Towers closed over 5% lower after the company posted weak June quarter results across multiple parameters such as margin and monthly sharing revenue per tower. The stock fell despite the company's bottom line beating analysts' expectations.

 

* Of the Nifty 50 stocks, 13 rose and 37 fell 

* Of the Sensex stocks, 8 rose and 22 fell

* On the NSE, 1,047 stocks rose, 1,907 fell, and 90 were unchanged

* On the BSE, 1,721 stocks rose, 2,139 fell, and 176 were unchanged

* Nifty Oil & Gas: down 1.5%; Nifty Pharma: down 1.3%; Nifty FMCG: up 1.4%

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BSE                                               NSE

Sensex: 81185.58, down 296.28 points or 0.4%      Nifty 50: 24768.35, down 86.70 points or 0.4%

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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)

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End

 

Edited by Rajeev Pai

 

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