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Informist, Friday, Aug. 1, 2025

 

By Gopika Balasubramanium

 

MUMBAI – Indian equity indices ended lower Friday and also closed in the red for the fifth straight week. Market sentiment is weak amid the US' larger-than-expected 25% tariff, effective Aug.7, and as New Delhi has still not negotiated a trade deal with Washington. Disappointing quarterly earnings coupled with expensive valuations of Indian stocks also weighed on the sentiment. Several economists have also said the tariff rate of 25%, plus penalties, could have a substantial impact on India's GDP growth for 2025-26 (Apr-Mar). 

 

"Yesterday (On Thursday), the market did not see a fall as there was short-covering post monthly expiry," a head of research at a mid-sized brokerage firm said. "That was a technical reason, and today we see the real reaction to tariff announcement, more fundamental in sense... and do not expect market to fall sharply from the current levels." Asked about how much more Nifty 50 can fall to, he said the quantum (of fall) cannot be commented on. Some analysts on Thursday had said the market has discounted the negatives arising from US tariffs. They also pointed out that there were no positive triggers for the near term for the market to recover, but their oversold positions due to recent corrections could provide gains.

 

Global sentiment was also dull, with the US' core inflation for July rising, indicating that the US President's tariffs are seeping into the wallets of consumers in the country. Asian markets were also largely negative, with South Korea's Kospi leading the losses. European markets were also in the red on Friday. Indices in France and Italy fell sharper than other indices in the region. 

 

The Nifty 50 closed at 24565.35, down 203 points or 0.8%, at its two-month low. The 50-stock index closed below its crucial support of 24600 points. On a month-on-month basis, the index snapped four consecutive months of gains. The BSE Sensex closed at 80599.91, down 585.67 points or 0.7%, at a near three-month low.

 

Pharmaceutical companies were the biggest drags on the indices, after Trump urged US pharmaceutical companies to reduce drug prices in the US to make medicines more affordable. Indian pharma companies derive a huge chunk of their revenue from the US, and this move will likely reduce the targetted market for them, Vishal Manchanda, vice president – institutional research at Systematix Group, said. "I don't think it will materialise, you cannot use regulatory procedures to reduce prices for pharma products," he said, adding that there are legal angles to it and Friday's weakness was a reaction to it. 

 

The Nifty Pharma was the worst-hit among sectoral indices. Traders shed shares of all the 20 constituents part of the sectoral index. At least four companies--Aurobindo Pharma, Granules India, Sun Pharmaceutical Industries, and Gland Pharma--ended 4.0-5.3% lower. Dr. Reddy's Laboratories, Alkem Laboratories and Divis' Laboratories closed around 3-4% lower each.   

 

Meanwhile, traders showed increased buying interest in shares of fast-moving consumer goods companies. The Nifty FMCG was the only index that closed in the green. Radico Khaitan was the top gainer within the pack and closed around 4% higher after its strong earnings for the June quarter. Large-caps such as Hindustan Unilever, Nestle India, and ITC closed over 1% higher each. Analysts were bullish on the sector as these companies are reliant on domestic consumption rather than exports. 

 

Broader market indices also came under selling pressure on Friday. This was mainly due to subdued earnings from these companies for the June quarter. The Nifty Smallcap 50 closed 1.8% lower, mainly dragged down by PNB Housing Finance and IIFL Finance closed 18% and 11% lower each. Shares of PNB Finance closed sharply lower after the company's Chief Executive Officer and Managing Director Girish Kousgi resigned. 

 

Among other stocks, shares of Suzlon Energy closed over 7% higher after the company received a 381 megawatt order from Zelestra to supply wind turbine generators across three states--Maharashtra, Tamil Nadu, and Madhya Pradesh. Shares of UPL closed 5.5% lower after the company reported a loss for the June quarter, although it was narrower than expected. Shanti Gold International closed 15.3% higher to its issue price post its debut on the NSE Friday. The stock was listed at INR 227.55, at a premium of over 14% to its issue price of INR 199.00.

 

* Of the Nifty 50 stocks, 12 rose and 38 fell 

* Of the Sensex stocks, 7 rose and 23 fell

* On the NSE, 849 stocks rose, 1,997 fell, and 85 were unchanged

* On the BSE, 1,297 stocks rose, 2,718 fell, and 154 were unchanged

* Nifty Pharma: down 3.3%; Nifty Healthcare: down 2.8%; Nifty FMCG: up 0.7%

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BSE                                               NSE

Sensex: 80599.91, down 585.67 points or 0.7%      Nifty 50: 24565.35, down 203 points or 0.8%

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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 Tanima Banerjee

 

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