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Nifty ends marginally higher on Tuesday

01 Jul 2025 Evaluate

Indian equity benchmark -- Nifty -- ended marginally higher on Tuesday amid ongoing developments over Donald trump’s tariff ahead of July 09, 2025 deadline. Index made a flat-to-positive start followed by broadly positive cues from other Asian markets. Some cautiousness came as India's industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025 due to poor performance of manufacturing, mining and power sectors caused by the early onset of Monsoon. Soon, index gained some traction in green terrain but it proved short-lived and markets trimmed most of their gains to trade near neutral line. Traders took note of the government data showing that gross goods and services tax (GST) collections doubled in five years to reach an all-time high of Rs 22.08 lakh crore in the 2024-25 fiscal year, from Rs 11.37 lakh crore in FY21. In afternoon session, market remained range-bound hovering near neutral line. Finally, index managed to hold its head above the neutral line and closed above 25,500 mark.

Traders were seen piling up positions in PSU Bank, Oil & Gas and Metal stocks, while selling was witnessed in Media, FMCG and IT. The top gainers from the F&O segment were IDFC First Bank, RBL Bank, and Amber Enterprises India. On the other hand, the top losers were PG Electroplast, NMDC and Fortis Healthcare. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 24900 - 25100 puts indicating this is the trading range expectation.

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