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Nifty ends marginally lower amid ongoing concerns over trump’s tariff

14 Jul 2025 Evaluate

Indian equity benchmark -- Nifty -- ended marginally lower on Monday. Index made a flat-to-negative start amid rising concerns over US President Donald Trump’s tariff decisions. Trump on Saturday threatened to impose 30 percent tariff on imports from Mexico and other European Union starting from August 1, even as they locked in long negotiations. Soon, index extended its losses due to selling in IT and Teck stocks ahead of HCL Tech’s Q1 result. Sentiments remined weak as traders took note of RBI’s report stated that India's forex reserves dropped by $3.04 billion to $699.73 billion in the week ended July 4, 2025. Besides, the Government data showed that net direct tax collection fell 1.34 per cent to about Rs 5.63 lakh crore till July 10 of the current financial year, mainly on account on higher refunds.

In afternoon session, index continued its choppy trade at day’s low for most part of the session. Traders took note of the government data showing inflation based on wholesale price index (WPI) in India dropped to (-) 0.13% in the month of June, from 0.39% in May 2025, marking the first negative reading since the beginning of the year. However, in last leg of the trade, index trimmed some of its losses but remained in red and closed below 25,100 mark.

Most of the sectorial indices ended in green except IT, Private Bank and Oil & Gas stocks. The top gainers from the F&O segment were Vodafone Idea, Piramal Enterprises, and Mankind Pharma. On the other hand, the top losers were AU Small Finance Bank, Jio Financial Services and Mazagon Dock Shipbuilders. In the index option segment, maximum OI continues to be seen in the 25400 - 25600 calls and 24900 - 25100 puts indicating this is the trading range expectation.

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