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Nifty ends flat with positive bias on Wednesday

16 Jul 2025 Evaluate

Indian equity benchmark -- Nifty – ended flat with positive bias on Wednesday. Index made a slightly positive start followed by positive cues from other Asian markets. Soon, index slipped below neutral line amid rising concerns over US President Donald Trump’s tariffs as US president announced 19 per cent tariff on Indonesian exports under new bilateral trade agreement. However, down side remined capped as traders took note of Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev’s statement that the Indian economy is likely to grow at 6.5 per cent in the current financial year (FY26), despite geo-political tensions and trade policy uncertainties.

In afternoon session, index erased all initial losses and entered in green terrain. However, in last leg of the trade, index trimmed most of its gains but managed to end the session in green terrain. Finally, index closed above 25,200 mark.

Most of the sectorial indices ended in green except Metal and Pharma stocks. The top gainers from the F&O segment were Patanjali Foods, LIC Housing Finance, and Hindustan Petroleum Corporation. On the other hand, the top losers were Ashok Leyland, Page Industries and Amber Enterprises India. 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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