Key gauges end with minor cuts in volatile trade on Tuesday

Indian equity benchmarks ended with minor cuts in a volatile trade on Tuesday, as a lack of clarity over the US-India trade deal ahead of the August 1 deadline and profit booking by FIIs hit the market sentiment. Mixed earnings announcements and muted global cues also kept investors on edge. 

Some of the important factors in today’s trade:

India's core sector growth slows to 1.7% in June: The government data showed India's eight core infrastructure sectors' growth slowed down to 1.7 per cent in June 2025 from 5 per cent in the same month last year. The expansion during the month under review is slightly up as compared to May, when these sectors grew 1.2 per cent.

RBI proposes ban on display of third-party products on banks' digital channels: The Reserve Bank of India (RBI) has said that third-party products and services should not be displayed on banks' digital banking channels. The 'Reserve Bank of India (Digital Banking Channels Authorisation) Directions, 2025' said banks should put in place a risk-based transaction monitoring and surveillance mechanism.

Rupee falls against US Dollar: Indian rupee pared initial gains and settled for the day down against the US dollar, amid uncertainty over the US-India trade deal ahead of the August 1 deadline. However, the weakness in the American currency and softening of crude oil prices supported the rupee at lower levels.  

EPFO logs all-time high net member addition of 20.06 lakh in May 2025: The Employees' Provident Fund Organisation (EPFO) in its latest ‘Provisional payroll data’ report has showed that 20.06 lakh net members have been added in the month of May 2025, marking the highest recorded addition since payroll data tracking began in April 2018.

Global front: Asian markets settled mostly down on Tuesday as trade tensions persisted and investors waited for clues on how companies are withstanding tariffs. European markets were trading mostly in red weighed down by some weak earnings updates and uncertainty about tariffs.

Finally, the BSE Sensex fell 13.53 points or 0.02% to 82,186.81 and the CNX Nifty was down by 29.80 points or 0.12% to 25,060.90.  

The BSE Sensex touched high and low of 82,538.17 and 82,110.63 respectively. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices ended in red; the BSE Mid cap index fell 0.62%, while Small cap index was down by 0.17%.

The lone gaining sectoral index on the BSE was Consumer discretionary up by 0.22%, while Realty down by 1.01%, Telecom down by 0.87%, Auto down by 0.78%, Healthcare down by 0.63% and IT down by 0.53% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 10.56%, Titan Company up by 1.08%, Bharat Electronics up by 0.72%, Maruti Suzuki up by 0.66% and Hindustan Unilever up by 0.65%. On the flip side, Tata Motors down by 2.04%, Adani Ports &SEZ down by 1.93%, SBI down by 1.12%, Reliance Industries down by 1.08% and Larsen & Toubro down by 1.07% were the top losers.

Meanwhile, Vice Chairman (VC) of NITI Aayog Suman Bery has said that India's sustained economic growth makes it an anchor of stability for the world, which needs new engines of growth and development models that can be scaled and shared. He said the world is navigating a period of significant economic shifts and uncertainty, which makes the international community’s collective work on Sustainable Development Goals more critical than ever. 

Bery has stated that the world needs anchors of stability, new engines of growth and development models that can be scaled and shared. India, with its unique strengths and experience, is ready and willing to offer all three. In an era of flux, India stands out as a vibrant democracy with steadily improving socio-economic indicators enabled by inclusive digital technologies, principled reforms and a focus on empowering all segments of society. Further, he said that India is committed to catalysing change across the Global South. India's development journey, marked by scale, speed and stability, offers a credible and replicable pathway for fellow developing countries. 

He said 248 million Indians are estimated to have escaped poverty in the decade between 2013-14 and 2022-23. With India today being home to the world's largest cohort of youth entering employment, the country is committed to making sure that they have a bright and productive future. India's journey demonstrates that inclusive and sustainable development is both possible and scalable. India has extended concessional finance, technology partnerships and capacity building support across developing countries, including solar energy infrastructure and digital governance tools.  

The CNX Nifty traded in a range of 25,182.00 and 25,035.55. There were 21 stocks advancing against 26 stocks declining, while 3 stocks remained unchanged on the index.

The top gainers on Nifty were Eternal up by 1.77%, Grasim Industries up by 0.33%, Wipro up by 0.21%, Jio Financial Services up by 0.20% and Bharat Electronics up by 0.19%. On the flip side, IndusInd Bank down by 0.91%, Dr. Reddy's Laboratories down by 0.25%, Tech Mahindra down by 0.21%, SBI Life Insurance Company down by 0.18% and Sun Pharmaceutical Industries down by 0.17% were the top losers.

European markets were trading mostly in red; France’s CAC fell 57.68 points or 0.74% to 7,740.54 and Germany’s DAX lost 244.6 points or 1.01% to 24,063.20, while UK’s FTSE 100 increased 2.64 points or 0.03% to 9,015.63.

Asian markets settled mostly down on Tuesday as trade tensions persisted and growing market caution ahead of a key speech by US Federal Reserve Chair Jerome Powell. Seoul shares fell, dragged down by technology shares amid uncertainties surrounding US tariff policies and upcoming corporate earnings. Japanese shares declined after the ruling coalition lost its majority in the upper house over the weekend. However, Chinese and Hong Kong shares gained after China announced over the weekend the start of construction on a $170 billion hydropower dam in Tibet.