Indian equity benchmark -- Nifty -- snapped three-day losing streak on Tuesday. Index made a negative start following broadly negative cues from other Asian markets. Soon, index started wavering in red and green terrain. Traders remained cautious as the government data showed that India's industrial production growth slowed to a 10-month low of 1.5 per cent in June 2025 due to poor performance of mining and power sectors, which were impacted by excess rains especially in second half of the month. Continued outflows by Foreign Institutional Investors (FIIs), also dampened investors sentiments. FIIs sold equities worth Rs 6,082.47 crore on Monday, as per exchange data.
However, in second half of the session, index erased all its losses and gained traction. Market participants took note of finance ministry’s monthly review report suggesting that there is room for further easing of interest rate by the Reserve Bank of India (RBI). The report noted that the retail inflation, based on Consumer Price Index (CPI), remained below 4 per cent since February and it further declined to more than six-year-low of 2.82 per cent in the month of May. In last leg of the trade, index extended its gains and closed above 24,800 mark.
All sectorial indices ended in green. The top gainers from the F&O segment were Tata Chemicals, Birlasoft, and Granules India. On the other hand, the top losers were Indian Energy Exchange, Petronet LNG and Mazagon Dock Shipbuilders. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.
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