Post Session: Quick Review

After witnessing choppy session, Indian equity benchmarks ended in negative terrain, with both Nifty and Sensex closing near day’s low points ahead of July’s domestic inflation data to be released later in the day.  After making a negative start, soon indices turned volatile for most part of the session, amid ongoing tariff concerns and foreign fund outflows. In last leg of trade, markets extended their losses and ended in red.

Some of the important factors in today’s trade:

Foreign fund outflow: Some concerns came with exchange data showing that Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,202.65 crore on Monday. 

Trump tariffs to impact 55% of total merchandise exports to US: Traders were cautious as Minister of state for finance Pankaj Chaudhary said that the additional tariff announced by the US will impact about 55% of Indian exports to the world’s biggest economy.

Government focusing on 50 countries to boost exports: Traders took note of report that government is working on measures to boost India's exports, including targeting 50 countries in regions such as the Middle East and Africa, amid the heavy tariffs imposed by the US on Indian goods.

Global front: European markets were trading mostly in green, amid easing trade tensions. Asian markets ended mostly in green as the U.S. extended its pause on higher tariffs for Chinese goods until November 10.

The BSE Sensex ended at 80235.59, down by 368.49 points or 0.46% after trading in a range of 80164.36 and 80997.67. There were 13 stocks advancing against 17 stocks declining on the index. (Provisional)

The broader indices ended in mixed; the BSE Mid cap index was down by 0.25%, while Small cap index up by 0.04%. (Provisional)

The top gaining sectoral indices on the BSE were Oil & Gas up by 0.60%, Auto up by 0.58%, Healthcare up by 0.42%, Utilities up by 0.38% and Energy up by 0.37%, while Bankex down by 0.83%, Capital Goods down by 0.76%, Realty down by 0.75%, Consumer Durables down by 0.51% and Telecom down by 0.46% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Maruti Suzuki up by 2.06%, Tech Mahindra up by 1.90%, Mahindra & Mahindra up by 1.66%, NTPC up by 1.17% and Sun Pharma up by 0.91%. On the flip side, Bajaj Finance down by 2.94%, Trent down by 1.36%, Hindustan Unilever down by 1.35%, HDFC Bank down by 1.28% and Eternal down by 1.28% were the top losers. (Provisional)

Meanwhile, the Lok Sabha has passed the revised Income Tax Bill, 2025 without any debate. The new Income Tax Bill will allow individuals to claim TDS refunds even if they fail to file I-T return within due date. The new Income Tax Bill, which from April 1, 2026, will replace the Income Tax Act, 1961.

The bill cuts down wordage and chapters by almost half and writes the clauses in simpler and easy to understand language. It does away with the confusing concepts of assessment year and previous year, replacing them with easier to understand 'tax year'. The new Income Tax Bill provides for 'nil' TCS on Liberalised Remittance Scheme (LRS) remittances for education purposes financed by any financial institutions.

The original Income Tax Bill, 2025, which was introduced in February, was withdrawn by the Finance Minister on Friday August 8, 2025). The Minister on Monday (August 11, 2025) came up with a revised bill incorporating almost all recommendations of the Select Committee which had scrutinised the original bill. The Select Committee had suggested that the government should modify the provisions relating to TDS claims by those who fail to file ITR before the stipulate due date.

The CNX Nifty ended at 24487.40, down by 97.65 points or 0.40% after trading in a range of 24465.65 and 24702.60. There were 18 stocks advancing against 32 stocks declining on the index. (Provisional)

The top gainers on Nifty were Tech Mahindra up by 2.03%, Maruti Suzuki up by 1.93%, Hero MotoCorp up by 1.82%, Mahindra & Mahindra up by 1.58% and NTPC up by 1.18%. On the flip side, Bajaj Finance down by 2.83%, Trent down by 1.43%, Hindustan Unilever down by 1.37%, Eternal down by 1.33% and HDFC Bank down by 1.29% were the top losers. (Provisional)

European markets were trading mostly in green; UK’s FTSE 100 increased 23.63 points or 0.26% to 9,153.34, and France’s CAC rose 6.48 points or 0.08% to 7,705.00, while Germany’s DAX lost 112.54 points or 0.47% to 23,968.80.

Asian markets settled mostly higher on Tuesday ahead of a key US inflation report due later in the day that might shape the US Federal Reserve's interest rate path. Japanese markets outperformed, the highest closing ever, as traders returned to their desks after a holiday on Monday. Chinese and Hong Kong shares gained as the United States and China confirmed a 90-day extension of their trade truce, as expected. This keeps tariffs steady until November. However, Seoul shares declined as investors were awaiting the outcome of consultations between the government and the ruling party on scrapping earlier plans to tighten capital gains tax rules.