HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Markets continue to trade choppy
Jul-01-2025

Indian equity benchmarks continued to trade choppy in late trade as investors seek more clues on US trade deal negotiation ahead of President Donald Trump's July 9 tariff deadline. Traders took support of HSBC India Manufacturing Purchasing Managers’ Index indicating country’s manufacturing sector witnessed a strong growth in the month of June, reaching a fourteen-month high with improved trends in output and new orders, alongside a record upturn in employment. The HSBC India Manufacturing Purchasing Managers’ Index (PMI) surged to 58.4 in June from 57.6 in May.

On the global front, Asian equity markets are trading mixed amid ongoing optimism about trade deals ahead of the impending deadline for U.S. reciprocal tariffs early next month. European equity markets were trading lower as markets awaited clarity on trade negotiations.

The BSE Sensex is currently trading at 83685.66, up by 79.20 points or 0.09% after trading in a range of 83572.51 and 83874.29. There were 14 stocks advancing against 15 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.27%, while Small cap index was down by 0.27%.

The top gaining sectoral indices on the BSE were Energy up by 0.46%, Metal up by 0.34%, Capital Goods up by 0.25%, Oil & Gas up by 0.20%, Consumer Durables up by 0.17%, while FMCG down by 0.74%, Realty down by 0.48%, IT down by 0.41%, Power down by 0.38%, Utilities down by 0.36% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 2.50%, Reliance Industries up by 1.84%, Asian Paints up by 0.97%, Ultratech Cement up by 0.83% and HDFC Bank up by 0.64%. On the flip side, Axis Bank down by 2.21%, TCS down by 1.28%, Trent down by 1.03%, Eternal down by 1.02% and Tech Mahindra down by 0.99% were the top losers.

Meanwhile, the Controller General of Accounts (CGA) in its latest data has showed that the central government's fiscal deficit for the first two months (April and May 2025) of FY26 fell to Rs 13,163 crore, or just 0.8% of the annual target, mainly due to a whopping Rs 2.69 lakh crore dividend received from the Reserve Bank of India (RBI). The fiscal deficit, or gap between the government's expenditure and revenue, had touched 11.9 per cent of the Budget Estimates (BE) for 2025-26 or Rs 1.86 lakh crore in April.

According to the CGA, the Centre estimates the fiscal deficit during 2025-26 at 4.4 per cent of the GDP or Rs 15.69 lakh crore. It stood at 3.1 per cent of BE of 2024-25 in the first two months of the previous financial year. The amount the government received under the head 'dividends and profits' was Rs 2.78 lakh crore or 86 per cent of the BE. The data on monthly accounts showed that the Government of India received Rs 7.32 lakh crore, 21 per cent of corresponding BE 2025-26 of total receipts, up to May 2025. This comprised Rs 3.5 lakh crore tax revenue (net to centre), Rs 3.56 lakh crore of non-tax revenue and Rs 25,224 crore of non-debt capital receipts.

CGA said Rs 1.63 lakh crore has been transferred to state governments as devolution of share of taxes by the Government of India, which was Rs 23,720 crore higher than the previous year. Total expenditure incurred by the Centre was Rs 7.46 lakh crore, 14.7 per cent of corresponding BE 2025-26. Of the total expenditure, Rs 5.24 lakh crore was in the revenue account and Rs 2.21 lakh crore in the capital account. Out of the total revenue expenditure, Rs 1.47 lakh crore was on account of interest payments and Rs 51,253 crore towards major subsidies.

The CNX Nifty is currently trading at 25532.65, up by 15.60 points or 0.06% after trading in a range of 25501.80 and 25593.40. There were 23 stocks advancing against 27 stocks declining on the index.

The top gainers on Nifty were Apollo Hospitals Enterprise up by 3.30%, Bharat Electronics up by 2.57%, Reliance Industries up by 1.85%, Indusind Bank up by 1.30% and Jio Financial Services up by 1.19%. On the flip side, Axis Bank down by 2.25%, Nestle down by 2.23%, Shriram Finance down by 1.51%, TCS down by 1.30% and Eternal down by 1.15% were the top losers.

Asian markets are trading mixed; KOSPI increased 17.95 points or 0.58% to 3,089.65, Taiwan Weighted added 297.7 points or 1.32% to 22,553.72, Straits Times rose 29.76 points or 0.75% to 3,994.05 and Shanghai Composite strengthened 13.32 points or 0.39% to 3,457.75, while Jakarta Composite plunged 12.32 points or 0.18% to 6,915.36 and Nikkei 225 slipped 501.06 points or 1.25% to 39,986.33.

European markets were trading lower; UK’s FTSE 100 decreased 8.57 points or 0.1% to 8,752.39, France’s CAC fell 32.71 points or 0.43% to 7,633.20 and Germany’s DAX lost 70.88 points or 0.3% to 23,838.73.
  RELATED NEWS >>
Most Viewed >>
June 25 , 2025
Top Performing Flexi Cap Funds Over The Past D
June 26 , 2025
SEBI slaps Rs 25 lakh fine on BSE for regulato
June 26 , 2025
NSE may waive fee on electricity futures trade
June 26 , 2025
Zerodha Fund House launches Zerodha Silver ETF
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.