Equity benchmark index Sensx and Nifty were trading marginally in the morning trade after a weak start in morning trade on Tuesday as investors stayed on the shore before the formal announcement of a business deal with America
Analysts said rally and fresh foreign fund inflow in Asian markets also helped the markets to fix the lost ground quickly.
After a silent start, the 30-cheer BSE Sensex declined by 121.55 points in the initial trade. 50-Sare NSE Nifty submerged 37.15 points to 25,424.15.
However, soon both benchmark indices recovered the initial lost ground and were doing more business. BSE Benchmark raised 86.13 points at 83,526.55, and Nifty traded 19.75 points at 25,481.05.
From Sensx firms, Kotak Mahindra Bank, Anant, Bharat Electronics Limited, Tata Motors, NTPC and Adani Port were among the major beneficiaries.
However, Titan, Mahindra and Mahindra, Sun Pharma, HCL Tech, and Trent were among Lagards.
President Donald Trump has said that the US is close to trading deal with India.
“Now, we have made a deal with the United Kingdom, we have made a deal with China … We are close to a deal with India. We have met with others and we don’t think we are going to be able to make a deal, so we have sent them a letter. If you want to play the ball, this is what you have to pay,” Trump said on Monday.
The comment came out when the Trump administration sent out the first installment of “letters” to various countries on Monday, which gave details of the tariff to apply to the products of countries entering the US.
The countries that were signed by Mr. Trump were Bangladesh, Bosnia and Herzegovina, Cambodia, Indonesia, Japan, Kazakhstan, Lao People’s Democratic Republic, Malaysia, Serbia, South Africa, South Korea, Thailand and Tuniland.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite Index and Hong Kong’s Hong Seng were trading in positive sector.
“With the announcement of unilateral tariffs on 14 countries and the boycott of India with President Trump’s comment, that ‘we are close to a deal with India’ indicates that a business deal between India and us will be announced soon. It has already been given a large extent by the market; Geozet Investments Limited said.
The US markets decreased on Monday.
Global Oil Benchmark Brent crude was 0.36% dump to $ 69.33 per barrel.
According to exchange data, foreign institutional investors (FII) bought a price of ₹ 321.16 crore on Monday (July 7, 2025). Domestic institutional investors (DII) also bought shares worth ₹ 1,853.39 crore.
After oscillating between high and climbing on Monday, Sensex finally ended at 9.61 points, or 0.01%, 83,442.50. The Nifty became unchanged at 25,461.30.
Published – July 08, 2025 10:03 am IST
