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Indian Equity Benchmarks Trade Flat Amid Rising Crude Oil Prices and Uncertainty Over India-US Trade Agreement

Strategic Insights

— 1 min read

Indian equity benchmarks continued to trade flat in morning deals, as rising crude oil prices and uncertainty over the India-US trade agreement kept investor sentiments muted. Traders remained cautious as provisional data from the National Stock Exchange showed foreign portfolio investors (FPIs) stayed net sellers of Indian shares for the seventh consecutive session on Tuesday as they sold stocks worth Rs 4,636.6 crore.

Key Takeaways:

  • The BSE Mid cap index fell 0.12%, while Small cap index was up by 0.10%.
  • Foreign portfolio investors (FPIs) have sold shares worth Rs 13,886 crore in July so far and Rs 14,590 crore in the previous month.
  • In 2025 so far, the FPIs have net sold equities worth Rs 91,787 crore.
  • The International Monetary Fund (IMF) has revised India's economic growth forecast to 6.4 percent for 2025, up from its earlier projection of 6.2 percent.
  • Revenue growth of 18 large states, which account for over 90% of the gross state domestic product, is likely to witness a marginal uptick at 7-9% to Rs 40 lakh crore this financial year (FY26), according to Crisil Ratings.
  • Maharashtra, Gujarat, Karnataka, Tamil Nadu, and West Bengal are among the 18 large states.
  • The top gainers on the Sensex were Larsen & Toubro up by 4.19%, Asian Paints up by 1.57%, Sun Pharma up by 1.17%, NTPC up by 1.11%, and Axis Bank up by 0.92%.
  • On the other hand, Tata Motors down by 3.36%, Hindustan Unilever down by 1.02%, Eternal down by 1.01%, Reliance Industries down by 0.90%, and Bajaj Finserv down by 0.84% were the top losers.

Statistics:

  • Foreign portfolio investors (FPIs) have sold shares worth Rs 4,636.6 crore in the last session.
  • In July so far, FPIs have sold shares worth Rs 13,886 crore, while in the previous month, they sold shares worth Rs 14,590 crore.
  • Since the beginning of 2025, FPIs have net sold equities worth Rs 91,787 crore.
  • The IMF has revised India's economic growth forecast to 6.4 percent for 2025.
  • Crisil Ratings has predicted revenue growth of 18 large states to witness a marginal uptick at 7-9% to Rs 40 lakh crore this financial year (FY26).

Sources:

  • National Stock Exchange (NSE)
  • International Monetary Fund (IMF)
  • Crisil Ratings
  • Accord Fintech Pvt. Ltd. (distributed by Contify.com)

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