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Indian Markets Trade at Day's Low Levels Amid Concerns of U.S.-China Trade Deal

Strategic Insights

— 2 min read

Indian markets traded at day's low levels in early afternoon session as traders avoided taking risk ahead of India's inflation data, while concerns over the U.S.-China trade deal and a report suggesting India and the European Union should work towards a free trade agreement also weighed on investors' minds. Despite Commerce and Industry Minister Piyush Goyal's statement that India's exports of goods and services will certainly cross $825 billion in 2025-26, the BSE Sensex declined 0.37% and the CNX Nifty fell 0.38%. The broader indices, including the BSE Mid cap and Small cap indexes, also declined, with only the Healthcare and Telecom sectoral indices reporting gains.

Key Takeaways:

  • The BSE Sensex declined 0.37% to 82,208.77, while the CNX Nifty fell 0.38% to 25,044.80.
  • Traders avoided taking risk ahead of India's inflation data and were cautious about the U.S.-China trade deal.
  • Swedish Minister for International Development Cooperation and Foreign Trade Benjamin Dousa suggested that India and the European Union should work towards a free trade agreement to address tariff and non-tariff barriers.
  • Commerce and Industry Minister Piyush Goyal stated that India's exports of goods and services will certainly cross $825 billion in 2025-26.
  • The Healthcare and Telecom sectoral indices were the only gaining sectors on the BSE, with the Healthcare index rising 0.64% and the Telecom index gaining 0.03%.
  • Tata Motors, Tata Steel, Hindustan Unilever, Eternal, and Mahindra & Mahindra were the top losers on the BSE Sensex, while Asian Paints, Bajaj Finserv, Sun Pharma, Tech Mahindra, and Bajaj Finance were the top gainers.
  • Asian markets were trading mixed, with the KOSPI index rising 0.44%, the Straits Times index gaining 0.21%, and the Shanghai Composite index strengthening 0.01%.
  • Swedish Minister Benjamin Dousa noted that India can become a trusted manufacturing hub if it can continue to attract foreign direct investments, and that Sweden can help India increase its share of manufacturing in its GDP.

Statistics:

  • BSE Sensex: 82,208.77 (down 306.37 points or 0.37%).
  • CNX Nifty: 25,044.80 (down 96.60 points or 0.38%).
  • BSE Mid cap index: down 0.71%.
  • BSE Small cap index: down 0.46%.
  • Top gainers on the BSE Sensex: Asian Paints up 1.66%, Bajaj Finserv up 1.37%, Sun Pharma up 1.02%, Tech Mahindra up 0.41%, and Bajaj Finance up 0.21%.
  • Top losers on the BSE Sensex: Tata Motors down 1.68%, Tata Steel down 1.60%, Hindustan Unilever down 1.27%, Eternal down 1.23%, and Mahindra & Mahindra down 1.20%.
  • Global market indices: KOSPI up 0.44%, Straits Times up 0.21%, Shanghai Composite up 0.01%, Jakarta Composite down 0.21%, Taiwan Weighted down 0.82%, Hang Seng down 0.91%, and Nikkei 225 down 0.65%.

Sources:

  • Accord Fintech Pvt. Ltd.
  • Contify.com

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