The key equity indices ended lower for the week as investors turned cautious amid global trade uncertainties and the approaching Q1 earnings season. Sentiment was weighed down by lingering concerns over potential U.S. tariff actions, following President Donald Trump’s announcement of fresh import duties on key trade partners. Caution also prevailed ahead of a possible breakthrough in U.S.-India trade talks, with market participants awaiting clarity on potential implications for key sectors.
In the week ended on Friday, 11 July 2025, the S&P BSE Sensex tanked 942.03 points or 1.11% to settle at 82,500.47. The Nifty 50 index slumped 311.15 points or 1.22% to settle at 25,149.85. The BSE Mid-Cap index shed 0.65% to close at 46,291.20. The BSE Small-Cap declined 0.70% to end at 54,484.40.
Weekly Index Movement:
The domestic equity benchmarks ended a volatile session near the flat line on Monday as investors stayed cautious amid growing uncertainty over U.S. trade policy on Monday. The S&P BSE Sensex, rose 9.61 points or 0.01% to 83,442.50. The Nifty 50 index rose 0.30 points or 0.0% to 25,461.30.
The domestic equity benchmarks ended with modest gains on Tuesday, buoyed by positive sentiment after U.S. President Donald Trump postponed the implementation of new tariffs to August 1 on Tuesday. S&P BSE Sensex, added 270.01 points or 0.32% to 83,712.51. The Nifty 50 index rose 61.20 points or 0.24% to 25,522.50.
The domestic equity benchmarks ended with modest cuts on Wednesday, weighed down by global uncertainty after US President Donald Trump proposed steep tariffs on pharmaceutical imports—a key export segment for India. The S&P BSE Sensex, declined 176.43 points or 0.21% to 83,536.08. The Nifty 50 index fell 46.40 points or 0.18% to 25,476.10.
The domestic equity benchmarks ended with a modest cut on Thursday, declining for the second day in a row, as investors remained cautious ahead of a potential India-US trade deal and the start of the June-quarter earnings season. The S&P BSE Sensex, declined 345.80 points or 0.41% to 83,190.28. The Nifty 50 index fell 120.85 points or 0.47% to 25,355.25.
The domestic equity benchmarks ended with significant losses on Friday, declining for the third day in a row, amid global uncertainty and disappointing earnings from key companies. The S&P BSE Sensex, tumbled 689.81 points or 0.83% to 82,500.47. The Nifty 50 index dropped 205.40 points or 0.81% to 25,149.85.
Economy:
India’s foreign exchange reserves rose by $4.84 billion to $702.78 billion in the week ended June 27, the Reserve Bank of India (RBI) said on Friday, July 4.
Foreign currency assets surged by $5.75 billion to $594.82 billion. Gold reserves fell by $1.23 billion to $84.5 billion during the reported week, while special drawing rights (SDRs) rose by $158 million to $18.83 billion.
India’s reserve position with the International Monetary Fund (IMF) also increased by $176 million to $4.62 billion, central bank data showed.
Stocks in Spotlight:
Tata Consultancy Services (TCS) fell 4.54%. The IT giant reported a consolidated net profit of Rs 12,760 crore, marking a 6% year-on-year rise, while net margin stood firm at 20.1%. Revenue came in at Rs 63,437 crore, up 1.3% YoY in reported terms, although the company saw a 3.1% decline on a constant currency basis. Sequentially, the company managed to expand its operating margin by 30 basis points to 24.5%, signaling improved cost management. Cash generation remained robust with net cash from operations totaling Rs 12,804 crore, equaling 100.3% of net income. TCS also announced an interim dividend of Rs 11 per share. Its Q1 Total Contract Value (TCV) stood at $9.4 billion.
Titan Company slumped 8.88%. The company released its business updates in Q1 of the current fiscal. Titan said that its domestic jewellery operations grew 18% YoY in the quarter, led by gold price volatility affecting consumer sentiments. Titan said buyer growth was flat on YoY basis for both TMZ brands (Tanishq, Mia, Zoya) and CaratLane.
Tata Motors shed 1.06%. The company said that Jaguar Land Rover’s wholesale volumes for Q1 FY26 were 87,286 units (excluding the Chery Jaguar Land Rover China JV), down 10.7% compared with Q1 FY25.
The company’s global wholesales (including Jaguar Land Rover) declined 9% to 2,99,664 units compared with Q1 FY26. Global wholesale of all Tata Motors’ commercial vehicles and the Tata Daewoo range in Q1 FY26 was at 87,569, lower by 6% over Q1 FY25.
Mahindra & Mahindra (M&M) declined 2.76%. The company said that its total production jumped 20.15% to 83,435 units in the month of June 2025, compared with 69,441 units produced in the same period last year.
Kotak Mahindra Bank added 4.07%. The bank's average total deposits jumped 12.9% to Rs 4,91,998 crore as on 30th June 2025 compared with Rs 4,35,603 crore as on 30th June 2024. Average CASA stood at Rs 1,91,995 crore as on 30th June 2025, registering the growth of 4.2% compared with Rs 1,84,306 crore as on 30th June 2024. Net advances at the end-of-period (EOP) jumped 14% to Rs 4,44,731 crore in Q1 FY26, compared with Rs 3,89,957 crore in Q1 FY25. Total deposits (EOP) increased 14.6% to Rs 5,12,838 crore in Q1 FY26 compared with Rs 4,47,418 crore in Q1 FY25.
Hindustan Unilever (HUL) surged 7.70%. The FMCG major announced the appointment of Priya Nair as its next chief executive officer and managing director, effective 1 August 2025.
Indian Renewable Energy Development Agency (IREDA) declined 4.01%. The company’s consolidated net profit declined 35.7% to Rs 246.88 crore despite a 29.7% increase in total income to Rs 1,959.84 crore in Q1 FY26 over Q1 FY25.
Anand Rathi Wealth jumped 5%. The company reported a 27.8% jump in consolidated net profit to Rs 93.62 crore on 15.8% increase in total income to Rs 284.26 crore in Q1 FY26 over Q1 FY25.
Tata Elxsi slipped 2.27%. The company reported 21.6% decline in net profit to Rs 144.4 crore as revenue from operations fell by 3.7% to Rs 892.1 crore in Q1 FY26 as compared with Q1 FY25.
Madhya Bharat Agro Products rose 0.08%. The company’s standalone profit from continuing operation surged 145.64% year-on-year to Rs 28.20 crore in Q1 FY26, compared to Rs 11.48 crore in Q1 FY25. Revenue from operations jumped 104.48% year on year to Rs 409.68 crore in the quarter ended 30 June 2025.
Vedanta fell 3.54%. The US-based Viceroy Research said it has shorted the debt stack of Vedanta Resources (VRL), the parent company, describing it as a "financial zombie" kept alive by draining cash from its Indian subsidiary.
Vedanta has strongly refuted the allegations made in the Viceroy Research report, calling it a "malicious combination of selective misinformation and baseless allegations." The company claims the report was released without any attempt to reach out for clarification and is intended solely to create false propaganda and profit from market reaction.
Signatureglobal (India) shed 0.65%. The company reported a 63% quarter-on-quarter (QoQ) increase in pre-sales to Rs 2,640 crore in Q1 FY26, compared to Rs 1,620 crore in Q4 FY25.
Global Markets:
U.K. gross domestic product (GDP) fell by 0.1% in May on a monthly basis, following a 0.3% contraction in April, the largest decline since October 2023.
The Bank of Korea held interest rates steady at 2.5%, signaling a readiness to ease policy further amid ongoing economic challenges.
The China's producer price index tumbled 3.6% in June from a year earlier, the sharpest drop in nearly two years. On the flip side, the consumer price index inched up just 0.1% year-on-year.
Australia's central bank held its policy rate at 3.85%.
The Federal Reserve's June meeting minutes, released Wednesday, showed most policymakers still expect rate cuts this year, though divisions are emerging. While some members are eyeing a possible cut as early as July, others see no need for any easing in 2025.