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WEEKLY REPORT
The Indian equity indices registered the longest weekly losing streak of 2025, as they extended the fall in the fourth consecutive week ended July 25, which is also the first time since October 2024. The market experienced high volatility during the week, amid India-UK Free Trade Agreement (FTA), mixed earnings from India Inc, sustained foreign outflow, and uncertainties over US-India trade deal.
This week, the BSE Sensex index fell 294.64 points or 0.36 percent to finish at 81463.09, and Nifty50 declined 131.4 points or 0.52 percent to close at 24837.
During the week, Reliance Industries suffered the largest loss in market value, followed by ITC, Tata Consultancy Services, and Infosys. On the other hand, HDFC Bank, ICICI Bank, and Eternal added the most to their market capitalization.
On the sectoral, the Nifty Media index shed 5.7 percent, the Nifty Realty index declined nearly 5 percent, the Nifty IT index plunged 4 percent, Nifty Oil & Gas and FMCG indices shed 3.5 percent each. However, Nifty Bank, Pharma and Private Bank indices ended with marginal gains.
All the broader market indices ended in red with, the BSE Large-cap index down 0.7 percent, BSE Mid-cap index went down 1.70 percent and the Small-cap indices also went down 2.50 percent this week.
The Foreign Institutional Investors (FIIs) remained net sellers throughout the week, while Domestic Institutional Investors (DII) compensated with buying the equities. FIIs extended their selling in the fourth week, as they sold equities worth Rs 13,552.91 crore; however, DII bought equities worth Rs 17,932.45 crore, extending buying in 14th week.
The Indian rupee continued the fall in the third week as the local unit declined 37 paise at 86.52 per dollar on July 25 against the July 18 closing of 86.15. During the week, the rupee touched a low of 86.62 anda high of 86.20.
ECONOMY
ADB cuts India’s growth forecast
The Asian Development Bank (ADB) lowered its forecast on India’s GDP Growth for FY26 from 6.7 to 6.5 percent, due to uncertainty in global trade and the effect of higher US tariffs on Indian exports and investment flows. The report also stated that, even with current global trade tensions, which might affect manufacturing and the private sector in the near term, India is still one of the fastest-growing economies, with strong domestic consumption.
Indian pharma enters the UK’s NHS
India-UK Comprehensive Economic Trade Agreement (CETA) provides India pharma companies access to the UK’s National Health Scheme (NHS) and other government agencies, estimated at around $122 billion. NHS in England imports medicines worth $25 billion apart from medical devices, which can now be exported by Indian pharma companies easily after the CETA agreement.
STOCKS IN NEWS
IEX
Even though the shares saw an increase on the last day, the shares sank an overall 29 percent this week after reports suggested that the Central Regulatory Electricity Commission approved the implementation of power coupling with the Day Ahead Market (DAM). As part of the first phase of the new regulations, the Day-Ahead Market (DAM) will be coupled by January 2026.
Eternal
Zomato’s shares went up almost 20 percent after the company reported 90 percent year-on-year (YoY) decline in quarterly profit after tax (PAT) at Rs 25 crore in the first quarter (Q1) of financial year 2025-26 (FY26), down from Rs 253 crore in the same period a year ago, but its revenue from operations rose 70.4 percent YoY to Rs 7,167 crore in Q1, up from Rs 4,206 crore a year ago. It had reported a revenue of Rs 5,833 crore in the previous quarter.
Hexware Technologies
Shares of the company went down 14.56 percent this week, after the company posted a revenue decline in Q2. A spike in other expenses also weighed on margins. On the deal front, management said large consolidation deals remain in progress, while smaller ones are moving forward. However, slower decision-making has tempered expectations for the rest of the year.
One97 Communications
The parent of Paytm showed upward trend with nearly 6 percent increase over the week, after it reported consolidated net profit of Rs 123 crore in the quarter ended June 30, 2025 as against net loss of Rs 839 crore a year ago, aided by strong lending business and as it kept a tight lid on expenses, especially marketing and employee cost.
Shriram Finance
The BSFI major shares went down 4.38 percent this week, after the company declared its Q1 results. Its net interest income (NII) for the quarter came in at Rs 5,773 crore, falling slightly short of the estimated Rs 6,002 crore. However, it still marked a 10.3 percent year-on-year growth from Rs 5,234 crore in the same period last year.
Source – Moneycontrol, TOI