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WEEKLY REPORT
The Indian benchmark indices extended the fall in the fifth consecutive week, recording the longest weekly losing streak in two years as investors remained worried about Trump’s 25% tariff on India.
For the week, the BSE Sensex index declined 863.18 points or 1.05 percent to end at 80,599.91, while Nifty50 fell 271.65 points or 1.09 percent to close at 24,565.35.
During the week, Tata Consultancy Services lost the most in terms of market value, followed by Kotak Mahindra Bank, Bajaj Finance, and Bharti Airtel. On the other hand, Larsen & Toubro, Hindustan Unilever, and HDFC Bank added the most to their market capitalization.
On the sectoral level, the Nifty Realty index slipped 5.7 percent, the Nifty Metal index shed 3.4 percent, the Nifty PSU Bank index declined 3.2 percent, the Nifty Media index fell 3 percent; however, the Nifty FMCG index rose 3 percent.
All the broader market indices ended in red with the BSE Large-cap index down 1.2 percent, the BSE Mid-cap index down 1.8 percent, and the Small-cap indices also went down 2.50 percent this week.
The Foreign Institutional Investors (FIIs) extended their selling in the fifth consecutive week, as they sold equities worth Rs 20,524.42 crore; however, Domestic Institutional Investors (DIIs) continued their buying in the 15th week, as they bought equities worth Rs 24,300.05 crore.
The Indian rupee extended its losses in the fourth consecutive week as the dollar index approached the 100 mark. The domestic unit shed 100 paise to close at 87.52 per dollar on August 1 against the July 25 closing of 86.52. During the week, the rupee touched a low of 87.73 and high of 86.40.
ECONOMY
Manufacturing PMI rises in July
India’s manufacturing sector gained momentum in July, with the Purchasing Manager’s Index (PMI) rising to a 16-month high of 59.1, up from 58.4 in June. This marks the second straight month of the index holding firm above the 58-level, underscoring strong factory activity despite mounting global uncertainties. Sales grew at the fastest pace in nearly five years, but job creation remained weak as firms felt current staffing was sufficient. Despite the momentum, business confidence dipped to a three-year low, with companies cautious about future demand and inflation.
US unemployment rate rises to 4.2%
The U.S. economy added only 73,000 jobs in July, far below expectations, signaling a slowdown in hiring. The unemployment rate rose to 4.2%, up from 4.1% in June, while job growth figures for May and June were revised sharply downward. Long-term unemployment increased, and fewer job openings were reported, pointing to weaker labor demand. Despite this, wage growth remained steady at 3.9% year-on-year. The soft jobs data has increased the likelihood of a Federal Reserve rate cut in September.
STOCKS IN NEWS
HUL
Hindustan Unilever stocks went up 5.66 percent this week after the company reported a 6 percent year-on-year rise in consolidated net profit to Rs 2,768 crore for the quarter ended June 2025, aided by lower tax expenses and volume-led sales growth across key categories. Revenue grew 5 percent to Rs 16,323 crore, with underlying volume growth at 4 percent and underlying sales growth at 5 percent
Punjab National Bank
The bank’s shares went down 5.3 percent over the week, as the company reported a net profit of Rs 1,675 crore, a 49 percent drop from Rs 3,251 crore in the same quarter last fiscal and Rs 4,567 crore in the previous quarter. The decline was primarily due to a sharp rise in tax expenses, which jumped to Rs 5,083 crore from Rs 2,017 crore a year earlier.
Jio Financial Service
Shares of the company went over 6.5 percent after the board of financial services major and Nifty 50 company Jio Financial Services (JFSL) approved the plan to raise Rs 15,825 crore from promoter-group entities through a preferential issue of warrants. In today’s session, JFS was one of the top gainers on the Nifty.
Swiggy
Swiggy’s shares went down almost 4.6 percent this week after it reported that its net loss widened almost 96 percent year-on-year (YoY) to Rs 1,197 crore in the first quarter (Q1) of financial year 2025-26 (FY26), up from Rs 611 crore in the same period a year ago. Swiggy’s revenue from operations rose 54 percent YoY to Rs 4,961 crore in Q1, up from Rs 3,222 crore a year ago. It had reported a revenue of Rs 4,410 crore in the previous quarter.
Ather Energy
The EV two-wheeler manufacturer’s shares went up almost 5 percent after they reported a net profit of Rs 1,675 crore, a 49 percent drop from Rs 3,251 crore in the same quarter last fiscal and Rs 4,567 crore in the previous quarter. The decline was primarily due to a sharp rise in tax expenses, which jumped to Rs 5,083 crore from Rs 2,017 crore a year earlier.
Source – Moneycontrol, Financial Express