Mumbai, July 16, 2025 — Indian equity benchmarks ended Wednesday’s session with modest gains following a volatile trading day, as investors weighed corporate earnings and developments surrounding a potential India–US trade agreement.
The BSE Sensex rose 63.57 points, or 0.08%, to close at 82,634.48, recovering from early losses. The NSE Nifty 50 edged up 16.25 points, or 0.06%, settling at 25,212.05, with resistance noted near the 25,260 mark—identified as a key Fibonacci retracement level.
Market sentiment remained cautious, driven by mixed Q1 earnings and uncertainty over proposed US tariffs. Despite this, technical indicators showed resilience, with the Nifty sustaining above its 50-day moving average, suggesting a positive short-term trend.
Among sectoral indices, Nifty PSU Bank led the gains, climbing 1.81%, buoyed by strong performances from Punjab National Bank, Canara Bank, SBI, and others. Other sectors including IT, auto, energy, FMCG, and realty also ended in the green. However, financial services, metal, and pharma sectors closed lower.
Top gainers on the Sensex included Mahindra & Mahindra, Tech Mahindra, State Bank of India, Infosys, and Adani Ports, while Sun Pharma, Tata Steel, Tata Motors, and Bajaj Finance were among the top losers.
In the broader market, the NSE Midcap 100 remained flat with a slight positive bias, and the Nifty Smallcap 100 gained 0.03%. Market breadth was marginally positive, with 264 stocks in the Nifty 500 universe ending with gains.
The India VIX, a measure of market volatility, declined 2.09% to 11.24, indicating subdued near-term volatility. Meanwhile, the Indian Rupee showed intraday volatility, initially weakening against the US dollar before recovering mid-session due to dollar supply. Analysts expect the USD-INR pair to consolidate between 85.50 and 86.30 in the near term.
As investors continue to monitor Q1 earnings and trade negotiations, analysts anticipate a phase of consolidation, with technical resistance and macroeconomic cues shaping market direction in the coming weeks.
