In a volatile trading session, Indian markets managed to trade above neutral lines for the most part of the session and ended with marginal gains amid mixed macroeconomic data. Investors’ focus now shifted towards potential India-US trade deal. Indices made slightly positive start and traded with limited gains throughout the day ahead of President Donald Trump's July 9 tariff deadline. 

Some of the important factors in today’s trade:

India’s industrial growth falls to 9-month low in May: Traders were cautious as India's industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025 due to poor performance of manufacturing, mining and power sectors. The factory output, measured in terms of the Index of Industrial Production (IIP), had expanded by 6.3 per cent in May 2024.

India’s manufacturing activity rises to 14-month high of 58.4 in June: Some support came as India's manufacturing sector witnessed a strong growth in the month of June, reaching a fourteen-month high with improved trends in output and new orders, alongside a record upturn in employment. According to the survey report, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) surged to 58.4 in June from 57.6 in May. 

Bank GNPAs decline to multi-decadal low of 2.3% in March: Sentiments were positive as the Reserve Bank of India (RBI) in its half-yearly The Reserve Financial Stability Report has said that the gross non-performing assets (GNPAs) of the banking system declined to a multi-decadal low of 2.3 per cent in March 2025. 

Global front: European markets were trading lower as Eurozone inflation rose slightly in June on services costs. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May and also matched expectations. Asian markets ended mostly in green as Japan's consumer sentiment increased further in June to the highest level in four months. The seasonally adjusted consumer confidence index rose to 34.5 in June from 32.8 in May.

The BSE Sensex ended at 83,697.29, up by 90.83 points or 0.11% after trading in a range of 83,572.51 and 83,874.29. There were 12 stocks advancing against 18 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index declined 0.07%, while Small cap index was down by 0.18%. (Provisional)

The top gaining sectoral indices on the BSE were Telecom up by 0.52%, Energy up by 0.46%, Consumer Durables up by 0.43%, Metal up by 0.30% and Capital Goods was up by 0.28%, while FMCG down by 0.68%, Power down by 0.41%, Utilities down by 0.32%, IT down by 0.24% and Auto was down by 0.23% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Bharat Electronics up by 2.60%, Reliance Industries up by 1.69%, Asian Paints up by 1.18%, Ultratech Cement up by 1.06% and Kotak Mahindra Bank up by 0.83%. On the flip side, Axis Bank down by 2.17%, Trent down by 1.31%, Eternal down by 1.21%, Tech Mahindra down by 1.05% and ICICI Bank down by 0.95% were the top losers. (Provisional)

Meanwhile, the government data has showed that Gross goods and services tax (GST) collections doubled in five years to reach an all-time high of Rs 22.08 lakh crore in the FY25 fiscal year, from Rs 11.37 lakh crore in FY21. The gross GST collections touched its highest-ever level of Rs 22.08 lakh crore in FY25, registering a 9.4 per cent growth over the previous fiscal year. The average monthly collection stood at Rs 1.84 lakh crore in FY25, up from Rs 1.68 lakh crore in FY24 and Rs 1.51 lakh crore in FY22.

In 2023-24 and 2022-23, GST collections were Rs 20.18 lakh crore and Rs 18.08 lakh crore in 2022-23. In 2021-22, total gross GST collections were Rs 11.37 lakh crore, and the average monthly collection was Rs 95,000 crore. In eight years, the number of registered taxpayers under GST has risen from 65 lakh in 2017 to over 1.51 crore. GST, which was launched on July 1, 2017, completes eight years on Monday (June 30, 2025).

The government stated ‘Since its rollout, the goods and services tax has shown strong growth in revenue collection and tax base expansion. It has steadily strengthened India’s fiscal position and made indirect taxation more efficient and transparent.’ GST subsumed about 17 local taxes and 13 cesses into a five-tier structure, simplifying the tax regime. Monthly GST collection had touched a record high of Rs 2.37 lakh crore in April 2025. In May 2025, it was at Rs 2.01 lakh crore.

The CNX Nifty ended at 25,541.80, up by 24.75 points or 0.10% after trading in a range of 25,501.80 and 25,593.40. There were 24 stocks advancing against 26 stocks declining on the index. (Provisional)

The top gainers on Nifty were Apollo Hospital up by 3.51%, Bharat Electronics up by 2.55%, Reliance Industries up by 1.85%, SBI Life up by 1.32% and Asian Paints up by 1.21%. On the flip side, Nestle down by 2.24%, Axis Bank down by 2.16%, Shriram Finance down by 1.47%, Eternal down by 1.19% and Trent down by 1.18% were the top losers. (Provisional)

European markets were trading lower; UK’s FTSE 100 decreased 21.73 points or 0.25% to 8,739.23, France’s CAC fell 47.12 points or 0.62% to 7,618.79 and Germany’s DAX was down by 145.44 points or 0.61% to 23,764.17. 

Asian markets settled mostly higher on Tuesday, tracking Wall Street’s gains overnight buoyed by signs of progress in trade talks between the US and Canada as well as other trading partners, while the possibility of interest rate cuts by the US central bank also supported market sentiments. However, Japanese shares declined as the yen strengthened with lingering concerns over the impact from US President Donald Trump’s tariff agenda, with just over a week left until his deadline for imposing higher levies. Hong Kong market was closed for the special administrative region establishment day.