Indian markets traded in red in early afternoon session following weak cues from other Asian markets. Traders were cautious amid ongoing India-US trade talks. Besides, upcoming Q1 earnings remained in investors’ focus. Traders took note of report that the Confederation of Indian Industry (CII) President Rajiv Memani has said India needs an average nominal Gross Domestic Procut (GDP) growth rate of 10% annually. Nominal GDP is the total value of goods and services produced in a country, measured using current market prices, without adjusting for inflation, unlike real GDP. Sector wise, automobile sector remained in limelight as Federation of Automotive Dealers Associations (FADA) has said that automobile retail sales in India rose around 5 per cent year-on-year in June 2025 with all vehicle segments, including passenger vehicles and two-wheelers, witnessing growth. On the global front, Asian markets were trading mostly in red despite Japan's leading index increased more than expected in May after falling in the previous three months. The leading index, which measures future economic activity, rose to 105.3 in May from 104.2 in April.

The BSE Sensex is currently trading at 83369.96, down by 62.93 points or 0.08% after trading in a range of 83262.23 and 83516.82. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.23%, while Small cap index was down by 0.45%.

The top gaining sectoral indices on the BSE were FMCG up by 1.43%, Utilities up by 0.40%, Oil & Gas up by 0.33%, Energy up by 0.25% and Power was up by 0.04%, while Telecom down by 1.28%, Basic Materials down by 0.73%, Metal down by 0.70%, IT down by 0.53% and TECK was down by 0.47% were the top losing indices on BSE.

The top gainers on the Sensex were Hindustan Unilever up by 3.06%, ITC up by 1.03%, Asian Paints up by 0.73%, Reliance Industries up by 0.65% and Trent up by 0.65%. On the flip side, Tech Mahindra down by 1.85%, Eternal down by 1.82%, Bharat Electronics down by 1.79%, Ultratech Cement down by 1.44% and Maruti Suzuki down by 1.18% were the top losers.

Meanwhile, International Fund for Agricultural Development’s (IFAD) President, Alvaro Lario, has suggested investments worth around $75 billion are being required for small-scale farmers in India to adapt to the impact of climate change. He added that bringing finance to rural areas is a critical challenge ahead for rural communities across the world and in India. He pointed out the three important questions need to be addressed -- ‘how do we make agriculture more remunerative for farmers; how do we enhance productivity at the same time as we're tackling a lot of the climate shocks and how do we move from food security to nutrition security’.

According to the 10th agriculture census of 2015-16, small and marginal farmers with less than two hectares of land account for 86.2 per cent of all farmers in India, but own just 47.3 per cent of the farming land. He emphasized the need of financial inclusion of these farmers, highlighting that the small-scale producers, hundreds of millions of rural people, are only receiving less than one per cent of the overall global climate finance. He also lauded schemes like 'soil health card' which gives farmers personalised recommendations on how they can improve their soil health, as well as incentives to adopt treat irrigation and other water-saving technologies. He underscored the importance of focusing on how these small-scale farmers can continue increasing their income through crop diversification, improved water management, or micro irrigation systems, and also creating community seed banks or using drought tolerant seeds.

He noted that ‘agriculture accounts for around 20 per cent of GDP in India and it employs around 42 per cent of the workforce. So even though there has been a lot of progress, we believe that continuing investing in pro-poor inclusive value chain and connecting small-scale producers to markets continues to be fundamental’. He also stressed on bringing private capital into the sector by bringing a partnership of the public, the private, and the producers themselves. He added that IFAD is adopting agro-ecological approaches that are currently supporting commercially viable and sustainable value chains. According to IFAD, it has invested over $1.5 billion in India in the last 45 years, reaching over 6 million families.

The CNX Nifty is currently trading at 25432.40, down by 28.60 points or 0.11% after trading in a range of 25407.25 and 25489.80. There were 21 stocks advancing against 29 stocks declining on the index.

The top gainers on Nifty were Hindustan Unilever up by 3.06%, Tata Consumer up by 1.13%, Eicher Motors up by 1.03%, ITC up by 0.98% and JIO Financial up by 0.94%. On the flip side, Eternal down by 1.91%, Tech Mahindra down by 1.88%, Bharat Electronics down by 1.80%, Ultratech Cement down by 1.41% and Hindalco down by 1.38% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 223.2 points or 0.56% to 39,587.68, Taiwan Weighted lost 118.78 points or 0.53% to 22,428.72, Hang Seng declined 84.61 points or 0.36% to 23,831.45, Jakarta Composite plunged 3.98 points or 0.06% to 6,861.21 and Shanghai Composite was down by 1.73 points or 0.05% to 3,470.59. On the flip side, KOSPI increased 5.19 points or 0.17% to 3,059.47 and Straits Times was up by 12.76 points or 0.32% to 4,026.38.