Indian equity benchmarks continued to hover near the unchanged lines in late trade. Traders remained cautious after US Treasury Secretary Scott Bessent's comments that tariffs will be enforced starting August 1 for countries that haven't finalised an agreement with the Trump administration, fuelling uncertainty regarding the implementation of tariffs. Further, market participants took a wait-and-watch approach ahead of anticipated trade deal between U.S. and India. On the sectoral front, the Fast-Moving Consumer Goods (FMCG) stocks turned out to be the best performer of the day with BSE FMCG index surging 292.10 points or 1.45% to 20,467.93 amid uptick in volumes and demand recovery, particularly in urban markets. 

On the global front, Asian equity markets were trading mixed as U.S. President Donald Trump’s warnings of tariffs against countries aligning with BRICS policies spooked sentiment. European markets were trading mostly in red after Germany's industrial production increased unexpectedly in May and house prices in UK remained flat in June.

The BSE Sensex is currently trading at 83357.37, down by 75.52 points or 0.09% after trading in a range of 83262.23 and 83516.82. There were 12 stocks advancing against 18 stocks declining on the index.

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

The top gaining sectoral indices on the BSE were FMCG up by 1.36%, Utilities up by 0.41%, Realty up by 0.20%, Energy up by 0.18% and Oil & Gas up by 0.16%, while Telecom down by 1.35%, Metal down by 0.73%, Basic Materials down by 0.71%, IT down by 0.65%, Capital Goods down by 0.59% were the top losing indices on BSE.

The top gainers on the Sensex were Hindustan Unilever up by 2.82%, ITC up by 0.85%, Reliance Industries up by 0.77%, Trent up by 0.63% and Kotak Mahindra Bank up by 0.57%. On the flip side, Bharat Electronics down by 2.33%, Tech Mahindra down by 1.87%, Maruti Suzuki down by 1.29%, Ultratech Cement down by 1.24% and Eternal down by 1.19% were the top losers.

Meanwhile, 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. Overall automobile registrations in June 2025 stood at 20,03,873 units, up 4.84 per cent as compared with 19,11,354 units in June 2024. 

FADA stated that passenger vehicle (PV) retail sales rose 2 per cent year-on-year to 2,97,722 units in June as against 2,90,593 units in the year-ago period. Two-wheeler retails rose 5 per cent year-on-year to 14,46,387 units in June. Three-wheeler retails increased 7 per cent to 1,00,625 units while tractor registrations rose 9 per cent to 77,214 units in June. Commercial vehicle (CV) registrations went up 7 per cent to 73,367 units in June.

It said in the April-June period, overall retail sales increased 5 per cent year-on-year to 65,42,586 units as compared with 62,39,877 units in same period last fiscal year. PV sales rose 3 per cent year-on-year to 9,71,477 units. Similarly, two-wheeler registrations increased 5 per cent year-on-year to 47,99,948 units. CV and three-wheeler retail sales rose 1 per cent and 12 per cent, respectively, in the April-June period. Tractor registrations rose 6 per cent year-on-year to 2,10,174 units in the first quarter.

The CNX Nifty is currently trading at 25437.40, down by 23.60 points or 0.09% after trading in a range of 25407.25 and 25489.80. There were 22 stocks advancing against 28 stocks declining on the index.

The top gainers on Nifty were Hindustan Unilever up by 2.91%, Nestle up by 1.30%, Eicher Motors up by 1.02%, Reliance Industries up by 0.92% and ITC up by 0.88%. On the flip side, Bharat Electronics down by 2.34%, Tech Mahindra down by 1.71%, Hindalco down by 1.39%, ONGC down by 1.39% and Maruti Suzuki down by 1.27% were the top losers.

Asian markets are trading mixed; Shanghai Composite strengthened 0.81 points or 0.02% to 3,473.13, Straits Times rose 10.94 points or 0.27% to 4,024.56, KOSPI increased 5.19 points or 0.17% to 3,059.47 and Jakarta Composite gained 21.74 points or 0.32% to 6,886.93, while Hang Seng declined 28.23 points or 0.12% to 23,887.83, Nikkei 225 slipped 223.2 points or 0.56% to 39,587.68 and Taiwan Weighted lost 118.78 points or 0.53% to 22,428.72.

European markets were trading mostly in red; UK’s FTSE 100 decreased 5.65 points or 0.06% to 8,817.26 and France’s CAC fell 3.07 points or 0.04% to 7,693.20, while Germany’s DAX gained 89.81 points or 0.38% to 23,877.26.