Domestic equity indices remained flat and were trading slightly in green in late morning deals on account of buying in Bajaj Finance, Hindustan Unilever, Asian Paints, Trent and Mahindra & Mahindra companies’ stocks. Meanwhile, broader indices were also trading in green with BSE Mid cap and Small cap gaining in the range of 0.05-0.55 percent. Positive cues from the other Asian markets supported domestic sentiments. Some support came in on report that noting ample opportunities for diversifying and expanding bilateral trade, Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva have set a target of 20 billion dollars to be achieved in the next five years. On the BSE sectoral front, traders were seen pilling up positions in FMCG, Utilities, Consumer Durables, Power and Capital Goods, while selling was witnessed in Realty, Metal, Oil & Gas, IT and TECK.

On the global front, Asian markets were trading mostly in green despite U.S. President Donald Trump ruled out a deadline extension on tariffs set to kick off on August 1. Back home, in the stock development, Union Bank of India slipped after the bank reported a sequential decline in several key operational metrics for the June 2025 quarter, despite year-on-year growth in its loan book.

The BSE Sensex is currently trading at 83736.31, up by 23.80 points or 0.03% after trading in a range of 83519.41 and 83769.84. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.06%, while Small cap index up by 0.53%.

The top gaining sectoral indices on the BSE were FMCG up by 0.70%, Utilities up by 0.68%, Consumer Durables up by 0.60%, Power up by 0.54% and Capital Goods up by 0.49%, while Realty down by 0.90%, Metal down by 0.85%, Oil & Gas down by 0.43%, IT down by 0.41% and TECK down by 0.33% were the top losing indices on BSE.

The top gainers on the Sensex were Bajaj Finance up by 1.41%, Hindustan Unilever up by 1.19%, Asian Paints up by 0.83%, Trent up by 0.77% and Mahindra & Mahindra up by 0.72%. On the flip side, Tata Steel down by 1.67%, HCL Technologies down by 1.39%, ICICI Bank down by 0.73%, Larsen & Toubro down by 0.57% and Tech Mahindra down by 0.40% were the top losers. 

Meanwhile, the auto component industry body Automotive Component Manufacturers Association of India (ACMA) has sought a national strategy on critical materials to secure electric vehicle production in the country as shortage of rare earth magnets pose potential production losses to the industry. ACMA President Shradha Suri Marwah has assured that the industry is agile and has started to work on alternative solutions to tackle the rare earth shortages. 

She highlighted that despite various geopolitical issues and supply chain challenges, the auto components industry reported a turnover of $80.2 billion for FY2025, a growth of around 10 per cent as compared with FY2024. The industry has almost doubled in past five years growing at a CAGR of 14 per cent from FY20 to FY25. She emphasized that the strong domestic demand, rising exports and increasing value addition has supported the industry growth.

Besides, she noted that as India transitions towards new-age mobility, the industry is making the necessary strides in investments, technology and localisation to serve both domestic and global markets effectively.

The CNX Nifty is currently trading at 25538.35, up by 15.85 points or 0.06% after trading in a range of 25472.05 and 25548.70. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were JIO Financial up by 1.87%, Shriram Finance up by 1.45%, Bajaj Finance up by 1.41%, Hindustan Unilever up by 1.22% and Asian Paints up by 0.86%. On the flip side, Tata Steel down by 1.65%, Hindalco down by 1.41%, HCL Technologies down by 1.35%, Apollo Hospital down by 0.74% and Dr. Reddy's Lab down by 0.72% were the top losers.

Asian markets were trading mostly in green; Jakarta Composite gained 27.39 points or 0.4% to 6,931.78, Shanghai Composite strengthened 13.89 points or 0.4% to 3,511.37, Straits Times rose 10.22 points or 0.25% to 4,058.08, KOSPI increased 19.35 points or 0.62% to 3,134.30, Nikkei 225 surged 87.51 points or 0.22% to 39,776.32 and Taiwan Weighted added 159.76 points or 0.71% to 22,522.03. However, Hang Seng declined 196.87 points or 0.82% to 23,951.20.