India Stocks Review
Down as high Q1 FY27 CPI view trims rate cut hopes
This story was originally published at 18:13 IST on 6 August 2025
Register to read our real-time news.Informist, Wednesday, Aug. 6, 2025
By Simran Rede
MUMBAI – Indian headline indices closed lower Wednesday as hopes of further rate cuts reduced after the Reserve Bank of India projected consumer inflation for the first quarter of 2026-27 (Apr-Mar) at 4.9%. Moreover, threats of higher tariffs by US President Donald Trump continued to weigh on market sentiment.
The Nifty 50 closed 0.3% lower at 24574.20 points and the BSE Sensex ended down 0.2% at 80543.99 points. The market did not react much after the Monetary Policy Committee of the RBI kept the repo rate unchanged at 5.50% and retained its "neutral" stance.
Sectoral indices related to banks and financial services ended on a positive note after a volatile session. Nifty Bank and Nifty PSU were the only sectoral indices to end in the green, closing 0.2% and 0.6% higher, respectively. Nifty Financial Services and Nifty Private Bank closed marginally lower.
RBI Governor Sanjay Malhotra said the transmission of the 100-basis-point cut in the repo rate in the last policy meeting is still unfolding. He added that inflation is seen rising from the March quarter. The central bank kept the marginal standing facility and bank rates steady at 5.75% and the standing deposit facility rate at 5.25%.
Nifty Pharma and Nifty Healthcare were the worst hit among the sector indices. They ended down around 2?ch. This was after Trump's big threat to impose "small tariffs" on global pharmaceuticals imported into the US, which would be raised to 150% in a year or year-and-a-half, and then to 250%.
Around 70% of Indian pharma products are exported to highly regulated markets such as North America and Europe, according to India Brand Equity Foundation, an initiative under the Ministry of Commerce and Industry. The top five export destinations for the Indian pharma industry in FY24 were the US, the UK, South Africa, the Netherlands, and France. In Apr-Dec, the US was the largest importer of pharma products from India with a share of 32.76%, according to the report.
Nifty Realty index also fell after the RBI held rates steady. Some analysts expected the apex bank to cut the repo rate by 25 basis points in this meeting. Nifty IT was one of the worst-hit sectoral indices as the export-oriented sector is under pressure due to uncertainty around US tariffs.
All the broader market indices closed 0.8-1.2% lower, with small-cap indices falling more than their mid-cap peers. Of the Nifty 50 constituents, only 13 stocks closed higher Wednesday and only nine stocks of the 30 Sensex constituents ended higher. Volatility in the market was high, with the fear indicator India VIX closing up 2.1% at 11.9600.
Asian Paints closed more than 2% higher. It was the top Nifty 50 gainer with sharply higher volumes. More than 2.02 million shares of the company changed hands on the National Stock Exchange, over 200% higher than Tuesday. Divi's Laboratories was among the biggest laggards in the Nifty 200. The stock ended down over 4% as the company's bottom line and top line for the June quarter missed analysts' estimates.
Godfrey Philips India closed nearly 10% higher and was the top gainer in the Nifty 500. The stock closed higher for the third straight session and gained sharply for the second day after the company reported robust June quarter earnings. BSE recovered from an early fall and closed nearly 1% higher after CNBC-TV18 reported Securities and Exchange Board of India Chairman Tuhin Kanta Pandey as saying that reports about curbing weekly expiry are speculative.
Sri Lotus Developers and Realty closed over 30% higher after listing at INR 178 on the NSE, a premium of nearly 19% to its issue price of INR 150. M&B Engineering closed up more than 6?ter listing at the issue price of INR 385. National Securities Depository closed 17% higher. The stock listed at INR 880 on the BSE, a premium of 10% to its issue price of INR 800.
* Of the Nifty 50 stocks, 13 rose and 37 fell
* Of the Sensex stocks, 9 rose and 21 fell
* On the NSE, 844 stocks rose, 2,127 fell, and 100 were unchanged
* On the BSE, stocks 1,347 rose, 2,705 fell, and 152 were unchanged
* Nifty Pharma: down 2%; Nifty Healthcare: down 1.8%; Nifty PSE Bank: up 0.6%
BSE NSE
Sensex: 80543.99, down 166.26 points or 0.2% Nifty 50: 24574.20, down 75.35 points or 0.3%
S&P BSE Sensitive Index |
Nifty 50 |
Lifetime High: 85978.25 (Sept. 27, 2024) |
: Lifetime High: 26277.35 (Sept. 27, 2024) |
Record Close High: 85836.12 (Sept. 26, 2024) |
: Record Close High: 26216.05 (Sept. 26, 2024) |
2025 1st day close: 78507.41 (Jan. 1) |
: 2025 1st day close: 23742.90 (Jan. 1) |
2025 Closing High: 84058.90 (Jun. 27) |
: 2025 Closing High: 25637.80 (Jun. 27) |
2025 Closing Low: 72989.93 (Mar. 4) |
: 2025 Closing Low: 22082.65 (Mar. 4) |
2025 High (intraday): 84099.53 (Jun. 30) |
: 2025 High (intraday): 25669.35 (Jun. 30) |
2025 Low (intraday): 71425.01 (Apr. 7) |
: 2025 Low (intraday): 21743.65 (Apr. 7) |
2024 1st day close: 72271.94 (Jan. 1) |
: 2024 1st day close: 21741.90 (Jan. 1) |
2024 Closing High: 85836.12 (Sept. 26) |
: 2024 Closing High: 26216.05 (Sept. 26) |
2024 Closing Low: 70370.55 (Jan. 23) |
: 2024 Closing Low: 21238.80 (Jan. 23) |
2024 High (intraday): 85978.25 (Sep. 27) |
: 2024 High (intraday): 26277.35 (Sept. 27) |
2024 Low (intraday): 70001.60 (Jan. 24) |
: 2024 Low (intraday): 21137.20 (Jan. 24) |
2023 1st day close: 61167.79 (Jan. 2) |
: 2023 1st day close: 18197.45 (Jan. 2) |
2023 Closing High: 72410.38 (Dec. 28) |
: 2023 Closing High: 21778.70 (Dec. 28) |
2023 Closing Low: 59288.35 (Feb. 27) |
: 2023 Closing Low: 17311.80 (Oct. 17) |
2023 High (intraday): 72484.34 (Dec. 28) |
: 2023 High (intraday): 21801.45 (Dec. 28) |
2023 Low (intraday): 58699.20 (Jan. 30) |
: 2023 Low (intraday): 17098.55 (Jan. 17) |
2022 1st day close: 59183.22 (Jan. 3) |
: 2022 1st day close: 17625.70 (Jan. 3) |
2022 Closing High: 63284.19 (Dec. 1) |
: 2022 Closing High: 18812.50 (Dec. 1) |
2022 Closing Low: 51360.42 (Jun. 17) |
: 2022 Closing Low: 15293.50 (Jun. 17) |
2022 High (intraday): 63583.07 (Dec. 1) |
: 2022 High (intraday): 18887.60 (Dec. 1) |
2022 Low (intraday): 50921.22 (Jun. 17) |
: 2022 Low (intraday): 15183.40 (Jun. 17) |
2021 Closing High: 61305.95 (Oct. 14) |
: 2021 Closing High: 18338.55 (Oct. 14) |
2021 Closing Low: 46285.77 (Jan. 29) |
: 2021 Closing Low: 13634.60 (Jan. 29) |
2021 High (intraday): 61353.25 (Oct. 14) |
: 2021 High (intraday): 18350.75 (Oct. 14) |
2021 Low (intraday): 46160.46 (Jan. 29) |
: 2021 Low (intraday): 13596.75 (Jan. 29) |
2020 Closing High: 47751.33 (Dec. 31) |
: 2020 Closing High: 13981.95 (Dec. 30) |
2020 Closing Low: 25981.24 (Mar. 23) |
: 2020 Closing Low: 7610.25 (Mar. 23) |
2020 High (intraday): 47896.97 (Dec. 31) |
: 2020 High (intraday): 14024.85 (Dec. 31) |
2020 Low (intraday): 25638.90 (Mar. 24) |
: 2020 Low (intraday): 7511.10 (Mar. 24) |
2019 High (intraday): 41809.96 (Dec. 20) |
: 2019 High (intraday): 12293.90 (Dec. 20) |
2019 Low (intraday): 35287.16 (Feb. 19) |
: 2019 Low (intraday): 10583.65 (Jan. 29) |
2018 High (intraday): 38938.91(Aug. 28)) |
: 2018 High(intraday): 11760.20 (Aug. 28) |
2018 Low (intraday): 32483.8 (Mar. 23) |
: 2018 Low (intraday): 9951.9 (Mar. 23) |
2017 High (intraday): 34005.37 (Dec. 26) |
: 2017 High(intraday): 10515.10 (Dec. 26) |
End
Edited by Ashish Shirke
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe