FX.co ★ India Stocks Down Slightly

The BSE Sensex experienced a dip of 153 points, equivalent to 0.2%, settling at 82,416 during Wednesday’s morning trade session. This downturn halted the advancement seen in the previous session, as traders exercised caution amidst the ongoing trade negotiations between the US and India. Investor sentiment was dampened further by fears of accelerating US inflation coupled with President Trump’s renewed threats to impose 30% tariffs on imports from the EU and Mexico. This added to the global inflationary pressures already affecting markets. Additionally, investors remained cautious in anticipation of significant corporate earnings reports, with major companies like Tech Mahindra and ITC Hotels poised to release their results later in the day. Despite the decline, there was a silver lining as positive trade data revealed that India’s trade deficit had narrowed in June 2025 for the first time in three months. The auto and metal sectors mainly contributed to the Sensex’s decline, with significant losses seen in companies such as Tata Motors (-1.1%), Tata Steel (-1.0%), Mahindra & Mahindra (-0.9%), Asian Paints (-0.8%), and JSW Steel (-0.8%). On the upside, Tech Mahindra and ITC Hotels both enjoyed a modest increase of 0.4% as they prepared to announce their earnings.