Markets Stumble as TCS Misses and Trump Tariffs Rattle Investors

Indian Developments

Indian Equity Benchmark ended lower weighed down by uncertainty surrounding a potential US-India trade deal and investor caution ahead of the corporate earnings season for the April-June quarter.

Foreign Institutional Investors (FIIs) pulled out nearly ?5400 crore in July so far due to global uncertainties. Domestic Institutional Investors(DIIs) provide support by infusing ?8,253 crore.

IIP (Index of Industrial Production) for May 2025 came in at 1.23%, down from 2.57% in April, indicating slowing industrial momentum. Fiscal Deficit as of May 2025 was 0.8% of the full-year target, aided by a front-loaded ?2.69 trillion RBI dividend

Brent crude oil hovered near USD 69.19 per barrel as of July 11, 2025, posting modest gains over the previous week. The market was influenced primarily by global trade uncertainties, which weighed on demand expectations. Additional pressure came from rising concerns over potential diesel shortages and a noticeable slowdown in U.S. gasoline consumption.

The Nifty 50 , the Nifty Midcap 150 and Nifty Small cap 250 ended the week lower at 25,149, marking approximately 1.22% decline 1.53% and 0.66% respectively.

Sectoral Developments

During the week ending July 11, 2025, the broader market witnessed a downturn, with most major sectors finishing in the red.

Nifty FMCG emerged as the top performer, gaining 2.15%, driven by stable earnings outlook. Nifty Financial Services posted marginal gains of 0.01%, supported by steady credit growth.

On the downside, Nifty IT led the decline, falling 3.76%, as global tech demand softened and margin pressures persisted. Nifty Consumer Durables dropped 2.90%, impacted by weak rural demand and cautious consumer spending. Nifty Auto slipped 2.03%, amid concerns over input cost inflation and muted retail sales. Nifty Metals declined 2.06%, weighed down by falling global commodity prices and export headwinds.

Global Developments

Major U.S. stock indices—including the S&P 500, Dow Jones Industrial Average,—experienced notable gains of 0.27%,0.43% and respectively driven by strong job reports, moderating inflation and trade optimism.

In Europe, the FTSE 100 declined by 0.37%and Germany’s DAX declined by 0.86% amid mixed economic data.

Asian markets experienced mixed performances . South Korea’s KOSPI declined by 0.23% , Hong Kong’s Hang Seng Shanghai Composite up surged by 0.22% and 0.01% respectively influenced by mixed global cues, Trump’s Tariff deadline and global uncertainty.

Other Markets:

• Brent Crude oil prices ended at $69.19 per barrel.
• The rupee was depreciated to 85.80 levels against the US dollar.
• The 10 Year Benchmark G-Sec yield closed at 6.30% this week.
• Gold prices closed at Rs 97,095 per 10 grams.

Source: www.nseindices.com; google finance, MCX Gold Prices; www.rbi.org.in; Morningstar and tradingeconomics.com, ccilindia.com, Economic times

Data for week ended on July 11th , 2025.

Disclaimers:

The views and investment tips expressed by experts are their own and are meant for informational purposes only and should not be construed as investment advice. Investors should check with their financial advisors before taking any investment decisions.

The word ‘more’ does not imply more returns or assurance of scheme performance.it refers to the additional value provided by the joint venture, as compared to Baroda AMC and BNP Paribas AMC individually.

In the preparation of the material contained in this document, Baroda BNP Paribas Asset Management India Ltd. (“AMC”) (formerly BNP Paribas Asset Management India Private Limited) has used information that is publicly available, including information developed in-house. The AMC, however, does not warrant the accuracy, reasonableness and/or completeness of any information. This document may contain statements/opinions/ recommendations, which contain words, or phrases such as “expect”, “believe” and similar expressions or variations of such expressions that are “forward looking statements”. Actual results may differ materially from those suggested by the forward looking statements due to risk or uncertainties associated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally, which have an impact on our investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, etc. The AMC (including its affiliates), Baroda BNP Paribas Mutual Fund (“Mutual Fund”), its sponsor / trustee and any of its officers, directors, personnel and employees, shall not be liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this document in any manner. The recipient alone shall be fully responsible / liable for any decision taken based on this document. All figures and other data given in this document are dated and may or may not be relevant at a future date. Prospective investors are therefore advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial implication or consequences of subscribing to the units of the schemes of Baroda BNP Paribas Mutual Fund.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Download Pdf

View All