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Benchmark equity indices Sensex and Nifty began the trade on an optimistic note on Wednesday (July 30, 2025) amid heavy buying in infrastructure major Larsen and Toubro.
The 30-share BSE Sensex climbed 256.57 points to 81,594.52 in opening trade. The 50-share NSE Nifty went up by 69.3 points to 24,890.40.
From the Sensex firms, Larsen and Toubro jumped over 4% after the infrastructure major reported a 29.8% rise in consolidated net profit at ₹3,617.19 crore during the June quarter, driven by strong overseas order growth.
Bharti Airtel, Asian Paints, NTPC and Bajaj Finserv were also among the gainers.
However, Tata Motors, Hindustan Unilever, Eternal and Infosys were among the laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,636.60 crore on Tuesday (July 29, 2025), according to exchange data.
In Asian markets, Japan’s Nikkei 225 index and Hong Kong’s Hang Seng traded lower while South Korea’s Kospi and Shanghai’s SSE Composite index quoted in positive territory.
The U.S. markets ended lower on Tuesday (July 29, 2025).
U.S. President Donald Trump has said the trade deal with India is not finalised, as he stressed that India imposes more tariffs than almost any other country.
Mr. Trump spoke to reporters on Tuesday (July 29, 2025) on Air Force One on his way back to Washington from Scotland and was asked about the trade deal with India.
“No, it’s not,” Mr. Trump said when asked if the deal with India is finalised.
He was also asked about reports that India is preparing to face higher U.S. tariffs between 20-25%, to which he replied, “I think so.”
“The technical bounce back in Nifty by 140 points yesterday is unlikely to continue in the unfavourable near-term market scenario. Such bounce backs happen in an oversold market.
“The major drag on the market continues to be the negative news on the India-US trade front. President Trump’s comment that “India may have to pay 20-25 per cent tariff” is very negative from the short-term market perspective,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
Sustained FII selling in the cash market for the seventh consecutive trading day is another headwind for the market, Vijayakumar said adding that spike in Brent crude to $72 is another negative.
Global oil benchmark Brent crude dipped 0.01% to $72.50 a barrel.
On Tuesday (July 28, 2025), the Sensex jumped 446.93 points or 0.55% to settle at 81,337.95. The Nifty climbed 140.20 points or 0.57% to 24,821.10.
Published – July 30, 2025 10:48 am IST
