Daily Market Wrap – July 3, 2025
By Angeeras Securities | Strategic Market Intelligence for Every Investor
Indian benchmark indices ended lower on Thursday, July 3, 2025, as investors opted for profit booking ahead of an anticipated India–US trade agreement. The Nifty 50 slipped 48.10 points or 0.19%, settling at 25,405.30, while the Sensex declined 170.22 points or 0.20%, closing at 83,239.47. Weakness in financials and telecom weighed heavily, particularly due to declines in Kotak Mahindra Bank and Bharti Airtel.
However, economic data presented a more optimistic narrative. India’s Services PMI surged to 60.4, a 10-month high, while the Composite PMI (which includes both manufacturing and services) jumped to 61.0, marking the strongest private sector growth in 14 months. This strength was underpinned by a pick-up in new orders, robust foreign demand, job creation, and easing cost pressures.
🏦 Sectoral Snapshot & Stock Highlights
The sectoral performance was mixed, with only 5 of the 11 key indices ending in the green. Financials and telecom dragged broader sentiment, while select sectors offered pockets of strength.
Top Gainers:
Nifty Media Index gained 1.46%, led by a rebound in Nazara Technologies and Zee Entertainment, both rising over 2%. Apollo Hospitals rallied to an all-time high of ₹7,600.50 on value unlocking prospects post its pharmacy business demerger.
Top Losers:
Tata Power fell 2% following an arbitration order to pay USD 490 million to Kleros. Avenue Supermarts (DMart) dropped 4% as its Q1 FY26 update failed to meet market expectations. PSU Banks faced selling pressure; the Nifty PSU Bank Index slipped 0.92%.
Broader Markets Resilient:
Nifty Midcap 100 edged up 0.03% Nifty Smallcap 100 rose 0.26%
Index Contributors:
Positive: Infosys (+8.42 pts), Maruti Suzuki (+4.85 pts), Apollo Hospitals (+3.55 pts) Negative: Kotak Bank, Bharti Airtel, TCS led the drag, cumulatively weighing down the Nifty.
📊 Market Breadth & Internals – NSE
1,450 stocks advanced 1,472 stocks declined 103 stocks remained unchanged 69 stocks touched 52-week highs 44 stocks touched 52-week lows 98 stocks hit upper circuits 52 stocks hit lower circuits
The market breadth remained neutral, underscoring cautious sentiment across investor categories as they await clarity on trade agreements and global policy shifts.
🌐 Global Trade Watch: Tariff Tensions & Diplomatic Shifts
Investor attention continues to be drawn toward geopolitical developments. In a move likely to impact global trade flows, U.S. President Donald Trump announced a new trade deal with Vietnam, escalating concerns in China over potential supply chain realignments.
Key insights:
The 90-day suspension of “reciprocal tariffs” ends on July 9, putting pressure on countries to align with U.S. trade standards. Countries like Vietnam, Thailand, and South Korea have already introduced rules to prevent tariff circumvention. The India–US trade agreement, expected to be finalized soon, is seen as critical to India’s positioning within global supply chains. Market participants are now watching how this move impacts China’s role in global manufacturing networks.
📅 Global Economic Calendar – Key Events to Watch
United States
Thursday: Non-Farm Payrolls, Private Payrolls, Unemployment Rate, Factory Orders, Durable Goods Orders Friday: Services PMI, Composite PMI
Europe
Thursday: Composite and Services PMIs for France, Germany, UK Friday: Manufacturing and Industrial Production (France), Construction PMI (UK)
China
Thursday: Caixin Composite PMI, Caixin Services PMI
Japan
Thursday: Composite PMI, Services PMI Friday: Household Spending
India
Friday: Foreign Exchange Reserves
📽️ For technical levels, sectoral outlooks, and short-term trend forecasts, watch our exclusive daily video update:
Angeeras Securities 