Jul 1, 2025, 12:26 GMT+7
(Reuters) -India's equity benchmark indexes were flat on Tuesday, as heavyweight financials came off after a four-month rally, while investors awaited progress in trade talks with the United States ahead of a looming July 9 tariff deadline.
The Nifty 50rose 0.11% to 25,546.75 points and the BSE Sensexadded 0.16% to 83,738.92 as of 10:43 a.m. IST.
The MSCI Asia ex-Japan index rose 0.5%, on hopes that negotiations between the U.S. and key trading partners were gaining momentum, after Canada's decision to withdraw its digital services tax on U.S. tech firms.
Indian officials will extend their U.S. visit to try to reach an agreement on a trade deal with the Trump administration and address lingering concerns on both sides, Reuters reported on Monday, citing two Indian government sources. The countries aim to tie up an early trade deal.
India's equity benchmarks could falter if an India-U.S. trade deal is delayed, given stretched valuations after a 15% rally over the past four months, three analysts said.
"Domestic sentiment remains vulnerable with the 90-day U.S. tariff reprieve nearing its end," said Mahendra Patil, founder and managing director of MP Financial Advisory Services.
The broader small-capsand mid-capsfell 0.1% and 0.2%, respectively.
Financialsinched 0.3% lower, easing for the second session after hitting a record high on Friday. State-owned bankslost 0.75%, after jumping 5.3% in the previous five sessions.
Apollo Hospitalsrose 3.1% after it unveiled plans to spin off and separately list its digital health and pharmacy unit within 18 to 21 months.
Sigachi Industrieslost 5.4%, extending Monday's 12% plunge, after a deadly fire at its Telangana facility killed at least 39 people.
Dixon Technologies slipped 3.1% after Morgan Stanley downgraded the electronic manufacturing services provider to "underweight" from "equal-weight," citing the risk of slowing earnings growth.

Sumber : Reuters