On Monday, July 7, Indian benchmark indices ended flat, with gains in FMCG stocks offsetting broader losses amid U.S. tariff uncertainty.
Throughout the day, the Nifty 50 index oscillated in a narrow range of 83 points during the session. At the closing bell, the Nifty 50 ended up by 0.30 points at 25,461.30. The Sensex ended higher by 9.61 points or 0.01% to 83,442.50.
Asian markets declined as uncertainty loomed following a delay in the U.S. tariff decision. While American officials pushed back the deadline, they provided no clear details, leading to cautious investor sentiment.
U.S. President Donald Trump stated that several trade agreements are nearing completion, with formal tariff announcements expected by July 9 and new rates to take effect from August 1. Additionally, he warned of a possible 10% tariff on countries supporting what he called BRICS' "anti-American" stance — a group that includes India.
On the sectoral front, 3 out of 11 key sectors ended in positive territory. Defying the sectoral market trend, the Nifty FMCG index gained 1.68%, with Godrej Consumer Products climbing 6.33% following its projection of strong double-digit consolidated revenue growth for the June quarter.
Meanwhile, broader indices like the Smallcap and Midcap ended on a negative note, with marginal losses.
Among individual stocks,
The Nifty FMCG index climbed 1.68% today, going against the broader market trend. The index recorded its highest intraday gains in the last two months, with all of its 15 stocks ending in the green.
Godrej Consumer Products led the gains with a sharp 6.33% rise, following its business update for Q1FY26. At a Consolidated level, the company expect double-digit revenue growth on the back of high-digit underlying volume growth (UVG). Hindustan Unilever gained 3.04%, while Nestle India and ITC added 1.22% and 0.87%, respectively, amid optimism around a pickup in consumption driven by an above-average monsoon. Meanwhile, the Nifty Medial Index fell by 1.03%.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended on a negative note, the Nifty Midcap 100 index ended with a loss of 0.27% and the Nifty Small-cap 100 index closed down by 0.44%.
As of July 7, 2025, the Indian stock market witnessed negative market breadth. Out of 3,060 stocks traded on the NSE, 1,154 advanced, 1,795 declined, and 111 remained unchanged.
A total of 61 stocks touched their 52-week highs, while 38 hit their 52-week lows. Additionally, 115 stocks were locked in their upper circuits, whereas 74 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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