On Wednesday, July 9, Indian benchmark indices ended in the red, primarily due to sharp losses in index heavyweight Reliance Industries. Reliance Industries' share price recorded its steepest single-day decline since May 22, 2025. The volatility in the stock was triggered by reports suggesting a likely delay in the Reliance Jio IPO. As a result, the key benchmark indices, which had been trading flat for most of the session, slipped into negative territory.
At the closing bell, the Nifty 50 declined by 46.40 points or 0.18% to close at 25,476.10, while the Sensex dropped 176.40 points or 0.21% to settle at 83,536.08.
The Nifty Metals index slipped by 1.39%, mainly due to losses in Vedanta following a short-sell report by Viceroy targeting its parent company's debt. The IT index declined by 0.74%, with all 10 constituents ending lower.
On Wednesday, Equity mutual funds saw inflows of ₹23,587 crore in June, marking a 24% rise over May and breaking a five-month streak of declining investments, according to AMFI data.
Mutual fund inflows in India rose 24% in June to ₹23,587 crore, reversing a five-month decline.
The surge was supported by strong retail participation across equity segments and growing interest in gold and silver Exchange Traded Funds (ETFs) amid global trade uncertainty.
Inflows into Gold ETFs surged nearly seven-fold to ₹2,080.84 crore, while Silver ETFs attracted ₹2,004.56 crore in June, up from ₹853.85 crore in May.
Among equity categories, large-cap funds saw inflows rise by 36% to ₹1,694.33 crore, while mid-cap and small-cap funds recorded inflows of ₹3,754.42 crore and ₹4,024.50 crore, respectively.
The mutual fund industry’s total assets under management (AUM) hit a record ₹74.41 lakh crore in June. Systematic Investment Plan (SIP) contributions reached an all-time high of ₹27,269 crore, with the number of SIP accounts rising to 8.64 crore from 8.56 crore in May.
On the sectoral front, 4 out of 11 key sectors ended in positive territory. Meanwhile, broader indices like the Smallcap and Midcap ended on a mixed note.
The Nifty FMCG rose by 0.78%,Emami and Dabur, were top gainers. On the other hand, Nifty Realty declined by 1.45%, emerging as the top losing sector.
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 mixed note, the Nifty Midcap 100 index ended with a gain of 0.13% and the Nifty Small-cap 100 index closed down by 0.59%.
As of July 9, 2025, the Indian stock market breadth was slightly tilted towards the positive side. Out of 3,030 stocks traded on the NSE, 1,477 advanced, 1,455 declined, and 98 remained unchanged.
A total of 61 stocks touched their 52-week highs, while 30 hit their 52-week lows. Additionally, 92 stocks were locked in their upper circuits, whereas 52 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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