Mumbai: After trading in positive in  morning trade, the BSE Sensex and NSE Nifty pared all the intra-day gains and settled lower on July 3, 2025, Thursday due to last-hour selling in financial and metal shares. The 30-share barometer declined 170.22 points to end at 83,239.47. Earlier in the day, it rallied 440.4 points to 83,850.09. The 50-share Nifty went down 48.10 points to 25,405.30.

Analysts were of the view that the US-Vietnam trade deal also had a positive effect on the domestic equities. Foreign Institutional Investors (FIIs) sold equities worth Rs 1,561.62 crore on July 2, 2025, according to exchange data.

“US President Trump announced a trade deal reducing Vietnam’s tariff to 20 per cent from 46 per cent, raising hopes that India’s effective tariff rate may settle around 15–18 per cent.

“Markets await a key trigger to push Nifty towards its all-time high of 26,277.35, with all eyes on the US June nonfarm payrolls data due Thursday—weak numbers could revive Fed rate cut hopes, while strong data may dim them,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

Sensex pack laggards: Tata Consultancy Services, Bajaj Finance, Adani Ports, Trent, State Bank of India, Titan, Kotak Mahindra Bank, and Bajaj Finserv. Gainers included, Hindustan Unilever, Maruti, Infosys, Asian Paints, Eternal and NTPC.

“Markets traded volatile on the weekly expiry day and ended marginally lower, continuing the ongoing consolidation phase,” Ajit Mishra – SVP, Research, Religare Broking Ltd said.

Auto and pharma sector stocks were in Green, while metal and realty were among the top laggards.

Shanghai’s SSE Composite, Japan’s Nikkei 225 and South Korea’s Kospi, closed in positive, while Hong Kong’s Hang Seng settled lower. The US stock markets ended mostly higher on Wednesday.

“Nifty is likely to trade in the 25,200-25,800 range for some more time till a trigger breaks the range. A positive trigger can come from a possible India-US trade deal to be announced in a few days,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

Global oil benchmark Brent crude declined 0.77 per cent to USD 68.58 a barrel.

On July 3, 2025, the BSE barometer finished 287.60 points at 83,409.69. The 50-share Nifty went down 88.40 points to end at 25,453.40.

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