The Indian stock market saw selling pressure in early hours of trading on Friday amid mixed global cues.

At 9.23 am, Sensex declined 290 points or 0.35 per cent at 81,894 and Nifty was down 110 points or 0.44 per cent at 24,943.

Auto stocks were leading the losses with a 0.70 per cent decline. FMCG stock and metal stocks were the other major losers. The Nifty Bank was down by 0.14 per cent at 56,983 points.

Broad cap indices fell more than the benchmark indices. BSE smallcap index was down 0.68 per cent and BSE midcap index fell 0.45 per cent.

India's national transmission infrastructure is adequately developed to ensure reliable power flow across regions as it has been expanded from 75,050 MW during 2016-17 to 1,20,340 MW as of June 2025, the Parliament was informed on Thursday.

The Centre plans to increase this power transmission capacity across the National Grid to 1,43,000 MW by 2027 and further to 1,68,000 MW by 2032, Minister of State for Power Shripad Naik told the Lok Sabha in a written reply to a question.

India's High-Net-Worth and Ultra-High-Net-Worth (HNW and UHNW) population is set to grow at 11–15 per cent CAGR through 2034, fast becoming a must-watch market for global luxury companies, a report said on Thursday.

As wealth creation accelerates and a young, brand-conscious demographic rises, brands are setting the stage for deeper local engagement, Boston Consulting Group said in its latest report.

The Indian stock market settled in negative territory on Thursday following heavy selling in IT, realty, consumer goods and energy sector amid Q1 earnings.

Breaking the last session's gaining momentum, Sensex closed at 82,184.17, down 542.47 points or 0.66 per cent. The 30-share index started the session with a slight gain at 82,779.95 against the previous day's closing of 82,726.64.

However, the index was not able to maintain the momentum due to selling in heavyweights from the IT, realty and consumer goods sectors. It touched an intra-day low of 82,047.22.

Nifty closed at 25,062.10, down 0.63 per cent or 157.80 points.

Sectoral performance was mixed, as PSU banks, healthcare, and pharma stocks outperformed, while the IT, construction, consumer goods, energy, and oil and gas sectors lagged, said Ashika Institutional Equities in its note.

India's private sector showed robust growth in July, fuelled by strong manufacturing and global demand, the HSBC Flash India Composite Purchasing Managers' Index (PMI) showed on Thursday.

The headline HSBC Flash India Composite PMI Output Index, compiled by S&P Global, rose to 60.7 in July from 58.4 in June.

The Manufacturing PMI index climbed to 59.2 in July from 58.4 in June - its highest level in nearly 17-and-a-half years.

The Services PMI was 59.8 in July, down from 60.4 in June. While services activity continued to grow, the pace of expansion softened, according to the note.

"India's flash composite PMI remained healthy in July at 60.7. The strong performance was bolstered by growth in total sales, export orders, and output levels. Indian manufacturers led the way, recording faster rates of expansion than services for all of the three aforementioned metrics," said Pranjul Bhandari, chief India economist at HSBC.

Shares of Indian Energy Exchange Ltd (IEX) declined a whopping 23 per cent from yesterday's close, after which it was locked in 10 per cent lower circuit on Thursday.

The massive drop came after the Central Electricity Regulatory Commission’s (CERC) decision for a phased rollout of market coupling across India’s power exchanges hit the market. The market coupling will begin with a three-month pilot run.

From Rs 187 per piece, shares of IEX fell as much as 10 per cent to Rs 169.10 apiece, as of 9:20 a.m. Since then, the massive selloff has persisted, resulting in the share's current price of 144.66, which has locked it in the lower circuit.

Once the lower circuit is triggered, further selling can only happen at that circuit price, but massive sell orders may remain pending, which won’t get executed until circuit limits are revised or reset in the next session.

While active government intervention has contained spillover to domestic oil prices, policymakers need to be vigilant and cautious of the direct and indirect impact of the evolving global crude price dynamics through continuous assessment, given India’s increasing dependence on crude oil imports, the Reserve Bank of India (RBI) has stressed.

In this regard, government policies would play a pivotal role in containing the impact, said the RBI in a paper titled ‘Revisiting the Oil Price and Inflation Nexus in India’ in its latest Bulletin.

“Specifically, reducing crude oil dependence by promoting alternate non-fossil energy usage and regional free trade agreements and bilateral treaties with major oil exporters could be explored for oil imports at favourable prices,” the paper emphasised.

In recent years, India’s net import demand for crude oil has remained strong, fuelled by consumption growth and robust economic activity.

The Indian stock market opened flat on Thursday as IT companies experienced selling pressure amid mixed global cues.

At 9.28 am, Sensex slipped 110 points or 0.13 per cent to 82,615 and Nifty slipped 13 points or 0.05 per cent to 25,206.

Sectorally, Nifty IT underperformed with a loss of 1.17 per cent. All other sectors show marginal dips to moderate gains. Bank stocks showed moderate losses up to 0.20 per cent.

Midcap and smallcap stocks saw selling pressure. Nifty midcap 100 index was down 0.39 per cent at 59,148 and Nifty smallcap 100 index was down 0.07 per cent at 18,879.

With record-high inflows and active investor participation in the equity, hybrid and SIP segments, June was a successful month for the Indian mutual fund sector, a report said on Wednesday.

The mutual fund industry’s total Assets Under Management (AUM) surged to Rs 74.41 lakh crore, reflecting a 13.2 per cent quarter-on-quarter and 22 per cent year-on-year growth, supported by bullish equity markets and sustained retail interest, said ICRA Analytics, citing data from Association of Mutual Funds in India (AMFI).

In May 2025, the total AUM was 72.20 lakh crore, while it was 61.16 lakh crore in June 2024.

Investors favoured hybrid schemes for their balanced risk-reward profile amid market volatility in the month as they witnessed record-breaking net inflows of Rs 23,223 crore with arbitrage, multi-asset allocation and balanced advantage funds being the key contributors.

Arbitrage, multi-asset allocation and balanced advantage funds recorded net inflow of Rs 15,585 crore, Rs 3,210 crore and Rs 1,886 crore, respectively, the report stated.

Centre’s capital expenditure rose to 20 per cent of the budget estimate in April-May FY26, compared to 13 per cent in the same period last year, according to a report on Wednesday.

The Union Budget 2025-26 had allocated Rs 11.21 lakh crore for capital expenditure, which is 3.1 per cent of the GDP.

With the increase in government capex, the manufacturing sector seems to be on a firm growth trajectory, as India’s Manufacturing Purchasing Managers’ Index (PMI) rose to 58.4 in June, marking a fourteen-month high, said credit rating agency CareEdge Ratings in its report.

The Services PMI at 60.4 is at its highest level in the last 10 months. Industrial production, however, grew only 1.9 per cent during April-May in FY26 as against 5.7 per cent in the same period last year. Contraction in both electricity and mining sectors weighed on the overall IIP growth.