Equity markets in India closed slightly higher due to late buying. Realty index rose 1.10% and FMCG increased by 0.69%. On the contrary, metal, commodities, energy and financial services were the top laggards. HDFC Bank shares have corrected by nearly 5%, and the medium-term chart structure remains bullish. Chalet Hotels rallied over 15%, reaching its all-time high of INR450. Voltas shares, after a short-term correction, consolidated in the range of INR795 to INR810.
Tariff shock manageable for Indian markets, but rupee weakness a concern: Adrian Mowat
Adrian Mowat suggests Indian markets can quickly absorb a 25% tariff impact, though it might weaken the rupee and limit the RBI’s flexibility. He highlights
July 31, 2025