Key Events for the Month of July 2025

• India’s Services Purchasing Managers' Index (PMI) rose to a 10-month high of 60.4 in June, driven by an expansion in sales and business activity.

• India’s manufacturing sector growth strengthened in July, reaching a 16-month high of 59.1, supported by faster increases in new orders and output amid favourable demand conditions.

• India’s retail inflation, measured by the Consumer Price Index (CPI), eased to 2.1% in June 2025, down from 2.82% in May.

• Wholesale Price Index (WPI) inflation turned negative in June, registering -0.13% compared to 0.39% in May.

• GST collections rose to ₹1.96 lakh crore in July, marking a 7.5% year-on-year increase.

• The month ended on a negative note for Indian equity markets, with the Nifty 50 down 2.93% and the BSE Sensex down 2.90%.

|	Sectoral Index Performance

Name	3 Months	6 Months	1 Year	3 Years	5 Years
Nifty Auto Index	6.0%	3.4%	-11.4%	23.5%	26.6%
Nifty Bank Index	1.6%	12.9%	8.6%	14.2%	20.9%
Nifty Energy Index	2.6%	3.6%	-20.3%	10.5%	18.1%
Nifty Financial Services Index	2.1%	14.8%	13.8%	15.1%	19.9%
Nifty FMCG Index	-1.1%	-1.6%	-10.1%	9.5%	12.6%
Nifty Healthcare Index	5.9%	7.9%	8.2%	22.8%	21.7%
Nifty Infrastructure Index	3.2%	8.6%	-4.6%	22.8%	23.5%
Nifty IT Index	-1.4%	-17.3%	-13.6%	6.6%	14.3%
Nifty Media Index	7.4%	2.9%	-24.3%	-7.8%	4.8%
Nifty Metal Index	8.2%	10.5%	-3.1%	19.1%	34.0%
Nifty Pharma Index	4.6%	6.2%	4.6%	21.2%	15.3%
Nifty PSU Bank Index	4.7%	8.4%	-7.4%	34.9%	37.1%
Nifty Realty Index	3.0%	-1.0%	-16.6%	26.4%	35.3%
BSE Consumer Durables Index	3.5%	2.8%	-2.4%	14.5%	22.6%
BSE Industrial Index	11.6%	5.7%	-10.6%	35.1%	44.3%

Source: Bloomberg, As on 31/07/2025. The Sector(s)/Stock(s)/mentioned in this document do not constitute any research report/recommendation of the same and the scheme(s)/Fund may or may not have any future position in these Sector(s)/Stock(s)

|	Global Index Performance

Name	3 Months	6 Months	1 Year	3 Years	5 Years
MSCI World Index	11.5%	6.2%	14.1%	14.0%	12.1%
MSCI Emerging Index	11.7%	13.7%	14.6%	7.7%	2.9%
MSCI India index	2.5%	5.3%	-3.5%	13.4%	17.5%
Dow Jones Industrial Average Index	8.5%	-0.9%	8.1%	10.3%	10.8%
Nasdaq Composite Index	21.1%	7.6%	20.0%	19.4%	14.5%
Nikkei 225 Index	13.9%	3.8%	5.0%	13.8%	13.6%
Shanghai Composite Index	9.0%	9.9%	21.6%	3.2%	1.5%
Deutsche Boerse AG german Stock Index DAX	7.0%	10.7%	30.0%	21.2%	14.3%

Source: Bloomberg, As on 31/07/2025