印度10年期国债 (India10Y) 加自选

在孟买，孟买敏感指数周四下跌542点，跌幅0.66%。Infosys（-1.37%）、亚洲涂料（-0.99%）和安讯士银行（-0.83%）领跌。抵消跌幅的是Eternal Limited（2.90%）、Dr.Reddys Laboratories（1.29%）和塔塔钢铁（0.52%）。

In Mumbai, the SENSEX Index dropped 542 points or 0.66 percent on Thursday. Losses were led by Infosys (-1.37%), Asian Paints (-0.99%) and Axis Bank (-0.83%). Offsetting the fall, top gainers were Eternal Limited (2.90%), Dr.Reddys Laboratories (1.29%) and Tata Steel (0.52%).

卢比连续六个交易日下跌，涨幅受到持续外流的限制。周四，印度卢比结束了连续六个交易日的下跌，但未能在当天收盘时走高，尽管亚洲同行上涨，因为外国银行的美元需求可能受到外国投资组合外流的推动，继续施加压力。

Rupee snaps six-session losing streak, gains limited by lingering outflows.The Indian rupee snapped a six-session losing streak on Thursday but was unable to end the day higher despite gains in Asian peers as dollar demand from foreign banks, likely driven by foreign portfolio outflow, continued to exert pressure.

周四早盘，BSE Sensex指数上涨228点，涨幅0.3%，至82498点，而Nifty 50指数上涨0.2%，至25161点，与前一交易日持平。下跌主要受到科技股、金融服务和银行业的拖累。Nifty IT指数暴跌1.7%，其中Coforge暴跌（-7.9%），创下自2025年4月4日以来的最大单日跌幅，而Persistent Systems（-8.8%）也创下了自2025年第1季度利润下滑后的最大单日降幅。美印贸易谈判的持续不确定性进一步打压了市场情绪。然而，由于印度私营部门7月份的增长依然强劲，新的数据为跌幅画上了句号。其他早盘下跌股包括Tech Mahindra（-1.8%），而Kotak Mahindra Bank、Nestle India和Bajaj Finance均下跌约1%。

The BSE Sensex rose 228 points, or 0.3%, to 82,498 in morning trade on Thursday, while the Nifty 50 climbed 0.2% to 25,161, halting gains from the previous session. The declines were mainly weighed down by tech stocks, financial services, and banking sectors. The Nifty IT index plunged 1.7%, led by a slump in Coforge (-7.9%), marking its biggest single-day fall since April 4, 2025, and Persistent Systems (-8.8%), which also recorded its largest single-day drop since April 3, 2025, following Q1 profit misses. Lingering uncertainty over US-India trade negotiations further pressured market sentiment. However, fresh data capped the fall, as India’s private sector growth remained robust in July. Other early decliners included Tech Mahindra (-1.8%), while Kotak Mahindra Bank, Nestle India, and Bajaj Finance each fell around 1%.

根据初步估计，汇丰银行印度制造业采购经理人指数从前一个月的58.4攀升至2025年7月的59.2。最新数据表明制造业活动强劲扩张，创下近17年半以来的最高水平，突显出该行业的持续势头。与产出的强劲表现相呼应，新订单也出现了强劲增长，尽管新出口订单的增长速度略有放缓，表明外部需求有所放缓。与此同时，调查显示，采购活动急剧增加，导致投入库存显著增加，供应商交货时间的持续改善进一步支持了这一点。然而，随着制造商越来越多地从现有库存中提取以满足强劲的需求，成品库存下降。在定价方面，收费通胀加快，反映出在需求强劲的情况下，生产商的定价能力更强。

The HSBC India Manufacturing PMI climbed to 59.2 in July 2025 from 58.4 in the previous month, according to preliminary estimates. The latest figure signaled a robust expansion in manufacturing activity and marked the highest reading in nearly 17-and-a-half years, highlighting the sector's continued momentum. Mirroring the strength in output, new orders also saw a strong increase, although the pace of growth in new export orders eased slightly, indicating some moderation in external demand. Meanwhile, the survey pointed to a sharp rise in purchasing activity, which led to a notable accumulation of input inventories, further supported by ongoing improvements in supplier delivery times. However, stocks of finished goods declined as manufacturers increasingly drew from existing inventories to fulfill strong demand. On the pricing front, charge inflation picked up pace, reflecting stronger pricing power among producers amid firm demand conditions.