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Domestic equity indices trade deeply in red in late morning deals
Apr-25-2025

Domestic equity indices traded deeply in red in late morning deals on account of selling by funds and retail investors. Meanwhile, broader indices were also trading deeply in red with BSE Mid cap index and Small cap index dropping in the range of 3.00-3.60%. Traders were cautious amid ongoing geopolitical tensions between India and Pakistan. Traders overlooked report that US Treasury Secretary Scott Bessent said that he expects India to strike the first bilateral trade deal to avoid President Donald Trump's reciprocal tariffs.

On the global front, Asian markets were trading in green following the broadly positive cues from US markets overnight, as traders remained optimistic about a favorable outcome from the ongoing tariff negotiations between the U.S. and several partner countries, particularly China, Japan, South Korea and India. Back home, all the sectoral indices on the BSE were trading in red led by Power, Utilities, Industrials, Telecom and Capital Goods. 

The BSE Sensex is currently trading at 78811.72, down by 989.71 points or 1.24% after trading in a range of 78726.39 and 80130.66. There were 4 stocks advancing against 26 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 3.03%, while Small cap index down by 3.57%.

The top losing sectoral indices on the BSE were Power down by 3.65%, Utilities down by 3.55%, Industrials down by 3.25%, Telecom down by 3.08%, Capital Goods down by 3.04%, while there were no gainers. 

The few gainers on the Sensex were Infosys up by 0.83%, Tech Mahindra up by 0.51%, TCS up by 0.47% and Indusind Bank up by 0.16%. On the flip side, Axis Bank down by 4.79%, Adani Ports down by 3.90%, Bajaj Finserv down by 3.53%, Power Grid down by 3.12% and NTPC down by 2.77% were the top losers.

Meanwhile, As the logistics sector being the backbone of an economy and business operation plays vital role in country’s development, the Department for Promotion of Industry and Internal Trade (DPIIT) joint secretary Pankaj Kumar has indicated that the government is working to reduce the regulatory issues in the logistics sector to enhance ease of doing business, and attract more investments. He added that the discussions are underway to make the PM Gati Shakti data more accessible to the private sector. The joint secretary has assured that the government is working to further reduce the regulatory issues in the logistics sector to enhance ease of doing business and attract more investments.

Considering country’s complexity and huge geography, Kumar highlighted that logistics is all about transporting both people and goods from one place to another quickly so that lives can be saved, and businesses thrive, leading to a better quality of life. While the government has taken several other initiatives to enhance the ease of doing business, and attract more investments, joint secretary Kumar has emphasized the need of more participation of industry and private sector saying, ‘the government alone cannot achieve the targeted goals. Every stakeholder, including the industry and business community, must participate to further boost the logistics sector in the country.’ Meanwhile, highlighting country's progress in logistics and warehousing, Warehousing Development and Regulatory Authority indicated that the process of warehouse licensing is being streamlined and expedited to ensure faster approvals and greater ease of doing business.

PM Gati Shakti is a digital platform to bring 16 Ministries including Railways and Roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects. The multi-modal connectivity will provide integrated and seamless connectivity for movement of people, goods and services from one mode of transport to another. It will facilitate the last mile connectivity of infrastructure and also reduce travel time for people.

The CNX Nifty is currently trading at 23922.25, down by 324.45 points or 1.34% after trading in a range of 23879.20 and 24365.45. There were 6 stocks advancing against 44 stocks declining on the index.

The top gainers on Nifty were SBI Life up by 3.78%, Infosys up by 0.70%, TCS up by 0.66%, Tech Mahindra up by 0.39% and Indusind Bank up by 0.07%. On the flip side, Axis Bank down by 4.67%, Adani Enterprises down by 4.32%, Adani Ports down by 4.01%, Bajaj Finserv down by 3.47% and Trent down by 3.40% were the top losers.

All Asian markets were trading higher; Nikkei 225 rose 609.19 points or 1.71% to 35,648.34, Taiwan Weighted surged 446.25 points or 2.29% to 19,925.06, Hang Seng advanced 299.06 points or 1.36% to 22,208.82, KOSPI increased 25.15 points or 1% to 2,547.47, Straits Times rose 2.85 points or 0.07% to 3,834.77, Jakarta Composite gained 55.09 points or 0.80% to 6,669.57 and Shanghai Composite strengthened 4.9 points or 0.15% to 3,30.19.
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