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Markets trade choppy in late afternoon session
Apr-25-2025

The Indian equity markets, despite snapping some losses, continued trade in negative terrain in late afternoon session. The some support came as the investors remained optimistic about the BTA between US-India after report indicated 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. However, markets were trading choppy as the traders remained cautious amid the ongoing geopolitical tensions between India and Pakistan. Besides, the markets experienced some profit booking following recent seven days winning streak. Meanwhile, substantial selling pressure has been seen in InterGlobe Aviation after Pakistan closed its airspace to Indian carrier.

On the global front, Asian equity markets are trading mostly in green amid signs the Trump administration is making progress on trade negotiations and that the U.S. Federal Reserve may cut interest rates earlier than expected, if labor and growth data weaken notably. European equity markets were trading higher amid signs of easing Sino-U.S. trade tensions after President Trump refuted Beijing claims of no trade talks, asserting that talks are underway.

The BSE Sensex is currently trading at 79317.14, down by 484.29 points or 0.61% after trading in a range of 78605.81 and 80130.66. There were 6 stocks advancing against 24 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 2.07%, while Small cap index was down by 2.29%.

The lone gaining sectoral indices on the BSE were IT up by 0.56% and TECK up by 0.06%, while Utilities down by 2.46%, Realty down by 2.45%, Power down by 2.36%, Healthcare down by 2.25% and Telecom down by 2.17% were the top losing indices on BSE.

The top gainers on the Sensex were TCS up by 1.56%, Tech Mahindra up by 1.31%, Infosys up by 1.08%, Indusind Bank up by 0.39% and Ultratech Cement up by 0.35%. On the flip side, Axis Bank down by 3.11%, Adani Ports down by 3.04%, Eternal down by 2.26%, Bajaj Finserv down by 2.25% and Power Grid Corporation of India down by 2.00% were the top losers.

Meanwhile, Credit rating agency, India Ratings and Research (Ind-Ra) in its latest report has said that the hotel sector's revenue per available room (RevPAR) is expected to remain strong in FY26, similar to FY25, but near its peak. 

According to the report, occupancy rates are expected to be supported by ongoing business events, international gatherings, and leisure travel, despite potential economic slowdowns due to prolonged trade war concerns. The report further noted that Ind-Ra rated hotel companies had occupancy rates of 70%-73% in 2HFY25, which are expected to remain steady in FY26. 

Ind-Ra also stated that the balance sheet leverage of the Indian hospitality sector has improved significantly in recent years, driven by strong cash flow generation, deleveraging efforts, and disciplined capital expenditure. Many hotel companies have reduced their debt post-COVID, benefiting from enhanced profitability, asset monetisation, and equity fund raises.

The CNX Nifty is currently trading at 24065.60, down by 181.10 points or 0.75% after trading in a range of 23847.85 and 24365.45. There were 7 stocks advancing against 43 stocks declining on the index.

The top gainers on Nifty were SBI life insurance up by 4.77%, Tech Mahindra up by 1.47%, TCS up by 1.44%, Infosys up by 1.22% and Indusind Bank up by 0.54%. On the flip side, Axis Bank down by 3.13%, Adani Enterprises down by 3.11%, Adani Ports down by 2.98%, Trent down by 2.92% and Shriram Finance down by 2.54% were the top losers.

Asian markets are trading mostly in green; Hang Seng advanced 70.98 points or 0.32% to 21,980.74, Jakarta Composite gained 58.34 points or 0.88% to 6,671.82, KOSPI increased 23.97 points or 0.94% to 2,546.30, Nikkei 225 surged 666.59 points or 1.87% to 35,705.74 and Taiwan Weighted added 393.92 points or 1.98% to 19,872.73, while Straits Times fell 1.49 points or 0.04% to 3,830.43 and Shanghai Composite weakened 2.23 points or 0.07% to 3,295.06.

European markets were trading higher; UK’s FTSE 100 increased 16.97 points or 0.2% to 8,424.41, France’s CAC rose 55.02 points or 0.73% to 7,557.80 and Germany’s DAX gained 89.89 points or 0.41% to 22,154.40.


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