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Key gauges trade flat with positive bias in morning deals
Apr-30-2025

Indian equity benchmarks were trading flat with positive bias in morning deals, led by gains in Realty, Healthcare and Oil & Gas stocks. Traders took support with a finance ministry report stating that with the right strategies in place, continued domestic reforms, and a strong focus on infrastructure development and job creation, Indian economy can demonstrate resilient growth despite global uncertainties. Some support also came as exchange data showed foreign investors extended their buying streak to a tenth straight session on Tuesday, April 29, purchasing Indian equities worth Rs 2,385 crore. However, gains were limited as some concern came with India Ratings and Research (Ind-Ra) stating that reciprocal tariffs will exacerbate stress for medium, small and micro enterprises (MSMEs) but mid-sized corporates have a greater cushion against unanticipated financial shocks. On the global front, Asian markets are trading mixed as investors watched the latest developments on the trade front and awaited key U.S. inflation data for additional clues on the Fed's rate trajectory.

The BSE Sensex is currently trading at 80359.56, up by 71.18 points or 0.09% after trading in a range of 80055.87 and 80478.73. There were 20 stocks advancing against 10 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index rose 0.27%, while Small cap index was down by 0.30%.

The top gaining sectoral indices on the BSE were Realty up by 2.98%, Healthcare up by 1.06%, Oil & Gas up by 0.80%, Utilities up by 0.44% and Energy up by 0.43%, while PSU down by 0.46%, Industrials down by 0.30%, Consumer Durables down by 0.29%, Auto down by 0.22% and Capital Goods down by 0.19% were the top losing indices on BSE.

The top gainers on the Sensex were Power Grid Corporation up by 1.76%, Sun Pharma up by 1.64%, HDFC Bank up by 1.14%, Kotak Mahindra Bank up by 1.07% and Larsen & Toubro up by 0.78%. On the flip side, Bajaj Finserv down by 6.25%, Bajaj Finance down by 5.31%, Tata Motors down by 3.03%, Indusind Bank down by 2.45% and SBI down by 2.43% were the top losers.

Meanwhile, a finance ministry report has said that with the right strategies in place, continued domestic reforms, and a strong focus on infrastructure development and job creation, Indian economy can demonstrate resilient growth despite global uncertainties. The March edition of Monthly Economic Review released by Department of Economic Affairs said India's long-term growth is driven by macroeconomic stability, a resilient external sector, declining fiscal deficit, easing inflation, improving employment prospects, and high consumption expenditure.

The report said private capital formation holds the key to the sustainability of this favourable constellation, and added that public policy and regulatory measures can both facilitate and nudge the private sector to do its part. Nevertheless, it said, while geopolitical uncertainties present challenges for India, too, they also offer an opportunity to strengthen its position in international trade and manufacturing by leveraging its comparative advantages in select goods and services. With renewed and sustained focus on geopolitical developments, India can mitigate these risks and capitalise on emerging opportunities through strategic trade negotiations, domestic reforms and manufacturing investments. That said, uncertainties stemming from global developments constitute a key risk for the growth outlook for FY26. More than trade, the perception of prolonged uncertainty may cause the private sector to put its capital formation plans on hold. 

It further said the private sector and policymakers must be mindful of this risk and act urgently to avoid making uncertainty feed upon itself. The domestic economy is large and capital formation can lead to a mutually reinforcing cycle of investment-income growth-demand growth-additional capacity creation. In contrast to normal times, action and execution have greater impacts now. It is an opportunity not to be missed. With the government's strong commitment to fiscal consolidation, it said, the availability of domestic savings to finance private sector investment has improved.

The CNX Nifty is currently trading at 24358.15, up by 22.20 points or 0.09% after trading in a range of 24268.80 and 24395.20. There were 34 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 2.48%, Power Grid Corporation up by 1.93%, Sun Pharma up by 1.84%, Cipla up by 1.52% and Dr. Reddy's Lab up by 1.28%. On the flip side, Bajaj Finserv down by 6.42%, Bajaj Finance down by 5.35%, Tata Motors down by 3.09%, Trent down by 3.07% and SBI down by 2.53% were the top losers.

Asian markets were trading mixed; Nikkei 225 surged 91 points or 0.25% to 35,930.99, Hang Seng advanced 47.99 points or 0.22% to 22,056.10, Straits Times rose 14.92 points or 0.39% to 3,820.10 and Jakarta Composite gained 31.4 points or 0.46% to 6,780.48.

On the flip side, Shanghai Composite weakened 2.68 points or 0.08% to 3,283.97, Taiwan Weighted lost 42.13 points or 0.21% to 20,190.50 and KOSPI dropped 16.07 points or 0.63% to 2,549.35.
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