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Markets trade choppy amid concerns over geopolitical tensions
Apr-30-2025

Indian equity markets continued to hover near their neutral lines as the rising geopolitical tensions between India-Pakistan continue to haunt the market participants. Besides, trading sentiments were remained subdued after a government survey report indicated that the intended capital expenditure of the private corporate sector is estimated to decline by about 25 per cent to Rs 4.88 lakh crore in 2025-26 (FY26) from Rs 6.56 lakh crore in FY25. Meanwhile, the downside remained capped as the RBI vowed to inject additional liquidity up to Rs 1.25 Lakh crore in May, which rekindled confidence among the investors. 

On the global front, Asian equity markets are trading mostly in green after US Treasury Secretary Scott Bessent indicated that the U.S. is very close to a trade deal with India, has had substantial talks with Japan and has the contours of a deal with South Korea. European equity markets were trading mostly in green as investors awaited key tech earnings and economic readings for direction.

Back home, Nifty Realty index surged 2.36% to 889.80 points after realty stocks showed significant up move ahead of their earnings reports. 

The BSE Sensex is currently trading at 80337.99, up by 49.61 points or 0.06% after trading in a range of 80055.87 and 80478.73. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.59%, while Small cap index was down by 1.36%.

The top gaining sectoral indices on the BSE were Realty up by 2.27%, Telecom up by 0.34%, TECK up by 0.28% and Healthcare up by 0.23%, while PSU down by 1.36%, Industrials down by 1.07%, Power down by 0.91%, Consumer Durables down by 0.85% and Capital Goods down by 0.85% were the top losing indices on BSE.

The top gainers on the Sensex were Maruti Suzuki up by 3.10%, Bharti Airtel up by 1.64%, Power Grid Corporation Of India up by 1.53%, Sun Pharmaceutical Industries up by 1.21% and Hindustan Unilever up by 0.96%. On the flip side, Bajaj Finserv down by 5.54%, Bajaj Finance down by 5.00%, Tata Motors down by 3.32%, SBI down by 2.89% and Ultratech Cement down by 1.67% were the top losers.

Meanwhile, the US once again placed India on its ‘priority watch list’, stating that New Delhi remains one of the world’s most challenging major economies for the protection and enforcement of intellectual property rights (IPRs). The US Trade Representative’s (USTR) 2025 Special 301 report, an annual review of the global state of IPR protection and enforcement, said that over the past year, India has remained inconsistent in its progress on intellectual property protection and enforcement. It said that although India has worked to strengthen its IP regime, including raising public awareness about the importance of the subject, and engagement with the US on IP issues has increased, there continues to be a lack of progress on many long-standing IP concerns. 

The country had earlier stated that this report is a unilateral measure taken by the US under their Trade Act, 1974 to create pressure on countries to increase IPR protection beyond the TRIPS agreement. Besides, India has maintained that its IPR regime is fully compliant with global trade norms. The report comes in the backdrop of India-US negotiating a bilateral trade agreement to boost two-way commerce to $500 billion by 2030. The US is looking at bridging its trade deficit with India, which was $41.18 billion in 2024-25, through this pact.

The report alleged that stakeholders continue to express concerns over vagueness in the interpretation of the Indian Patents Act. It said that India maintains high customs duties directed to IP-intensive products such as information and communications technology products, solar energy equipment, medical devices, pharmaceuticals, and capital goods. While steps to improve IP Office operations and procedures are to be commended, India’s overall IP enforcement remains inadequate. It added that the US intends to continue to engage with India on IP matters, including through the trade policy forum’s intellectual property working group.

The CNX Nifty is currently trading at 24326.40, down by 9.55 points or 0.04% after trading in a range of 24268.80 and 24395.20. There were 23 stocks advancing against 27 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 3.48%, Maruti Suzuki up by 3.18%, Power Grid Corporation Of India up by 1.70%, SBI Life Insurance Company up by 1.69% and Bharti Airtel up by 1.66%. On the flip side, Bajaj Finserv down by 5.61%, Bajaj Finance down by 5.03%, Trent down by 4.29%, Tata Motors down by 3.40% and SBI down by 3.04% were the top losers.

Asian markets are trading mostly in green; Hang Seng advanced 111.3 points or 0.5% to 22,119.41, Jakarta Composite gained 15.3 points or 0.23% to 6,764.38, Taiwan Weighted added 2.4 points or 0.01% to 20,235.03, Nikkei 225 surged 205.39 points or 0.57% to 36,045.38 and Straits Times rose 14.81 points or 0.39% to 3,819.99, while KOSPI dropped 8.81 points or 0.34% to 2,556.61 and Shanghai Composite weakened 7.62 points or 0.23% to 3,279.03.

European markets were trading mostly in green; France’s CAC rose 22.81 points or 0.3% to 7,578.68 and Germany’s DAX gained 96.24 points or 0.43% to 22,522.07, while UK’s FTSE 100 decreased 4.76 points or 0.06% to 8,458.70.
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