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Markets trade firm after cautious start amid sustained foreign fund inflows
May-02-2025

Indian equity benchmarks made cautious start on Friday amid intensified geopolitical tensions between India and Pakistan. Soon, markets gained traction and are trading higher with notable gains in early deals following strong global cues and sustained foreign fund inflows. Some optimism came as the gross Goods and Services Tax (GST) collection reached an all-time high of Rs 2.37 lakh crore during April, reflecting a 12 per cent increase. Some support also came as the commerce ministry's data showed that India's exports of goods and services hit an all-time high of $825 billion in 2024-25, driven by a record surge in the shipments of services that reached $386.5 billion in the last fiscal despite global trade headwinds.

On the global front, Asian markets are trading higher, following the positive cues from Wall Street overnight, amid optimism about possible trade deals, with US President Donald Trump saying he has ‘potential’ trade deals with India, South Korea and Japan as well as expressed optimism about a resolution with China. China market remained closed for Labor Day. 

Back home, coal industry stocks are in focus as India's overall coal production during April 2025 reached 81.57 million tonnes, marking an increase over the 78.71 MT produced in the corresponding period of the previous year. In stock specific development, Maruti Suzuki India traded higher as it reported a 7 per cent increase in total sales to 1,79,791 units in April. The company sold a total of 1,68,089 units in the same month last year.

The BSE Sensex is currently trading at 80969.17, up by 726.93 points or 0.91% after trading in a range of 80235.36 and 81049.05. There were 25 stocks advancing against 5 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.57%, while Small cap index was up by 0.18%.

The gaining sectoral indices on the BSE were Oil & Gas up by 1.49%, Metal up by 1.29%, Energy up by 1.27%, Auto up by 1.20% and IT up by 0.98%, while Telecom down by 0.59% and Consumer Durables down by 0.31% were the only losing indices on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 4.42%, Maruti Suzuki up by 2.68%, Indusind Bank up by 2.43%, Mahindra & Mahindra up by 2.06% and Axis Bank up by 1.66%. On the flip side, Nestle down by 0.97%, Bajaj Finserv down by 0.84%, Titan Company down by 0.28%, Bajaj Finance down by 0.09% and Hindustan Unilever down by 0.06% were the top losers.

Meanwhile, Finance and Corporate Affairs Minister Nirmala Sitharaman has said the most effective path for building economic resilience is to build domestic efficiencies and competitiveness. She said the government sees the private sector as a trusted co-partner in development. She further said that improving ease of doing business is a key component of the vision to ensure India becomes a global economic powerhouse.

She said that the government remains committed to simplifying business regulations to encourage entrepreneurship, strengthening institutions that promote fairness and accountability in corporate governance, and supporting a culture of innovation and skill development. She also stated that the country’s regulatory frameworks must not only safeguard good governance but also enable enterprise, encourage formalisation, and build trust in the systems.

She further said that the Corporate Bhavan will become a true single-window interface for companies, insolvency professionals, auditors, startups, and investors seeking timely corporate regulatory services. She added the consolidation of services at the Corporate Bhavan will help significantly cut costs, accelerate approval process, and improve operational efficiency - all of which will help enhance ease of doing business.

She also said that the first ever ‘Prime Minister Internship Scheme (PMIS) Facilitation Centre’ is also located in the Corporate Bhavan, Kolkata. It will help the aspiring interns in getting the information and issues related to their applications. The seven-storey building has a built-up area of 13,239 square meters built at a cost of Rs 150.43 crore. It is designed with a focus on energy efficiency, waste recycling, smart parking, and the well-being of its occupants.

The CNX Nifty is currently trading at 24529.85, up by 195.65 points or 0.80% after trading in a range of 24305.85 and 24551.25. There were 40 stocks advancing against 10 stocks declining on the index.

The top gainers on Nifty were Adani Ports & SEZ up by 4.55%, Hindalco up by 3.48%, Maruti Suzuki up by 2.77%, Indusind Bank up by 2.39% and Mahindra & Mahindra up by 1.92%. On the flip side, Eicher Motors down by 1.91%, Nestle down by 1.03%, Bajaj Finserv down by 0.76%, Titan Company down by 0.41% and Cipla down by 0.28% were the top losers.

Asian markets are trading in green; Taiwan Weighted soared 453.15 points or 2.24% to 20,688.18, Hang Seng jumped 369.3 points or 1.67% to 22,488.71, Nikkei 225 surged 358.2 points or 0.98% to 36,810.50, Jakarta Composite rose 14.92 points or 0.22% to 6,781.72, Straits Times increased 9.32 points or 0.24% to 3,841.83 and KOSPI was up by 9.31 points or 0.36% to 2,565.92.
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