HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Weak trade persists in early afternoon session
May-09-2025

Indian equity markets continued to hit with losses in early afternoon session following the escalation in the India-Pakistan conflict. Further, traders were cautious about India’s consumer price index (CPI) data, which is due on May 12. Investors ignored the report that India and Chile signed the Terms of Reference (ToR) for a Comprehensive Economic Partnership Agreement (CEPA) on May 08, 2025, marking a significant advancement in their bilateral trade relations. Both sides reiterated their shared vision for strengthening bilateral relations and look forward to fruitful discussion during the first round scheduled for May 26-30, 2025 in New Delhi.  On the global front, Asian markets were trading mostly in green after Japan's leading index decreased less than expected in March to the lowest level in four months. The leading index, which measures future economic activity, dropped to 107.7 in March from 108.2 in February. The score was forecast to fall to 107.5. 

The BSE Sensex is currently trading at 79560.22, down by 774.59 points or 0.96% after trading in a range of 78968.34 and 80032.93. There were 5 stocks advancing against 25 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.55%, while Small cap index was down by 1.06%.

The top gaining sectoral indices on the BSE were Capital Goods up by 1.52%, Consumer Durables up by 1.12%, Industrials up by 0.82% and Auto was up by 0.17%, while Realty down by 2.92%, Utilities down by 1.93%, Power down by 1.49%, Telecom down by 1.02% and Bankex was down by 0.94% were the top losing indices on BSE.

The top gainers on the Sensex were Titan Company up by 4.19%, Larsen & Toubro up by 3.99%, Tata Motors up by 3.39%, SBI up by 0.91% and Asian Paints up by 0.24%. On the flip side, ICICI Bank down by 2.58%, Power Grid down by 2.57%, Ultratech Cement down by 2.22%, NTPC down by 1.84% and HDFC Bank down by 1.83% were the top losers.

Meanwhile, the road transport and highways minister Nitin Gadkari has said that infrastructure development is key to making India a strong economic power, and the highways ministry has taken a decision to convert 25,000-30,000 km two-lane highways into four lanes at an investment of Rs 10 lakh crore. He further said that the Ministry of Road Transport and Highways (MoRTH) will now encourage the Infrastructure Investment Trust (InvIT) model to raise money for highway projects from Indian investors.

The minister further said his dream is to complete road projects worth Rs 5-6 lakh crore every year. He said national highways are developed under different modes of execution, including Build-Operate-Transfer (BOT or toll, BOT (Annuity), Engineering, Procurement and Construction (EPC), InvIT and Hybrid Annuity model. Infrastructure Investment Trust (InvIT) is an instrument on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time. 

He also said the government is working to revise BOT model (annuity) for the construction of roads, under which the highways ministry will collect tolls for 15 years, and share part of it with concessionaires. He said ‘we will construct highways under the BOT model but for 15 years toll will be collected by the government and we will give money to them (concessionaires) on an annuity basis. And maintenance of highways for 15 years will be done by contractors.' He noted that BOT projects provide the risk of financing, building and operating highway projects with a concession period of 20-30 years. He added that the quality of highways constructed under EPC model is not good when compared to highways constructed under the BOT model.

The CNX Nifty is currently trading at 24034.20, down by 239.60 points or 0.99% after trading in a range of 23935.75 and 24164.25. There were 11 stocks advancing against 39 stocks declining on the index.

The top gainers on Nifty were Titan Company up by 4.01%, Larsen & Toubro up by 3.85%, Tata Motors up by 3.20%, Bharat Electronics up by 2.78% and Hero MotoCorp up by 1.71%. On the flip side, ICICI Bank down by 2.74%, Power Grid down by 2.55%, Ultratech Cement down by 2.24%, Apollo Hospital down by 2.07% and Adani Ports down by 1.99% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 574.7 points or 1.53% to 37,503.33, Taiwan Weighted added 371.64 points or 1.78% to 20,915.04, Hang Seng advanced 40.11 points or 0.18% to 22,816.03, Straits Times rose 23.17 points or 0.6% to 3,871.39 and Jakarta Composite was up by 17.22 points or 0.25% to 6,844.97. On the flip side, KOSPI dropped 2.21 points or 0.09% to 2,577.27 and Shanghai Composite was down by 8.74 points or 0.26% to 3,343.26.
  RELATED NEWS >>
Most Viewed >>
April 25 , 2025
Warren Buffett now owns 5% of all US Treasury
April 29 , 2025
Trading in block deal window in T+0 settlement
April 26 , 2025
Ather Energy raises Rs.1,340 crore from anchor
April 30 , 2025
Sebi cautions investors on opinion trading pla
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.