HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Key gauges add some gains in morning deals
Jul-03-2025

Indian equity benchmarks added some gains in morning deals, led by gains in Auto, Oil & Gas and Consumer Durables stocks. Traders took support with a survey showed India's services sector enjoyed its strongest growth in ten months in June, fuelled by robust demand and cooling price pressures. The HSBC final India Services Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 60.4 in June from 58.8 in May, but was a touch lower than a preliminary estimate of 60.7. Some support also came as External Affairs Minister S Jaishankar and his American counterpart Marco Rubio have hold talks focused on ways to deepen the India-US collaboration in key sectors such as trade, defence, energy, mobility and critical technologies.  On the global front, Asian markets are trading mixed as traders remain cautious ahead of the deadline of July 9 set by the US President Donald Trump for reaching trade deals with its partner countries. Trump hinted at higher tariffs on certain countries after the deadline. 

The BSE Sensex is currently trading at 83737.91, up by 328.22 points or 0.39% after trading in a range of 83348.49 and 83781.59. There were 21 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.33%, while Small cap index was up by 0.40%.

The top gaining sectoral indices on the BSE were Auto up by 0.92%, Oil & Gas up by 0.84%, Consumer Durables up by 0.75%, Energy up by 0.68% and IT up by 0.62%, while Utilities down by 0.11% was the lone losing index on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.52%, Asian Paints up by 1.39%, Infosys up by 1.01%, Maruti Suzuki up by 0.96% and HDFC Bank up by 0.87%. On the flip side, Bajaj Finance down by 1.40%, Kotak Mahindra Bank down by 1.00%, Bajaj Finserv down by 0.91%, Trent down by 0.77% and SBI down by 0.10% were the top losers.

Meanwhile, Automotive Tyre Manufacturers Association (ATMA) has said that tyre exports from India grew 9 per cent year-on-year to Rs 25,051 crore in FY25 as compared to Rs 23,073 crore in the previous fiscal despite headwinds, including trade policy uncertainties and global supply chain disruptions. With nearly 40 per cent of the industry's natural rubber (NR) requirement met through imports due to limited domestic availability, ATMA said there is an urgent need to accelerate domestic production through focused interventions to meet rising demand.

It stated with an estimated annual turnover of Rs 1 lakh crore and exports exceeding Rs 25,000 crore, the Indian tyre industry stands out as one of the few manufacturing sectors in the country with a high export-to-turnover ratio. ATMA Chairman Arun Mammen said ‘The tyre industry has exhibited remarkable resilience and growth post the COVID-19 downturn. Over the past 3-4 years, tyre manufacturers have invested approximately Rs 27,000 crore across greenfield and brownfield projects, underscoring their strong belief in India's economic trajectory.’

ATMA said Indian tyres are exported to over 170 countries, with a significant presence in the US, Europe, Latin America, and Southeast Asia. The US remains the top export market, accounting for 17 per cent of exports by value, followed by Germany (6 per cent), Brazil (5 per cent), the UAE (4 per cent), and France (4 per cent). It added segment-wise, farm/agricultural tyres and off-the-road (OTR) tyres dominate, together comprising nearly 60 per cent of the total tyre export value.

The CNX Nifty is currently trading at 25551.55, up by 98.15 points or 0.39% after trading in a range of 25429.75 and 25567.50. There were 37 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were ONGC up by 1.78%, Asian Paints up by 1.47%, Mahindra & Mahindra up by 1.26%, Hindalco up by 1.21% and Apollo Hospital up by 1.16%. On the flip side, Bajaj Finance down by 1.41%, SBI Life Insurance down by 1.10%, Kotak Mahindra Bank down by 1.02%, Bajaj Finserv down by 0.94% and Trent down by 0.64% were the top losers.

Asian markets are trading mixed; Taiwan Weighted added 164.71 points or 0.73% to 22,742.45, KOSPI increased 29.91 points or 0.97% to 3,104.97, Jakarta Composite gained 20.39 points or 0.3% to 6,901.64 and Shanghai Composite strengthened 2.57 points or 0.07% to 3,457.36. On the flip side, Nikkei 225 slipped 28.18 points or 0.07% to 39,734.30, Straits Times fell 5.64 points or 0.14% to 4,005.13 and Hang Seng declined 232.25 points or 0.97% to 23,989.16.
  RELATED NEWS >>
Most Viewed >>
June 25 , 2025
Top Performing Flexi Cap Funds Over The Past D
June 26 , 2025
NSE may waive fee on electricity futures trade
June 21 , 2025
Mutual fund assets surge to nearly one-third o
June 26 , 2025
SEBI slaps Rs 25 lakh fine on BSE for regulato
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.