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Markets trade higher with gains of over quarter percent
Jul-30-2025

Indian equity markets were trading higher with gains of over quarter a percent in late morning deals owing to buying in Larsen & Toubro, NTPC, Trent, Sun Pharma and Maruti Suzuki companies’ stocks.  Traders were getting encouragement with International Monetary Fund’s statement that India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country's stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment. Further, traders took note of CRISIL’s report that India’s 18 largest states, accounting for over 90 per cent of the country’s gross state domestic product (GSDP), are likely to record a uptick in revenue growth of 7–9 per cent in FY26, compared to the 6.6 per cent growth seen in FY25. On the BSE sectoral front, traders were seen pilling up positions in Industrials, Utilities, Power, Basic Materials and PSU, while selling was witnessed in Auto, Realty, Consumer Disc and Telecom.

On the global front, Asian markets were trading mostly in red after the U.S.-China talks in Sweden ended without a tariff truce extension. U.S. negotiators said a postponement of higher duties won’t be final until President Donald Trump signs off on the plan. Back home, in the stock specific development, Elpro International surged as the company has acquired 92,364 equity shares of Arvind Fashions. 

The BSE Sensex is currently trading at 81599.18, up by 261.23 points or 0.32% after trading in a range of 81187.06 and 81618.96. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.12%, while Small cap index up by 0.33%.

The top gaining sectoral indices on the BSE were Industrials up by 1.11%, Utilities up by 0.80%, Power up by 0.56%, Basic Materials up by 0.53% and PSU up by 0.40%, while Auto down by 0.58%, Realty down by 0.28%, Consumer Disc down by 0.17% and Telecom down by 0.03% were the top losing indices on BSE.

The top gainers on the Sensex were Larsen & Toubro up by 4.15%, NTPC up by 1.42%, Trent up by 1.19%, Sun Pharma up by 1.19% and Maruti Suzuki up by 1.08%. On the flip side, Tata Motors down by 3.03%, Hindustan Unilever down by 1.35%, Bajaj Finserv down by 0.89%, Mahindra & Mahindra down by 0.60% and Kotak Mahindra Bank down by 0.58% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that the four European nations group - European Free Trade Association (EFTA) has committed to invest $100 billion under a trade pact with India. He highlighted that these investments are expected to flow into sectors such as infrastructure and connectivity, manufacturing, machinery, pharmaceuticals, chemicals, food processing, transport and logistics, banking and financial services, insurance, and renewable energy. 

Under the trade pact, the country will receive an investment worth $100 billion in 15 years from the group while allowing several products, such as Swiss watches, chocolates, and cut and polished diamonds, at lower or zero duties. The government has established robust facilitation mechanisms to streamline the inflow of EFTA-linked investments. 

The trade deal between India and EFTA was signed on March 10, 2024. It will come into effect from October 1, 2025. The EFTA’s investments would facilitate the creation of 1 million direct jobs in India. The EFTA is an intergovernmental organization promoting free trade and economic integration among its member states: Iceland, Liechtenstein, Norway, and Switzerland. The biggest trading partner of India in the group is Switzerland.

The CNX Nifty is currently trading at 24898.70, up by 77.60 points or 0.31% after trading in a range of 24771.95 and 24902.30. There were 27 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Larsen & Toubro up by 4.18%, Tata Consumer up by 1.87%, Grasim Industries up by 1.51%, NTPC up by 1.49% and Trent up by 1.31%. On the flip side, Tata Motors down by 3.08%, Hero MotoCorp down by 1.69%, Hindustan Unilever down by 1.39%, Bajaj Finserv down by 0.86% and Dr. Reddy's Lab down by 0.60% were the top losers.

Asian markets were trading mostly in red; Hang Seng dropped 362.45 points or 1.47% to 25,150.00, Jakarta Composite declined 55.11 points or 0.73% to 7,562.80, Straits Times fell 14.46 points or 0.34% to 4,214.95, Shanghai Composite fell 3.99 points or 0.11% to 3,605.72 and Nikkei 225 was down by 40.55 points or 0.10% to 40,630.00. However, Taiwan Weighted gained 179.24 points or 0.77% to 23,461.72 and KOSPI surged 32.01 points or 0.98% to 3,262.21.  

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