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Markets continue to trade higher in late trade
Jul-30-2025

Indian equity benchmarks continued to trade higher in late afternoon session buoyed by positive earnings reaction of Larsen & Toubro, Asian Paints and NTPC. Besides, investors’ sentiments remained optimistic after Crisil Ratings in its research report indicated that revenue growth of 18 large states, which account for over 90 per cent of the gross state domestic product, is likely to witness a marginal uptick at 7-9 per cent to Rs 40 lakh crore this financial year (FY26). However, gains remained capped amid lingering uncertainty over the delayed India-U.S. trade deal. Further, persistent foreign funds outflows kept the trading sentiments subdued. The foreign institutional investors (FIIs) were the net sellers on yesterday’s trade, offloading equities worth Rs 4,636.60 crore.

On the global front, Asian equity markets were trading mixed as caution prevailed ahead of Bank of Japan rate decisions and the August 1 tariff deadline. European equity markets were trading mostly in green ahead of earnings release of big U.S. tech companies and Federal Reserve's rate decision. 

The BSE Sensex is currently trading at 81604.47, up by 266.52 points or 0.33% after trading in a range of 81187.06 and 81618.96. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.21%, while Small cap index was up by 0.27%.

The top gaining sectoral indices on the BSE were Industrials up by 1.37%, Utilities up by 0.72%, Power up by 0.58%, TECK up by 0.52% and IT up by 0.43%, while Realty down by 0.68%, Auto down by 0.59%, Telecom down by 0.14%, Energy down by 0.09% and Metal down by 0.07% were the top losing indices on BSE.

The top gainers on the Sensex were Larsen & Toubro up by 4.98%, NTPC up by 1.58%, Sun Pharmaceutical Industries up by 1.18%, Bharti Airtel up by 0.99% and Maruti Suzuki up by 0.95%. On the flip side, Tata Motors down by 3.38%, Bajaj Finserv down by 0.70%, Eternal down by 0.57%, Kotak Mahindra Bank down by 0.48% and Hindustan Unilever down by 0.47% were the top losers.

Meanwhile, Minister of State for Finance Pankaj Chaudhary has said that to reduce the interest-to-revenue ratio, the government's strategy is to focus on ensuring a downward trajectory ratio of debt to GDP. He said as announced in the Budget Speech for the FY 2024-25 (Regular), debt to GDP ratio has been chosen as the fiscal anchor from FY 2026-27 onwards.

As per Budget 2025-26, the minister said, the government aims to keep the fiscal deficit in each year in such a manner that the Central Government debt is on a declining path to attain debt-to-GDP level of about 50±1 per cent by March 31, 2031. Fiscal deficit is a consolidated measure which is arrived at after subtracting non-debt receipts from total expenditure. 

He further said interest payments are 25.2 per cent of total expenditure and 37.3 per cent of revenue receipts as per the Union Budget 2025-26. The fiscal space has been calibrated to increase the trend of capital expenditure from Rs 4.26 lakh crore in FY 2020-21 to Rs 11.21 lakh crore in BE 2025-26. Further, he said, one of the measures of welfare expenditure, Centrally Sponsored Schemes (CSS), has increased from Rs 3.84 lakh crore in FY 2020-21 to Rs 5.42 lakh crore BE 2025-26.

The CNX Nifty is currently trading at 24887.45, up by 66.35 points or 0.27% after trading in a range of 24771.95 and 24902.30. There were 26 stocks advancing against 24 stocks declining on the index.

The top gainers on Nifty were Larsen & Toubro up by 4.99%, NTPC up by 1.58%, Tata Consumer Products up by 1.32%, Sun Pharmaceutical Industries up by 1.28% and Maruti Suzuki up by 1.02%. On the flip side, Tata Motors down by 3.35%, Hero MotoCorp down by 1.66%, Shriram Finance down by 1.54%, Cipla down by 1.25% and Bajaj Auto down by 1.06% were the top losers. 

Asian markets are trading mixed; Shanghai Composite strengthened 6.01 points or 0.17 to 3,615.72, Taiwan Weighted added 260.2 points or 1.11 to 23,461.72 and KOSPI increased 23.90 points or 0.73 to 3,254.47, while Nikkei 225 slipped 45.55 points or 0.11 to 40,629.00, Hang Seng declined 382.45 points or 1.52 to 25,142.00, Straits Times fell 14.25 points or 0.34 to 4,215.16 and Jakarta Composite plunged 81.96 points or 1.09 to 7,535.95.

European markets were trading mostly in green; France’s CAC rose 40.44 points or 0.51 to 7,897.80 and Germany’s DAX gained 38.23 points or 0.16 to 24,255.60, while UK’s FTSE 100 decreased 17.55 points or 0.19 to 9,118.77.
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