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Key gauges trade marginally higher in morning deals
Aug-01-2025

Indian equity benchmarks were trading marginally higher in morning deals, led by gains in FMCG, Realty and Consumer Durables stocks. Traders took some support as Commerce and Industry Minister Piyush Goyal asserted that India is the world's fastest-growing major economy and will soon become the third largest. He added that international institutions and economists see India as the bright spot in the global economy. However, gains remain capped amid tariff related concerns and sustained foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,588.91 crore on Thursday, according to exchange data. Some concern came with the Reserve Bank of India (RBI) data showing that the bank credit growth to industry slowed to 5.5 per cent in the fortnight ended June 26, 2025 as compared to 7.7 per cent in the year-ago period. On the global front, Asian markets are trading mostly in red after the US slapped dozens of trading partners with steep tariffs, while investors anxiously await US jobs data that could make or break the case for a Fed rate cut next month.

The BSE Sensex is currently trading at 81313.30, up by 127.72 points or 0.16% after trading in a range of 80892.69 and 81313.30. There were 14 stocks advancing against 16 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.17%, while Small cap index was down by 0.04%.

The top gaining sectoral indices on the BSE were FMCG up by 1.10%, Realty up by 0.55%, Consumer Durables up by 0.54%, Capital Goods up by 0.45% and Bankex up by 0.32%, while Healthcare down by 1.51%, Oil & Gas down by 0.87%, Metal down by 0.73%, IT down by 0.72% and TECK down by 0.57% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 2.67%, Trent up by 1.96%, Hindustan Unilever up by 1.96%, ITC up by 1.41% and Bajaj Finance up by 1.24%. On the flip side, Sun Pharma down by 3.66%, Tata Motors down by 1.70%, Tata Steel down by 1.68%, Tech Mahindra down by 1.27% and Infosys down by 1.00% were the top losers.

Meanwhile, Union Telecom Minister Jyotiraditya Scindia has said that Indian telecom equipment exports to the US will remain competitive even after imposition of additional tariffs. According to official data, telecom equipment worth about Rs 85,000 crore have been produced under the PLI scheme, of which equipment worth Rs 16,000 crore have been exported to various countries.

Recently, US President Donald Trump had announced imposition of a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying military equipment and crude oil from Russia.

Besides, he stated over the last 11 years, under the leadership of Prime Minister Narendra Modi, India’s digital transformation has been nothing short of extraordinary. He said ‘From remote villages to bustling cities, digital access has empowered citizens, bridged divides, and made India a global leader in affordable, inclusive technology.’ Moreover, he said that telephone connections in the country now stand at 1.2 billion and internet subscriptions have surged by nearly 286 per cent to reach 970 million.

The CNX Nifty is currently trading at 24771.30, up by 2.95 points or 0.01% after trading in a range of 24672.20 and 24784.15. There were 19 stocks advancing against 31 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 2.66%, Eicher Motors up by 2.06%, Hindustan Unilever up by 1.96%, Trent up by 1.94% and ITC up by 1.41%. On the flip side, Sun Pharma down by 3.62%, Dr. Reddy's Lab down by 2.65%, Cipla down by 2.61%, ONGC down by 2.07% and Tata Steel down by 1.84% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 290.82 points or 0.71 to 40,779.00, Hang Seng declined 194.33 points or 0.78 to 24,579.00, Taiwan Weighted lost 153.66 points or 0.65 to 23,388.86, Straits Times fell 3.06 points or 0.07 to 4,170.71, Shanghai Composite weakened 8.78 points or 0.25 to 3,564.43 and KOSPI dropped 116.98 points or 3.6 to 3,128.46.

On the flip side, Jakarta Composite gained 87.33 points or 1.15 to 7,571.67.

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