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Key gauges continue to trade marginally higher in morning deals
Aug-19-2025

Indian equity benchmarks continued to trade marginally higher in morning deals, as optimism prevailed in the market buoyed by plans for big bang reforms in the GST regime by Diwali. Traders took some support as the commerce and industry ministry is working on a 100-day reforms agenda which may include proposals such as further liberalising FDI regime, easing investments from neighbouring countries, and more tax benefits for startups. The proposals may also include easing certain environmental norms for the leather and footwear industry, liberalised rules to promote exports through e-commerce hubs, and integrating lab testing and certification requirements for various sectors. Sector-wise, telecom stocks remained in watch as Crisil Ratings’ statement that the operating profit of telecom companies in India is expected to grow 12-14 per cent to about Rs 1.55 lakh crore this fiscal, driven by more data consumption and rise in average revenue per user. On the global front, Asian markets are trading mostly in red as investors remained reluctant to pick up stocks as they looked ahead to a meeting between U.S. President Donald Trump and several European leaders to discuss the situation in Ukraine. 

The BSE Sensex is currently trading at 81396.75, up by 123.00 points or 0.15% after trading in a range of 81315.44 and 81512.36. There were 14 stocks advancing against 16 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.25%, while Small cap index was up by 0.48%.

The top gaining sectoral indices on the BSE were Energy up by 1.10%, Oil & Gas up by 1.04%, Auto up by 0.96%, Telecom up by 0.54% and Consumer discretionary up by 0.48%, while Consumer Durables down by 0.30%, Realty down by 0.23%, Capital Goods down by 0.09%, Bankex down by 0.08% and Utilities down by 0.05% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Motors up by 3.16%, Reliance Industries up by 2.31%, Bharti Airtel up by 1.54%, Adani Ports &SEZ up by 1.20% and Kotak Mahindra Bank up by 0.41%. On the flip side, Bajaj Finance down by 1.25%, Bharat Electronics down by 1.24%, HCL Technologies down by 1.08%, Asian Paints down by 0.86% and Trent down by 0.85% were the top losers.

Meanwhile, Former Reserve Bank of India (RBI) Governor D Subbarao has said that 'Make in India' should not transform into 'Make all that India needs' as it would hurt investments in the country and impact productivity. Further, Subbarao said the punitive 50 per cent tariffs on Indian exports imposed by the US will raise the costs of Indian goods in the most important overseas market, which is America.  

He stated ‘If 'Make in India' degenerates into 'Make all that India needs', we risk losing the chance to attract investment away from China. The tariffs remind us that openness, not isolation, is the path to sustainable growth.’ Moreover, Subbarao said the success of 'Make in India' hinges on competitiveness, not protectionism.

He said ‘Atmanirbhar Bharat, an aspiration that the Prime Minister reiterated in his Independence Day speech, must mean strategic self-reliance in sensitive areas like defence and energy, not blanket self-sufficiency.’ According to him, 'Make in India' was conceived as positioning the country as an export-driven manufacturing hub-making in India, not just for India, but for the world.

Besides, he said ‘Punitive US tariffs cut directly into this ambition by raising the cost of Indian goods in our most important overseas market.’ He added that investors considering India as an alternative to China in their China+1 diversification strategy will hesitate to lock into an India that is saddled with the highest tariffs in Asia.

The CNX Nifty is currently trading at 24911.15, up by 34.20 points or 0.14% after trading in a range of 24873.95 and 24936.45. There were 18 stocks advancing against 32 stocks declining on the index.

The top gainers on Nifty were Tata Motors up by 3.18%, Reliance Industries up by 2.26%, Hero MotoCorp up by 1.79%, Bajaj Auto up by 1.79% and Bharti Airtel up by 1.65%. On the flip side, Bajaj Finance down by 1.36%, Bharat Electronics down by 1.23%, SBI Life Insurance down by 1.18%, Shriram Finance down by 1.01% and HCL Technologies down by 0.99% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 74.31 points or 0.17% to 43,640.00, Taiwan Weighted lost 84.61 points or 0.35% to 24,397.91, Jakarta Composite plunged 7.34 points or 0.09% to 7,891.04 and KOSPI dropped 21.56 points or 0.68% to 3,155.72.

On the flip side, Hang Seng advanced 13.15 points or 0.05% to 25,190.00, Straits Times rose 27.47 points or 0.66% to 4,214.85 and Shanghai Composite strengthened 16.23 points or 0.44% to 3,744.26.

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