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Key gauges continue to trade flat in morning deals
Aug-29-2025

Indian equity benchmarks continued to trade flat in morning deals, weighed down by persistent foreign fund outflows. Foreign Institutional Investors offloaded equities worth Rs 3,856.51 crore on Thursday, according to exchange data. Traders remained cautious as RBI Bulletin indicated downside risk to the overall demand in the Indian economy owed to persisting uncertainties related to the US trade policies. It added that the near-term inflation outlook has become more benign than anticipated earlier driven by muted food price pressures supported by favourable base effects. Sector-wise, aviation stocks remained in watch as ratings agency ICRA in its latest report stated that the Indian aviation industry may post higher losses at Rs 9,500-10,500 crore this fiscal (FY26) from an estimated Rs 5,500 crore in FY25, owing largely to the ongoing geopolitical situation and trade headwinds. On the global front, Asian markets are trading mostly in green, riding a tech-driven rally on Wall Street, with investor focus now turning to a key US inflation reading due later in the day for further clues on the Federal Reserve's rate outlook. 

The BSE Sensex is currently trading at 80120.76, up by 40.19 points or 0.05% after trading in a range of 79944.67 and 80277.68. There were 15 stocks advancing against 15 stocks declining on the index

The broader indices were trading in red; the BSE Mid cap index fell 0.41%, while Small cap index was down by 0.19%.

The top gaining sectoral indices on the BSE were Bankex up by 0.40%, FMCG up by 0.27%, Capital Goods up by 0.24% and Industrials up by 0.16%, while Realty down by 1.22%, Utilities down by 0.69%, Auto down by 0.56%, IT down by 0.55% and Metal down by 0.54% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 2.39%, ITC up by 1.25%, Kotak Mahindra Bank up by 1.23%, Ultratech Cement up by 1.14% and Bharat Electronics up by 0.89%. On the flip side, Mahindra & Mahindra down by 2.17%, Eternal down by 1.93%, Infosys down by 1.20%, NTPC down by 0.92% and Adani Ports &SEZ down by 0.71% were the top losers.

Meanwhile, India’s industrial output growth, measured in terms of the Index of Industrial Production (IIP), accelerated to a 4-month high of 3.5 per cent in July 2025 due to good performance of manufacturing sector. IIP had expanded by 5 per cent in July 2024. The country’s industrial output earlier recorded this level of growth at 3.9 per cent in March 2025. The National Statistics Office (NSO) in its revised figure for June kept the pace of industrial production growth unchanged at 1.5 per cent as against the provisional estimates released last month. During the April-July period of FY26, the country’s total industrial production grew by 2.3 per cent compared to 5.4 per cent a year ago.

The manufacturing sector, which comprises the largest component of the index, output growth rose to 5.4 per cent in July 2025 from 4.7 per cent in the year-ago month. Mining production contracted by 7.2 per cent against a growth of 3.8 per cent recorded a year ago. Power production rose by a meagre 0.6 per cent in July 2025 against 7.9 per cent in the year-ago period. The Indices of Industrial Production for the Manufacturing, Mining and Electricity sectors for the month of June 2025 stood at 156.9, 107.7 and 221.5 respectively.

Within the manufacturing sector, 14 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in July 2025 over July 2024. The top three positive contributors for the month of July 2025 are - ‘Manufacture of basic metals’ (12.7%), ‘Manufacture of electrical equipment’ (15.9%) and ‘Manufacture of other non-metallic mineral products’ (9.5%).

As per use-based classification, the output of primary goods contracted by 1.7 per cent in July 2025 against 5.9 per cent growth a year earlier. The capital goods segment growth decelerated to 5 per cent in July 2025 from 11.7 per cent in the year-ago period. The expansion in the intermediate goods segment was 5.8 per cent in the month under review against 7 per cent a year ago.

Infrastructure/construction reported a growth of 11.9 per cent in July 2025, up from a 5.5 per cent expansion in the year-ago period. Consumer durables (or white goods production) growth slowed to 7.7 per cent during the reporting month against a growth of 8.2 per cent in July 2024. In July 2025, consumer non-durables output recorded a meagre growth of 0.5 per cent as against a contraction of 4.2 per cent a year ago.

The indices stood at 147.6 for Primary Goods, 119.7 for Capital Goods, 174.1 for Intermediate Goods and 201.0 for Infrastructure/ Construction Goods for the month of July 2025. Further, the indices for Consumer durables and Consumer non-durables stand at 136.3 and 147.8 respectively.

The CNX Nifty is currently trading at 24515.35, up by 14.45 points or 0.06% after trading in a range of 24464.15 and 24564.35. There were 22 stocks advancing against 28 stocks declining on the index.

The top gainers on Nifty were Trent up by 1.81%, Kotak Mahindra Bank up by 1.32%, Shriram Finance up by 1.23%, ITC up by 1.17% and Ultratech Cement up by 1.13%. On the flip side, Eternal down by 2.19%, Mahindra & Mahindra down by 1.98%, Infosys down by 1.25%, Dr. Reddy's Lab down by 0.90% and Adani Enterprises down by 0.87% were the top losers. 

Asian markets are trading mostly in green; Hang Seng advanced 177.18 points or 0.7% to 25,176.00, Straits Times rose 15.09 points or 0.35% to 4,268.87, Taiwan Weighted added 108.84 points or 0.45% to 24,345.29 and Shanghai Composite strengthened 6.16 points or 0.16% to 3,849.76.

On the flip side, Nikkei 225 slipped 149.79 points or 0.35% to 42,679.00, Jakarta Composite plunged 180.81 points or 2.27% to 7,771.28 and KOSPI dropped 6.79 points or 0.21% to 3,189.53.
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