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Domestic indices trade in green in late morning deals
Aug-29-2025

Domestic equity indices traded higher in late morning deals on account of buying in Trent, Bharat Electronics, ITC, Ultratech and Larsen & Toubro companies’ stocks. There was some encouragement in the markets as the government data showed that India's industrial production growth accelerated to a 4-month high of 3.5 per cent in July this year due to good performance of manufacturing sector. However, gains remained capped amid mounting concerns about the impact of U.S. tariffs on Indian goods. On the BSE sectoral front, traders were seen pilling up positions in Capital Goods, Industrials, FMCG, Bankex and Telecom, while selling was witnessed in Auto, Utilities, IT, Oil & Gas and TECK.

On the global front, Asian markets were trading mixed as investors assessed a slate of economic data in the region. Core consumer prices in Tokyo rose at a slower pace in August.  The Tokyo core CPI, which strips out fresh food but includes energy, climbed 2.5% from a year earlier, matching street forecasts, and easing from July’s 2.9% increase. Japan’s unemployment rate also eased to 2.3% in July, down from 2.5% the previous month. Back home, in the stock specific development, Reliance Industries was in focus ahead of its highly awaited Annual General Meeting (AGM). 

The BSE Sensex is currently trading at 80219.52, up by 138.95 points or 0.17% after trading in a range of 79944.67 and 80288.44. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.32%, while Small cap index up by 0.53%.

The top gaining sectoral indices on the BSE were Capital Goods up by 1.03%, Industrials up by 0.93%, FMCG up by 0.77%, Bankex up by 0.45% and Telecom up by 0.45%, while Auto down by 0.36%, Utilities down by 0.22%, IT down by 0.16%, Oil & Gas down by 0.10% and TECK down by 0.07% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 2.03%, Bharat Electronics up by 1.81%, ITC up by 1.52%, Ultratech Cement up by 1.48% and Larsen & Toubro up by 1.17%. On the flip side, Mahindra & Mahindra down by 2.07%, Eternal down by 1.54%, Infosys down by 1.10%, NTPC down by 0.79% and Titan down by 0.67% were the top losers.

Meanwhile, RBI Bulletin has 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. Further, India's sovereign rating upgrade by S&P bodes well for capital inflows and sovereign yields, going forward.

Moreover, favourable rainfall and temperature conditions will support kharif agriculture season and an increase in real rural wages may aid rural demand in the second half of the financial year. Coupled with the benign financial conditions, ongoing transmission of rate cuts, supportive fiscal measures and rising household optimism, the environment is conducive for holding up aggregate demand.

In July, Reserve Bank of India (RBI) said that domestic economic activity remained mixed across sectors and the timely progress of monsoon has boosted kharif sowing. Meanwhile, industrial activity remained subdued, manufacturing sector expanded along with services sector sustaining the growth momentum. Further, headline inflation fell for the ninth consecutive month in July, while financial conditions remained congenial and supportive of domestic economic activity.

The CNX Nifty is currently trading at 24556.40, up by 55.50 points or 0.23% after trading in a range of 24464.15 and 24564.35. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 2.75%, Trent up by 2.02%, Bharat Electronics up by 1.77%, Ultratech Cement up by 1.58% and ITC up by 1.46%. On the flip side, Mahindra & Mahindra down by 2.10%, Eternal down by 1.55%, Infosys down by 1.10%, Apollo Hospital down by 0.82% and Nestle down by 0.65% were the top losers.

Asian markets were trading mixed; Nikkei 225 slipped 118.79 points or 0.28% to 42,710.00, Taiwan Weighted lost 3.35 points or 0.01% to 24,233.10, Jakarta Composite plunged 180.81 points or 2.33% to 7,771.28 and KOSPI dropped 10.36 points or 0.32% to 3,185.96. However, Shanghai Composite strengthened 9.08 points or 0.24% to 3,852.68, Hang Seng advanced 253.18 points or 1.01% to 25,252.00 and Straits Times rose 15.38 points or 0.36% to 4,269.16.
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