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Bourses continue to trade in green in early afternoon session
Aug-29-2025

Indian markets continued to trade in green in early afternoon session despite mixed cues from other Asian markets. Investors were looking forward to Reliance Industries’ 48th annual general meeting (AGM), which scheduled later in a day. Positive India’s industrial output data boosted the investors’ sentiments. Traders took note of report that Prime Minister Narendra Modi, while addressing the India-Japan Economic Forum in Tokyo, batted for India as an investment hub and said that the world was not only watching but also counting on Delhi. PM Modi will also be holding summit talks with his Japanese counterpart Shigeru Ishiba later in the day. On the global front, Asian markets were trading mixed as industrial production in Japan was down a seasonally adjusted 1.6 percent on month in July. That missed expectations for a decline of 1.1 percent following the 2.1 percent increase in June. On a yearly basis, industrial production was down 0.9 percent.

The BSE Sensex is currently trading at 80189.34, up by 108.77 points or 0.14% after trading in a range of 79944.67 and 80310.74. There were 21 stocks advancing against 9 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.30%, while Small cap index was up by 0.40%.

The top gaining sectoral indices on the BSE were FMCG up by 1.03%, Capital Goods up by 0.92%, Industrials up by 0.87%, Telecom up by 0.46% and Consumer Durables was up by 0.45%, while Realty down by 0.46%, Auto down by 0.35%, IT down by 0.32%, Utilities down by 0.31% and TECK was down by 0.15% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 2.26%, Bharat Electronics up by 1.64%, ITC up by 1.46%, Larsen & Toubro up by 1.38% and Ultratech Cement up by 1.23%. On the flip side, Mahindra & Mahindra down by 2.22%, Eternal down by 1.86%, Infosys down by 1.32%, NTPC down by 0.79% and Titan Company down by 0.37% were the top losers.

Meanwhile, ratings agency ICRA in its latest report has said 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. 

The ratings agency said the estimated losses for the current fiscal, however, remain significantly lower than those reported in FY22 and FY23 at Rs 21,600 crore and Rs 17,900 crore, respectively. It forecasts a modest increase in domestic air passenger traffic to 172-176 million in FY26, reflecting a growth of 4-6 per cent over the previous year, lower than its earlier projections of a 7-10 per cent increase. 

According to the report, passenger traffic growth in the first quarter of FY26 was 4.4 per cent year-on-year, weighed down by cross-border escalations that had led to flight disruptions and cancellations, as well as travel hesitancy post the aircraft accident tragedy. Accordingly, it said the yields declined by 4-5 per cent year-on-year in Q1 FY26, and added that a prolonged period of monsoons is likely to have affected air travel in July-August 2025, and now trade headwinds emanating from US tariffs are set to dampen business sentiments in the coming quarters, bringing more circumspection to travel. 

The CNX Nifty is currently trading at 24536.55, up by 35.65 points or 0.15% after trading in a range of 24464.15 and 24572.45. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 2.66%, Trent up by 2.23%, Bharat Electronics up by 1.65%, ITC up by 1.40% and Ultratech Cement up by 1.39%. On the flip side, Mahindra & Mahindra down by 2.24%, Eternal down by 1.95%, Infosys down by 1.35%, Apollo Hospital down by 1.17% and NTPC down by 0.80% were the top losers.

Asian markets were trading mixed; Hang Seng advanced 226.18 points or 0.9% to 25,225.00, Straits Times rose 16.99 points or 0.4% to 4,270.77 and Shanghai Composite was up by 16.52 points or 0.43% to 3,860.12. On the flip side, Taiwan Weighted lost 3.35 points or 0.01% to 24,233.10, KOSPI dropped 10.31 points or 0.32% to 3,186.01, Nikkei 225 slipped 85.79 points or 0.2% to 42,743.00 and Jakarta Composite was down by 180.81 points or 2.33% to 7,771.28.
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