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Markets add some gains in late trade
Sep-03-2025

Indian equity markets added some gains in the late afternoon session. Investors remained optimistic over bilateral trade deal between India and US after Commerce and Industry Minister Piyush Goyal expressed hope that India will conclude the proposed bilateral trade agreement (BTA) with the US by the fall or November this year. Besides, traders took support of Union Finance Minister Nirmala Sitharaman saying that the next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses. Further, market participants cheered as India services sector growth reached a fifteen-year high in the month of August, on the back of surging new orders. The broad-based expansion in international sales bolstered overall demand, which prompted Indian services firms to hire additional workers. The seasonally adjusted HSBC India Services PMI Business Activity Index grew to 62.9 in August from 60.5 in July.

On the sectoral front, Asian equity markets were trading mixed tracking losses on Wall Street overnight. All European equity markets were trading higher after he HCOB Eurozone Composite Purchasing Managers' Index (PMI) edged up from 50.9 in July to 51.0, marking a 12-month high.

The BSE Sensex is currently trading at 80433.44, up by 275.56 points or 0.34% after trading in a range of 80004.60 and 80458.62. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.51%, while Small cap index was up by 0.86%.

The top gaining sectoral indices on the BSE were Metal up by 3.00%, Basic Materials up by 1.48%, Healthcare up by 1.09%, Consumer Durables up by 0.73% and Consumer Discretionary up by 0.65%, while IT down by 0.69% and TECK down by 0.56% were the only losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 5.71%, Titan Company up by 2.10%, Tata Motors up by 1.21%, Mahindra & Mahindra up by 1.18% and ITC up by 1.07%. On the flip side, Infosys down by 1.30%, TCS down by 0.56%, NTPC down by 0.51%, Axis Bank down by 0.40% and Hindustan Unilever down by 0.38% were the top losers.

Meanwhile, India services sector growth reached a fifteen-year high in the month of August, on the back of surging new orders. The broad-based expansion in international sales bolstered overall demand, which prompted Indian services firms to hire additional workers.

According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index grew to 62.9 in August from 60.5 in July. Further, the HSBC India Composite PMI Output Index -- which measures both manufacturing and services -- also surged to 63.2 in August as against 61.1 in July, indicating the sharpest pace of expansion in over 17 years.

The report said that sustained job creation helped service providers to somewhat stay on top of their workloads. Outstanding business volumes still expanded in August, but did so only marginally and at the weakest pace in close to a year.

As per the report, year-ahead expectations improved to a joint five-month high in August (equal to May), buoyed by budget allocation for advertising and forecasts that demand trends will remain favourable. Some companies also hope to be able to take on more work as a result of staff recruitment in recent months.

The CNX Nifty is currently trading at 24674.35, up by 94.75 points or 0.39% after trading in a range of 24533.20 and 24679.85. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 5.97%, Hindalco up by 2.95%, JSW Steel up by 2.86%, Coal India up by 2.24% and Indusind Bank up by 2.03%. On the flip side, Infosys down by 1.42%, HDFC Life Insurance down by 0.67%, NTPC down by 0.59%, TCS down by 0.55% and Wipro down by 0.46% were the top losers.

Asian equity markets were trading mixed; Taiwan Weighted added 83.52 points or 0.35% to 24,100.30, Jakarta Composite gained 61.03 points or 0.78% to 7,862.62 and KOSPI increased 12.07 points or 0.38% to 3,184.42, while Nikkei 225 slipped 380.49 points or 0.91% to 41,930.00, Hang Seng declined 169.55 points or 0.67% to 25,327.00, Straits Times fell 7.16 points or 0.17% to 4,291.35 and Shanghai Composite weakened 44.57 points or 1.17% to 3,813.56.

All European equity markets were trading higher; UK’s FTSE 100 increased 28.36 points or 0.31% to 9,145.05, France’s CAC rose 69.15 points or 0.9% to 7,723.40 and Germany’s DAX gained 122.77 points or 0.52% to 23,610.10.
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