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Indian bourses continue to trade higher
Mar-06-2025

Indian bourses continued to trade higher in late afternoon session following positive cues from Asian markets. Optimism raised among market participants after U.S. exempted automakers from newly imposed tariffs on Mexico and Canada for one month, raising hopes for trade negotiations. Traders took support of RBI’s commitment to inject Rs 1.9 lakh crore liquidity into banking system. Moreover, the crude sensitive stocks surge after crude oil prices slipped to six months low. 

On the global front, Asian equity markets were trading mostly in green as China’s goal to grow by 5% in 2025 raised expectation of additional stimulus measures amid ongoing trade tensions with the US. The European equity markets were trading mostly in green amid rising expectation of interest-rate cut by European Central Bank. 

The BSE Sensex is currently trading at 74259.62, up by 529.39 points or 0.72% after trading in a range of 73415.68 and 74308.59. There were 24 stocks advancing against 6 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index up by 0.85%, while Small cap index was up by 1.82%.

The top gaining sectoral indices on the BSE were Metal up by 3.06%, Energy up by 2.65%, Oil & Gas up by 2.32%, Basic Materials up by 1.85% and PSU up by 1.45% while, Telecom down by 0.18% was the lone loser BSE sectoral index.

The top gainers on the Sensex were Asian Paints up by 4.47%, Tata Steel up by 3.52%, Adani Ports up by 3.01%, Bajaj Finserv up by 2.33% and Reliance Industries up by 2.33%. On the flip side, Tech Mahindra down by 2.20%, Kotak Mahindra Bank down by 0.83%, Tata Motors down by 0.15%, ITC down by 0.14% and Zomato down by 0.09% were the top losers.

Meanwhile, Union Labour Minister Mansukh Mandaviya has said that 17.1 crore jobs were created in the country in a decade from 2014 to 2024, and 4.6 crore of these employments were added in the past year alone. He noted a significant drop in unemployment rates, from 6 per cent in 2017-18 to 3.2 per cent in 2023-24, and a remarkable rise in female employment from 22 per cent to 40.3 per cent in the same period. 

The minister attributed these achievements to the government's progressive policies that have strengthened the country's workforce. He also highlighted the impact of the government's social security initiatives, citing the ILO World Social Security Report 2024-26, which showed India's social security coverage doubling from 24.4 per cent to 48.8 per cent. The expansion of the e-Shram Portal, covering over 30.67 crore unorganised workers, and the inclusion of gig workers under PMJAY, reinforce the government's commitment to workforce welfare.

The government has also integrated 12 key welfare schemes under e-Shram and has made the portal available in 22 Indian languages. Additionally, to support workers' families, 10 new ESIC medical colleges have been approved, with plans for 10 more in the pipeline. He reaffirmed that under Prime Minister Narendra Modi's leadership, India's investment in its people is shaping a stronger, self-reliant nation, ensuring long-term benefits for future generations.

The CNX Nifty is currently trading at 22520.15, up by 182.85 points or 0.82% after trading in a range of 22245.85 and 22528.95. There were 39 stocks advancing against 10 stocks declining, while 1 stock remain unchanged on the index.

The top gainers on Nifty were Asian Paints up by 4.59%, Coal India up by 4.03%, Hindalco up by 3.77%, BPCL up by 3.74% and Tata Steel up by 3.66%. On the flip side, Tech Mahindra down by 2.28%, Trent down by 1.51%, Britannia Industries down by 0.79%, Bharat Electronics down by 0.53% and HDFC Life Insurance down by 0.50% were the top losers.

Asian markets are trading mostly in green; Hang Seng advanced 775.5 points or 3.18% to 24,369.71, Jakarta Composite gained 96.76 points or 1.46% to 6,628.16, KOSPI increased 18.03 points or 0.7% to 2,576.16, Nikkei 225 surged 286.69 points or 0.76% to 37,704.93, Shanghai Composite strengthened 39.14 points or 1.16% to 3,381.10 and Straits Times rose 17.85 points or 0.46% to 3,916.25, while Taiwan Weighted lost 156.47 points or 0.69% to 22,715.43.

European markets were trading mostly in green; Germany’s DAX gained 206.1 points or 0.89% to 23,287.13 and France’s CAC rose 6.36 points or 0.08% to 8,180.11, while UK’s FTSE 100 decreased 61.89 points or 0.71% to 8,693.95.
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