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Choppy trade persists on Dalal street
Mar-07-2025

Indian bourses are trading in green after jumping back and forth in early trading session. The market participants remained cautious amid rising fears of global trade uncertainty after U.S. president Trump exempted the tariffs on goods come under USMCA, United States-Mexico-Canada Agreement. Moreover, Crisil in its recent report indicated low probability of private capex revival despite high profitability in India, further weighed down the investor sentiments. The trade over broader market remained choppy, while small cap stocks outperform its peers to trade higher in today’s trade.

On the global front, Asian equity markets were trading mostly in red and European equity markets were trading lower amid global trade tensions.

The BSE Sensex is currently trading at 74385.02, up by 44.93 points or 0.06% after trading in a range of 74038.03 and 74586.43. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index fell 0.12%, while Small cap index was up by 1.10%.

The top gaining sectoral indices on the BSE were Industrials up by 1.09%, Basic Materials up by 0.78%, Capital Goods up by 0.71%, Energy up by 0.66% and Metal up by 0.48%, while Utilities down by 0.87%, IT down by 0.83%, Consumer Durables down by 0.64%, Realty down by 0.62% and Power down by 0.59% were the top losing indices on BSE.

The top gainers on the Sensex were Reliance Industries up by 3.36%, Nestle up by 1.74%, Adani Ports up by 1.39%, Tata Motors up by 1.36% and Ultratech Cement up by 1.04%. On the flip side, Indusind Bank down by 3.20%, Zomato down by 2.97%, NTPC down by 2.41%, Infosys down by 1.86% and HCL Technologies down by 1.53% were the top losers.

Meanwhile, NITI Aayog Vice-Chairman Suman Bery has said that India needs to attract micro, small and medium enterprises (MSMEs) from other countries to drive competitiveness and integrate small and medium enterprises with larger supply chains to achieve 7-8 per cent economic growth. He said that attracting foreign MSMEs also depends on a vibrant relationship between domestic MSMEs and the large-scale corporates to which they contribute. 

Pointing out the integration of the automotive sector in Thailand and Japan with the global value chain over the last 20 years, the NITI Aayog VC also said ‘there is a terrific home bias in the activities of our large scale manufacturers, and we have got to chip away.’ He said MSMEs need to be integrated into larger supply chains to drive real competitiveness and achieve 7-8 per cent economic growth. He noted that ‘growth happens through innovations and gains from trade, but sustaining momentum is harder when you are doing well’. The challenge is to keep pushing forward -- India's corporate sector must step up, and MSMEs need to be integrated into larger supply chains to drive real competitiveness and achieve 7-8 per cent growth.

Talking on India's growth prospects, he said that the country has staged a remarkable economic recovery post-COVID, emerging as the fastest-growing large economy in the world, as acknowledged by the IMF. He said with moderate inflation and declining poverty levels, the country is on a strong growth trajectory. The challenge now is to sustain and accelerate this momentum.

The CNX Nifty is currently trading at 22591.20, up by 46.50 points or 0.21% after trading in a range of 22464.75 and 22633.80. There were 29 stocks advancing against 21 stocks declining on the index.

The top gainers on Nifty were Reliance Industries up by 3.69%, Bajaj Auto up by 1.71%, Nestle up by 1.71%, Bharat Electronics up by 1.57% and Adani Ports up by 1.55%. On the flip side, Indusind Bank down by 3.19%, NTPC down by 2.23%, Shriram Finance down by 1.98%, Infosys down by 1.94% and HCL Technologies down by 1.53% were the top losers.

Asian markets are trading mostly in red; Hang Seng declined 138.41 points or 0.57% to 24,231.30, KOSPI dropped 12.68 points or 0.49% to 2,563.48, Nikkei 225 slipped 817.76 points or 2.22% to 36,887.17, Taiwan Weighted lost 139.36 points or 0.62% to 22,576.07, Straits Times fell 9.48 points or 0.24% to 3,907.58 and Shanghai Composite weakened 8.55 points or 0.25% to 3,372.55, while Jakarta Composite gained 28.14 points or 0.43% to 6,645.99.

European markets were trading lower; UK’s FTSE 100 decreased 35.6 points or 0.41% to 8,647.24, France’s CAC fell 90.46 points or 1.1% to 8,107.21 and Germany’s DAX lost 347.96 points or 1.49% to 23,071.52.
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