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Indian bourses continue to trade lower amid mixed global cues
Mar-13-2025

Indian bourses continue to trade lower in late afternoon session following mixed global cues. Market participants remained cautious amid fears of looming global trade war its possible impact on global economy weighed down investor sentiments. The broader markets were also trading lower, the IT sector stocks faced a deep cut owing to rising fears of possible recession in the US economy. Traders overlooked HSBC India Business Outlook report stating that private sector companies in India were strongly confident that demand conditions would remain favourable over the course of the coming 12 months, a key factor that underpinned optimistic forecasts for investment, output, job creation and profitability during February.

On the global front, Asian equity markets were trading mostly in red amid global trade uncertainty. European equity markets were also trading mostly in red after U.S. President escalated global trade tensions by threatening more tariffs on EU goods.

The BSE Sensex is currently trading at 73859.37, down by 170.39 points or 0.23% after trading in a range of 73846.98 and 74401.11. There were 11 stocks advancing against 19 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index down by 0.59%, while Small cap index was down by 0.63%.

The top gaining sectoral indices on the BSE were Bankex up by 0.19%, PSU up by 0.18%, Capital Goods up by 0.15%, Power up by 0.14% and Telecom up by 0.07%, while Realty down by 1.55%, Auto down by 0.85%, Consumer Disc down by 0.72%, Metal down by 0.60% and Basic Materials down by 0.59% were the top losing indices on BSE.

The top gainers on the Sensex were SBI up by 0.86%, ICICI Bank up by 0.59%, Kotak Mahindra Bank up by 0.47%, Tata Steel up by 0.40% and Sun Pharmaceutical Industries up by 0.40%. On the flip side, Tata Motors down by 2.01%, Zomato down by 1.19%, Hindustan Unilever down by 1.08%, Maruti Suzuki down by 1.04% and Indusind Bank down by 0.97% were the top losers.

Meanwhile, The HSBC India Business Outlook report, compiled by S&P Global, has showed that private sector companies in India expect demand conditions to remain favourable over the course of the coming 12 months, on the back of new projects in the pipeline and product differentiation, alongside advertising and tech investment. The report further noted that although levels of positive sentiment slipped since last October, they outpaced the respective global averages.

On the inflation front, relatively softer cost pressures in India enabled businesses to adopt more competitive pricing strategies in international markets. While services firms were slightly more likely to predict an uptick in staff costs than manufacturers, the opposite was registered for non-staff expenses. In all cases, however, cost inflation expectations moderated since late last year.

According to the report, predictions of demand strength, softer cost pressure and maintained price power underpinned upbeat forecasts towards profitability. Besides, to facilitate output growth, private sector companies in India intend to recruit additional workers in the year ahead. Nevertheless, hiring plans were at their lowest for a year. Services firms were slightly more upbeat towards job creation than goods producers.

The CNX Nifty is currently trading at 22398.30, down by 72.20 points or 0.32% after trading in a range of 22396.40 and 22558.05. There were 15 stocks advancing against 35 stocks declining on the index.

The top gainers on Nifty were Bharat Electronics up by 1.39%, SBI up by 0.80%, Trent up by 0.78%, ICICI Bank up by 0.53% and Cipla up by 0.52%. On the flip side, Shriram Finance down by 2.81%, Tata Motors down by 1.97%, Hindalco down by 1.91%, Wipro down by 1.75% and SBI Life Insurance down by 1.59% were the top losers.

Asian markets are trading mostly in red; Hang Seng declined 137.66 points or 0.59% to 23,462.65, Jakarta Composite plunged 17.48 points or 0.26% to 6,647.57, KOSPI dropped 1.18 points or 0.05% to 2,573.64, Nikkei 225 slipped 29.06 points or 0.08% to 36,790.03, Taiwan Weighted lost 316.68 points or 1.44% to 21,961.68 and Shanghai Composite weakened 13.19 points or 0.39% to 3,358.73, while Straits Times rose 4.64 points or 0.12% to 3,837.71. 

European markets were trading mostly in red; France’s CAC fell 10.6 points or 0.13% to 7,978.36 and Germany’s DAX lost 116.97 points or 0.52% to 22,559.44, while UK’s FTSE 100 increased 20.58 points or 0.24% to 8,561.55.
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