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Bourses continue to trade lackluster in late afternoon session
Apr-24-2025

The Indian equity markets continued to trade lackluster in late afternoon session. The trade remained choppy due to monthly F&O expiry later in the day. Meanwhile, sustained selling has been seen in Realty and FMGC sectors stocks with BSE Realty index slipping 1.50% and BSE FMCG index declined by 0.73%. Besides, reports of Foreign Portfolio Investors (FPIs) pulling out $2.27 billion from Indian debt market in April has kept the investors on edge.

On the global front, Asian equity markets were trading mixed amid trade war concerns resurfaced following mixed signals from the Trump administration regarding easing tariffs on Chinese imports. European equity markets were trading lower, as traders seek more clarity on U.S - Chian trade situation.

The BSE Sensex is currently trading at 79825.26, down by 291.23 points or 0.36% after trading in a range of 79793.21 and 80173.92. There were 12 stocks advancing against 18 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index fell 0.11%, while Small cap index was up by 0.18%.

The top gaining sectoral indices on the BSE were Basic Materials up by 0.64%, Healthcare up by 0.44%, Metal up by 0.35% and Bankex up by 0.04%, while Realty down by 1.50%, FMCG down by 0.73%, TECK down by 0.72%, Consumer discretionary down by 0.37% and Oil & Gas down by 0.36% were the top losing indices on BSE.

The top gainers on the Sensex were Indusind Bank up by 4.30%, Ultratech Cement up by 1.55%, Tata Motors up by 1.02%, Sun Pharmaceutical Industries up by 0.64% and Axis Bank up by 0.49%. On the flip side, Hindustan Unilever down by 3.92%, Bharti Airtel down by 1.99%, ICICI Bank down by 1.23%, Eternal down by 1.02% and HCL Technologies down by 0.94% were the top losers.

Meanwhile, the Ministry of Coal in its latest release titled ‘India’s underground coal mining gets a major boost with new incentives by Ministry of Coal’ has said that the Ministry has introduced a series of transformative policy measures aimed at promoting underground coal mining, in a decisive step towards revitalizing India's coal sector. It also noted that these bold reforms address the traditional challenges of high capital investment and longer gestation periods, reaffirming the Government’s resolve to modernize the coal ecosystem while aligning with the broader vision of sustainable development.

To accelerate the growth/ operationalization of underground coal mining, the Ministry of Coal has introduced a robust package of incentives which includes reduction in floor revenue share and waiver of upfront payment. These incentives are further complemented by an existing 50% rebate on performance security for underground coal blocks, collectively lowering the entry threshold and facilitating smoother project implementation.

Further, Ministry of Coal said that these policy measures are expected to encourage the adoption of advanced technologies - such as continuous miners, longwall systems, remote sensing tools, and AI-based safety mechanisms - which will boost productivity while ensuring ecological balance. These forward-leaning reforms mark a strategic shift toward cleaner and more sustainable coal extraction practices.

The CNX Nifty is currently trading at 24242.50, down by 86.45 points or 0.36% after trading in a range of 24239.45 and 24347.85. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Indusind Bank up by 4.29%, Ultratech Cement up by 1.57%, Grasim Industries up by 1.47%, Tata Motors up by 1.05% and Sun Pharmaceutical Industries up by 0.68%. On the flip side, Hindustan Unilever down by 3.90%, Bharti Airtel down by 2.04%, Eicher Motors down by 1.66%, ONGC down by 1.60% and Shriram Finance down by 1.26% were the top losers.   

Asian markets are trading mixed; Hang Seng declined 162.86 points or 0.74% to 21,909.76, Jakarta Composite plunged 31 points or 0.47% to 6,603.38, Taiwan Weighted lost 160.33 points or 0.82% to 19,478.81, Nikkei 225 surged 170.52 points or 0.49% to 35,039.15 and KOSPI dropped 3.23 points or 0.13% to 2,522.33, while Shanghai Composite strengthened 0.93 points or 0.03% to 3,297.29 and Straits Times rose 1.03 points or 0.03% to 3,833.35.

European markets were trading lower; UK’s FTSE 100 decreased 26.65 points or 0.32% to 8,376.53, France’s CAC fell 57.03 points or 0.77% to 7,425.33 and Germany’s DAX lost 192.01 points or 0.88% to 21,769.96.
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