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Domestic indices maintain gains in late morning deals
May-21-2025

Domestic equity indices maintained their gains in late morning deals as market participants indulged in enlarging their positions. Meanwhile, broader indices were also trading in green with BSE Small cap index and BSE Mid cap index gaining in the range of 0.40-0.85%. Hectic buying in Sun Pharma, Bajaj Finance, Mahindra & Mahindra, Tata Steel and Tech Mahindra companies’ stocks helped the markets to maintain their gains. Positive cues from other Asian markets supported domestic sentiments. Further, support also came in as retail inflation for farm as well as rural workers eased marginally to 3.48 per cent and 3.53 per cent, respectively, in the month of April compared to the pace of price hikes for the two categories at 3.73 per cent and 3.86 per cent recorded in March.

On the global front, Asian markets were trading mostly in green despite negative cues from the US markets overnight. Back home, most of sectoral indices on the BSE were trading in green led by Realty, Healthcare, Capital Goods, Auto and Power. 

The BSE Sensex is currently trading at 81802.87, up by 616.43 points or 0.76% after trading in a range of 81255.73 and 82021.64. There were 28 stocks advancing against 2 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.84%, while Small cap index up by 0.44%.

The top gaining sectoral indices on the BSE were Realty up by 1.75%, Healthcare up by 1.37%, Capital Goods up by 1.28%, Auto up by 1.09% and Power up by 1.00%, while Consumer Durables down by 0.21% was the only losing indices on BSE.

The top gainers on the Sensex were Sun Pharma up by 2.12%, Bajaj Finance up by 1.87%, Mahindra & Mahindra up by 1.55%, Tata Steel up by 1.42% and Tech Mahindra up by 1.31%. On the flip side, Indusind Bank down by 1.09% and Kotak Mahindra Bank down by 0.29% were the only losers.

Meanwhile, retail inflation for farm as well as rural workers eased marginally to 3.48 per cent and 3.53 per cent, respectively, in the month of April compared to the pace of price hikes for the two categories at 3.73 per cent and 3.86 per cent recorded in March. The Ministry of Labour & Employment in its statement said that the All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) has increased by 1 point each for the month of April 2025, to stand at 1307 and 1320 points, respectively.

It added that the year-on-year inflation rates based on CPI-AL and CPI-RL for April 2025 were recorded at 3.48% and 3.53%, respectively, compared to 7.03% and 6.96% in April 2024. Meanwhile, the corresponding figures for March 2025 stood at 3.73% for CPI-AL and 3.86% for CPI-RL.

In April, CPI-AL and CPI-RL for food category has inched down 1 point to 1233 and 1240 respectively as compared to 1234 and 1241 in the month of March. Meanwhile, CPI-AL and CPI-RL for Fuel & Light category, Clothing, Bedding & Footwear category and Pan, Supari category have inched up in the month of April compare to March.

The CNX Nifty is currently trading at 24871.00, up by 187.10 points or 0.76% after trading in a range of 24692.65 and 24946.20. There were 45 stocks advancing against 5 stocks declining on the index.

The top gainers on Nifty were Bharat Electronics up by 3.24%, Cipla up by 2.31%, Sun Pharma up by 2.18%, Bajaj Finance up by 1.94% and Tata Consumer up by 1.69%. On the flip side, Indusind Bank down by 1.16%, Shriram Finance down by 0.47%, Kotak Mahindra Bank down by 0.44%, Hindalco down by 0.17% and Adani Ports down by 0.07% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 166.57 points or 0.7% to 23,848.05, Jakarta Composite gained 61.65 points or 0.86% to 7,156.25, Shanghai Composite strengthened 8.23 points or 0.24% to 3,388.71, KOSPI increased 24.48 points or 0.93% to 2,626.28 and Taiwan Weighted added 277.88 points or 1.27% to 21,803.91. However, Straits Times fell 8.37 points or 0.22% to 3,874.13 and Nikkei 225 slipped 211.53 points or 0.57% to 37,317.96. 
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