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EQUITY
Post Session: Quick Review
May-30-2025

Indian equity benchmarks ended in negative territory on Friday, as traders remained cautious ahead of the release of gross domestic product (GDP) data scheduled to out later in the day. After a cautious start, soon markets slipped into the red and stayed lower for the rest of the session, dragged by selling in Metal, IT, and Auto stocks.

Some of the important factors in today’s trade:

Indian economy in PPP term already $15 trillion: Traders ignored NITI Aayog Vice-Chairman Suman Bery’s statement that the size of the Indian economy in the purchasing power parity (PPP) term is already $15 trillion, which is more than half the size of the US economy.

FDI grows three-year high of $81 billion in 2024-25: Traders overlooked Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Singh Bhatia highlighted that the foreign direct investments (FDI) in the country rose to a three-year high of $81 billion in 2024-25 and are expected to grow further.

Bilateral trade agreement talks with US are on track: Traders also paid no heed towards Commerce and Industry Minister Piyush Goyal’s statement that negotiations with the US for a bilateral trade agreement are well on track.   

Global front: European markets were trading in green despite Germany's Retail sales decreased 1.1 percent on a monthly basis, in contrast to the 0.9 percent rise in March. Sales were expected to grow 0.3 percent. Asian markets ended in red as investors watched the judicial developments surrounding U.S. President Donald Trump's ‘reciprocal’ tariffs.

The BSE Sensex ended at 81451.01, down by 182.01 points or 0.22% after trading in a range of 81286.45 and 81698.21. There were 5 stocks advancing against 25 stocks declining on the index. (Provisional)

The broader indices ended mixed; the BSE Mid cap index was down by 0.39%, while Small cap index up by 0.17%. (Provisional)

The few gaining sectoral indices on the BSE were Capital Goods up by 0.62%, Industrials up by 0.22% and Bankex up by 0.21%, while Metal down by 1.68%, Basic Materials down by 1.14%, Utilities down by 1.09%, Oil & Gas down by 1.06% and IT down by 1.05% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Eternal up by 4.95%, SBI up by 1.98%, HDFC Bank up by 0.68%, Larsen & Toubro up by 0.64% and Bajaj Finserv up by 0.01%. On the flip side, HCL Technologies down by 1.95%, Tech Mahindra down by 1.73%, Infosys down by 1.54%, Asian Paints down by 1.53% and NTPC down by 1.53% were the top losers. (Provisional)

Meanwhile, highlighting India as an attractive investment destination, Union Minister for Commerce & Industry Piyush Goyal has said that India to remain fastest-growing large economy in the world for next 30 years. He said ‘Over the past 20-25 years, Indian companies have delivered nearly 20% CAGR returns, making India a compulsive investment destination. FDI inflows are consistently breaking records. We are back on track on the growth trajectory, working through international trading relations.

On India’s economic trajectory, the minister stated that the country has maintained sustained growth of 6-7% and hopes to push it to 8% at constant prices. He said ‘Even amidst international upheavals, we are among the better-performing emerging markets. Today, India holds the 4th largest foreign exchange reserves in the world at about $690 billion. Our inflation has remained below 4% for the last three months. The Reserve Bank has done a commendable job balancing liquidity and currency management.’

Commerce Minister also cited progress on various Free Trade Agreements (FTAs), including those with the UAE, Australia, the UK, the four EFTA countries (Iceland, Liechtenstein, Norway, and Switzerland), and the ongoing bilateral trade agreement negotiations with the USA. Goyal expressed pride at India’s continued economic progress and stated that the IMF has projected that by 2027, India will be the world’s third largest GDP. He added that despite global volatility, uncertainty and complexity, India remains the fastest-growing economy and continues to power global growth through growth in India. 

The CNX Nifty ended at 24750.70, down by 82.90 points or 0.33% after trading in a range of 24717.40 and 24863.95. There were 7 stocks advancing against 43 stocks declining on the index. (Provisional)

The top gainers on Nifty were Eternal up by 4.35%, SBI up by 1.87%, HDFC Bank up by 0.90%, Larsen & Toubro up by 0.54% and Bajaj Finserv up by 0.32%. On the flip side, Bajaj Auto down by 3.01%, Hindalco down by 2.54%, Shriram Finance down by 1.98%, HCL Technologies down by 1.69% and Tech Mahindra down by 1.63% were the top losers. (Provisional) 

European markets were trading higher; Germany’s DAX gained 204.8 points or 0.86% to 24,138.03, UK’s FTSE 100 increased 60.56 points or 0.69% to 8,777.01 and France’s CAC rose 19.27 points or 0.25% to 7,798.99.

Asian markets ended lower on Friday due to uncertainty surrounding a court battle about the US President Donald Trump's tariffs and rising concerns about US economic stability, while investors were awaiting key US inflation reading that may provide further cues into the Federal Reserve's policy trajectory. Seoul shares declined sharply on profit taking and after the release of soft industrial production, retail sales and facilities investment figures for April. Chinese shares dipped, with Apple suppliers leading losses after US Treasury Secretary Scott Bessent said trade negotiations with China were ‘a bit stalled’ and suggested President Donald Trump and his Chinese counterpart Xi Jinping could get involved. Hong Kong shares fell as the suspension of US chip software exports to China, intensifying trade and tech-sector worries. Japanese shares declined as the yen extended gains after the release of hot Tokyo inflation data, which boosted the odds of a rate hike in June.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,347.49

-15.96

-0.48

Hang Seng

23,289.77

-283.61

-1.22

Jakarta Composite

--

--

--

KLSE Composite

1,508.35

-10.63

-0.70

Nikkei 225

37,965.10

-467.88

-1.23

Straits Times

3,894.61

-22.23

-0.57

KOSPI Composite

2,697.67

-22.97

-0.85

Taiwan Weighted

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