HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Bourses maintain gains in early afternoon session
Jun-04-2025

Indian markets maintained their gains in early afternoon session following positive cues from other Asian markets. Investors got support as Indian services growth broadly steadied in May and was underpinned by healthy demand conditions, new client wins and greater staffing capacity. The seasonally adjusted HSBC India Services PMI Business Activity Index was at 58.8 in May, marginally up from April's 58.7 and signalled another sharp rate of expansion. Meanwhile, the Organisation for Economic Co-operation and Development (OECD) in its latest 'Economic Outlook' has projected India’s economic growth at 6.3% in FY2025-26 and 6.4% in FY2026-27. On the global front, Asian markets were trading mostly in green as South Korea's inflation softened more than expected to a five-month low in May. The consumer price index registered an annual increase of 1.9 percent in May after rising 2.1 percent in April. A similar lower rate was last reported in December. 

The BSE Sensex is currently trading at 80951.43, up by 213.92 points or 0.26% after trading in a range of 80705.18 and 80973.21. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.51%, while Small cap index was up by 0.49%.

The top gaining sectoral indices on the BSE were Telecom up by 1.31%, TECK up by 0.76%, Utilities up by 0.45%, IT up by 0.40% and Auto was up by 0.33%, while Realty down by 0.53% and Consumer Durables was down by 0.15% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 2.67%, Bharti Airtel up by 1.91%, Tech Mahindra up by 0.85%, HDFC Bank up by 0.75% and Infosys up by 0.54%. On the flip side, Trent down by 0.90%, Titan Company down by 0.68%, TCS down by 0.58%, Sun Pharma down by 0.58% and Axis Bank down by 0.57% were the top losers.

Meanwhile, Crisil Ratings in its latest report has said that emerging diversified construction firms are expected to witness stable growth in 2025-26, with revenues projected to rise by 9-11 per cent. It said healthy order books, driven by the timely execution of projects, supporting their credentials, have resulted in the continued scale-up of operations.

However, the report said limited ability to pass on the impact of sharp commodity price fluctuations and stronger competition will limit the operating margins to 10-11 per cent. While the working capital requirements of emerging construction companies will be higher on-year, it will be funded mainly by better cash flows and risk management practices, thus limiting fund-based working capital bank borrowings. 

Crisil Ratings Senior Director Rahul Guha has said that the government's thrust on infrastructure and better access to funding continue to support the growth of emerging corporates in the diversified construction industry. He said diversity in the order book should enable these players to log another year of steady revenue growth. However, he said that profitability will remain flat on-year as competition within the segment intensifies and subcontracting charges remain in check.  

The CNX Nifty is currently trading at 24605.30, up by 62.80 points or 0.26% after trading in a range of 24530.45 and 24612.75. There were 31 stocks advancing against 19 stocks declining on the index.

The top gainers on Nifty were Eternal up by 2.69%, Bharti Airtel up by 1.98%, Indusind Bank up by 1.67%, Shriram Finance up by 1.13% and HDFC Life Insurance up by 1.00%. On the flip side, Trent down by 1.08%, JSW Steel down by 0.97%, Titan Company down by 0.67%, Sun Pharma down by 0.61% and Eicher Motors down by 0.60% were the top losers.

Asian markets were trading mostly in green; Taiwan Weighted added 491.16 points or 2.27% to 21,618.09, Nikkei 225 surged 300.64 points or 0.8% to 37,747.45, Hang Seng advanced 91.5 points or 0.39% to 23,603.99, KOSPI increased 71.87 points or 2.59% to 2,770.84, Jakarta Composite gained 34.85 points or 0.49% to 7,079.67 and Shanghai Composite was up by 11.11 points or 0.33% to 3,373.09. On the flip side, Straits Times was down by 1.85 points or 0.05% to 3,892.53.
  RELATED NEWS >>
Most Viewed >>
May 27 , 2025
RBI easing may spur FPI participation corporat
May 24 , 2025
International mutual funds rally up to 12% in
June 02 , 2025
GIFT Nifty sets all-time high monthly turnover
May 27 , 2025
Nifty still below peak, but why are these mutu
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.