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Key gauges continue to trade in green in morning deals
Jun-05-2025

Indian equity benchmarks erased some gains but continued to trade in green in morning deals, driven by buying in blue-chip stock such as Eternal, Trent and Adani Ports & SEZ, and fresh foreign fund inflows. Foreign Institutional Investors (FIIs) turned buyers on Wednesday. They bought equities worth Rs 1,076.18 crore, according to exchange data. Some support also came as Moody's Investors Service and its local arm ICRA Ratings have said that Indian enterprises are well positioned to handle the impact of tariffs and geopolitical tensions. However, gains remain capped as market participants are keenly awaiting the outcome of the Reserve Bank of India's monetary policy meeting for further cues. The Reserve Bank's rate-setting panel started its three-day brainstorming on monetary policy on Wednesday, and the outcome is scheduled to be announced on June 6. On the global front, Asian markets are trading mostly in green as weak U.S. economic data reinforced speculation that the Federal Reserve will cut interest rates at least twice this year. 

The BSE Sensex is currently trading at 81306.98, up by 308.73 points or 0.38% after trading in a range of 80983.73 and 81461.99. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.33%, while Small cap index was up by 0.61%.

The top gaining sectoral indices on the BSE were Consumer Discretionary up by 0.74%, Healthcare up by 0.73%, Energy up by 0.69%, Oil & Gas up by 0.60% and Basic Materials up by 0.59%, while Consumer Durables down by 0.10% was the lone losing index on BSE.

The top gainers on the Sensex were Eternal up by 4.54%, Trent up by 2.27%, Adani Ports &SEZ up by 1.59%, Power Grid Corporation up by 1.32% and Reliance Industries up by 1.25%. On the flip side, Bajaj Finance down by 0.95%, Bajaj Finserv down by 0.81%, Maruti Suzuki down by 0.78%, Axis Bank down by 0.60% and Tata Motors down by 0.46% were the top losers.

Meanwhile, External Affairs Minister S Jaishankar has said India and Australia have witnessed an ‘enormous deepening and diversification’ of bilateral cooperation in the last five years, and reaffirmed commitment to look at areas such as critical minerals, cyber, technology, and space as further domains of collaboration.

Talking an event at the Australian High Commission to mark the fifth anniversary of India-Australia Comprehensive Strategic Partnership, he said the reason behind this ‘dosti’ has actually been the ‘strong leadership that we have seen from both countries’. He said ‘here we are - not just with a transformed relationship’, but actually marking five years of the India-Australia Comprehensive Strategic Partnership.’ He said ‘I think these have been five great years in our ties. Many more to come.’

He said ‘So, I am here today to reaffirm, in the presence of the Deputy Prime Minister of Australian, a strong commitment to take this relationship to still greater heights, to look at areas like critical minerals, cyber, technology, space, sports as further domains of collaboration, and to work on mechanisms - most of all the Quad, but in the East Asia Summit platforms, the Indian Ocean Rim Association, the United Nations, even the trilateral grouping that we have with France.’

The CNX Nifty is currently trading at 24720.00, up by 99.80 points or 0.41% after trading in a range of 24613.10 and 24761.50. There were 32 stocks advancing against 18 stocks declining on the index.

The top gainers on Nifty were Eternal up by 4.42%, Dr. Reddy's Lab up by 2.60%, Trent up by 2.38%, Adani Ports &Special up by 1.73% and Power Grid Corp up by 1.32%. On the flip side, Bajaj Finance down by 1.01%, Bajaj Finserv down by 0.87%, Maruti Suzuki down by 0.73%, Indusind Bank down by 0.60% and Axis Bank down by 0.49% were the top losers.

Asian markets are trading mostly in green; Taiwan Weighted added 35.59 points or 0.16% to 21,653.68, Hang Seng advanced 98.34 points or 0.41% to 23,752.37, KOSPI increased 33.89 points or 1.22% to 2,804.73, Straits Times rose 0.95 points or 0.02% to 3,904.83, Jakarta Composite gained 52.64 points or 0.74% to 7,121.68 and Shanghai Composite strengthened 2.62 points or 0.08% to 3,378.82.

On the flip side, Nikkei 225 slipped 200.97 points or 0.53% to 37,546.48.
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