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Domestic indices maintain gains in late morning deals
Jun-05-2025

Domestic equity indices maintained their gains in late morning deals on account of buying by funds and retail investors. Hectic buying in Eternal, Trent, Power Grid, Reliance Industries and Adani Ports companies’ stocks helped the markets to maintain their gains. Positive cues from the other Asian markets supported domestic sentiments. Further, falling U.S. Treasury yields, dollar and crude oil prices also supported domestic sentiment. Besides, some support also came in as private report said that retail inflation, or the Consumer Price Index (CPI), will continue to moderate to 3.0 per cent in May, a six-year low, mainly due to the sequential moderation in prices of cereals and pulses even as most other segments started to strengthen. 

On the global front, Asian markets were trading mostly in green, following mixed cues from the US markets overnight, amid optimism about the outlook for interest rates after the release of some weaker than expected U.S. economic data, which raised concerns about the strength of the economy.  Back home, most of sectoral indices on the BSE were trading in green led by Realty, Healthcare, Consumer Disc, Utilities and Power.

The BSE Sensex is currently trading at 81395.18, up by 396.93 points or 0.49% 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 was up by 0.52%, while Small cap index up by 0.82%.

The top gaining sectoral indices on the BSE were Realty up by 1.73%, Healthcare up by 0.97%, Consumer Disc up by 0.89%, Utilities up by 0.67% and Power up by 0.64%, while Auto down by 0.03% was the only losing index on BSE.

The top gainers on the Sensex were Eternal up by 5.87%, Trent up by 2.42%, Power Grid up by 1.87%, Reliance Industries up by 1.51% and Adani Ports up by 1.43%. On the flip side, Bajaj Finance down by 0.85%, Bajaj Finserv down by 0.61%, Maruti Suzuki down by 0.53%, Mahindra & Mahindra down by 0.41% and Tata Steel down by 0.41% were the top losers.

Meanwhile, with an aim to further deepen the maritime relationship between India and Norway, Union Minister of Ports, Shipping and Waterways (MoPSW), Sarbananda Sonowal has hold bilateral meetings with Norway’s Transport Minister Jon-Ivar Nygard as well as with Minister of Fisheries and Ocean Policy, Marianne Sivertsen. Emphasizing the country’s initiatives in green shipping and digital transformation, Sonowal held a meeting with Transport Minister Jon-Ivar Nygard in order to boost application of ‘Green Maritime Technologies’. Building on the Green Coastal Shipping Programme and Green Voyage 2050, both countries explored joint efforts in smart logistics, digital port ecosystems, and clean coastal shipping. India’s MAITRI initiative and Norway’s expertise in AI-driven port management, digital twins, and alternative fuels like LNG, hydrogen, and electric propulsion offer strong synergies to advance a sustainable Blue Economy. 

India has proposed to conduct a joint feasibility study for operationalising the Northern Sea Route (NSR) with Norwegian and Indian agencies. The country has expressed its keenness to work with Norway in Arctic navigation by collaborating on R&D in Arctic shipping, design and construction of ice-class vessels, advancement of navigational technologies, with a focus on ensuring safe and sustainable shipping practices in Arctic waters, addressing the unique operational challenges posed by extreme weather conditions, and minimising environmental impacts. Besides, during the bilateral meeting, Minister Sonowal and Norway’s Minister of Fisheries and Ocean Policy have discussed on possibilities and opportunities in Ship Recycling, Seafarer’s Training, Sustainable Fisheries and Ocean Management, Ocean Renewable Energy, and Offshore Hydrocarbons. Moreover, as both countries share a legacy of shipbuilding collaboration, they agreed to leverage Norway’s cutting-edge ship design expertise and India’s robust shipyard capacity to jointly produce world-class, eco-friendly vessels -- driving a transformative shift in sustainable maritime transport.

Minister Sonowal has emphasized the key role of ‘Maritime India Vision 2030’ and ‘Maritime Amrit Kaal Vision 2047’ in advancing India’s port infrastructure, green shipping, shipbuilding, and digitalisation. He also undermined country’s bold mission to transform its ports into global investment hubs, leveraging Public-Private Partnerships (PPP) and Green Energy integration saying, ‘Our ports are not just gateways to trade, they are becoming catalysts of clean energy transitions, supporting offshore wind, green hydrogen, and low-carbon logistics’.

The CNX Nifty is currently trading at 24736.95, up by 116.75 points or 0.47% 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 5.82%, Dr. Reddy's Lab up by 2.95%, Trent up by 2.42%, Power Grid up by 1.84% and Adani Ports up by 1.53%. On the flip side, Indusind Bank down by 1.14%, Bajaj Finance down by 0.92%, Bajaj Finserv down by 0.73%, Mahindra & Mahindra down by 0.53% and Tata Consumer down by 0.52% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 138.73 points or 0.58% to 23,792.76, Jakarta Composite gained 51.07 points or 0.72% to 7,120.11, Shanghai Composite strengthened 2.91 points or 0.09% to 3,379.11, Straits Times rose 4.47 points or 0.11% to 3,908.35, KOSPI increased 37.12 points or 1.32% to 2,807.96 and Taiwan Weighted added 56.34 points or 0.26% to 21,674.43. However, Nikkei 225 slipped 191.98 points or 0.51% to 37,555.47.
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