HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Bourses extend gains in early afternoon session
Jun-05-2025

Indian markets extended their gains in early afternoon session amid value buying by investors. Traders were hoping that Reserve Bank of India (RBI) is likely to reduce its benchmark rate by 25 basis points for the third consecutive time, aiming to support economic growth amid global uncertainties. Sector wise, steel sector remained in limelight as Indian Stainless Steel Development Association (ISSDA) President Rajamani Krishnamurti has said that the demand for stainless steel in the country is expected to grow in the range of 7-8 per cent Year-on-Year (Y-o-Y) over the next three years. On the global front, Asian markets were trading mostly in green as Singapore's retail sales increased for the second straight month in April. Retail sales rose 0.3 percent year-on-year in April, following an upwardly revised 1.3 percent rebound in March. 

The BSE Sensex is currently trading at 81730.95, up by 732.70 points or 0.90% after trading in a range of 80983.73 and 81911.13. There were 26 stocks advancing against 4 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.61%, while Small cap index was up by 0.74%.

The top gaining sectoral indices on the BSE were Realty up by 1.62%, Healthcare up by 1.12%, Consumer Disc up by 1.01%, Utilities up by 1.00% and IT was up by 0.92%, while there were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Eternal up by 5.54%, Trent up by 2.96%, Power Grid up by 2.22%, Reliance Industries up by 1.83% and ICICI Bank up by 1.54%. On the flip side, Bajaj Finance down by 0.53%, Maruti Suzuki down by 0.21%, Bajaj Finserv down by 0.05% and Asian Paints down by 0.05% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that India can help French businesses become more competitive in manufacturing to tap global markets. He said this could be a shared mission where France and India collaborate closely to strengthen bilateral economic ties. 

Addressing businesses of India and France, the minister said the level of trade and investments between the two countries needs to be enhanced, as the current figures do not reflect their true potential. India’s exports to France stood at $8 billion in 2024-25, while imports were $7.3 billion. He said ‘there’s so much to do to expand our exchange, not only in defence’.

The minister suggested setting up a working group on artificial intelligence to enhance engagement on the subject. He said ‘we’ve already got a lot of exchanges between the two countries on banking and insurance. We could look at seeing how that could be taken to the next level. We could look at global capability centres, and we have a fair bit coming in from all across the world to India to leverage the huge pool of talent and skill’. 

He noted that talks for the proposed free trade agreement between India and the European Union are moving forward at a ‘very’ fast pace, and this ‘leap of faith’ would be incomplete with businesses on both sides working together aggressively to expand this relationship. He urged businesses to make full use of the agreement once it is implemented. Further, he highlighted that there is no need to ease business regulations in the EU.

The CNX Nifty is currently trading at 24843.25, up by 223.05 points or 0.91% after trading in a range of 24613.10 and 24899.85. There were 44 stocks advancing against 6 stocks declining on the index.

The top gainers on Nifty were Eternal up by 5.52%, Dr. Reddy's Lab up by 3.45%, Trent up by 2.99%, Power Grid up by 2.27% and Grasim Industries up by 1.89%. On the flip side, Indusind Bank down by 1.21%, Bajaj Finance down by 0.51%, Maruti Suzuki down by 0.22%, Bajaj Finserv down by 0.16% and Tata Consumer down by 0.12% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 167.1 points or 0.7% to 23,821.13, Jakarta Composite gained 56.98 points or 0.8% to 7,126.02, Taiwan Weighted added 56.34 points or 0.26% to 21,674.43, KOSPI increased 41.21 points or 1.47% to 2,812.05, Shanghai Composite strengthened 11.34 points or 0.33% to 3,387.54 and Straits Times was up by 5.23 points or 0.13% to 3,909.11. On the flip side, Nikkei 225 was down by 192.96 points or 0.51% to 37,554.49.
  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.