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Bourses continue to trade lower in early afternoon session
Jun-30-2025

Indian markets continued to trade lower in early afternoon session despite easing geopolitical tensions and strong global cues. Traders were cautious ahead of industrial production data, which is due later in a day.  Besides, HSBC manufacturing PMI final data is going to be out tomorrow.  Sentiments remained downbeat as Reserve Bank of India (RBI) has said that India's external debt increased by 10 per cent to $736.3 billion at the end of March 2025 compared to $668.8 billion in the year-ago period. As a percentage of the GDP, the external debt increased to 19.1 per cent at the end of the recently concluded financial year (FY25) from 18.5 per cent a year ago. On the global front, Asian markets were trading mostly in green as Industrial production in Japan was up a seasonally adjusted 0.5 percent on month in May. On a yearly basis, industrial production was down 1.8 percent. 

The BSE Sensex is currently trading at 83896.28, down by 162.62 points or 0.19% after trading in a range of 83694.44 and 84099.53. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.53%, while Small cap index was up by 0.71%.

The top gaining sectoral indices on the BSE were Capital Goods up by 0.99%, PSU up by 0.75%, Industrials up by 0.68%, Healthcare up by 0.34% and IT was up by 0.16%, while Realty down by 0.39%, Utilities down by 0.24%, FMCG down by 0.19%, Telecom down by 0.15% and TECK was down by 0.10% were the top losing indices on BSE.

The top gainers on the Sensex were SBI up by 1.69%, Eternal up by 1.03%, Bharat Electronics up by 1.01%, Titan Company up by 0.90% and Tata Motors up by 0.66%. On the flip side, Maruti Suzuki down by 1.24%, Ultratech Cement down by 1.23%, Asian Paints down by 1.09%, Bharti Airtel down by 1.05% and Kotak Mahindra Bank down by 1.03% were the top losers.

Meanwhile, rating agency ICRA in its latest report has said that the cement industry has registered a 9 per cent volume growth in May 2025 at 39.6 million metric tonnes (MT), while the average cement prices also increased by 8 per cent. The cement industry, which is facing a lower sales realisation, also reported a price growth of 8 per cent to Rs 360 per 50 kg bag in May 2025. Moreover, it said there is also improvement in operating margins, led by stable input costs as energy prices of coal and petcoke, are lower and diesel prices are stable.

According to the report, in the first two months (April and May) of FY26, the prices were up 7 per cent year-on-year (YoY) at Rs 360/bag (of 50 kg). In FY2025, cement prices declined by 7 per cent YoY to Rs 340/bag. Moreover, in the months of April and May this fiscal, volumes increased by 8 per cent YoY to 78.7 million MT. In FY2025, volumes rose by 6.3 per cent to 453.0 million MT. Based on this, ICRA expects cement volumes to grow by 6-7 per cent YoY to 480-485 million MT in FY2026, backed by sustained demand from the housing and infrastructure sectors. The operating margins for ICRA's sample set of companies are likely to improve by 80-150 bps to 16.3-17.0 per cent in FY2026, on account of expected hike in cement prices and stable input costs.

It further stated that prices of inputs as coal and petcoke decreased and diesel was stable in June despite geopolitical tensions. In June 2025, coal prices decreased by 19 per cent YoY to $100/MT and petcoke prices were lower by 2 per cent YoY at Rs 10,880/MT. Diesel was stable at Rs 88/litre on a YoY basis. In Q1 FY2026, the prices of coal were lower by 6 per cent, petcoke prices were higher by 1 per cent and diesel prices were stable on a YoY basis. 

The CNX Nifty is currently trading at 25592.55, down by 45.25 points or 0.18% after trading in a range of 25536.70 and 25669.35. There were 22 stocks advancing against 27 stocks declining on the index, while 1 stock remained unchanged. 

The top gainers on Nifty were SBI up by 1.74%, Indusind Bank up by 1.53%, HDFC Life Insurance up by 1.48%, Shriram Finance up by 1.44% and JIO Financial up by 1.39%. On the flip side, Tata Consumer down by 2.35%, Dr. Reddy's Lab down by 1.63%, Hero MotoCorp down by 1.35%, Maruti Suzuki down by 1.19% and Apollo Hospital down by 1.15% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 336.6 points or 0.83% to 40,487.39, Jakarta Composite gained 35.63 points or 0.52% to 6,933.03, Shanghai Composite strengthened 20.02 points or 0.58% to 3,444.25, KOSPI increased 15.76 points or 0.51% to 3,071.70 and Straits Times was up by 0.51 points or 0.01% to 3,966.71. On the flip side, Hang Seng declined 65.89 points or 0.27% to 24,218.26 and Taiwan Weighted was down by 324.06 points or 1.46% to 22,256.02.
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