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Markets touch day’s low in late trade
Jun-30-2025

The Indian equity benchmarks were hovering near day’s low in late trade led by losses in heavy weights including Reliance Industries, HDFC Bank, ICICI Bank. The markets have witnessed some profit booking following recent gains. Besides, investors remained cautious ahead of release of slew of economic data and corporate earnings in coming weeks. Meanwhile, outshining headline indices - Nifty and Sensex - the midcaps and smallcaps have managed to garner some gains with BSE Mid cap index and BSE Small cap index surging 0.56% and 0.67%, respectively. 

On the global front, Asian equity markets are trading mixed as investors seek more clarity on global trade negotiations ahead of the impending July 9 deadline for U.S. reciprocal tariffs. European equity markets were trading lower. Back home, significant strength has been seen in PSU banks’ stocks with Nifty PSU index climbing more than two percent after the finance ministry asked public sector banks (PSBs) to look at monetizing their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realize good return.

The BSE Sensex is currently trading at 83533.00, down by 525.90 points or 0.63% after trading in a range of 83482.13 and 84099.53. There were 11 stocks advancing against 19 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index surged 0.56%, while Small cap index was up by 0.67%.

The top gaining sectoral indices on the BSE were Capital Goods up by 0.85%, Healthcare up by 0.64%, PSU up by 0.58%, Industrials up by 0.45% and Consumer Durables up by 0.25%, while Realty down by 0.95%, Bankex down by 0.75%, Metal down by 0.59%, Energy down by 0.57% and Auto down by 0.56% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 2.90%, SBI up by 1.69%, Bharat Electronics up by 1.08%, Eternal up by 0.88% and Titan Company up by 0.65%. On the flip side, Axis Bank down by 2.47%, Maruti Suzuki down by 2.23%, Kotak Mahindra Bank down by 2.23%, Ultratech Cement down by 1.61% and ICICI Bank down by 1.19% were the top losers.

Meanwhile, Ministry of Statistics & Programme Implementation in its latest report has showed that gross value added (GVA) of agriculture and allied sectors at current prices registered a growth of about 225% (more than 3 times) increasing from Rs 1,502 thousand crore in 2011-12 to Rs 4,878 thousand crore in 2023-24.

As per the report, gross value of output (GVO) from the agriculture and allied sector at constant prices has shown steady growth from Rs 1,908 thousand crore in 2011-12 to Rs 2,949 thousand crore in 2023-24, marking an overall increase of approximately 54.6%.

Crop sector with GVO at Rs 1,595 thousand crore remains the largest contributor to total GVO (at constant prices) of agriculture and allied sectors with share of 54.1% in 2023-24. Cereals and fruits & vegetables together accounted for 52.5% of total crop GVO in 2023-24.

The report further noted that five States namely Uttar Pradesh, Madhya Pradesh, Punjab, Telangana and Haryana contributed nearly 53% of GVO (at constant prices) of cereals in 2023-24. With reduced share (18.6% in 2011-12 to 17.2% in 2023-24) Uttar Pradesh maintained the top most position.

The CNX Nifty is currently trading at 25485.85, down by 151.95 points or 0.59% after trading in a range of 25473.30 and 25669.35. There were 18 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Trent up by 2.92%, Indusind Bank up by 1.83%, SBI up by 1.69%, Bharat Electronics up by 1.12% and Eternal up by 1.03%. On the flip side, Axis Bank down by 2.51%, Tata Consumer Products down by 2.36%, Kotak Mahindra Bank down by 2.28%, Maruti Suzuki down by 2.25% and Hero MotoCorp down by 1.72% were the top losers.

Asian markets are trading mixed; Jakarta Composite gained 45.41 points or 0.65% to 6,942.81, KOSPI increased 15.76 points or 0.51% to 3,071.70, Nikkei 225 surged 336.6 points or 0.83% to 40,487.39 and Shanghai Composite strengthened 20.2 points or 0.59% to 3,444.43, while Straits Times fell 3.25 points or 0.08% to 3,962.95, Hang Seng declined 211.87 points or 0.88% to 24,072.28 and Taiwan Weighted lost 324.06 points or 1.46% to 22,256.02.

European markets were trading lower; UK’s FTSE 100 decreased 23.15 points or 0.26% to 8,775.76, France’s CAC fell 11.62 points or 0.15% to 7,679.93 and Germany’s DAX lost 51.07 points or 0.21% to 23,982.15.

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