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Benchmarks trade higher in early deals
Aug-13-2025

Indian equity benchmarks made an optimistic start on Wednesday and are trading higher in early deals following firm global cues and after the government data showed that India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years amid a continued fall in food prices. Consumer price inflation eased to 1.55 percent in July from 2.10 percent in June. On the global front, Asian markets are trading higher, following the broadly positive cues from Wall Street overnight, boosted by Hong Kong and Japanese markets amid improved outlook for interest rates after US consumer price inflation for July came in line with expectations. Besides, the Bank of Japan said producer prices in Japan were up 0.2 percent on month in July. 

Back home, semiconductor stocks are in focus as the Union Cabinet approved four more semiconductor projects under India Semiconductor Mission (ISM). These four approved proposals will setup semiconductor manufacturing facilities with cumulative investment of around Rs 4,600 crore.

The BSE Sensex is currently trading at 80436.33, up by 200.74 points or 0.25% after trading in a range of 80330.33 and 80563.38. There were 20 stocks advancing against 10 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.53%, while Small cap index was up by 0.40%.

The gaining sectoral indices on the BSE were Metal up by 1.56%, Healthcare up by 0.90%, Basic Materials up by 0.75%, Realty up by 0.74%, Capital Goods up by 0.65% while, IT down by 0.09%, FMCG down by 0.05% were the losing indices on BSE.

The top gainers on the Sensex were Tata Motors up by 1.41%, Bharat Electronics up by 1.35%, Tata Steel up by 0.84%, Trent up by 0.78% and Kotak Mahindra Bank up by 0.66%. On the flip side, Maruti Suzuki down by 0.42%, HCL Technologies down by 0.38%, Tech Mahindra down by 0.24%, Titan Company down by 0.17% and Axis Bank down by 0.16% were the top losers.

Meanwhile, the government data has showed that net direct tax collection dipped 3.95 per cent to Rs 6.64 trillion so far (between April 1-August 11) this fiscal (FY26) over Rs 6.91 trillion collected in the same period last fiscal (2024-25). The fall in net direct tax collection was mainly on account on higher refunds. Direct tax includes taxes on income paid by companies, individuals, and by professionals, and other entities.

Refunds issued so far this fiscal jumped 9.81 per cent to Rs 1.35 trillion from Rs 1.23 trillion in the same period of last year. Net corporate tax collection stood at about Rs 2.29 trillion, while non-corporate tax (which includes individuals, Hindu Undivided Families (HUFs) and firms) was at Rs 4.12 trillion. Securities Transaction Tax (STT) mop-up was Rs 22,362 crore between April 1-August 11. 

Gross collections (before refunds) stood at Rs 7.99 trillion between April 1-August 11, a 1.87 per cent dip over Rs 8.14 trillion in the year-ago period. In the current fiscal (2025-26), the government has projected its direct tax collection at Rs 25.20 trillion, up 12.7 per cent year-on-year. The government aims to collect Rs 78,000 crore from STT in FY26.

The CNX Nifty is currently trading at 24570.15, up by 82.75 points or 0.34% after trading in a range of 24535.25 and 24599.55. There were 34 stocks advancing against 15 stocks declining, while 1 stock remain unchanged on the index.

The top gainers on Nifty were Apollo Hospital up by 6.16%, Hindalco up by 4.18%, Bharat Electronics up by 1.45%, Tata Motors up by 1.41% and Hero MotoCorp up by 1.38%. On the flip side, Indusind Bank down by 0.95%, Maruti Suzuki down by 0.44%, Wipro down by 0.27%, Tech Mahindra down by 0.27% and HCL Technologies down by 0.23% were the top losers.

All Asian markets are trading higher; Nikkei 225 surged 663.83 points or 1.55% to 43,382.00, Hang Seng jumped 433.32 points or 1.71% to 25,403.00, Jakarta Composite gained 86.29 points or 1.11% to 7,877.99, Taiwan Weighted rose 80.92 points or 0.33% to 24,239.28, Straits Times strengthened 45.86 points or 1.09% to 4,266.58, Shanghai Composite added 20.42 points or 0.56% to 3,686.34 and KOSPI was up by 17.29 points or 0.54% to 3,207.20.
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