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Bourses continue to trade in green in early afternoon session
Aug-13-2025

Indian markets continued their trade in green territory in early afternoon session tracking positive cues from other Asian markets. Traders are looking ahead to the key meeting between US President Donald Trump and Russian President Vladimir Putin later this week. Investors took support as the Union Cabinet approved four more semiconductor projects under India Semiconductor Mission (ISM). With a cumulative investment of around Rs 4,600 crore, these four approved proposals will setup semiconductor manufacturing facilities in Odisha, Punjab and Andhra Pradesh. On the global front, all Asian markets were 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.

The BSE Sensex is currently trading at 80450.78, up by 215.19 points or 0.27% after trading in a range of 80319.00 and 80563.38. There were 21 stocks advancing against 9 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 0.41%.

The top gaining sectoral indices on the BSE were Healthcare up by 1.54%, Metal up by 1.19%, Auto up by 0.98%, Consumer Disc up by 0.76% and Capital Goods was up by 0.49%, while FMCG down by 0.22%, Oil & Gas down by 0.19%, Power down by 0.14%, IT down by 0.09% and Energy was down by 0.03% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Motors up by 1.68%, Eternal up by 1.62%, Power Grid up by 1.35%, Bharat Electronics up by 1.33% and Trent up by 1.28%. On the flip side, Adani Ports down by 0.84%, ITC down by 0.47%, Titan Company down by 0.47%, Axis Bank down by 0.23% and Tech Mahindra down by 0.17% were the top losers.

Meanwhile, domestic rating agency Crisil in its latest report has said that imposition of the additional 25 per cent tariffs on Indian goods because of the country's purchase of Russian oil will make it ‘unviable’ for India Inc to export to the US. In a credit alert, it said earnings of companies in sectors such as diamond polishing, shrimp, home textiles, and carpets are at the risk of getting impacted. It also said all eyes will now be on the bilateral trade agreement and what both countries achieve as a part of that. It said other sectors, including ready-made garments (RMG), chemicals, agrochemicals, capital goods, and solar panel manufacturing, which have sizable trade exposure to the US, also stand getting impacted.

According to the report, the extent of impact will vary depending on exposure, ability to pass on incremental costs to customers, and relative tariff disadvantage versus competing nations. A potential second-order impact, including a slowdown in US demand and disparate tariffs across nations that could alter trade dynamics globally, also warrants close monitoring, along with any bilateral treaty between India and the US. It noted that the credit impact on the sectors can be mitigated courtesy strong corporate balance sheets, potential bilateral trade agreements with other countries and the possibility of support from the Indian government. In FY25, the US accounted for a fifth of India's merchandise exports and 2 per cent of the overall GDP in the country. Diamond polishing, shrimp and home textiles may see sales volume decline due to high reliance on US trade and a rise in costs due to partial absorption of tariffs, ultimately affecting their earnings. 

It further said the US accounts for a fourth of diamond polishers' revenues, and added that tariffs aggravate it because the demand for natural diamonds was already tepid. In the case of shrimp exporters, the US accounts for nearly half of revenue and India is now the highest taxed country exporting the commodity to the US, and added that it will be a challenge to compete with Ecuador enjoying lower tariffs. It said all the other sectors have a high reliance on the US for its topline and will be facing varying impacts and stated that it will continue to closely monitor the situation and evaluate the impact on the credit risk profiles of its rated companies. 

The CNX Nifty is currently trading at 24594.85, up by 107.45 points or 0.44% after trading in a range of 24535.25 and 24614.20. There were 38 stocks advancing against 11 stocks declining on the index, while 1 stock remained unchanged.

The top gainers on Nifty were Apollo Hospital up by 6.03%, Hindalco up by 4.77%, Hero MotoCorp up by 2.54%, Cipla up by 2.50% and Dr. Reddy's Lab up by 2.05%. On the flip side, Indusind Bank down by 1.45%, Adani Enterprises down by 1.22%, Adani Ports down by 0.83%, Titan Company down by 0.46% and ITC down by 0.42% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 556.83 points or 1.29% to 43,275.00, Hang Seng advanced 538.32 points or 2.16% to 25,508.00, Taiwan Weighted added 211.66 points or 0.87% to 24,370.02, Jakarta Composite gained 100.69 points or 1.29% to 7,892.39, Straits Times rose 38.23 points or 0.91% to 4,258.95, KOSPI increased 34.46 points or 1.07% to 3,224.37 and Shanghai Composite was up by 18.74 points or 0.51% to 3,684.66.
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