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Markets remain in green in late morning deals
Aug-14-2025

Domestic equity markets remained in green and were trading slightly higher in late morning deals on account buying in Infosys, HCL Technologies, Eternal, Bajaj Finserv and HDFC Bank. Falling crude oil prices in the internation market overnight supported domestic sentiments. However, broader indices were trading in red with BSE Mid cap and Small cap index falling in the range of 0.20-0.40%. On the BSE sectoral front, traders were seen pilling up positions in IT, TECK, Bankex, Consumer Durables and Telecom, while selling was witnessed in Metal, Oil & Gas, Realty, Energy and Basic Materials. 

On the global front, Asian markets were trading mostly in red after day of gains driven by hopes for lower US interest rates. The Japanese yen rose against the dollar after US Treasury Secretary Scott Bessent said that Japan was behind the curve in monetary tightening. Back home, in the stock specific development, Crompton Greaves Consumer Electricals gained as the company has received a Letter of Empanelment worth around Rs 49 crore (exclusive of GST) from Maharashtra State Electricity Distribution Company (MSEDCL).

The BSE Sensex is currently trading at 80631.72, up by 91.81 points or 0.11% after trading in a range of 80489.86 and 80751.18. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.23%, while Small cap index down by 0.38%.

The top gaining sectoral indices on the BSE were IT up by 1.32%, TECK up by 1.08%, Bankex up by 0.24%, Consumer Durables up by 0.23% and Telecom up by 0.05%, while Metal down by 1.44%, Oil & Gas down by 0.96%, Realty down by 0.84%, Energy down by 0.84% and Basic Materials down by 0.73% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 2.54%, HCL Technologies up by 0.82%, Eternal up by 0.59%, Bajaj Finserv up by 0.58% and HDFC Bank up by 0.56%. On the flip side, Tata Steel down by 1.84%, Adani Ports down by 1.50%, Bharat Electronics down by 1.48%, Larsen & Toubro down by 1.30% and NTPC down by 0.87% were the top losers.

Meanwhile, India Ratings and Research (Ind-Ra) in its latest report has said that coal-based power will remain critical for base load management in the medium term, though renewable energy (RE) capacity additions remain strong. Furthermore, thermal capacity additions are expected to pick up pace in FY26, considering the capacity under construction and demand expectation by FY32. Ind-Ra also maintains stable rating outlook for thermal power projects for the rest of FY26 based on healthy Plant Load Factor (PLF), dependency on thermal, high revenue visibility through Power Purchase Agreements (PPAs) and adequate internal liquidity.   

Vishal Kotecha, Director & Head - Infrastructure & Project Finance, Ind-Ra said ‘we expect thermal power to remain critical for base load management in the medium term, though renewable capacity additions remain strong. Land acquisition, connectivity and adequate evacuation/transmission infrastructure remain key monitorables for the sector. The consistent functioning of the Late Payment Surcharge Rules 2022 supports the counterparty risk, even among entities selling directly selling to discoms.’ He noted that base load is the minimum demand observed over a day. This load is generally lowest during the night when solar isn't generating. Hence, non-solar capacity, especially thermal, is required to manage the base load, he explained. 

He further said during FY25 and April-July FY26, PPAs for over 17GW of new capacity were in various stages of approvals from state electricity regulatory commission, such as tender and power purchase signing, indicating a strong demand for thermal power purchase. Of the 17 GW, power purchase agreement has been signed for 2 GW. He said thermal capacities contributed 71.5 per cent to the total power generated in 1QFY26 with a share of 49.9 per cent of the installed capacity. Ind-Ra expects thermal PLF to be healthy at 69-70 per cent for FY26 and FY27, also supported by sufficient coal stock.  

The CNX Nifty is currently trading at 24635.95, up by 16.60 points or 0.07% after trading in a range of 24604.60 and 24673.65. There were 23 stocks advancing against 27 stocks declining on the index.

The top gainers on Nifty were Infosys up by 2.52%, Wipro up by 2.36%, HDFC Life Insurance up by 1.47%, Tech Mahindra up by 0.83% and HCL Technologies up by 0.82%. On the flip side, Tata Steel down by 1.92%, Bharat Electronics down by 1.52%, Hindalco down by 1.51%, Adani Ports down by 1.33% and Larsen & Toubro down by 1.17% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 591.67 points or 1.37% to 42,683.00, Taiwan Weighted lost 131.92 points or 0.54% to 24,238.10, Shanghai Composite weakened 4.18 points or 0.11% to 3,679.28, KOSPI dropped 1.57 points or 0.05% to 3,222.80, Hang Seng declined 144.67 points or 0.56% to 25,469.00 and Straits Times fell 12.73 points or 0.3% to 4,260.03. However, Jakarta Composite gained 73.07 points or 0.92% to 7,965.98.
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