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Markets struggle for direction in early deals
Jun-27-2025

Indian equity benchmarks made flat-to-positive start on Friday following the broadly positive cues from Wall Street overnight, as the ceasefire in the Israel-Iran conflict brought on by US President Donald Trump's intervention continued to hold. Also, data showing the U.S. economy shrank by more than estimated in the first quarter sparked optimism for interest rate cuts sooner rather than later. Sensex and Nifty soon wiped out their gains and trading slightly in red in early deals as investors opted to book some profit from previous session’s rally. Traders overlooked RBI report stating that the sales of listed manufacturing sector companies rose by 6 per cent during 2024-25 as compared to 3.5 per cent growth in the preceding year, mainly led by automobiles, electrical machinery, food and beverages, and pharmaceuticals industries.

On the sectoral front, auto stocks are in focus as ratings agency ICRA lowered domestic passenger vehicles wholesale volume growth forecast to 1-4 per cent for FY26, citing concerns over high inventory levels and shortage of critical components such as rare earth magnets, especially for electric vehicles. 

The BSE Sensex is currently trading at 83697.96, down by 57.91 points or 0.07% after trading in a range of 83645.41 and 83985.09. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.34%, while Small cap index was up by 0.48%.

The top gaining sectoral indices on the BSE were Metal up by 1.07%, Utilities up by 1.04%, Power up by 0.96%, Capital Goods up by 0.86% and PSU up by 0.68%, while Realty down by 0.58% and Bankex down by 0.20% were the only losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 1.28%, SBI up by 1.04%, Bharat Electronics up by 1.01%, Power Grid up by 0.89% and HCL Technologies up by 0.83%. On the flip side, Bajaj Finserv down by 2.16%, Bajaj Finance down by 1.36%, HDFC Bank down by 1.05%, Eternal down by 0.91% and Kotak Mahindra Bank down by 0.80% were the top losers.

Meanwhile, Union minister Nitin Gadkari has said that India will become the net exporter of energy in next six to seven years. He noted that ‘Today we are the importer of the energy but within six to seven years we will be exporter of the energy’. Stressing that hydrogen is the fuel of the future, he said the government is encouraging alternative fuel and biofuel such as ethanol, biodiesel, electric vehicles, and hydrogen.

He said changing fuel will not only reduce pollution but will also bring down logistic cost, and added that by making new roads and change in fuel logistic cost will be in single digit and come down to nine per cent by the end of the current year. He said ‘I am confident that by making new roads and change in fuel our logistic cost will be in single digit, that is nine per cent and by the end of this year’. 

He said the latest survey indicates that India's logistic cost has reduced by six per cent. He added ‘Today in the world the logistic cost in China is eight per cent as compared with the GDP, in the US and European countries it is 12 per cent and in India it was 16 per cent but now the things are moving fast’. He also made an appeal to go for alternative fuel or bio fuel and it is economically viable. He said ‘India is the fastest growing economy. We need to increase our export and for that reason we need to reduce our logistic cost’.

The CNX Nifty is currently trading at 25539.70, down by 9.30 points or 0.04% after trading in a range of 25523.55 and 25622.50. There were 27 stocks advancing against 22 stocks declining, while 1 stock remain unchanged on the index.

The top gainers on Nifty were Adani Enterprises up by 1.45%, Tata Steel up by 1.22%, SBI up by 1.04%, Bharat Electronics up by 0.98% and HCL Technologies up by 0.98%. On the flip side, Bajaj Finserv down by 2.07%, SBI Life Insurance down by 1.77%, Bajaj Finance down by 1.42%, HDFC Bank down by 1.02% and Eternal down by 0.93% were the top losers.

Asian markets are trading mostly in red; Taiwan Weighted lost 72.71 points or 0.32% to 22,419.63, KOSPI dropped 34.36 points or 1.12% to 3,045.20, Hang Seng declined 15.98 points or 0.07% to 24,309.42 and Shanghai Composite was down by 7.15 points or 0.21% to 3,441.30. On the other hand, Nikkei 225 surged 626.6 points or 1.58% to 40,211.18 and Straits Times was up by 25.09 points or 0.64% to 3,963.55.
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