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Key indices continue to trade flat in morning deals
Jun-27-2025

Indian equity benchmarks continued to trade flat in morning deals as traders booked some profit after a recent rally. Traders overlooked exchange data showed Foreign Institutional Investors (FIIs) bought equities worth Rs 12,594.38 crore on Thursday. Traders also paid no heed towards Reserve Bank of India’s (RBI) recent data showing that the sales of listed manufacturing sector companies grew by 6% during 2024-25 as compared to 3.5% growth in the preceding year, led by automobiles, electrical machinery, food and beverages, and pharmaceuticals industries. Meanwhile, Indian team, headed by chief negotiator Rajesh Agarwal, has reached Washington for the next round of trade talks with his US counterparts. The visit is important as both the countries are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, though there are challenges in areas like agriculture and dairy. On the global front, Asian markets are trading mostly in red as the mood is cautious with investors closely following the developments on the geopolitical front. The tensions in the Middle East have eased a bit amid signs of a ceasefire between Israel and Iran.

The BSE Sensex is currently trading at 83794.14, up by 38.27 points or 0.05% after trading in a range of 83645.41 and 83985.09. 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 0.59%, while Small cap index was up by 0.67%.

The top gaining sectoral indices on the BSE were Power up by 1.21%, Capital Goods up by 1.19%, Utilities up by 1.15%, Industrials up by 0.98% and PSU up by 0.93%, while Realty down by 0.55% and Bankex down by 0.10% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports &SEZ up by 1.51%, Bharat Electronics up by 1.35%, Power Grid Corporation up by 1.31%, SBI up by 1.15% and Asian Paints up by 1.09%. On the flip side, Bajaj Finserv down by 1.75%, Bajaj Finance down by 1.24%, Eternal down by 1.04%, Axis Bank down by 0.96% and HDFC Bank down by 0.83% were the top losers.

Meanwhile, ratings agency ICRA has lowered domestic passenger vehicles (PVs) 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 for especially for electric vehicles. It had earlier pegged the passenger vehicles (PV) wholesale volume growth for FY26 at 4-7 per cent over FY25.

However, it said steady model launches from original equipment manufacturers (OEMs) are expected to partially support the overall industry volumes in the current fiscal year. It noted, in May this year, domestic PV retail sales witnessed a 13.6 per cent month-on-month contraction at 3,02,214 units as against 3,49,939 units in April 2025, primarily due to subdued consumer sentiment amid heightened geopolitical tensions in northern India following the India-Pakistan conflict. 

On the other hand, the two-wheeler segment demonstrated stronger performance, with retail volumes growing 7 per cent year-on-year supported by robust rural demand and a healthy harvest season. Looking ahead in the two-wheeler segment, ICRA said it maintained a cautiously optimistic outlook, projecting 6-9 per cent wholesale volume growth for FY26, driven by steady replacement demand, a potential urban market recovery, and healthy rural incomes, contingent on a normal monsoon.

The CNX Nifty is currently trading at 25556.70, up by 7.70 points or 0.03% after trading in a range of 25523.55 and 25622.50. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were Adani Ports &SEZ up by 1.38%, Power Grid Corporation up by 1.35%, Adani Enterprises up by 1.25%, Bharat Electronics up by 1.17% and Hero MotoCorp up by 1.04%. On the flip side, SBI Life Insurance down by 1.92%, Bajaj Finserv down by 1.73%, Bajaj Finance down by 1.10%, Dr. Reddy's Lab down by 1.02% and Eternal down by 0.96% were the top losers.

Asian markets are trading mostly in red; Hang Seng declined 15.72 points or 0.06% to 24,309.68, KOSPI dropped 34.85 points or 1.13% to 3,044.71 and Shanghai Composite weakened 7.15 points or 0.21% to 3,441.30.

On the flip side, Nikkei 225 surged 552.01 points or 1.39% to 40,136.59, Taiwan Weighted added 43.28 points or 0.19% to 22,535.62 and Straits Times rose 25.12 points or 0.64% to 3,963.58.
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