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Domestic indices trade higher with gains of around quarter percent
Jun-27-2025

Domestic equity indices traded higher with gains of around quarter a percent in late morning deals on account of buying in Asian Paints, Power Grid, Adani Ports, Reliance Industries and SBI companies’ stocks.  There was some encouragement in markets as United States President Donald Trump indicated that a major trade agreement with India could be on the way. Some support also came in as RBI in its report said 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. Traders took a note of private report that the Indian economy will grow at a mostly steady pace this fiscal year and next after marking a four-year low in 2024-25.  

On the global front, Asian markets were trading mixed despite positive cues from the US markets overnight. Back home, in the stock specific development, Akzo Nobel India rallied after the company's promoters executed a share purchase pact with JSW Paints to sell the company's decorative paint business.

The BSE Sensex is currently trading at 83934.78, up by 178.91 points or 0.21% after trading in a range of 83645.41 and 83985.09. There were 18 stocks advancing against 12 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.56%, while Small cap index up by 0.61%.

The top gaining sectoral indices on the BSE were Power up by 1.47%, Utilities up by 1.39%, Oil & Gas up by 1.13%, Energy up by 1.10% and Capital Goods up by 1.07%, while Realty down by 0.76% was the only index on BSE.

The top gainers on the Sensex were Asian Paints up by 1.61%, Power Grid up by 1.58%, Adani Ports up by 1.30%, Reliance Industries up by 1.12% and SBI up by 0.97%. On the flip side, Eternal down by 1.07%, Bajaj Finserv down by 0.99%, Axis Bank down by 0.75%, Kotak Mahindra Bank down by 0.64% and Bajaj Finance down by 0.63% were the top losers.

Meanwhile, Reserve Bank of India’s (RBI) recent data showed 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, among the major industries, petroleum and iron & steel sectors experienced a contraction in their sales during 2024-25. During the same period, the listed private non-financial companies’ sales growth improved to 7.2% from a low of 4.7% during the previous year. 

Besides, RBI has indicated that the growth of IT companies improved to 7.1% during 2024-25, from 5.5% in the previous year, despite of global headwinds. Further, a double-digit sales growth has seen in non-IT services companies, boosted by healthy performance of telecommunication, transport and storage services, and wholesale and retail trade industries.  During the same period, in line with acceleration in sales, manufacturing companies' expenses on raw material rose by 6.6%, meanwhile, their raw material to sales ratio increased to 55.7% from 54.2% a year ago, suggesting an input cost pressure. Moreover, staff cost of manufacturing, IT and non-IT services companies grew by 10%, 4.4% and 12%, respectively. The staff cost to sales ratio broadly remained stable for manufacturing companies while it moderated for services companies.

The data also indicated that increase in the input costs led to a moderation in growth of operating profit of manufacturing companies to 6% during 2024-25 from 12.4% in the previous year. In the service sector, profit growth for the non-IT services companies moderated to 15.9%, while it inched up to 6.1% for IT companies. During the same period, operating profit margin for manufacturing, IT and non-IT services companies moderated by 20 basis points (bps), 80 bps and 30 bps to 14.2%, 21.9% and 22.1%, respectively.

The CNX Nifty is currently trading at 25606.85, up by 57.85 points or 0.23% after trading in a range of 25523.55 and 25622.50. There were 29 stocks advancing against 21 stocks declining on the index.

The top gainers on Nifty were JIO Financial up by 3.84%, Adani Enterprises up by 1.90%, Asian Paints up by 1.52%, Power Grid up by 1.36% and Adani Ports up by 1.33%. On the flip side, Dr. Reddy's Lab down by 1.25%, Eternal down by 1.16%, Cipla down by 1.15%, Bajaj Finserv down by 1.11% and Grasim Industries down by 0.91% were the top losers.

Asian markets were trading mixed; Hang Seng declined 68.34 points or 0.28% to 24,257.06, Shanghai Composite weakened 14.2 points or 0.41% to 3,434.25 and KOSPI dropped 23.49 points or 0.77% to 3,056.07. However, Straits Times rose 23.21 points or 0.59% to 3,961.67, Nikkei 225 surged 494.22 points or 1.23% to 40,078.80 and Taiwan Weighted added 87.74 points or 0.39% to 22,580.08.
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