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Domestic indices add more losses in late morning deals
Feb-14-2025

Indian equity indices added more losses in late morning deals as market participants indulged in reducing their positions. Meanwhile, the broader markets were facing the heat of selling; the BSE mid-cap index dropped by 2.42 per cent and the small-cap index was down 2.84 per cent. Traders were cautious after US President Donald Trump proposed a plan to impose tariffs on trading partners, amid PM Narendra Modi's official visit to the US. Traders overlooked report that Finance Minister Nirmala Sitharaman has said the government will continue to take measures to check inflation and ensure that citizens are not burdened. All the sectoral indices on the BSE were trading in red led by Healthcare, Industrials, Power, Telecom and Utilities. 

On the global front, Asian markets were trading mostly in green following positive cues from the US markets overnight. Some support also came in as Malaysia's economy expanded more than previously estimated in the fourth quarter on household spending and investment. Gross domestic product expanded 5.0 percent year-on-year in the fourth quarter. Back home, in the stock specific development, Anupam Rasayan surged after the company posted healthy Q3FY25 numbers.  

The BSE Sensex is currently trading at 75677.00, down by 461.97 points or 0.61% after trading in a range of 75588.86 and 76483.06. There were 5 stocks advancing against 25 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 2.42%, while Small cap index down by 2.84%.

The top losing sectoral indices on the BSE were Healthcare down by 2.62%, Industrials down by 2.49%, Power down by 2.30%, Telecom down by 2.26% and Utilities down by 2.23%, while there were no gainers.  

The top gainers on the Sensex were Nestle up by 1.22%, Hindustan Unilever up by 0.38%, ITC up by 0.35%, ICICI Bank up by 0.08% and HCL Technologies up by 0.08%. On the flip side, Adani Ports down by 2.75%, Sun Pharma down by 2.33%, Ultratech Cement down by 2.13%, NTPC down by 1.87% and Indusind Bank down by 1.87% were the top losers.

Meanwhile, the Society of Indian Automobile Manufacturers (SIAM) in its latest data has showed that passenger vehicle dispatches from companies to dealerships witnessed an increase of 1.6% year-on-year in January 2025 at 3,99,386 units driven by robust demand for utility vehicles. It was the highest-ever passenger vehicle dispatch for the month of January. Total passenger vehicle wholesales stood at 3,93,074 units in January last year. 

Data showed utility vehicle dispatches from companies to their respective dealers rose 6 per cent to 2,12,995 units in January 2025 as against 2,00,917 units in January 2024. Passenger car wholesales remained flat at 1,27,065 units in January 2025 as compared with 1,26,505 units in the year-ago period. Van dispatches declined 6.4 per cent to 11,250 units in January 2025 from 12,019 units in January 2024.  

It further indicated that total two-wheeler dispatches increased by 2.1 per cent year-on-year at 15,26,218 units in January 2025 as against 14,95,183 units in January 2024. Scooter dispatches increased 12.4 per cent year-on-year to 5,48,201 units in January 2025. Motorcycle sales however declined 3.1 per cent year-on-year to 9,36,145 units in January. Moped sales declined marginally year-on-year to 41,872 units in January 2025. Total three-wheeler dispatches rose by 7.7 per cent year-on-year to 58,167 units in January 2025, from 53,991 units in January last year.    

The CNX Nifty is currently trading at 22862.50, down by 168.90 points or 0.73% after trading in a range of 22843.30 and 23133.70. There were 7 stocks advancing against 43 stocks declining on the index.

The top gainers on Nifty were Nestle up by 1.17%, Hindustan Unilever up by 0.51%, Britannia up by 0.41%, ITC up by 0.38% and Tata Consumer up by 0.35%. On the flip side, Bharat Electronics down by 3.00%, Adani Ports down by 2.94%, Adani Enterprises down by 2.93%, Shriram Finance down by 2.62% and ONGC down by 2.45% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 572.25 points or 2.56% to 22,386.62, Jakarta Composite gained 9.53 points or 0.14% to 6,623.10, Shanghai Composite strengthened 8.73 points or 0.26% to 3,341.21 and KOSPI increased 8.72 points or 0.34% to 2,591.89. However, Straits Times fell 7.07 points or 0.18% to 3,875.51, Nikkei 225 slipped 321.13 points or 0.82% to 39,140.34 and Taiwan Weighted lost 198.54 points or 0.86% to 23,200.87.
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