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Bourses trade in green in early afternoon session
Apr-23-2025

Indian equity markets traded in green in early afternoon session ahead of monthly F&O expiry due on tomorrow. Traders got support as HSBC Flash India PMI report has showed that India's private sector growth hit an eight-month high in the month of April on the back of buoyant international demand for goods and services. However, gains were limited after International Monetary Fund (IMF) in its World Economic Outlook (WEO) report for April has lowered growth projection for India to 6.2% for the fiscal year 2025-26 (FY26), from earlier estimated rate of 6.5%. On the global front, Asian markets were trading mostly in green despite manufacturing sector in Japan continued to contract in April, albeit at a slower rate with a manufacturing PMI score of 48.5. That's up from 48.4 in March, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

The BSE Sensex is currently trading at 79781.81, up by 186.22 points or 0.23% after trading in a range of 79506.90 and 80254.55. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index gained 0.37%, while Small cap index was down by 0.21%.

The top gaining sectoral indices on the BSE were IT up by 4.16%, TECK up by 2.85%, Realty up by 1.28%, Auto up by 1.16% and Healthcare was up by 0.46%, while Consumer Durables down by 1.27%, Bankex down by 1.16%, PSU down by 0.78%, Oil & Gas down by 0.61% and Energy was down by 0.36% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Tech up by 7.96%, Tech Mahindra up by 4.50%, Infosys up by 4.10%, Tata Motors up by 3.36% and TCS up by 2.98%. On the flip side, HDFC Bank down by 1.73%, Kotak Mahindra Bank down by 1.63%, Axis Bank down by 1.43%, SBI down by 1.27% and Bajaj Finance down by 1.15% were the top losers.

Meanwhile, HSBC Flash India PMI report has showed that India's private sector growth hit an eight-month high in the month of April on the back of buoyant international demand for goods and services. The HSBC Flash India Composite Output Index -- a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors -- surged to 60.0 in April from a final reading of 59.5 in March. However, the HSBC Flash India Manufacturing PMI index also rose to 58.4 in April from 58.1 in March.

According to the report, aggregate sales increased at a sharp pace that was the fastest since August 2024. Once again, manufacturing companies registered a quicker upturn in new business than their services counterparts. Robust intakes of new work exerted upward pressure on the capacity of Indian companies, who observed the fastest rise in outstanding business volumes since August 2022. There were quicker increases in backlogs across both the manufacturing and services economies.

In response to an intensification of capacity pressures, companies remained in hiring mode. Rates of job creation were equal at goods producers and service providers. On the price front, input prices continued to increase across the Indian private sector, but the rate of inflation matched that seen in March and remained below its long-run average. As a result of ongoing increases in cost burdens, private sector firms continued to lift their selling prices. April's rise was marked, faster than in March and stronger than seen on average across the survey history. 

The CNX Nifty is currently trading at 24215.30, up by 48.05 points or 0.20% after trading in a range of 24119.95 and 24359.30. There were 27 stocks advancing against 22 stocks declining on the index, while 1 stock remained unchanged. 

The top gainers on Nifty were HCL Tech up by 7.93%, Tech Mahindra up by 4.45%, Infosys up by 4.06%, Wipro up by 3.91% and Tata Motors up by 3.29%. On the flip side, Grasim Industries down by 2.16%, HDFC Bank down by 1.72%, Kotak Mahindra Bank down by 1.67%, Eicher Motors down by 1.48% and Axis Bank down by 1.44% were the top losers.

Asian markets were trading mostly in green; Taiwan Weighted added 845.71 points or 4.31% to 19,639.14, Nikkei 225 surged 648.03 points or 1.86% to 34,868.63, Hang Seng advanced 495.38 points or 2.3% to 22,057.70, Jakarta Composite gained 79.14 points or 1.21% to 6,617.41, Straits Times rose 39.14 points or 1.03% to 3,834.55 and KOSPI was up by 38.92 points or 1.54% to 2,525.56. On the flip side, Shanghai Composite was down by 2.16 points or 0.07% to 3,297.60.
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