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Key gauges add gains in morning deals
Jun-16-2025

Indian equity benchmarks added gains in morning deals, tracking gains in Asian markets. Traders took support as Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal declared that India is firmly on track to become the world’s third-largest economy by 2029, crediting 11 years of Narendra Modi’s decisive and corruption-free governance for triggering an unstoppable surge in national development. Some support also came as the RBI said that India's forex reserves increased by $5.17 billion to $696.65 billion for the week ended June 6. Traders overlooked the provisional data from the National Stock Exchange showed foreign portfolio investors remained net sellers of Indian equities for the 3rd straight session on Friday, offloading stocks worth Rs 1,263.52 crore. On the global front, Asian markets are trading mostly in green as China’s retail sales in May grew at their fastest rate since late 2023, as government subsidies helped boost consumption, with analysts calling for stronger policy support to sustain the recovery. 

The BSE Sensex is currently trading at 81384.20, up by 265.60 points or 0.33% after trading in a range of 81012.31 and 81409.06. There were 23 stocks advancing against 7 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.22%, while Small cap index was down by 0.76%.

The top gaining sectoral indices on the BSE were TECK up by 0.61%, IT up by 0.54%, Oil & Gas up by 0.18%, Utilities up by 0.13% and Bankex up by 0.13%, while Auto down by 0.50%, Industrials down by 0.36%, Consumer Durables down by 0.35%, Consumer Discretionary down by 0.32% and Healthcare down by 0.32% were the top losing indices on BSE.

The top gainers on the Sensex were Power Grid Corporation up by 1.17%, TCS up by 0.98%, HCL Technologies up by 0.95%, Tech Mahindra up by 0.92% and Bharti Airtel up by 0.85%. On the flip side, Tata Motors down by 4.29%, Sun Pharma down by 1.00%, SBI down by 0.50%, Titan Company down by 0.34% and Adani Ports &SEZ down by 0.32% were the top losers.

Meanwhile, CareEdge Ratings in its latest report has said that India's household savings continued their downward trajectory for the third straight year, slipping to 18.1 per cent of GDP in financial year 2024 (FY24). It stated that gross domestic savings declined to 30.7 per cent of GDP in FY24 from 32.2 per cent in FY15. 

On the other hand, it said household financial liabilities surged to 6.2 per cent of GDP, nearly doubling over the past decade, reflecting growing reliance on credit amid consumption needs further, in the broader economy, labour cost growth for major IT firms has slowed significantly from a peak of 26 per cent in Q3 FY23 to just 4 per cent in Q3 FY25, highlighting a broader trend of cost rationalisation in the corporate sector, as per the observations of the report. 

Besides, it stated, on the inflation front, CPI eased to 3.2 per cent in April 2025, the lowest since August 2019. However, high prices of edible oils (17.4 per cent) and fruits (13.8 per cent) continue to keep overall food inflation in check. It added the upcoming Rabi harvest, healthy reservoir levels, and forecast of above-normal monsoon rains are expected to further support food price stability. It said ‘Going ahead, RBI policy rate cuts, lower tax burden and continued easing of price pressures remain key tailwinds for the broad-based demand recovery’. 

The CNX Nifty is currently trading at 24825.95, up by 107.35 points or 0.43% after trading in a range of 24703.60 and 24832.45. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were ONGC up by 1.77%, Shriram Finance up by 1.75%, Cipla up by 1.69%, SBI Life Insurance up by 1.47% and Power Grid Corp up by 1.42%. On the flip side, Tata Motors down by 4.21%, Dr. Reddy's Lab down by 1.01%, JIO Financial Serv. down by 0.99%, Sun Pharma down by 0.69% and SBI down by 0.51% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 470.41 points or 1.24% to 38,304.66, KOSPI increased 31.78 points or 1.1% to 2,926.40, Jakarta Composite gained 3.77 points or 0.05% to 7,169.84 and Shanghai Composite strengthened 1.78 points or 0.05% to 3,378.78.

On the flip side, Taiwan Weighted lost 24.34 points or 0.11% to 22,048.61, Hang Seng declined 28.36 points or 0.12% to 23,864.20 and Straits Times fell 12.13 points or 0.31% to 3,899.29.
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