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Domestic indices trade higher with gains of over half percent
Jun-16-2025

Domestic equity indices magnified their gains and were trading higher by over half percent in late morning deals on account of buying by funds and retail investors. Hectic buying in TCS, Larsen & Toubro, Tech Mahindra, HCL Technologies and Bharti Airtel companies’ stocks helped the markets to magnify their gains. Traders were getting encouragement as Prime Minister Narendra Modi said that India has become the fifth-largest economy globally and is rapidly moving towards becoming the third-largest economy soon. Besides, traders took note of report that Finance Minister Nirmala Sitharaman has said that the Modi government is committed to giving greater emphasis to small entrepreneurs.

On the global front, Asian markets were trading mixed, following negative cues from the US markets on Friday, as investors assessed escalating Israel-Iran tensions. Back home, on the BSE sectoral front, traders were seen pilling up positions in TECK, IT, Oil & Gas, Capital Goods and Telecom, while selling was witnessed in Healthcare, PSU and Realty.

The BSE Sensex is currently trading at 81606.60, up by 488.00 points or 0.60% after trading in a range of 81012.31 and 81781.89. There were 26 stocks advancing against 4 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index was up by 0.05%, while Small cap index down by 0.57%.

The top gaining sectoral indices on the BSE were TECK up by 1.05%, IT up by 0.96%, Oil & Gas up by 0.39%, Capital Goods up by 0.36% and Telecom up by 0.33%, while Healthcare down by 0.15%, PSU down by 0.11%, Realty down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were TCS up by 1.53%, Larsen & Toubro up by 1.40%, Tech Mahindra up by 1.39%, HCL Technologies up by 1.36% and Bharti Airtel up by 1.35%. On the flip side, Tata Motors down by 3.59%, SBI down by 0.50%, Sun Pharma down by 0.43% and Adani Ports down by 0.23% were the few losers. 

Meanwhile, Finance Minister Nirmala Sitharaman has assured that the Modi government is committed to giving greater emphasis to small entrepreneurs. She underscored the government's commitment to financial inclusion, last-mile delivery of credit and the integration of Ladakh's unique cultural identity into the broader developmental framework. She also distributed sanction letters of loans totalling about Rs 5.13 crore under key central schemes, such as MUDRA, PM Employment Generation Programme (PMEGP), Stand-Up India and PM Vishwakarma. The beneficiaries of these loans ranged from homestay owners and artisans to small entrepreneurs, reflecting the government's focus on micro-enterprise and self-employment. 

Sitharaman highlighted that over 64,000 MUDRA loans and more than 600 Stand-Up India loans have been sanctioned in Ladakh, with Leh district accounting for a significant share. She added that the public sector banks have shown increased credit activity in the region, with total loan sanctions rising steadily over the last two financial years. She commended the expansion of financial infrastructure in Ladakh, with over 500 banking touchpoints and increasing deployment of banking correspondents. Further, on government's commitment to the preservation and promotion of local customs and traditions, she added that the National Institute of Sowa-Rigpa has been set up to promote the Sowa-Rigpa system of medicine. Moreover, she assured that the Union government is committed to improving access to education in the region. 

She has emphasized government's initiatives, such as the lifting of a decade-long ban on the export and the GI tagging of Ladakh's Raktsey Karpo apricots, followed by GI tags for Ladakh's Pashmina wool, Shingskos (wood carving), and seabuckthorn products. Further, she outlined the progress made in infrastructure, digital connectivity, and renewable energy, including the BharatNet rollout, mobile network expansion, and green hydrogen projects.

The CNX Nifty is currently trading at 24884.15, up by 165.55 points or 0.67% after trading in a range of 24703.60 and 24930.65. There were 41 stocks advancing against 9 stocks declining on the index.

The top gainers on Nifty were SBI Life up by 2.22%, ONGC up by 1.88%, HDFC Life Insurance up by 1.62%, Hero MotoCorp up by 1.61% and Cipla up by 1.55%. On the flip side, Tata Motors down by 3.64%, Dr. Reddy's Lab down by 0.87%, SBI down by 0.58%, Sun Pharma down by 0.38% and JIO Financial down by 0.32% were the top losers.

Asian markets were trading mixed; Hang Seng advanced 36.26 points or 0.15% to 23,928.82, Shanghai Composite strengthened 2.48 points or 0.07% to 3,379.48, KOSPI increased 41.72 points or 1.42% to 2,936.34 and Nikkei 225 surged 416.44 points or 1.09% to 38,250.69. However, Straits Times fell 13.01 points or 0.33% to 3,898.41, Jakarta Composite plunged 1.01 points or 0.01% to 7,165.06 and Taiwan Weighted lost 23.05 points or 0.1% to 22,049.90.
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