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Bourses remain higher in early afternoon session
Jun-16-2025

Indian markets continued to trade higher in early afternoon session despite geopolitical jitters. Traders took support from positive wholesale price inflation (WPI) data. Wholesale price inflation declined to 0.39 per cent in May as prices of food articles, manufactured products, and fuel eased. WPI-based inflation was 0.85 per cent in April. It was 2.74 per cent in May last year. Sector wise, automobile sector remained in limelight as Society of Indian Automobile Manufacturers (SIAM) in its latest data has showed that domestic passenger vehicle wholesales were down 0.8 per cent at 3,44,656 units in May 2025 as compared to 3,47,492 units in the same month last year. On the global front, Asian markets were trading mixed as the Israel-Iran conflict continued to escalate, with Israeli military claiming its attack on Iran eliminated high-value targets, and Iranian authorities confirming damage to four critical buildings at the Isfahan uranium conversion facility.

The BSE Sensex is currently trading at 81655.07, up by 536.47 points or 0.66% 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 gained 0.39%, while Small cap index was down by 0.38%.

The top gaining sectoral indices on the BSE were TECK up by 1.08%, IT up by 1.04%, Capital Goods up by 0.68%, Basic Materials up by 0.58% and Metal was up by 0.55%, while there were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Trent up by 1.72%, Ultratech Cement up by 1.70%, Larsen & Toubro up by 1.67%, Bharat Electronics up by 1.48% and TCS up by 1.44%. On the flip side, Tata Motors down by 4.02%, Sun Pharma down by 0.76%, Adani Ports down by 0.40% and SBI down by 0.09% were the top losers.

Meanwhile, 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. He said India has broken free from the era of policy paralysis and dynastic misrule and is now powered by welfare-led growth, youth-driven innovation, and massive infrastructure transformation. 

Highlighting the economic strides under the Modi government, Sonowal said India’s rise to the fourth-largest global economy is just the beginning. By 2029, India will be the third-largest economy. He said ‘we’re building the foundation for a Viksit Bharat-- a developed, self-reliant India.’ He cited the rise of India’s startup ecosystem from 30,000 in 2014 to over 1 lakh today as evidence of the country’s changing mindset. He said ‘this is a new India, led by young dreamers and doers. Over 1.7 crore youth are now part of this vibrant startup movement.’

The minister noted that more than Rs 4.5 lakh crore in investment promises had been secured at the recent ‘Rising Northeast’ summit, with major connectivity upgrades under way from roads and railways to internet and waterways. Modern river ports at Jogighopa, Dhubri, Pandu and Dibrugarh will soon connect Assam to the world. He said ‘we are not just building infrastructure--we’re reshaping the future’. He praised welfare schemes like the PM Garib Kalyan Anna Yojana, which provides free food grains to over 81 crore citizens, and the PM Awas Yojana under which 4 crore homes have been constructed. He said from health to housing, from nutrition to self-employment, this government has delivered. He cited schemes like the PM SVANidhi which has benefited over 68 lakh street vendors. 

The CNX Nifty is currently trading at 24900.35, up by 181.75 points or 0.74% after trading in a range of 24703.60 and 24930.65. There were 41 stocks advancing against 7 stocks declining on the index, while 2 stocks remained unchanged. 

The top gainers on Nifty were SBI Life up by 2.24%, HDFC Life Insurance up by 1.91%, Ultratech Cement up by 1.75%, Trent up by 1.72% and Cipla up by 1.71%. On the flip side, Tata Motors down by 4.04%, Dr. Reddy's Lab down by 0.98%, Sun Pharma down by 0.52%, Adani Ports down by 0.40% and Tata Consumer down by 0.16% were the top losers.

Asian markets were trading mixed; Nikkei 225 surged 477.08 points or 1.25% to 38,311.33, Hang Seng advanced 101.48 points or 0.42% to 23,994.04, KOSPI increased 52.04 points or 1.77% to 2,946.66 and Shanghai Composite was up by 9.95 points or 0.29% to 3,386.95. On the flip side, Straits Times fell 6.52 points or 0.17% to 3,904.90, Jakarta Composite plunged 22.71 points or 0.32% to 7,143.36 and Taiwan Weighted was down by 23.05 points or 0.1% to 22,049.90.
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