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Markets hover near highest points of the day
Jun-16-2025

Indian equity benchmarks continued to trade higher in late afternoon session with both Nifty 50 and Sensex hovering near day’s high points. The strong up move in IT, Tech and Oli & Gas stocks has helped markets to break its two-day losing streak. Market participants took a sigh of bliss as India's WPI inflation eased to 14-month low of 0.39% in May as against 0.85% in April 2025. The component wise, primary articles index, having weight of 22.62%, decreased 0.05% to 184.3 (provisional) in May 2025 from 184.4 (provisional) for the month of April 2025, due to fall in prices of minerals and non-food articles. However, the price of food articles increased in May 2025 as compared to April 2025. 

On the global front, Asian equity markets were trading mixed as investors reacted to escalating tensions in the Middle East and a mixed bag of data from China. European equity markets were trading higher as world leaders gathered in Canada for the G7 summit, which will address global security, economic resilience, and tech cooperation. Discussions to resolve the Middle East crisis will also be a top priority.

The BSE Sensex is currently trading at 81792.93, up by 674.33 points or 0.83% after trading in a range of 81012.31 and 81865.82. There were 27 stocks advancing against 3 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index surged 0.89%, while Small cap index was up by 0.18%.

The top gaining sectoral indices on the BSE were IT up by 1.58%, TECK up by 1.42%, Oil & Gas up by 1.10%, Realty up by 1.04%, Consumer Durables up by 1.02%. Meanwhile, there were no losers on BSE sectoral index.

The top gainers on the Sensex were Ultratech Cement up by 2.32%, Tech Mahindra up by 2.26%, Bharat Electronics up by 1.85%, Eternal up by 1.71% and Trent up by 1.69%. On the flip side, Tata Motors down by 3.33%, Adani Ports and SEZ down by 0.52% and Sun Pharma Industries down by 0.20% were the few losers.

Meanwhile, marking a 14-month low, inflation based on wholesale price index (WPI) in India slowed down further to 0.39% in May 2025 as against 0.85% in April 2025. 

The component wise, primary articles index, having weight of 22.62%, decreased 0.05% to 184.3 (provisional) in May 2025 from 184.4 (provisional) for the month of April 2025, due to fall in prices of minerals and non-food articles. However, the price of food articles increased in May 2025 as compared to April 2025.

Fuel & Power index, having weight of 13.15%, declined by 0.95% to 146.7 (provisional) in May 2025 from 148.1 (provisional) for the month of April 2025, as price of mineral oils decreased in May. But, the price of coal and electricity increased in May 2025 as compared to April 2025.

Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, remained unchanged at 144.9 (Provisional) in May 2025. Meanwhile, for the month of March, 2025, the final wholesale price index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 154.8 and 2.25% respectively.

The CNX Nifty is currently trading at 24939.35, up by 220.75 points or 0.89% after trading in a range of 24703.60 and 24967.10. There were 46 stocks advancing against 4 stocks declining on the index.

The top gainers on Nifty were Ultratech Cement up by 2.33%, HDFC Life Insurance up by 2.26%, SBI Life Insurance Company up by 2.26%, Tech Mahindra up by 2.23% and Bharat Electronics up by 1.84%. On the flip side, Tata Motors down by 3.32%, Dr. Reddy's Laboratories down by 1.17%, Adani Ports and SEZ down by 0.46% and Sun Pharma Industries down by 0.17% were the top losers.

Asian markets are trading mixed; Hang Seng advanced 168.43 points or 0.7% to 24,060.99, KOSPI increased 52.04 points or 1.77% to 2,946.66, Nikkei 225 surged 477.08 points or 1.25% to 38,311.33 and Shanghai Composite strengthened 11.73 points or 0.35% to 3,388.73, while Jakarta Composite plunged 33.22 points or 0.47% to 7,132.85, Taiwan Weighted lost 23.05 points or 0.1% to 22,049.90 and Straits Times fell 1.01 points or 0.03% to 3,910.41.

European markets were trading higher; UK’s FTSE 100 increased 33.55 points or 0.38% to 8,884.18, France’s CAC rose 68.53 points or 0.88% to 7,753.21 and Germany’s DAX gained 95.18 points or 0.4% to 23,611.41.

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