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Markets remain in red in late morning deals
Jun-17-2025

Indian equity markets remained in red and were trading lower with cut of around quarter a percent in late morning deals on account of selling in Sun Pharma, Bajaj Finance, Eternal, Titan and Tata Motors companies’ stocks. Sentiments were subdued as investors assessed the Israel-Iran conflict after U.S. President Donald Trump urged everyone to immediately evacuate Tehran. The president subsequently left the Group of Seven summit a day earlier due to the Middle East crisis. Further, cautiousness also prevailed in the markets as India’s unemployment rate rose to 5.6% in May 2025, up from 5.1% in April. On the BSE sectoral front, traders were seen pilling up positions in IT, Realty, TECK, Telecom and Industrials, while selling was witnessed in Healthcare, Auto, Metal, Utilities and Bankex.

On the global front, Asian markets were trading mostly in green following positive cues from the US markets overnight. Back home, in the stock specific developments, Tanla Platforms surged after the company's board approved a buyback of up to 2 million shares. However, Vishal Mega Mart slumped after a block deal, with promoters reportedly paring their stake in the company.

The BSE Sensex is currently trading at 81595.63, down by 200.52 points or 0.25% after trading in a range of 81471.89 and 81890.15. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.08%, while Small cap index up by 0.10%.

The top gaining sectoral indices on the BSE were IT up by 0.73%, Realty up by 0.59%, TECK up by 0.47%, Telecom up by 0.27% and Industrials up by 0.26%, while Healthcare down by 0.92%, Auto down by 0.31%, Metal down by 0.17%, Utilities down by 0.17% and Bankex down by 0.14% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 1.19%, Infosys up by 0.98%, Tech Mahindra up by 0.74%, Bharat Electronics up by 0.73% and HCL Technologies up by 0.60%. On the flip side, Sun Pharma down by 2.02%, Bajaj Finance down by 1.32%, Eternal down by 1.27%, Titan down by 0.89% and Tata Motors down by 0.71% were the top losers.

Meanwhile, the Ministry of Statistics & Programme Implementation's Periodic Labour Force Survey (PLFS) - Monthly Bulletin has showed that India’s unemployment rate for the month of May rose to 5.6% against 5.1% in April this year. During the same period, the unemployment rate (UR) among females has increased to 5.8% compared to the male UR of 5.6% at the country level. Besides, an employment shift from the primary sector (agriculture), which contributed 45.9% employment in April came down to 43.5% in May, to secondary and services sectors has been seen in the rural areas. The reduction in agricultural activities with the end of Rabi harvest season for both male and female in the rural areas may have brought about the downward shift in number of workers.

Labour Force Participation Rate (LFPR) in Current Weekly Status (CWS) among persons of age 15 years and above was 54.8% during May 2025 as compared to 55.6% during April, 2025. The LFPR in rural areas was 56.9%, meanwhile, it was 50.4% in urban areas during the same period. During the month of May, the LFPR in CWS among males in rural and urban areas were 78.3% and 75.1% respectively, which marked a marginal decline from the corresponding LFPR estimates of 79.0% and 75.3% respectively for rural and urban areas during April, 2025. The LFPR among female for rural areas was 36.9% during May, 2025.

The country level Worker Population Ratio (WPR) stood at 51.7% during May as compared to 52.8% observed during April, 2025. During May 2025, the WPR in CWS in rural areas was 54.1%, meanwhile, it was 46.9% in urban areas. The decline in LFPR and WPR and the rise in UR were driven largely by seasonal agricultural patterns, higher summer temperature experienced in May in some parts of the country due to which physical outdoor work gets limited and movement of some unpaid helpers to domestic chores, especially in the higher income (top 3 decile) rural households.

The CNX Nifty is currently trading at 24889.95, down by 56.55 points or 0.23% after trading in a range of 24846.45 and 24982.05. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 1.14%, Infosys up by 1.09%, Tech Mahindra up by 0.81%, HDFC Life Insurance up by 0.71% and Bharat Electronics up by 0.68%. On the flip side, Sun Pharma down by 2.00%, Bajaj Finance down by 1.39%, Cipla down by 1.37%, ONGC down by 1.36% and Eternal down by 1.36% were the top losers.

Asian markets were trading mostly in green; Jakarta Composite gained 51.91 points or 0.72% to 7,169.50, Shanghai Composite strengthened 0.47 points or 0.01% to 3,389.20, Straits Times rose 12.38 points or 0.32% to 3,920.84, Nikkei 225 surged 177.02 points or 0.46% to 38,488.35 and Taiwan Weighted added 133.58 points or 0.6% to 22,183.48. However, Hang Seng declined 44.15 points or 0.18% to 24,016.84 and KOSPI dropped 4.52 points or 0.15% to 2,942.14.
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