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Markets maintain gains in late morning deals
Jun-25-2025

Indian equity markets maintained their gains in late morning deals on account of buying by funds and retail investors. There was broad based buying witnessed in the markets and apart from the blue chips, the broader markets also participated in the rally. Positive cues from the global markets supported domestic sentiments. Sentiments were further supported by Indian rupee appreciating 17 paise to 85.88 against the dollar at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks. Besides, support also came in as Union Commerce and Industry Minister Piyush Goyal said India is firmly on track to become a $5 trillion economy by 2027 despite global turbulence, driven by a collective national effort and strong leadership under Prime Minister Narendra Modi.

On the global front, Asian markets were trading mostly in green following positive cues from the US markets overnight. Back home, on the BSE sectoral front, traders were seen pilling up positions in IT, TECK, Telecom, Consumer Durables and Healthcare, while selling was witnessed only in Capital Goods and Realty. In the stock specific development, Rites surged on securing Rs 28.5 crore order from Gujarat Urban Development. 

The BSE Sensex is currently trading at 82625.14, up by 570.03 points or 0.69% after trading in a range of 82339.57 and 82656.78. There were 26 stocks advancing against 4 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.55%, while Small cap index up by 1.25%.

The top gaining sectoral indices on the BSE were IT up by 1.18%, TECK up by 1.18%, Telecom up by 1.17%, Consumer Durables up by 1.07%a and Healthcare up by 1.02%, while Capital Goods down by 0.47% and Realty down by 0.02% were the only losing indices on BSE.

The top gainers on the Sensex were Titan up by 2.91%, Tech Mahindra up by 1.63%, Infosys up by 1.44%, Reliance Industries up by 1.33% and HCL Technologies up by 1.32%. On the flip side, Bharat Electronics down by 1.59%, Kotak Mahindra Bank down by 0.58%, Axis Bank down by 0.27% and ICICI Bank down by 0.15% were the few losers.

Meanwhile, in order to safeguard domestic players from unfairly priced imports from the neighbouring country, India has imposed anti-dumping duty on six Chinese products so far this month. These duties were imposed on -- PEDA (used in herbicide); Acetonitrile (used in pharma sector); Vitamin-A Palmitate; Insoluble Sulphur; decor paper; and Potassium Tertiary Butoxide. Department of Revenue has said that the duty imposed will be levied for a period of five years on imports of these industrial inputs. The duties were imposed following recommendations for the same from the Directorate General of Trade Remedies (DGTR), an arm of the commerce ministry.

The duty of on PEDA will range from $1,305.6 to $2,017.9 per tonne, while a duty of up to $481 per tonne has been imposed on Acetonitrile imported from China, Russia and Taiwan. Also, a duty of up to $20.87 per Kg has been imposed on Vitamin -A Palmitate imported from China, European Union and Switzerland, while Insoluble Sulphur which is used in tyre industry, and imported from China and Japan will face a duty of up to $358 per tonne. Moreover, an additional duty of up to $1,710 per tonne have been imposed on Potassium Tertiary Butoxide imported from China and the US. These chemicals are used as a catalyst in Active Pharmaceutical Ingredients (API), other pharma processes, agro chemical, speciality chemicals and polymers. Further, a duty of up to $542 per tonne has been levied on decor paper.

In order to protect the domestic industries from surge in cheap imports, countries levy anti-dumping duty under the multilateral regime of the Geneva-based World Trade Organisation (WTO). India is taking steps to boost domestic manufacturing and cut imports from China as the country's trade deficit with China widened to $99.2 billion during 2024-25. In the last fiscal, India's exports to China contracted 14.5 per cent to $14.25 billion as against $16.66 billion in 2023-24, while the imports, however, rose by 11.52 per cent in 2024-25 to $113.45 billion against $101.73 billion in 2023-24.

The CNX Nifty is currently trading at 25212.20, up by 167.85 points or 0.67% after trading in a range of 25125.05 and 25218.05. There were 43 stocks advancing against 7 stocks declining on the index.

The top gainers on Nifty were Titan up by 2.92%, Nestle up by 1.78%, Tech Mahindra up by 1.53%, Power Grid up by 1.33% and Infosys up by 1.32%. On the flip side, Bharat Electronics down by 1.43%, Kotak Mahindra Bank down by 0.62%, Eicher Motors down by 0.58%, Axis Bank down by 0.34% and ICICI Bank down by 0.17% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 199.3 points or 0.82% to 24,376.37, Shanghai Composite strengthened 15.3 points or 0.45% to 3,435.87, Straits Times rose 18.01 points or 0.46% to 3,922.31, KOSPI increased 5.41 points or 0.17% to 3,109.05, Nikkei 225 surged 102.81 points or 0.26% to 38,893.37 and Taiwan Weighted added 241.85 points or 1.08% to 22,430.61. However, Jakarta Composite plunged 30.45 points or 0.45% to 6,838.72.
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