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Key gauges extend gains in morning deals
Aug-21-2025

Indian equity benchmarks extended gains in morning deals, amid buying in Realty, Telecom and Industrials stocks. Traders took support with a survey showed India's private sector activity expanded at the fastest pace on record in August, powered by a historic surge in demand led by the dominant services sector, which allowed firms to hike prices at the fastest clip in over 12 years. The explosive growth paints the picture of a booming economy and the accompanying surge in price pressures is likely to compel the Reserve Bank of India (RBI) to keep its policy restrictive for longer. HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rocketed to 65.2 in August from 61.1 last month. Some support also came as the Labour Ministry in its latest payroll data has showed that retirement fund body Employees' Provident Fund Organisation's (EPFO) recorded a 13.46% year-on-year growth in net member addition of 21.89 lakh in June, marking the highest recorded addition since payroll data tracking began in April 2018. On the global front, Asian markets are trading mixed as investors turned their attention towards US Federal Reserve Chair Jerome Powell's forthcoming statements at the Jackson Hole Symposium. 

The BSE Sensex is currently trading at 82203.06, up by 345.22 points or 0.42% after trading in a range of 81921.22 and 82231.17. There were 21 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.34%, while Small cap index was up by 0.55%.

The top gaining sectoral indices on the BSE were Realty up by 0.95%, Telecom up by 0.94%, Industrials up by 0.89%, Oil & Gas up by 0.82% and Energy up by 0.66%, while FMCG down by 0.39%, Power down by 0.12%, Consumer Durables down by 0.12% and Utilities down by 0.07% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 1.51%, Bajaj Finserv up by 1.50%, Larsen & Toubro up by 1.33%, Reliance Industries up by 1.28% and ICICI Bank up by 1.03%. On the flip side, Hindustan Unilever down by 0.97%, Eternal down by 0.64%, Power Grid Corporation down by 0.45%, NTPC down by 0.42% and Asian Paints down by 0.29% were the top losers.

Meanwhile, the Textile Ministry has said that exports of major textile commodities increased 5.37 per cent to $3.10 billion in July 2025 compared to $2.94 billion in the year-ago period, despite global uncertainties. The Ministry said India's textile exports continue to chart a positive growth trajectory, reaffirming the sector's role as a key driver of employment, exports, and economic growth. India's textile and apparel sector has continued to demonstrate resilience in July 2025, recording a steady growth trajectory.

As per quick estimates released by the Directorate General of Commercial Intelligence & Statistics (DGCIS) for the period April-July 2025, cumulative textile exports rose 3.87 per cent to $12.18 billion against $11.73 billion a year ago. The total exports of the six major textile commodity groups crossed $3.1 billion in July 2025, showing resilience against mixed global trade conditions. Sustained demand in ready-made garments, jute, carpets, and handicrafts contributed significantly to the growth momentum.

Ready-made Garments (RMG) exports rose to $1.34 billion in July 2025 from $1.28 billion in July 2024 (4.75 per cent growth). Cumulative exports for April-July 2025 stood at $5.53 billion compared to $5.13 billion last year, recording 7.87 per cent growth. The industry's performance highlights India's diversified product strength, spanning from cotton and MMF-based textiles to traditional handicrafts and eco-friendly jute.

The CNX Nifty is currently trading at 25137.80, up by 87.25 points or 0.35% after trading in a range of 25054.90 and 25145.70. There were 34 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were Bajaj Finserv up by 1.41%, Bharat Electronics up by 1.28%, Larsen & Toubro up by 1.26%, Reliance Industries up by 1.22% and SBI Life Insurance up by 1.18%. On the flip side, Tata Consumer Product down by 1.34%, Nestle down by 1.24%, Coal India down by 1.22%, Hindustan Unilever down by 1.02% and Indusind Bank down by 0.85% were the top losers.

Asian markets are trading mixed; Taiwan Weighted added 342.32 points or 1.45% to 23,967.76, Shanghai Composite strengthened 15.46 points or 0.41% to 3,781.67, KOSPI increased 20.59 points or 0.66% to 3,150.68 and Straits Times rose 7.69 points or 0.18% to 4,227.23.

On the flip side, Nikkei 225 slipped 294.55 points or 0.69% to 42,594.00, Jakarta Composite plunged 48.48 points or 0.61% to 7,895.35 and Hang Seng declined 114.94 points or 0.46% to 25,051.00.

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