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Markets add more losses in late trade
Aug-22-2025

Indian equity markets added more losses in late trade as traders remained cautious ahead of Fed Chair Jerome Powell's speech at the Jackson Hole symposium for more clues on potential interest rate cuts. Besides, SBI Research Report suggesting India's economic growth is expected to be lower at 6.3 per cent in the fiscal year 2025-26 (FY26) compared to the Reserve Bank of India’s (RBI's) projection of 6.5 per cent has weighed on investors’ sentiments. The report said the Indian economy is expected to grow at 6.5 per cent in the second quarter and at a lower rate of 6.3 per cent in the third quarter.

On the global front, Asian equity markets were trading mixed as hawkish comments from several Federal Reserve officials prompted traders to reduce their expectations for imminent rate cuts. European equity markets were trading higher despite the more than expected shrink in German economy.

The BSE Sensex is currently trading at 81402.42, down by 598.29 points or 0.73% after trading in a range of 81357.09 and 81993.61. There were 6 stocks advancing against 24 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.11%, while Small cap index was down by 0.19%.

The few gaining sectoral indices on the BSE were Telecom up by 0.61%, Capital Goods up by 0.24% and Healthcare up by 0.16%, while Metal down by 1.09%, Bankex down by 0.99%, FMCG down by 0.93%, Basic Materials down by 0.88%, Energy down by 0.79% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.19%, Bharat Electronics up by 0.48%, Maruti Suzuki up by 0.45%, Sun Pharmaceutical Industries up by 0.38% and Bharti Airtel up by 0.36%. On the flip side, Asian Paints down by 2.10%, Ultratech Cement down by 1.79%, ITC down by 1.74%, HCL Technologies down by 1.57% and Tata Steel down by 1.52% were the top losers.

Meanwhile, Ministry of Corporate Affairs (MCA) is working on widening the scope for fast-track mergers besides working with market regulator Securities & Exchange Board of India (SEBI) on harmonisation of requirements for transmission of shares. These and several other such initiatives are part of the further measures of doing ease of business in the country.

MCA Secretary Deepti Gaur Mukerjee said ‘we are trying to widen the scope of what all can come under the fast-track merger. And also simplify the process in terms of the requirements that have to be undergone to do a fast-track merger.’ She said that MCA has got a lot of suggestions and in the next 10-15 days, the final version of the new fast-track merger and acquisition guidelines and rules are expected to be out.  She said ‘we are now working with Sebi to set up a small task force and I think by September 8 we will have the first draft out where we look at harmonization of requirements for transmission of shares or even for dematerialisation of shares. So that there is a uniform practice across the entire industry’.

Talking on the concept of ESG, Mukerjee said one of the key challenges the MCA has in ESG is primarily the quality of disclosures that are being made. She said ‘from our side, companies actually don't write anything. Whatever you have in ESG compliance comes from Sebi. However, the principles are enshrined in the corporate governance guidelines, which we have. So I would request you again to stress that ESG disclosure should be comprehensive and transparent’. She added that ‘but with SEBI and RBI, we are in discussion for some more provisions which need to be clarified, whether it is in terms of issues with securities or public offers and other such things.’

The CNX Nifty is currently trading at 24878.45, down by 205.30 points or 0.82% after trading in a range of 24874.20 and 25084.85. There were 8 stocks advancing against 42 stocks declining on the index.

The top gainers on Nifty were Mahindra & Mahindra up by 1.06%, Bharat Electronics up by 0.52%, Maruti Suzuki up by 0.46%, Sun Pharmaceutical Industries up by 0.29% and Titan Company up by 0.28%. On the flip side, Grasim Industries down by 2.18%, Asian Paints down by 2.11%, Adani Enterprises down by 2.07%, Hero MotoCorp down by 1.95% and Ultratech Cement down by 1.87% were the top losers.

Asian equity markets were trading mixed; Hang Seng advanced 187.39 points or 0.74% to 25,292.00, Straits Times rose 21.25 points or 0.5% to 4,252.15, Shanghai Composite strengthened 54.66 points or 1.43% to 3,825.76 and KOSPI increased 26.99 points or 0.85% to 3,168.73, while Nikkei 225 slipped 13.17 points or 0.03% to 42,597.00, Taiwan Weighted lost 197.66 points or 0.83% to 23,764.47 and Jakarta Composite plunged 8.69 points or 0.11% to 7,882.03.

European equity markets were trading higher; UK’s FTSE 100 increased 3.87 points or 0.04% to 9,313.07, France’s CAC rose 12.31 points or 0.16% to 7,950.60 and Germany’s DAX gained 13.16 points or 0.05% to 24,306.50.

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