Benchmarks continue firm trade in morning session

Indian equity benchmarks continued their firm trade in morning session, tracking a rally in global markets as investors sentiment became buoyant after US President Donald Trump relaxed some of the tariffs on electronics for now. The street remained cheerful as the Global Trade Research Initiative (GTRI) in its report indicated that US crackdown on low-value Chinese e-commerce shipments has opened a rare and potentially lucrative window for Indian exporters. Some support also came as Crisil report stated that India's domestic demand is showing recovery signs, fueled by healthy rabi output and easing inflation expected in fiscal 2025's fourth quarter. Improved industrial production, particularly in manufacturing, infrastructure, and construction goods, signals increased capital expenditure. Besides, exuding confidence in price competitiveness and continued government support, industry body -- PHD Chamber of Commerce and Industry (PHDCCI) said that the reciprocal tariffs imposed by US President Donald Trump will impact only 0.1 per cent of the Indian Gross Domestic Product (GDP). On the global front, Asian markets are trading mostly in green helped by gains in auto companies after US President Donald Trump suggested he might grant exemptions on auto-related levies already in place. 

The BSE Sensex is currently trading at 76747.27, up by 1590.01 points or 2.12% after trading in a range of 76435.07 and 76907.63. There were 29 stocks advancing against 1 stock declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 2.00%, while Small cap index was up by 2.45%.

The top gaining sectoral indices on the BSE were Realty up by 4.58%, Capital Goods up by 3.39%, Auto up by 3.25%, Industrials up by 3.21% and Consumer Discretionary up by 2.59%, while there were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Indusind Bank up by 5.83%, Tata Motors up by 4.74%, Larsen & Toubro up by 4.63%, Adani Ports &SEZ up by 3.93% and Mahindra & Mahindra up by 3.85%. On the flip side, Hindustan Unilever down by 0.43% was the lone loser.

Meanwhile, CareEdge in its latest report has said that India’s healthcare expenditure will surge from 3.3 per cent to 5 per cent of its GDP by 2030. Highlighting the opportunity, the report said that India’s healthcare sector is on the cusp of significant transformation, driven by increased public and private investments, policy initiatives, and demographic shifts. It further stated that despite the current challenges, including disparities in healthcare infrastructure and the availability of medical services in the workforce between urban and rural areas, the future looks promising with sustained efforts and strategic investments. As of 2022, India’s healthcare spending accounted for 3.3 per cent of the Indian GDP.

Krunal Modi, Director, CareEdge Ratings, emphasised, ‘India’s healthcare landscape is evolving rapidly. The government’s commitment to increasing healthcare spending, coupled with private sector participation, is laying a strong foundation for improved healthcare access and quality.’ He added ‘The doubling of medical seats, expanded health insurance coverage, and continued addition of hospital beds are positive steps towards building a robust healthcare system. As we move forward, a balanced approach that incorporates concerted efforts from both the public and private sectors will be essential in achieving our healthcare goals and delivering better health outcomes for all citizens.’

Besides, it said that the rising share of the population aged over 45 years, coupled with income growth, is also expected to catalyse higher demand for quality healthcare services. This demand will likely translate into sustained investments across the entire value chain, from medical education and training to hospital infrastructure and digital healthcare technologies.

The CNX Nifty is currently trading at 23314.90, up by 486.35 points or 2.13% after trading in a range of 23207.00 and 23368.35. There were 49 stocks advancing against 1 stock declining on the index.

The top gainers on Nifty were Indusind Bank up by 5.61%, Tata Motors up by 4.77%, Larsen & Toubro up by 4.57%, Shriram Finance up by 4.22% and Mahindra & Mahindra up by 4.15%. On the flip side, Hindustan Unilever down by 0.39% was the lone loser.

Asian markets are trading mostly in green; Nikkei 225 surged 329.49 points or 0.97% to 34,311.85, Taiwan Weighted added 348.1 points or 1.78% to 19,861.19, Hang Seng advanced 40.21 points or 0.19% to 21,457.61, KOSPI increased 26.10 points or 1.06% to 2,481.99, Straits Times rose 64.68 points or 1.82% to 3,613.59 and Jakarta Composite gained 87.61 points or 1.38% to 6,456.13.

On the flip side, Shanghai Composite weakened 2.26 points or 0.07% to 3,260.55.