Bourses continue to trade in green in early afternoon session

Indian equity markets continued to trade in green in early afternoon session as the latest U.S. jobs data came in better than expected, easing fears of a potential recession. Traders took note of report that think tank Global Trade Research Initiative (GTRI) has said that the US is expected to push for sweeping changes in India's policies, ranging from tariff reductions to regulatory overhauls, that could benefit American firms and exporters, under the proposed bilateral trade agreement (BTA) with India. Sector wise, automobile industry remained in limelight as Federation of Automotive Dealers Associations (FADA) has said that overall automobile retail sales in India grew a modest 2.95 per cent in April 2025 to 22,87,952 units with completion of purchases by customers around Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu helping April end on a positive note. 

On the global front, Asian markets were trading mostly in green as Indonesia's economy continued to expand strongly in the first quarter, though at the weakest pace in more than three years. Gross domestic product posted an annual growth of 4.87 percent in the first quarter, slower than the 5.02 percent expansion seen in the preceding period. 

The BSE Sensex is currently trading at 80719.46, up by 217.47 points or 0.27% after trading in a range of 80657.71 and 81049.03. There were 21 stocks advancing against 9 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 1.09%, while Small cap index was up by 0.87%.

The top gaining sectoral indices on the BSE were Utilities up by 2.09%, Oil & Gas up by 1.81%, Power up by 1.71%, Energy up by 1.42% and Auto was up by 1.26%, while Bankex down by 1.14% and Realty down by 0.01% was the only losing indices on BSE.

The top gainers on the Sensex were Adani Ports up by 7.73%, Bajaj Finserv up by 2.49%, Mahindra & Mahindra up by 2.35%, Eternal up by 1.96% and Power Grid up by 1.78%. On the flip side, Kotak Mahindra Bank down by 5.35%, SBI down by 1.42%, Axis Bank down by 1.31%, Indusind Bank down by 0.87% and ICICI Bank down by 0.26% were the top losers.

Meanwhile, Federation of Automotive Dealers Associations (FADA) has said that overall automobile retail sales in India grew a modest 2.95 per cent in April 2025 to 22,87,952 units with completion of purchases by customers around Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu helping April end on a positive note. Total automobile sales in India in April 2024 stood at 22,22,463 units.

FADA said all categories except commercial vehicles (CV) closed in the green, with two-wheelers, three-wheelers, passenger vehicles (PV) and tractor up 2.25 per cent, 24.5 per cent, 1.5 per cent, and 7.5 per cent, respectively, while CVs declined 1 per cent. Two-wheeler retail sales stood at 16,86,774 units in April 2025 as against 16,49,591 units in the same month last year, up 2.25 per cent. PV retail stood at 3,49,939 units in April 2025 as compared to 3,44,594 units in April 2024, up 1.55 per cent.  

It said CV retail sales declined 1.05 per cent to 90,558 units in April 2025 as against 91,516 units in April 2024. On the other hand, tractor retail grew 7.56 per cent to 60,915 units, compared to 56,635 units in the year-ago month. Three-wheeler segment witnessed a robust 24.51 per cent rise at 99,766 in April 2025 as compared to 80,127 units in April 2024.   

On the outlook, FADA said dealer feedback paints a nuanced picture for May across all segments with PV retails expected to hold steady but muted, as buyers await new-model roll-outs and contend with elevated financing costs.

The CNX Nifty is currently trading at 24439.20, up by 92.50 points or 0.38% after trading in a range of 24400.65 and 24526.40. There were 39 stocks advancing against 11 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 8.27%, Adani Ports up by 7.77%, Trent up by 4.02%, Shriram Finance up by 2.90% and Mahindra & Mahindra up by 2.52%. On the flip side, Kotak Mahindra Bank down by 5.36%, ONGC down by 1.96%, SBI down by 1.43%, Axis Bank down by 1.32% and Dr. Reddy's Lab down by 1.25% were the top losers.

Asian markets were trading mostly in green; Jakarta Composite gained 54.99 points or 0.81% to 6,870.72 and Straits Times was up by 0.76 points or 0.02% to 3,845.90. On the flip side, Taiwan Weighted was down by 254.65 points or 1.24% to 20,532.99.