Bourses stage sharp recovery in late trade

Indian bourses staged a sharp recovery to trade higher in late afternoon trade. Significant buying in heavyweights like Reliance Industries, HDFC bank, Infosys, L&T have pushed the key gauges towards day’s highs. Besides, auto stocks showed significant strength with BSE Auto index gaining more than 2% after Society of Indian Automobile Manufacturers (SIAM) has said that passenger vehicles dispatches from factories to company dealerships in the country increased 4 per cent year-on-year to 3,48,847 units in April. Passenger vehicle dispatches stood at 3,35,629 units in April last year. 

On the global front, Asian equity markets were trading mostly in red following the mixed cues from Wall Street overnight, as traders remained cautious amid continued uncertainty surrounding US President Donald Trump's trade policies, despite reaching trade deals between the US and China as well as the US and the UK. European equity markets were trading lower as traders remained cautious ahead of Fed Chair Jerome Powell’s speech.

The BSE Sensex is currently trading at 82592.97, up by 1262.41 points or 1.55% after trading in a range of 80762.16 and 82718.14. There were 29 stocks advancing against 1 stock declining on the index.

The broader indices were trading in green; the BSE Mid cap index surged 0.57%, while Small cap index was up by 0.85%.

The top gaining sectoral indices on the BSE were Auto up by 2.04%, Realty up by 1.87%, Consumer Discretionary up by 1.63%, Metal up by 1.55% and Industrials up by 1.53%. Meanwhile, there were no losers on BSE sectoral index. 

The top gainers on the Sensex were Tata Motors up by 3.56%, HCL Technologies up by 3.21%, Eternal up by 3.00%, Maruti Suzuki up by 2.54% and Adani Ports up by 2.47%. On the flip side, Indusind Bank down by 0.46% was the lone loser.

Meanwhile, Society of Indian Automobile Manufacturers (SIAM) has said that passenger vehicles dispatches from factories to company dealerships in the country increased 4 per cent year-on-year to 3,48,847 units in April. Passenger vehicle dispatches stood at 3,35,629 units in April last year.  

However, SIAM said total two-wheeler dispatches declined 17 per cent year-on-year to 14,58,784 units in April. The bike, scooter and moped wholesales in April 2024 stood at 17,51,393 units. In April 2025, scooter sales stood at 5,48,370 units, down 6 per cent from 5,81,277 units in April 2024.

Industry body stated that moped wholesales stood at 38,748 units in April 2025, down 8 per cent, as compared to 41,924 units in the year-ago period. Three-wheelers de-grew marginally year-on-year to 49,441 units in April 2025.

The CNX Nifty is currently trading at 25058.25, up by 391.35 points or 1.59% after trading in a range of 24494.45 and 25116.25. There were 49 stocks advancing against 1 stock declining on the index.

The top gainers on Nifty were Hero MotoCorp up by 6.03%, JSW Steel up by 4.63%, Tata Motors up by 3.72%, Shriram Finance up by 3.55% and Trent up by 3.48%. On the flip side, Indusind Bank down by 0.50% was the lone loser.

Asian markets were trading mostly in red; Hang Seng declined 187.49 points or 0.8% to 23,453.16, KOSPI dropped 19.21 points or 0.73% to 2,621.36, Nikkei 225 slipped 372.62 points or 0.99% to 37,755.51, Shanghai Composite weakened 23.13 points or 0.68% to 3,380.82 and Taiwan Weighted lost 52.62 points or 0.24% to 21,730.25, while Straits Times rose 7.9 points or 0.2% to 3,878.95 and Jakarta Composite gained 73.31 points or 1.05% to 7,053.19.

European markets were trading lower; UK’s FTSE 100 decreased 25.45 points or 0.3% to 8,559.56, France’s CAC fell 19.57 points or 0.25% to 7,817.22 and Germany’s DAX lost 66.9 points or 0.29% to 23,460.11.