Bourses trim losses in early afternoon session

Indian markets trimmed some of their losses in early afternoon session but continued to trade in red. Sentiments remained downbeat with rising geopolitical tensions, such as the ongoing Iran-Israel conflict. Besides, there was cautiousness about U.S.-China trade deal. Domestic traders overlooked India’s positive inflation data. India’s inflation rate based on the Consumer Price Index (CPI) declined to 2.82 per cent in May this year compared to the same month of the previous year. This is the lowest level of retail inflation since February 2019. Sector wise, edible oil sector remained in watch as India’s vegetable oil imports fell for the sixth consecutive month by 22.36 per cent to 11.87 lakh tonnes in May 2025 as compared to 15.29 lakh tonnes in the year-ago period. On the global front, all Asian markets were trading lower amid tariff uncertainties and heightened geopolitical tensions in the Middle East region. 

The BSE Sensex is currently trading at 81143.96, down by 548.02 points or 0.67% after trading in a range of 80354.59 and 81146.01. There were 7 stocks advancing against 23 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.44%, while Small cap index was down by 0.38%.

The only gaining sectoral indices on the BSE were IT up by 0.40% and TECK was up by 0.18%, while Bankex down by 1.05%, FMCG down by 0.89%, Utilities down by 0.88%, Power down by 0.84% and Auto was down by 0.79% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 1.73%, Tech Mahindra up by 1.44%, HCL Tech up by 0.46%, TCS up by 0.44% and Sun Pharma up by 0.29%. On the flip side, Adani Ports down by 2.01%, SBI down by 1.66%, Trent down by 1.54%, Ultratech Cement down by 1.41% and Bajaj Finserv down by 1.39% were the top losers.

Meanwhile, Minister for New and Renewable Energy (MNRE) Pralhad Joshi has said that India's total renewable energy capacity grew 17.13 per cent year-on-year to 226.74 gigawatts (GW) in May 2025 from 193.58 GW in the same month last year.

The minister said of the total, solar power capacity expanded 31.49 per cent to 110.83 GW in May 2025 from 84.28 GW in May 2024. Wind capacity witnessed a rise of 10.49 per cent to 51.29 GW against 46.42 GW last year. 

He further said India's Renewable Energy sector has witnessed unprecedented growth under the visionary leadership of government of India. He said ‘from solar to wind energy, our nation is paving the way for a brighter and more sustainable future’. He added that clean energy is shaping India's journey of progress and pride.

The CNX Nifty is currently trading at 24723.95, down by 164.25 points or 0.66% after trading in a range of 24473.00 and 24724.60. There were 8 stocks advancing against 42 stocks declining on the index.

The top gainers on Nifty were ONGC up by 2.03%, Bharat Electronics up by 1.66%, Tech Mahindra up by 1.48%, Wipro up by 0.81% and HCL Tech up by 0.52%. On the flip side, Adani Ports down by 2.13%, SBI down by 1.72%, Trent down by 1.54%, Adani Enterprises down by 1.48% and Bajaj Finserv down by 1.43% were the top losers.

All Asian markets were trading lower; Nikkei 225 slipped 338.84 points or 0.9% to 37,834.25, Hang Seng declined 219.96 points or 0.92% to 23,815.42, Taiwan Weighted lost 214.87 points or 0.97% to 22,072.95, Jakarta Composite plunged 46.25 points or 0.65% to 7,158.12, KOSPI dropped 25.41 points or 0.88% to 2,894.62, Shanghai Composite weakened 25.1 points or 0.74% to 3,377.56 and Straits Times was down by 16.78 points or 0.43% to 3,905.42.