Indian markets makes reovery in late trade; continue trade in red

Indian equity markets made significant recovery in late trade though continue to trade lower. The escalating tensions between Israel-Iran continue to weigh on investors’ sentiments after U.S. struck nuclear targets in Iran. However, the losses remained capped as market participants remained optimistic about country’s economy after CRISIL Ratings in its latest report has said that the ongoing conflict in the Middle East so far did not have any significant impact on global trade of Indian corporates. Besides, oil minister Hardeep Singh Puri has assured that the country has enough energy supplies to meet for several weeks and continues to receive supplies from several routes. Further, the BSE Mid cap and BSE small cap have outperformed their peers to trade 0.21% and 0.47% higher, respectively.

On the global front, Asian equity markets were trading mostly in red. European equity markets were trading lower as investors waited for Iran's response to the weekend U.S. air strikes on its nuclear sites. Back home, IT stocks came under pressure dragging the BSE IT index down 1.32% amid concerns over continued easing in tech spending after the IT giant Accenture indicated a drop in outsourcing contracts. Besides, Accenture narrowed its revenue growth guidance to between 6% and 7% from 5% and 7% earlier.

The BSE Sensex is currently trading at 81960.98, down by 447.19 points or 0.54% after trading in a range of 81476.76 and 82169.67. There were 9 stocks advancing against 21 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index surged 0.21%, while Small cap index was up by 0.47%.

The top gaining sectoral indices on the BSE were Capital Goods up by 0.94%, Metal up by 0.85%, PSU up by 0.62%, Basic Materials up by 0.52% and Utilities up by 0.38%, while IT down by 1.32%, TECK down by 1.00%, Auto down by 0.82%, Telecom down by 0.48% and FMCG down by 0.40% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 4.06%, Bharat Electronics up by 3.15%, Bajaj Finance up by 1.36%, Bajaj Finserv up by 0.91% and Eternal up by 0.59%. On the flip side, Infosys down by 2.06%, Larsen & Toubro down by 1.86%, HCL Technologies down by 1.85%, Mahindra & Mahindra down by 1.47% and TCS down by 1.15% were the top losers.

Meanwhile, the payroll data released by the Labour Ministry has indicated that the Employees' Provident Fund Organization (EPFO) added 19.14 lakh members on a net basis in April 2025. This figure depicts a significant increase of 31.31 per cent over March 2025 and 1.17 per cent growth over April 2024. The EPFO enrolled around 8.49 lakh new subscribers in April 2025, representing a 12.49 per cent increase over March 2025. This increase in new subscribers can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO's successful outreach programmes.

According to the data, a noticeable aspect is the dominance of the 18-25 age group. EPFO added 4.89 lakh new subscribers in the 18-25 age group, constituting a significant 57.67 per cent of the total new subscribers added in April 2025. New subscribers in the 18-25 age group added in the month show an increase of 10.05 per cent compared to the previous month of March 2025. The net payroll addition for the age group 18-25 for April 2025 is approximately 7.58 lakh reflecting an increase of 13.60 per cent from the previous month in March 2025. This is in consonance with the earlier trend which indicates that most individuals joining the organized workforce are youth, primarily first-time job seekers.

It further stated that approximately 15.77 lakh members, who had exited earlier, rejoined EPFO in April 2025. This figure depicts a 19.19 per cent increase over March 2025. These members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead of applying for final settlement thus safeguarding long-term financial well-being and extending their social security protection. Around 2.45 lakh new female subscribers joined EPFO in April 2025. It reflects an increase of 17.63 per cent compared to the previous month of March 2025. Further, the net female payroll addition during the month stood at around 3.95 lakh, with a significant month-on-month increase of 35.24 per cent compared to March 2025. The growth in female member additions is indicative of a broader shift towards a more inclusive and diverse workforce. 

State-wise analysis of payroll data denotes that the top five states/ UTs constitute around 60.10 per cent of net payroll addition, adding a total around 11.50 lakh net payroll during the month. Of all the states, Maharashtra is leading by adding 21.12 per cent of net payroll during the month. The states/UTs of Maharashtra, Karnataka, Tamil Nadu, Gujarat, Haryana, Delhi, Uttar Pradesh and Telangana individually added more than 5 per cent of the total net payroll during the month.

The CNX Nifty is currently trading at 24990.65, down by 121.75 points or 0.48% after trading in a range of 24824.85 and 25057.00. There were 17 stocks advancing against 33 stocks declining on the index.

The top gainers on Nifty were Trent up by 4.15%, Bharat Electronics up by 3.03%, Hindalco up by 1.79%, Adani Enterprises up by 1.43% and Bajaj Finance up by 1.10%. On the flip side, Infosys down by 2.21%, HCL Technologies down by 1.90%, Larsen & Toubro down by 1.84%, Hero MotoCorp down by 1.73% and Mahindra & Mahindra down by 1.58% were the top losers.

Asian markets are trading mostly in red; Jakarta Composite plunged 117.34 points or 1.73% to 6,789.80, KOSPI dropped 7.37 points or 0.24% to 3,014.47, Straits Times fell 3.63 points or 0.09% to 3,879.80, Taiwan Weighted lost 313.72 points or 1.44% to 21,732.02 and Nikkei 225 slipped 49.14 points or 0.13% to 38,354.09, while Hang Seng advanced 158.65 points or 0.67% to 23,689.13 and Shanghai Composite strengthened 21.68 points or 0.64% to 3,381.58.

European markets were trading lower; UK’s FTSE 100 decreased 0.49 points or 0.01% to 8,774.16, France’s CAC fell 6.82 points or 0.09% to 7,582.84 and Germany’s DAX lost 23.11 points or 0.1% to 23,327.44.