Key gauges remain in green in morning deals

Indian equity benchmarks continued to trade in green in morning deals, tracking a positive trend in Asian markets. Traders took some support as the cabinet approved the free trade agreement (FTA) between India and the UK, which will be signed in London on July 24, 2025. The pact, officially called as comprehensive economic and trade agreement, will be signed during Prime Minister Narendra Modi's visit to London. Traders also took a note of Minister of State for Commerce and Industry Jitin Prasada’s statement that as many as 806 applications have been approved under the Production Linked Incentive (PLI) schemes across 14 sectors as on date. The schemes for 14 key sectors including telecom, electronics, pharma, textiles and auto were announced with an outlay of Rs 1.97 lakh crore to enhance India's manufacturing capabilities and exports. On the global front, Asian markets are trading higher after U.S. President Donald Trump announced trade deals with Japan & Philippines, sparking hopes for broader progress on international trade. 

The BSE Sensex is currently trading at 82374.14, up by 187.33 points or 0.23% after trading in a range of 82279.73 and 82475.45. There were 20 stocks advancing against 10 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.22%, while Small cap index was down by 0.17%.

The top gaining sectoral indices on the BSE were Auto up by 0.76%, Healthcare up by 0.49%, Utilities up by 0.31%, TECK up by 0.30% and Telecom up by 0.27%, while Realty down by 2.67%, Capital Goods down by 0.85%, Industrials down by 0.51%, FMCG down by 0.42% and PSU down by 0.22% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Motors up by 2.58%, Maruti Suzuki up by 1.30%, Bajaj Finance up by 1.25%, NTPC up by 0.78% and Bharti Airtel up by 0.73%. On the flip side, Bharat Electronics down by 1.46%, Hindustan Unilever down by 0.65%, Trent down by 0.52%, Tech Mahindra down by 0.44% and Asian Paints down by 0.41% were the top losers.

Meanwhile, Minister of State for Commerce and Industry Jitin Prasada has said as many as 806 applications have been approved under the Production Linked Incentive (PLI) schemes across 14 sectors as on date. The schemes for 14 key sectors including telecom, electronics, pharma, textiles and auto were announced with an outlay of Rs 1.97 lakh crore to enhance India's manufacturing capabilities and exports. It was announced in 2021.

He said that actual investment of Rs 1.76 lakh crore has been realised till March 2025 across 14 sectors, which has resulted in incremental production/sales of over Rs 16.5 lakh crore and employment generation of over 12 lakh (direct and indirect jobs). Moreover, he said the pharmaceuticals sector has witnessed cumulative sales of Rs 2.66 lakh crore, which includes exports of Rs 1.70 lakh crore achieved in the first three years of the scheme.

The scheme has contributed to India becoming a net exporter of bulk drugs (Rs 2,280 crore) from a net importer (Rs 1,930 crore) as was the case in 2021-22. In the mobile segment, the production in value terms has increased by around 146 per cent from Rs 2,13,773 crore in 2020-21 to Rs 5,25,000 crore in 2024-25. Exports of mobile phones in value terms have increased by around 775 per cent from Rs 22,870 crore in 2020-21 to Rs 2,00,000 crore in 2024-25. Besides, he stated that a cumulative incentive amount of Rs 21,534 crore has been disbursed as on June 24 under PLI scheme for 12 sectors, including Large Scale Electronics Manufacturing, IT Hardware, Bulk Drugs, Medical Devices, and Pharmaceuticals.

The CNX Nifty is currently trading at 25116.05, up by 55.15 points or 0.22% after trading in a range of 25085.50 and 25149.85. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Tata Motors up by 2.56%, Maruti Suzuki up by 1.26%, Apollo Hospital up by 1.22%, Bajaj Finance up by 1.15% and Bajaj Auto up by 0.93%. On the flip side, Bharat Electronics down by 1.45%, Tata Consumer Product down by 1.24%, SBI Life Insurance down by 0.75%, Hindustan Unilever down by 0.64% and Trent down by 0.58% were the top losers.

All Asian markets are trading higher; Nikkei 225 surged 1449.73 points or 3.64% to 41,224.65, Taiwan Weighted added 285.49 points or 1.24% to 23,273.41, Hang Seng advanced 332.27 points or 1.32% to 25,462.30, KOSPI increased 7.37 points or 0.23% to 3,177.31, Straits Times rose 19.7 points or 0.47% to 4,227.96, Jakarta Composite gained 56.35 points or 0.76% to 7,401.09 and Shanghai Composite strengthened 27.01 points or 0.75% to 3,608.87.