Key indices remain in green in morning deals

Indian equity benchmarks remained in green in morning deals, tracking a firm trend in the Asian markets, and buying in Metal and Basic Materials stocks. Traders took support with research firm ICRA stating that kharif crops sowing this season may exceed the level of last year by a reasonable margin. It said aided by favourable monsoon, kharif sowing has been completed on 76 per cent of the normal sown area and is up by a rise of four per cent year-on-year as of July 2025. Traders took note of report that Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the finance ministry is doing weekly capital review of all public sector undertakings. He added that the ministry is working on strategies to segregate the Indian economy from geo-political risks. However, gains remain capped as some concern came with exchange data showed Foreign Institutional Investors (FIIs) continued their selling spree, offloading equities worth Rs 3,366.40 crore on August 1. On the global front, Asian markets were trading mostly in green as weaker than expected US monthly jobs data increased optimism about a potential interest rate cut by the US Fed in September.

The BSE Sensex is currently trading at 80774.98, up by 175.07 points or 0.22% after trading in a range of 80500.51 and 80902.93. There were 18 stocks advancing against 12 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was rose 0.25%, while Small cap index was up by 0.04%.

The top gaining sectoral indices on the BSE were Metal up by 1.72%, Basic Materials up by 1.25%, Auto up by 1.04%, Consumer Durables up by 0.60% and Consumer Discretionary up by 0.51%, while Power down by 0.54%, Utilities down by 0.41%, Healthcare down by 0.31%, IT down by 0.27% and Bankex down by 0.18% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.45%, Bharat Electronics up by 2.11%, Adani Ports &SEZ up by 1.57%, Reliance Industries up by 1.39% and Mahindra & Mahindra up by 1.27%. On the flip side, Power Grid Corp down by 0.88%, NTPC down by 0.79%, Infosys down by 0.70%, SBI down by 0.64% and Tech Mahindra down by 0.57% were the top losers.

Meanwhile, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla has said that the finance ministry is doing weekly capital review of all public sector undertakings. He added that the ministry is working on strategies to segregate the Indian economy from geo-political risks.  

Besides, he highlighted that public sector enterprises account for almost 15 per cent of total market capitalisation. Further, he assured that the government is confident about continuing their capital expenditure.

Recently, the US President Donald Trump had announced 25 per cent tariffs on India and an additional penalty for its trade with Russia. The tariffs will come into effect from August 7.

The CNX Nifty is currently trading at 24650.70, up by 85.35 points or 0.35% after trading in a range of 24554.00 and 24669.95. There were 33 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were Hero MotoCorp up by 2.54%, Tata Steel up by 2.41%, Bharat Electronics up by 2.05%, Hindalco up by 1.90% and JSW Steel up by 1.72%. On the flip side, Power Grid Corporation down by 0.91%, NTPC down by 0.79%, SBI down by 0.66%, Infosys down by 0.65% and ONGC down by 0.64% were the top losers.

Asian markets were trading mostly in green; Straits Times rose 33.51 points or 0.81 to 4,187.34, Shanghai Composite strengthened 6.93 points or 0.19 to 3,566.88, KOSPI increased 29.25 points or 0.94 to 3,148.66 and Hang Seng advanced 71.19 points or 0.29 to 24,579.00.

On the flip side, Jakarta Composite plunged 24.87 points or 0.33 to 7,512.90, Nikkei 225 slipped 621.6 points or 1.52 to 40,178.00 and Taiwan Weighted lost 147.3 points or 0.63 to 23,287.08.