Indian equity benchmarks continued their firm trade in morning session, mirroring a rally in global markets and a drop in crude oil prices below the $100 per barrel mark, amid hopes of renewed diplomatic engagement between the US and Iran. Sentiments remained up-beat with the International Monetary Fund (IMF) stating that India’s economy is expected to grow a tad faster at 6.5 per cent in 2027 despite escalating tensions in West Asia. Some optimism also came as Commerce and Industry Minister Piyush Goyal held talks with his Omanese counterpart Anwar bin Hilal bin Hamdoun Al Jabri on ways to promote bilateral trade and investment. In the last few days, Goyal has held discussions with the trade ministers of Saudi Arabia, UAE, Bahrain and Kuwait. Sector-wise, Auto stocks remained in watch SIAM said automobile wholesales in India posted a record at 2,82,65,519 units in FY26, up 10.4 per cent year-on-year with all segments -- passenger and commercial vehicles, two and three-wheelers - recording the highest-ever sales in a fiscal, with GST 2.0 proving to be a key growth driver. On the global front, Asian markets were trading higher tracking overnight gains on Wall Street, as crude oil prices fell amid optimism over renewed US-Iran talks to end the war.
The BSE Sensex is currently trading at 78227.79, up by 1380.22 points or 1.80% after trading in a range of 77849.52 and 78270.42. There were 29 stocks advancing against 1 stock declining on the index.
The top gaining sectoral indices on the BSE were Industrials up by 2.88%, Capital Goods up by 2.44%, IT up by 2.38%, Power up by 2.26% and Consumer discretionary up by 2.16%, while there was no losing sectoral indices on the BSE.
The top gainers on the Sensex were Interglobe Aviation up by 4.86%, Eternal up by 4.21%, Larsen & Toubro up by 3.44%, Adani Ports &SEZ up by 2.93% and TCS up by 2.84%. On the flip side, ICICI Bank down by 0.03% was the lone losers.
Meanwhile, the Reserve Bank of India (RBI) in its latest data has showed that net sales of non-financial private companies increased at a slower pace of 11.4 per cent in 2024-25 (FY25) as compared to 11.7 per cent in the previous year. The RBI published data relating to financial performance of non-government non-financial (NGNF) private limited companies during 2024-25 based on audited annual accounts of select 15,919 firms reported in the Indian Accounting Standards (Ind-AS) format.
It highlighted that services sector registered a 13.5 per cent growth in net sales during 2024-25, led by 'Trade -- wholesale & retail', 'Real Estate' and 'Transport and Storage services' sub-sectors. Sales growth in the manufacturing sector moderated marginally to 9.2 per cent in 2024-25 from 9.4 per cent in the previous year. Total paid-up capital (PUC) of these companies amounted to Rs 8,44,198 crore as at end-March 2025, which covered 40.3 per cent of the total PUC of NGNF private limited companies.
It stated at the aggregate level, operating expenses increased at a faster pace in 2024-25 as compared to the previous year, mainly due to higher manufacturing expenses and employee remuneration. Remuneration to employees grew in the services sector, while it eased in the manufacturing sector. Besides, it mentioned operating profit and profit after tax continued to show double-digit growth in 2024-25 on top of high growth in 2023-24. Gross capital formation (which includes fixed assets and inventories) accounted for 48.2 per cent of total fund usage, rising from 45.3% in the previous year.
The CNX Nifty is currently trading at 24260.10, up by 417.45 points or 1.75% after trading in a range of 24145.80 and 24280.90. There were 47 stocks advancing against 3 stocks declining on the index.
The top gainers on Nifty were Interglobe Aviation up by 4.94%, Eternal up by 4.14%, Hindalco up by 3.66%, Larsen & Toubro up by 3.41% and Max Healthcare up by 3.02%. On the flip side, Dr. Reddy's Lab down by 1.60%, Coal India down by 0.09% and ICICI Bank down by 0.08% were the top losers.
All Asian markets were trading higher; Nikkei 225 surged 414.61 points or 0.72% to 58,292.00, Taiwan Weighted added 408.37 points or 1.13% to 36,704.49, Jakarta Composite gained 36.18 points or 0.47% to 7,712.13, Shanghai Composite strengthened 12.81 points or 0.32% to 4,039.44, KOSPI increased 174.50 points or 2.92% to 6,142.25, Hang Seng advanced 205.68 points or 0.79% to 26,078.00 and Straits Times rose 21.3 points or 0.43% to 5,028.87.
