India Update

08 May, 2025
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Stock market indexes in Mumbai lacked direction amid rising tensions between India and Pakistan. 

The Sensex and Nifty indexes edged up a fraction as investors reviewed the latest batch of earnings . 

The rupee edged higher against the U.S. dollar and traded at a six-month low of 84.60 as foreign investors stepped up their purchases of Indian stocks. 

The U.S. Federal Reserve held its target rate range between 4.25% and 4.50%, as widely anticipated, and Fed Chair Jerome Powell ruled out preemptive rate cuts to ward off the impact of tariffs. 

Investors are still holding out for at least two interest rate cuts later in the year, but the sharp escalation in tariffs could delay cuts. 

 

Stock Indexes and Bond Yields

The Sensex index advanced by 0.04% to 80,785.63, and the Nifty index decreased by 0.05% to 24,402.55.

On the Mumbai stock exchange, 30 stocks traded at their 52-week highs, and 40 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.34%, and the Indian rupee traded around a record increase of 84.78 against the U.S. dollar. 

The gold price decreased by 0.8% to ₹96,301 per ten grams, and silver fell by 0.03% to ₹95,709 per kilo.

Crude oil gained 0.5% to ₹4981 per barrel, and natural gas increased by 1.2% to ₹308.40 per thermal unit.

 

India Stock Movers 

Coal India advanced 0.5% to ₹385.20 after the mining company reported consolidated profit increased 12% from a year ago. 

Nazara Technologies increased 1.9% to ₹1,092.40, and the company received NCLT's approval to acquire Smaaash Entertainment. 

Dabur India declined 2.8% to ₹468.50 after the consumer product company reported muted fiscal fourth-quarter earnings. 

Kfiin Technologies Ltd. decreased 1.4% to ₹1,096.0 on a report that the private equity group General Atlantic is looking to sell its entire 6% stake.