Indian Equity Markets Surge Amidst Widespread Buying

Strategic Insights -

The Indian equity markets continued to trade higher in the late afternoon session, supported by widespread buying. Investor sentiments remained upbeat after ICRA Analytics' report showed that the Assets Under Management (AUM) of the Indian mutual fund (MF) industry touched Rs 70 trillion as of March 2025, marking a 22.5 per cent year-on-year growth. The report also highlighted that AUM of open-ended schemes like index funds and exchange-traded funds (ETFs) witnessed a growth of 23.80 per cent in April 2025, followed by open-ended equity funds.

Key Takeaways:

  • The BSE Mid cap index surged 0.65%, while Small cap index was up by 0.57%.
  • The top gaining sectoral indices on the BSE were FMCG up by 1.45%, IT up by 1.24%, Utilities up by 1.03%, Power up by 1.03% and Oil & Gas up by 0.99%.
  • The top gainers on the Sensex were Eternal up by 4.56%, ITC up by 2.39%, Power Grid Corporation of India up by 2.30%, Bajaj Finserv up by 2.16% and Axis Bank up by 1.83%.
  • The UK has agreed to accord non-discriminatory treatment to Indian companies in its public procurement system under the free trade agreement (FTA) between the two countries.
  • The trade pact will give UK businesses unique and unprecedented access to India's public procurement market, comprising about 40,000 tenders with a value of at least 38 billion pounds a year.
  • India has agreed to allow British companies to participate in public procurements only in the non-sensitive sectors.
  • The BSE Sensex is currently trading at 81749.94, up by 797.95 points or 0.99% after trading in a range of 80897.00 and 81905.17.

Statistics:

  • The Assets Under Management (AUM) of the Indian mutual fund (MF) industry touched Rs 70 trillion as of March 2025, marking a 22.5 per cent year-on-year growth.
  • AUM of open-ended schemes like index funds and exchange-traded funds (ETFs) witnessed a growth of 23.80 per cent in April 2025.
  • The BSE Mid cap index surged 0.65%, while Small cap index was up by 0.57%.
  • The top gainers on the Sensex were up by 4.56% to 2.41%.
  • The CNX Nifty is currently trading at 24866.35, up by 256.65 points or 1.04% after trading in a range of 24614.05 and 24909.05.

Sources:

  • ICRA Analytics' report
  • Accord Fintech Pvt. Ltd.