Equity Alert
Indices remain up; auto cos rise as China lifts export curbs
This story was originally published at 12:09 IST on 19 August 2025
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Equity Alert: Indices remain up; auto cos rise as China lifts export curbs
MUMBAI--1132 IST--Benchmark equity indices remained higher, supported by some automotive companies and gains in heavyweight stock, Reliance Industries. At 1201 IST, the Nifty 50 index was up 0.3% at 24953.55 points and the BSE Sensex was up 0.4% at 81560.41 points. China on Tuesday eased restrictions on export of rare earth magnets and minerals, as well as fertilisers to India. This came after Foreign Minister S. Jaishankar's meeting last month with his Chinese counterpart Wang Yi, The Economic Times reported.
Reliance Industries rose over 2% and emerged as one of the top gainers on the Nifty 50 so far in the day. The Nifty Oil & Gas index rose over 1% and was the biggest gainer among sectoral indices. Prime Minister Narendra Modi had announced the launch of a "National Deep Water Exploration Mission" during his speech on the Independence Day, in a move aimed to boost deep sea exploration to find oil reserves and gas reserves in Indian waters.
China's move to lift curbs on rare earth and magnets buoyed shares of Tata Motors, Hero MotoCorp, and Bajaj Auto, which rose 2-3%. Ola Electric Mobility gained over 7%, making it the top performer in the Nifty 200 index. All automobile companies in the Nifty Auto index rose, except for Ashok Leyland and Balakrishna Industries, which were nearly 1% lower each.
Gains in the Nifty 50 index were capped as most financial services stocks were in the red. Bajaj Finance, SBI Life Insurance Co. and Bajaj Finserv declined over 1% and were the biggest losers in the Nifty 50 index. The Nifty Financial Services index was down marginally. (P. Madhu Kumar)
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