More Stories

Informist, Tuesday, Aug. 19, 2025

 

By Gopika Balasubramanium

 

MUMBAI – The benchmark equity indices closed higher for the fourth straight session as traders covered their short positions in the cash market, derivative analysts said. The indices have been in an oversold zone for a long time now and the proposed reform of the goods and services tax acted as a catalyst for them to rise, analysts said. S&P Global's upgrade last week of India's long-term sovereign credit rating was also why sentiment remained upbeat even when most of the positive factors stated by the agency had already been discounted, they added.

 

The Nifty 50 closed at 24980.65 points, up 103.70 points or 0.4%. The 50-stock index failed to close above 25000 points for the second straight session. Gains in the index were led by Reliance Industries. The BSE Sensex closed at 81644.39 points, up 370.64 points or 0.5%.

 

The broader market indices also rose, outperforming the benchmark peers. They gained 0.7-1.0%, with the mid-cap indices rising more than the small-cap ones. The Nifty Smallcap 50 closed 0.7% higher and the Nifty Midcap Midcap 50 closed up 1%. Most sectoral indices, except those pertaining to pharmaceuticals and healthcare, closed higher.

 

In a major relief to automobile manufacturers and auto-part makers, there were reports that China had agreed to consider lifting the curbs on exports of rare earth magnets to India. Alongside, Beijing also agreed to address India's need for speciality chemicals and tunnel-boring machines.

 

Automobile stocks surged after this, with Tata Motors, Bajaj Auto, and Hero MotoCorp emerging as the top gainers in the Nifty 50. These stocks closed 2.4-3.6% higher. Auto ancillary companies such as Samvardhana Motherson International, Sona BLW Precision Forgings, and Motherson Sumi Wiring India also surged intraday but came off the highs to close 5.7%, 2.3%, and 6.2% up, respectively.

 

Ola Electric Mobility surged to a one-month high of INR 45.70 and closed 8.7% up at INR 44.83 to be the top gainer in the Nifty 200 index. In July, after detailing its earnings for the June quarter, the company had said it does not see any disruption due to the lack of availability of rare earth minerals and expects to start using motors without rare-earth magnets in its products to outplay the risks. Meanwhile, battery-makers such as Exide Industries and Amara Raja Energy & Mobility also closed 4.4% and 3.5% higher, respectively.

 

Indian automobile companies and the Society of Indian Automobile Manufacturers have been pushing New Delhi to resolve the shortage of rare earth magnets, a crucial component in motors for electric vehicles as well as for some using fossil fuels. This would "benefit the entire (automobile) ecosystem", an analyst at a foreign brokerage tracking the sector said. In June, some original equipment manufacturers had raised the alarm that their inventory of rare earth magnets would last only till the second week of August and production would be affected if the issue was not resolved by then.

 

Fertiliser stocks such as Chambal Fertilisers & Chemicals, Fertilizers & Chemicals Travancore, Rashtriya Chemicals & Fertilizers, and Gujarat State Fertilizers & Chemicals closed 1.5-3.4% higher. China lifting curbs on exports of speciality fertilisers to India is expected to bring down prices of these products and boost demand in India, leading to better crop yields for farmers, analysts said. Production of these chemicals by Indian companies is currently not enough to meet domestic demand, they said.

 

Shares of textile companies also moved higher Tuesday after the government temporarily scrapped import duty and agriculture infrastructure and development cess on cotton imports. This will help to mitigate the pressure from the higher tariff of 50% imposed on Indian exports to the US. "We believe this is the right move taken by government to safeguard interest of textile industry," ICICI Direct Research said in a report. "There is a possibility that it will be extended till the government signs an appropriate deal with US in the near future." The government has scrapped these taxes till Sept. 30. Currently, customs duty on imports of cotton stands at 11%, as per the report.

 

Among individual stocks, Reliance Industries closed 2.8% higher after hitting its highest level since Jul. 30. Media reports said its subsidiary Reliance Jio Infocomm has discontinued its entry-level 1 GB per day, 22-day plan of INR 209 and 28-day INR 249 plan, leaving the INR 299 pack as the entry-level pack. "... this move should drive Jio's average revenue per user up by 2-3%, as per our understanding," ICICI Direct Research said.

 

* Of the Nifty 50 stocks, 28 rose and 22 fell 

* Of the Sensex stocks, 18 rose and 12 fell

* On the NSE, 2,050 stocks rose, 939 fell, and 89 were unchanged

* On the BSE, 2,631 stocks rose, 1,437 fell, and 164 were unchanged

* Nifty Oil & Gas: up 1.7%; Nifty Media: up 1.3%; Nifty Pharma: down 0.3%

---

BSE                                               NSE

Sensex: 81644.39, up 370.64 points or 0.5%        Nifty 50: 24980.65, up 103.70 points or 0.4%

---

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 85978.25 (Sept. 27, 2024)	: Lifetime High: 26277.35 (Sept. 27, 2024)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 84058.90 (Jun. 27)	: 2025 Closing High: 25637.80 (Jun. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 84099.53 (Jun. 30)	: 2025 High (intraday): 25669.35 (Jun. 30)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

---

End

 

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.