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Key gauges continue to trade in green in morning deals
Oct-07-2025

Indian equity benchmarks continued to trade in green in morning deals, helped by a rally in blue-chip stocks and continuous buying by domestic institutional investors. Traders took some support as NITI Aayog CEO BVR Subrahmanyam has exuded confidence that a trade agreement would be concluded between India and the US soon, as both countries are committed to having a mutually beneficial bilateral trade pact. Moreover, he said that India should lower tariffs and non-tariff barriers and open its markets to improve competitiveness in manufacturing. Some support also came as Commerce and Industry Minister Piyush Goyal stated that India is negotiating free trade agreements (FTAs) with several countries, including Oman, Chile, Peru, the US, and the European Union. He said India is now uniting itself with developed countries through these trade agreements. Traders overlooked exchange data showed Foreign Institutional Investors (FIIs) offloaded equities worth Rs 313.77 crore on Monday. On the global front, Asian markets are trading in green despite mixed cues from global markets and concerns over U.S. trade policies.

The BSE Sensex is currently trading at 82118.71, up by 328.59 points or 0.40% after trading in a range of 81787.48 and 82211.77. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.44%, while Small cap index was up by 0.12%.

The top gaining sectoral indices on the BSE were Telecom up by 0.79%, Energy up by 0.69%, Oil & Gas up by 0.62%, Metal up by 0.47% and Auto up by 0.42%, while IT down by 0.28% and Healthcare down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.57%, Bharti Airtel up by 1.46%, ICICI Bank up by 1.36%, Bajaj Finance up by 1.32% and Reliance Industries up by 0.95%. On the flip side, Trent down by 2.07%, Axis Bank down by 1.55%, TCS down by 0.85%, Infosys down by 0.72% and SBI down by 0.68% were the top losers.

Meanwhile, NITI Aayog CEO BVR Subrahmanyam has exuded confidence that a trade agreement would be concluded between India and the US soon, as both countries are committed to having a mutually beneficial bilateral trade pact. Moreover, he said that India should lower tariffs and non-tariff barriers and open its markets to improve competitiveness in manufacturing.

He stated ‘So the good thing is, both sides are still committed to having a trade deal. So negotiations happened last month, so I think both sides are hopeful.’ The ties between New Delhi and Washington have come under severe stress after US President Donald Trump doubled tariffs on Indian goods in August to 50 per cent, including an additional 25 per cent duty on India's purchase of Russian crude oil. India had described the US action as unfair, unjustified and unreasonable.

Talking about the impact of a whopping 50 per cent tariffs on Indian goods, Subrahmanyam said ‘Building a trade channel is difficult, and unwinding a trade channel is also difficult No impact will happen till Christmas.’ However, he noted that summer is going to be an issue if both countries do not settle the trade deal. Besides, he said ‘We are at a disadvantage...50 per cent tariffs are a major, major cost factor... There is no escaping that. People are hopeful that if the trade deal comes through by November, then there will be no disruption.’

The CNX Nifty is currently trading at 25177.00, up by 99.35 points or 0.40% after trading in a range of 25076.30 and 25202.20. There were 33 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were JIO Financial up by 2.19%, Eternal up by 1.54%, Bharti Airtel up by 1.39%, Bajaj Finance up by 1.38% and ICICI Bank up by 1.38%. On the flip side, Trent down by 2.08%, Axis Bank down by 1.33%, Infosys down by 1.00%, TCS down by 0.81% and Interglobe Aviation down by 0.75% were the top losers.

Asian markets are trading in green; Nikkei 225 surged 245.24 points or 0.51% to 48,190.00, Taiwan Weighted added 458.87 points or 1.71% to 27,219.93, Jakarta Composite gained 36.38 points or 0.45% to 8,176.27 and Straits Times rose 41.42 points or 0.94% to 4,463.13. 
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