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Indices remain in green in late morning deals
Oct-07-2025

Indian equity markets pared some gains but continued to trade in green in late morning deals owing to buying in Eternal, Bajaj Finance, Bharti Airtel, HCL Technologies and Mahindra & Mahindra companies’ stocks. Positive cues from the other Asian markets supported domestic sentiments. Further, sentiment got boost as the World Bank upped India’s growth estimates for the current fiscal (FY26) by 20 basis points to 6.5 per cent from its June projection of 6.3 per cent. Besides, sentiment was buoyed by upbeat business updates from companies ahead of the September-quarter earnings. On the BSE sectoral front, traders were seen piling up positions in Telecom, Auto, Consumer Durables, Energy and Oil & Gas, while selling was witnessed in Realty, FMCG, IT, PSU and Capital Goods. 

On the global front, Asian markets were trading in green as traders have reinforced bets on an additional rate cut by the U.S. Fed this October. Back home, in the stock specific development, LTIMindtree rose after the company signed a multi-year deal with a global media and entertainment firm. 

The BSE Sensex is currently trading at 81969.33, up by 179.21 points or 0.22% after trading in a range of 81787.48 and 82211.77. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index was up by 0.32%, while Small cap index down by 0.15%.

The top gaining sectoral indices on the BSE were Telecom up by 0.79%, Auto up by 0.44%, Consumer Durables up by 0.43%, Energy up by 0.35% and Oil & Gas up by 0.27%, while Realty down by 0.53%, FMCG down by 0.46%, IT down by 0.36%, PSU down by 0.13% and Capital Goods down by 0.08% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.43%, Bajaj Finance up by 1.27%, Bharti Airtel up by 0.99%, HCL Technologies up by 0.94% and Mahindra & Mahindra up by 0.89%. On the flip side, Trent down by 2.27%, Axis Bank down by 1.75%, Tata Motors down by 1.03%, Hindustan Unilever down by 0.85% and Infosys down by 0.84% were the top losers. 

Meanwhile, the credit rating agency Crisil has said that the gross non-performing assets for the banking system's micro, small and medium enterprises (MSMEs) portfolio are likely to rise moderately to about 3.9% by FY26-end. It added that the 50% tariffs imposed by the US on Indian exports will primarily contribute in increase of the dud assets. It noted that the sector constitutes 17% of outstanding loans for the banking system and the overall NPAs for the sector stood at 3.59% at the end of FY25. It added that tariffs will affect export-oriented MSMEs in sub-segments, such as textiles, garments and carpets, gems and jewellery, shrimp and processed seafoods and certain verticals of the chemicals sector.

Amid calls for pushing credit to small businesses to help drive economic growth, Crisil has warned of associated risks that may come it. It added that the tariff-impacted MSMEs will push up the overall bank NPAs by a notch. It estimates the system-level dud assets to reach 2.3%-2.5% by the end of FY25 from 2.3% at the end of the previous fiscal. It also flagged the unsecured segment in the retail loan books as something to watch out for from an asset quality perspective. 

It has pointed that the banks have adopted an aggressive write-off policy in this sub-segment. It noted that slippages were elevated during the fiscal (more than 2 times the opening gross NPA) but the high write-offs (50% of opening gross NPA + slippages) resulted in only a modest uptick in gross NPAs to 1.8% as of March 31, 2025, from 1.5% a year earlier. It hinted that the overall retail NPAs will remain at 1.2% supported by to the steady performance of the housing sector loans. In the corporate sector, which accounts for 38% of the outstanding loans, it expects the NPAs to remain steady at 1.4%-1.5%, given the strong balance sheets.

The CNX Nifty is currently trading at 25133.80, up by 56.15 points or 0.22% after trading in a range of 25076.30 and 25202.20. There were 28 stocks advancing against 22 stocks declining on the index.

The top gainers on Nifty were JIO Financial up by 1.75%, Eternal up by 1.55%, Bajaj Finance up by 1.33%, Coal India up by 1.14% and Bharti Airtel up by 1.08%. On the flip side, Trent down by 2.27%, Axis Bank down by 1.80%, Tata Consumer down by 1.32%, Tata Motors down by 1.06% and Shriram Finance down by 0.98% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 31.24 points or 0.07% to 47,976.00, Taiwan Weighted added 450.89 points or 1.66% to 27,211.95, Jakarta Composite gained 42.74 points or 0.52% to 8,182.63 and Straits Times rose 42.88 points or 0.96% to 4,464.59.
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