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Markets relinquish some gains in late trade
Oct-07-2025

Indian equity markets gave up some gains and off their day’s high in late trade amid mixed global cues. However, markets continued to trade in green as the September-quarter earnings season set to begin with TCS likely to report its numbers on October 09. Besides, buying in heavy weights like HDFC Bank, ICICI Bank and Reliance Industries have kept the trading sentiments upbeat. Further, investors remained optimistic about India’s growth as World Bank in its South Asia Development Update has raised the country’s growth forecast to 6.5 percent for FY26 from its earlier projection of 6.3 percent in June. 

On the global front, Asian equity markets were trading in green as investors cheered data that showed Japanese household spending rose at a faster pace than expected in August. European equity markets were trading mostly in red with a deepening political crisis in France and weak factory orders data from Germany weighing on markets.

The BSE Sensex is currently trading at 82130.89, up by 340.77 points or 0.42% after trading in a range of 81787.48 and 82309.56. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index gained 0.39%, while Small cap index was down by 0.10%.

The top gaining sectoral indices on the BSE were Telecom up by 1.91%, Realty up by 0.69%, Energy up by 0.61%, Oil & Gas up by 0.58% and Consumer Durables up by 0.52%, while FMCG down by 0.43%, Metal down by 0.17%, IT down by 0.15%, Basic Materials down by 0.09% and Capital Goods down by 0.04% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 1.79%, HCL Technologies up by 1.54%, HDFC Bank up by 1.37%, ICICI Bank up by 1.28% and Power Grid Corporation up by 1.17%. On the flip side, Axis Bank down by 1.90%, Trent down by 1.79%, Tata Motors down by 1.76%, Hindustan Unilever down by 1.07% and Kotak Mahindra Bank down by 0.93% were the top losers.

Meanwhile, the World Bank in its South Asia Development Update has raised India’s growth forecast to 6.5 percent for FY26 from its earlier projection of 6.3 percent in June. However, considering the US’ tariff action, it has cut the forecast for the next fiscal (FY27) by 20 basis points to 6.3 per cent.

According to the report, India is expected to remain the world’s fastest-growing major economy, underpinned by continued strength in consumption growth. Domestic conditions, particularly agricultural output and rural wage growth, have been better than expected. The government’s reforms to the Goods and Services Tax (GST) - reducing the number of tax brackets and simplifying compliance - are expected to support activity.

The forecast for FY26/27 has been downgraded, however, as a result of the imposition of a 50 percent tariff on about three-quarters of India’s goods exports to the United States. India had been expected to face lower U.S. tariffs than its competitors in April but as of the end of August it faces considerably higher tariffs. Almost one-fifth of India’s goods exports went to the United States in 2024, equivalent to about 2 percent of GDP.

The CNX Nifty is currently trading at 25158.30, up by 80.65 points or 0.32% after trading in a range of 25076.30 and 25220.90. There were 26 stocks advancing against 24 stocks declining on the index.

The top gainers on Nifty were Bharti Airtel up by 1.68%, JIO Financial Services up by 1.60%, HDFC Bank up by 1.42%, Eicher Motors up by 1.38% and HCL Technologies up by 1.36%. On the flip side, Trent down by 2.05%, Axis Bank down by 1.97%, Tata Motors down by 1.85%, Tata Consumer Products down by 1.72% and Hindalco down by 1.18% were the top losers.

Asian equity markets were trading in green; Nikkei 225 surged 69.24 points or 0.14% to 48,014.00, Taiwan Weighted added 450.89 points or 1.66% to 27,211.95, Straits Times rose 46.91 points or 1.06% to 4,468.62 and Jakarta Composite gained 22.72 points or 0.28% to 8,162.61. Meanwhile, KOSPI, Shanghai Composite and Hang Seng remained closed on account of holiday.

European equity markets were trading mostly in red; UK’s FTSE 100 increased 5.61 points or 0.06% to 9,484.75, while France’s CAC fell 15.38 points or 0.19% to 7,956.40 and Germany’s DAX lost 13.99 points or 0.06% to 24,364.30.
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