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Sensex, Nifty trade in red; inflation data eyed
Oct-13-2025

Indian equity benchmarks made a negative start on Monday tracking weak global cues as investors worry about an escalation of the trade war between U.S. and China and the potential impact on the global economy. Sensex and Nifty were trading in red in early deals as investors avoided risky assets ahead of the inflation data as well as key Q2 earnings from prominent companies like HCL Tech, Infosys and Reliance Industries for further direction. Traders were also cautious as RBI data showed that India's forex reserves fell by $276 million to $699.96 billion during the week ended October 3.

On the global front, Asian markets were trading lower, following the broadly negative cues from Wall Street on Friday, amid renewed U.S.-China trade war after US President Donald Trump threatened to massively increase tariffs on China in retaliation for China's expansive export curbs on its rare earth minerals, which are essential for manufacturing and technology. Meanwhile, the Japanese stock market is closed for National Sports Day.

The BSE Sensex is currently trading at 82303.97, down by 196.85 points or 0.24% after trading in a range of 82043.14 and 82329.50. There were 9 stocks advancing against 21 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.33%, while Small cap index was down by 0.30%.

The sole gaining sectoral indices on the BSE was Auto up by 0.29%, while Capital Goods down by 0.87%, Oil & Gas down by 0.71%, Metal down by 0.64%, Power down by 0.63% and Energy down by 0.60% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 1.15%, Asian Paints up by 0.82%, Maruti Suzuki up by 0.81%, Bajaj Finance up by 0.62% and Mahindra & Mahindra up by 0.37%. On the flip side, Tata Motors down by 1.60%, Tata Steel down by 1.15%, Infosys down by 1.03%, Bharat Electronics down by 0.79% and Ultratech Cement down by 0.69% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal hold discussions with his Canadian counterpart Maninder Sidhu on ways to strengthen economic ties between the two countries. Goyal said ‘We discussed ways to find mutually beneficial opportunities for our businesses to capitalise on the complementarities offered by our two economies. I emphasised that economic, trade and investment ties between India and Canada should be grounded in the principles of mutual respect, trust and balance’.

The Canada's Minister of International Trade said that he spoke with India's Minister of Commerce and Industry to advance discussions on deepening economic engagement and increasing connectivity between the countries. He said ‘Together, we're exploring new trade opportunities in clean technology, AI, agriculture, critical minerals, and other key sectors’. The discussions are important as in 2023, Canada had paused negotiations for a free trade agreement with India.

In March 2022, the two countries had re-launched negotiations for an interim agreement, officially dubbed as Early Progress Trade Agreement (EPTA). Over half a dozen rounds of talks have been held on the trade pact so far. Normally in a trade agreement, two countries significantly reduce or eliminate customs duties on the maximum number of goods traded between them. They also liberalise norms for promoting trade in services and attract investments. India's exports to Canada rose by 9.8% to $4.22 billion in 2024-25 from $3.84 billion in 2023-24. Imports, however, dipped by 2.33% to $4.44 billion in the last fiscal from $4.55 billion in 2023-24.

The CNX Nifty is currently trading at 25229.60, down by 55.75 points or 0.22% after trading in a range of 25152.30 and 25241.95. There were 14 stocks advancing against 36 stocks declining on the index.

The top gainers on Nifty were Bajaj Auto up by 1.46%, Interglobe Aviation up by 1.39%, Bharti Airtel up by 1.01%, Eicher Motors up by 0.91% and Maruti Suzuki up by 0.84%. On the flip side, Tata Motors down by 1.57%, ONGC down by 1.21%, Wipro down by 1.18%, Tata Steel down by 1.10% and Infosys down by 1.08% were the top losers.

Asian markets are trading lower; Hang Seng declined 924.32 points or 3.64% to 25,366.00, Taiwan Weighted lost 482.47 points or 1.77% to 26,819.45, KOSPI dropped 60.88 points or 1.69% to 3,549.72, Shanghai Composite weakened 50.78 points or 1.3% to 3,846.25, Straits Times fell 47.26 points or 1.07% to 4,379.80 and Jakarta Composite was down by 5.03 points or 0.06% to 8,252.83.

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