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Markets pare losses in late trade
Oct-13-2025

Indian equity markets pared some losses to trade close to the unchanged lines in late afternoon session. Traders took support of the Principal Secretary-2 to Prime Minister of India, Shaktikanta Das’ comments indicating India is poised to contribute about one-fifth of the world's Gross domestic product (GDP) growth on the back of robust domestic demand and prudent macroeconomic and financial sector policies, which enabled it to withstand ‘external shocks’. However, the global trade uncertainty surround US-China trade tensions has outweighed the domestic optimism. Investors took a cautious approach after U.S. President Donald Trump threatened to impose 100% tariffs on Chinese goods following the China’s move to tighten restrictions on rare earth exports. 

On the global front, all Asian equity markets were trading lower as investors await for corporate earnings reports from prominent U.S. companies and guidance from the U.S. Federal Reserve. European equity markets were trading higher after France reappointed Prime Minister Sebastien Lecornu and unveiled his cabinet amid budget turmoil that is scaring businesses and investors.

The BSE Sensex is currently trading at 82431.90, down by 68.92 points or 0.08% after trading in a range of 82043.14 and 82438.50. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.14%, while Small cap index was down by 0.36%.

The few gaining sectoral indices on the BSE were Bankex up by 0.29%, Utilities up by 0.18%, Healthcare up by 0.03% and Realty up by 0.03%, while Capital Goods down by 0.88%, FMCG down by 0.74%, IT down by 0.67%, Industrials down by 0.57% and Consumer Durables down by 0.53% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 2.24%, Axis Bank up by 1.05%, Bharti Airtel up by 0.96%, Bajaj Finance up by 0.66% and Bajaj Finserv up by 0.59%. On the flip side, Tata Motors down by 2.30%, Hindustan Unilever down by 1.48%, Power Grid Corporation down by 1.02%, Bharat Electronics down by 0.91% and Infosys down by 0.88% were the top losers.

Meanwhile, India and the UK have forged a strategic partnership to advance digital inclusion and shape the future of secure and innovative communications. The India-UK Connectivity and Innovation Centre will bring together complementary strengths in UK and Indian innovation in advanced connectivity - linking cutting-edge research at universities, with lab testing and field trials, through to market deployment. The initiative will create new commercial opportunities by enabling industry partners to innovate, test and scale products with a pathway to market adoption.

Over the next four years, a critical period when the technological and commercial parameters for 6G will take shape, the Centre will drive advancements in three key areas: Transforming telecom with AI; Non-terrestrial networks (NTNs); and Telecoms Cybersecurity. Connectivity and telecommunication technologies critically underpin economies and societies. Developing them together on a single platform is expected to bring economic and security benefits to both countries.

India and the UK have committed a combined initial 24 million pound over four years to advance this initiative. This funding will support applied research among established UK and Indian research centres, industry-academic partnerships, joint testbeds, and targeted collaboration in global technical standards development. This initiative, delivered as part of the UK-India Technology Security Initiative jointly by UKRI (UK Research and Innovation) and DoT (The Department of Telecommunications), stands as a flagship example of the UK-India Research and Innovation Corridor in action, and reflects the shared ambition set out in the India-UK 2035 Vision.

The CNX Nifty is currently trading at 25247.30, down by 38.05 points or 0.15% after trading in a range of 25152.30 and 25267.30. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Adani Ports & SEZ up by 1.92%, Bajaj Auto up by 1.24%, Axis Bank up by 0.87%, Bharti Airtel up by 0.87% and Interglobe Aviation up by 0.87%. On the flip side, Tata Motors down by 2.50%, Hindustan Unilever down by 1.46%, Wipro down by 1.38%, Power Grid Corporation down by 1.05% and Infosys down by 1.04% were the top losers.

All Asian equity markets were trading lower; Nikkei 225 slipped 491.64 points or 1.02% to 48,088.80, Hang Seng declined 427.32 points or 1.65% to 25,863.00, Taiwan Weighted lost 378.5 points or 1.41% to 26,923.42, Straits Times fell 34.27 points or 0.77% to 4,392.79, KOSPI dropped 26.05 points or 0.73% to 3,584.55, Jakarta Composite plunged 22.39 points or 0.27% to 8,235.47 and Shanghai Composite weakened 7.53 points or 0.19% to 3,889.50.

European equity markets were trading higher; UK’s FTSE 100 increased 9.99 points or 0.11% to 9,437.46, France’s CAC rose 31.4 points or 0.4% to 7,949.40 and Germany’s DAX gained 124.24 points or 0.51% to 24,365.70.

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