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Markets continue to trade higher in late trade
Oct-17-2025

Indian equity markets pared some gains in late trade amid weakness in IT sector stocks. However, markets continued to trade higher as investors remained optimistic about India’s FTAs talks after Commerce and Industry Minister Piyush Goyal said that India is in active dialogue for free trade agreements (FTAs) with nations including the US, Oman, and the EU. Further, fund inflows by Foreign Institutional Investors (FIIs) kept the trading sentiments upbeat. The FIIs were the net buyer in the equity segment on yesterday’s trade with net buying of Rs 997.29 crore. 

On the global front, Asian equity markets were trading mostly in red as escalating Sino-U.S. trade tensions continued to weigh on global investors’ sentiments. European equity markets were trading lower amid renewed concerns about the health of the U.S. banking sector.

The BSE Sensex is currently trading at 83917.73, up by 450.07 points or 0.54% after trading in a range of 83206.08 and 84172.24. There were 16 stocks advancing against 14 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.43%, while Small cap index was down by 0.45%.

The top gaining sectoral indices on the BSE were Consumer Durables up by 1.61%, FMCG up by 1.32%, Telecom up by 0.58%, Healthcare up by 0.54% and Auto up by 0.44%, while IT down by 1.62%, Metal down by 0.79%, Basic Materials down by 0.64%, TECK down by 0.47% and Industrials down by 0.45% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 4.23%, Bharti Airtel up by 2.71%, Mahindra & Mahindra up by 2.10%, ITC up by 2.00% and Hindustan Unilever up by 1.60%. On the flip side, Infosys down by 2.27%, HCL Technologies down by 1.62%, Eternal down by 1.54%, Tech Mahindra down by 1.35% and Tata Steel down by 1.06% were the top losers.

Meanwhile, rating agency ICRA in its latest report has said that global capability centres (GCCs) are likely to incrementally lease 50-55 million square feet (msf) of Grade A office space during FY2026-FY2027, potentially contributing 38-40% to the top six markets’ (Bengaluru, Chennai, Delhi National Capital Region (NCR), Hyderabad, Mumbai Metropolitan Region (MMR), and Pune) overall office demand. 

According to the report, the number of GCCs is expected to rise from ar1,700 at present to more than 2,500 by 2030, generating over $100 billion in revenue and scaling workforce capacity by 1.5-2.0 times. The rating agency noted that the rapid expansion of GCCs has emerged as one of the key growth drivers for India’s commercial office real estate sector in recent years. Their incremental demand for leased space signals a strong long-term commitment and strategic growth by global enterprises in India. Several states are also introducing targeted subsidies, training incentives and infrastructure support to further accelerate GCC investments.

The report also highlighted that the US-based GCCs have led Grade A office space demand in India, accounting for 70% of total GCC absorption since 2021. While the US market remains dominant, players from the UK, Germany, France, Japan, Australia, and Singapore are steadily increasing their presence. Global firms prefer cities with strong talent pool and established ecosystems, with 65% of new leasing taking place in green-certified integrated tech parks. It said despite global headwinds stemming from policy tightening (trade restrictions) in the US, office leasing activities by GCCs in India remained buoyant in H1 FY2026.

The CNX Nifty is currently trading at 25705.45, up by 120.15 points or 0.47% after trading in a range of 25508.60 and 25781.50. There were 27 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 4.48%, Bharti Airtel up by 2.72%, Max Healthcare Inst up by 2.19%, Mahindra & Mahindra up by 2.05% and ITC up by 1.96%. On the flip side, Wipro down by 5.14%, Infosys down by 2.26%, HCL Technologies down by 1.63%, Tech Mahindra down by 1.37% and Eternal down by 1.32% were the top losers.

Asian equity markets were trading mostly in red; Nikkei 225 slipped 722.74 points or 1.52% to 47,555.00, Hang Seng declined 656.51 points or 2.6% to 25,232.00, Taiwan Weighted lost 345.5 points or 1.27% to 27,302.37, Straits Times fell 38.26 points or 0.88% to 4,317.94, Shanghai Composite weakened 76.47 points or 1.99% to 3,839.76 and Jakarta Composite plunged 200.83 points or 2.53% to 7,923.93, while KOSPI increased 0.52 points or 0.01% to 3,748.89.

European equity markets were trading lower; UK’s FTSE 100 decreased 143.34 points or 1.52% to 9,292.75, France’s CAC fell 70.79 points or 0.86% to 8,117.80 and Germany’s DAX lost 522.39 points or 2.15% to 23,749.80.
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