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Key gauges extend losses in morning deals
Oct-24-2025

Indian equity benchmarks extended losses in morning deals, amid profit-taking after almost a week-long rally and fresh foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,165.94 crore on Thursday, according to exchange data. Traders remained cautious as India’s flash Purchasing Managers’ Index (PMI) data report showed that private sector activity in India continued to increase sharply in October, but growth lost momentum amid a slowdown in the service economy. The HSBC Flash India Composite Output Index - a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors - fell to 59.9 in October from 61.0 in September. Sector-wise, leather industry’s stocks remained in watch as a report by Crisil Ratings said revenues of Indian leather and allied product firms will decline by 10-12 per cent this fiscal following the steep 50 per cent tariffs imposed by the US. On the global front, Asian markets are trading mostly in green as a planned meeting between Donald Trump and Xi Jinping eased nerves around trade tensions. 

The BSE Sensex is currently trading at 84342.95, down by 213.45 points or 0.25% after trading in a range of 84295.14 and 84707.44. There were 8 stocks advancing against 22 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index rose 0.09%, while Small cap index was down by 0.14%.

The top gaining sectoral indices on the BSE were Metal up by 1.54%, Capital Goods up by 0.41%, Basic Materials up by 0.40%, Oil & Gas up by 0.38% and Realty up by 0.31%, while FMCG down by 1.19%, Healthcare down by 0.58%, Bankex down by 0.50%, Utilities down by 0.21% and Auto down by 0.19% were the top losing indices on BSE.

The top gainers on the Sensex were ICICI Bank up by 1.17%, Tata Steel up by 1.15%, Bharat Electronics up by 0.54%, Bharti Airtel up by 0.49% and Eternal up by 0.35%. On the flip side, Hindustan Unilever down by 3.41%, Kotak Mahindra Bank down by 2.44%, Adani Ports & SEZ down by 1.20%, Ultratech Cement down by 0.97% and Axis Bank down by 0.91% were the top losers.

Meanwhile, the commerce ministry said India and Germany have discussed ways to enhance cooperation in areas including trade, investment, technology, green energy, and skilling. These issues were discussed during a meeting between Commerce and Industry Minister Piyush Goyal and German Federal Minister of Economy and Energy Katherina Reich in Berlin.

Goyal also met Levin Holle, Economic and Financial Policy Advisor at the Federal Chancellery and Germany's G7 and G20 Sherpa, and discussed ways to further deepen the bilateral economic relationship. He chaired a roundtable with CEOs and leaders of German Mittelstand companies at the Indian Embassy, who conveyed their keenness to do business in India and expand existing investments.

The minister highlighted opportunities offered by India and the measures taken by India to facilitate investments and ease of doing business. The discussions explored synergies and stronger business-to-business linkages, especially in areas of innovation, sustainability, and advanced manufacturing.

The CNX Nifty is currently trading at 25832.15, down by 59.25 points or 0.23% after trading in a range of 25816.10 and 25944.15. There were 16 stocks advancing against 34 stocks declining on the index.

The top gainers on Nifty were Hindalco up by 3.78%, ONGC up by 1.76%, Shriram Finance up by 1.25%, Tata Steel up by 1.17% and ICICI Bank up by 1.16%. On the flip side, Hindustan Unilever down by 3.44%, Cipla down by 2.91%, Kotak Mahindra Bank down by 2.42%, Max Healthcare Inst down by 1.71% and Adani Ports & SEZ down by 1.25% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 649.39 points or 1.34% to 49,291.00, Jakarta Composite gained 38.22 points or 0.46% to 8,312.57, Shanghai Composite strengthened 26.03 points or 0.66% to 3,948.44, KOSPI increased 92.06 points or 2.39% to 3,937.62, Hang Seng advanced 210.02 points or 0.81% to 26,178.00 and Straits Times rose 11.41 points or 0.26% to 4,427.68.
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