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Markets remain in red during late morning deals
Oct-24-2025

Indian equity markets remained in red and were trading lower with cut of over quarter a percent in late morning deals owing to selling in Hindustan Unilever, Kotak Mahindra Bank, Ultratech Cement, Axis Bank and Titan companies’ stocks. Rising crude oil prices in international market weighed on the domestic sentiments. Oil prices surged after the Trump administration imposed further sanctions on Russia’s two largest crude companies, citing Moscow’s lack of serious commitment to a peace process to end the war in Ukraine. Further, weakness also prevailed in markets as 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. 

On the global front, Asian markets were trading in green following positive cues from the US markets overnight. Back home, on the BSE sectoral front, traders were seen piling up positions in Metal, Capital Goods, Realty, Oil & Gas and Industrials, while selling was witnessed in FMCG, Bankex, Healthcare, Consumer Durables and Auto.

The BSE Sensex is currently trading at 84283.32, down by 273.08 points or 0.32% after trading in a range of 84244.82 and 84707.44. There were 10 stocks advancing against 20 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.08%, while Small cap index down by 0.21%.

The top gaining sectoral indices on the BSE were Metal up by 0.96%, Capital Goods up by 0.53%, Realty up by 0.51%, Oil & Gas up by 0.40%, Industrials up by 0.29%, while FMCG down by 1.13%, Bankex down by 0.70%, Healthcare down by 0.69%, Consumer Durables down by 0.34% and Auto down by 0.33% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 1.00%, ICICI Bank up by 0.84%, Bharti Airtel up by 0.65%, Tata Steel up by 0.46% and Mahindra & Mahindra up by 0.33%. On the flip side, Hindustan Unilever down by 3.44%, Kotak Mahindra Bank down by 2.18%, Ultratech Cement down by 1.60%, Titan down by 1.42% and Axis Bank down by 1.10% were the top losers.

Meanwhile, India’s flash Purchasing Managers’ Index (PMI) data report has 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.

According to the report, new orders placed with private sector companies in India expanded sharply in October but the rate of growth slowed to the weakest in five months. The softer increase in sales stemmed from a loss of growth momentum in the service economy as goods producers registered a slightly quicker rise than in September. International demand for Indian goods and services remained favourable in October, though companies noted a softer upturn than in September. 

Besides, the report showed a moderate expansion in private sector employment across India, with the rate of growth matching that seen in September and therefore being the joint-slowest since April 2024. Several companies left payroll numbers unchanged amid sufficient capacity for current requirements. Further, price trends were mixed, with input costs increasing at the weakest pace since June and charge inflation quickening since September. 

However, the HSBC Flash India Manufacturing PMI - a weighted average of the New Orders, Output, Employment, Suppliers’ Delivery Times and Stocks of Purchases indices - rose from 57.7 in September to a two-month high of 58.4 in October. The latest reading was indicative of a substantial improvement in manufacturing conditions. Businesses remained optimistic regarding growth prospects, though sentiment faded at the start of the third fiscal quarter.

The CNX Nifty is currently trading at 25801.85, down by 89.55 points or 0.35% after trading in a range of 25795.80 and 25944.15. There were 12 stocks advancing against 38 stocks declining on the index.

The top gainers on Nifty were Hindalco up by 3.19%, ONGC up by 1.26%, Shriram Finance up by 1.12%, Bharat Electronics up by 0.81% and ICICI Bank up by 0.81%. On the flip side, Hindustan Unilever down by 3.52%, Cipla down by 2.66%, Kotak Mahindra Bank down by 2.50%, Max Healthcare down by 1.65% and Ultratech Cement down by 1.64% were the top losers.

Asian markets were trading in green; Nikkei 225 surged 682.39 points or 1.4% to 49,324.00, Jakarta Composite gained 38.22 points or 0.46% to 8,312.57, Shanghai Composite strengthened 18.64 points or 0.48% to 3,941.05, KOSPI increased 96.98 points or 2.46% to 3,942.54, Hang Seng advanced 137.02 points or 0.53% to 26,105.00 and Straits Times rose 9.89 points or 0.22% to 4,426.16.
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