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Bourses trim some losses in early afternoon session
Oct-24-2025

Indian markets trimmed some of their losses but continued to trade in red. Traders were cautious ahead of Fed interest rate decision, which is due on October 28. Investors overlooked the Commerce and Industry Minister Piyush Goyal’s statement that talks between India and the United States (US) for the proposed trade agreement are progressing, and expressed hope that both sides would work towards a fair and equitable agreement in the near future. Besides, commerce ministry said India and Germany have discussed ways to enhance cooperation in areas including trade, investment, technology, green energy, and skilling. On the global front, Asian markets were trading in green as Japan's leading index increased less than estimated in August to the highest level in five months. The leading index, which measures future economic activity, rose to 107.0 in August from 106.1 in the previous month. The flash score was 107.4.

The BSE Sensex is currently trading at 84455.64, down by 100.76 points or 0.12% after trading in a range of 84201.96 and 84707.44. There were 13 stocks advancing against 17 stocks declining on the index.

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

The top gaining sectoral indices on the BSE were Metal up by 1.24%, Realty up by 0.94%, Oil & Gas up by 0.83%, Energy up by 0.69% and Capital Goods was up by 0.55%, while FMCG down by 0.82%, Healthcare down by 0.61%, Bankex down by 0.53%, Auto down by 0.22% and Consumer discretionary was down by 0.17% were the top losing indices on BSE.

The top gainers on the Sensex were ICICI Bank up by 1.13%, Bharti Airtel up by 0.96%, Bharat Electronics up by 0.87%, Reliance Industries up by 0.59% and Sun Pharma up by 0.52%. On the flip side, Hindustan Unilever down by 3.41%, Kotak Mahindra Bank down by 2.30%, Ultratech Cement down by 1.51%, Axis Bank down by 1.37% and Adani Ports down by 1.36% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that talks between India and the United States (US) for the proposed trade agreement are progressing, and expressed hope that both sides would work towards a fair and equitable agreement in the near future. An Indian official team, headed by Commerce Secretary Rajesh Agrawal, was in Washington to hold trade talks with their US counterparts. The three-day talks ended on October 17, 2025. 

In February 2025, leaders of India and the US directed officials to negotiate a proposed Bilateral Trade Agreement (BTA). They have fixed a deadline to conclude the first tranche of the pact by the fall (October-November) of 2025. So far, five rounds of negotiations have been completed. Last month, Goyal also led an official delegation to New York for trade talks. These deliberations are important as the relations between the two countries have been reeling under severe stress after the Trump administration imposed a steep 50 per cent tariff on Indian goods. It includes a 25 per cent additional import duty for buying Russian crude oil. India has described these duties as ‘unfair, unjustified and unreasonable’.

The talks halted for a brief period after the US announced high tariffs on Indian goods. After a brief gap, Assistant US Trade Representative for South and Central Asia Brendan Lynch held talks with Indian officials in New Delhi on September 16, 2025. In that meeting, both sides agreed to push for an early and mutually beneficial conclusion of the agreement. The proposed pact aims to more than double the bilateral trade to $500 billion by 2030 from the current $191 billion.

The CNX Nifty is currently trading at 25868.20, down by 23.20 points or 0.09% after trading in a range of 25783.75 and 25944.15. There were 23 stocks advancing against 27 stocks declining on the index.

The top gainers on Nifty were Hindalco up by 3.68%, ONGC up by 1.87%, ICICI Bank up by 1.17%, Bharti Airtel up by 1.13% and Shriram Finance up by 1.09%. On the flip side, Hindustan Unilever down by 3.47%, Cipla down by 3.09%, Kotak Mahindra Bank down by 2.27%, Max Healthcare Inst down by 1.68% and Ultratech Cement down by 1.52% were the top losers.

Asian markets were trading in green; Nikkei 225 surged 618.39 points or 1.26% to 49,260.00, Hang Seng advanced 206.02 points or 0.79% to 26,174.00, KOSPI increased 96.03 points or 2.44% to 3,941.59, Jakarta Composite gained 38.22 points or 0.46% to 8,312.57, Shanghai Composite strengthened 27.9 points or 0.71% to 3,950.31 and Straits Times was up by 13.01 points or 0.29% to 4,429.28.
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