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Markets continue to witness gains in late morning deals
Oct-27-2025

Indian equity markets continued to witness gains and were trading higher by over 0.70 percent in late morning deals on account of buying in Bharti Airtel, Reliance Industries, Tata MotorsPassenger, SBI and HCL Technologies companies’ stocks. Meanwhile, broader indices were also trading in green with BSE Small cap index and BSE Mid cap index gaining in the range of 0.35-0.70%. There was encouragement in markets as External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio in Kuala Lumpur, where the two leaders discussed a wide range of issues, including bilateral relations, regional developments, and global challenges. Most of the sectoral indices on BSE were trading in green, with only exception of healthcare counter. Realty, Telecom, Energy, TECK and Oil & Gas counters were the prominent gainers.

On the global front, Asian markets were trading mostly in green as investors cheered progress in U.S.-China trade talks. Back home, in the stock specific development, eClerx Services surged on reporting 31% rise in Q2 consolidated net profit.     

The BSE Sensex is currently trading at 84838.55, up by 626.67 points or 0.74% after trading in a range of 84294.20 and 84874.94. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.63%, while Small cap index up by 0.38%.

The top gaining sectoral indices on the BSE were Realty up by 1.78%, Telecom up by 1.64%, Energy up by 1.16%, TECK up by 1.11%, Oil & Gas up by 1.03%, while Healthcare down by 0.02% was the only losing index on BSE.

The top gainers on the Sensex were Bharti Airtel up by 2.89%, Reliance Industries up by 1.97%, Tata MotorsPassenger up by 1.57%, SBI up by 1.54% and HCL Technologies up by 1.47%. On the flip side, Bharat Electronics down by 1.22%, Adani Ports down by 1.17%, Kotak Mahindra Bank down by 1.02%, Infosys down by 0.97% and Bajaj Finance down by 0.95% were the top losers. 

Meanwhile, the industry body Indian Leather Products Association (ILPA) has indicated that the exports of leather and leather goods from India may decline by 7% to 8% in the fiscal year 2025-26 due to the impact of steep US tariffs. However, it added that the industry has showed resilience as the fast-growing domestic market provides buffer against tariff impact and stabilise the overall turnover. Further, industry leaders are hopeful that robust growth in the domestic market will help offset losses, and could even lead to an overall gain in 2026-27. The total leather exports from India stood at $5.7 billion in the fiscal last year.

ILPA highlighted that the current global environment - marked by the lingering effects of COVID-19, the Russia-Ukraine war, logistical disruptions through the Suez Canal, and new US tariff measures - has dampened export prospects. Nevertheless, it noted that the strong domestic economy, supported by one of the world’s fastest growth rates and an expanding base of affluent consumers, has been driving local demand. Besides, the sector’s pivot toward the domestic market has been aided by policy support. The central government has signed free trade agreements with Australia, UK, UAE, and Japan, and negotiations are underway with the European Union. At the state level, exporters have benefited from initiatives that provide platforms for local retail sales.

In spite of cumulative US tariffs of up to 58%, including reciprocal and penal tariffs, the industry body said that American importers continue to place strong orders with Kolkata-based exporters. It also noted that the continued trust is attributed to the quality and sustainability of Indian leather goods, which remain much preferred over those made in China or Vietnam.

The CNX Nifty is currently trading at 25977.85, up by 182.70 points or 0.71% after trading in a range of 25827.00 and 25986.95. There were 37 stocks advancing against 13 stocks declining on the index.

The top gainers on Nifty were SBI Life up by 3.53%, Bharti Airtel up by 2.97%, Reliance Industries up by 1.98%, Shriram Finance up by 1.98% and Tata MotorsPassenger up by 1.61%. On the flip side, Bharat Electronics down by 1.13%, Kotak Mahindra Bank down by 1.05%, Adani Ports down by 0.99%, Bajaj Finance down by 0.97% and Infosys down by 0.94% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 1150.35 points or 2.33% to 50,450.00, Taiwan Weighted added 461.37 points or 1.65% to 27,993.63, Shanghai Composite strengthened 35.98 points or 0.91% to 3,986.29, KOSPI increased 91.12 points or 2.26% to 4,032.71, Hang Seng advanced 262.85 points or 1% to 26,423.00 and Straits Times rose 20.44 points or 0.46% to 4,442.65. However, Jakarta Composite plunged 243.38 points or 3.03% to 8,028.34.
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