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Key gauges trade lower in morning deals
Oct-28-2025

Indian equity benchmarks erased initial gains and were trading lower in morning deals, tracking muted show in Asia markets. Traders remained cautious as exchange data showed Foreign Institutional Investors (FIIs) offloaded equities worth Rs 55.58 crore on Monday. Some concern also came as the National Council of Applied Economic Research (NCAER) in its latest Business Expectations Survey stated that business sentiments in India moderated in the second quarter of the current fiscal year (Q2FY26), following three consecutive quarters of improvement, amid high global uncertainties, including additional US tariffs. Separately, India and the 27-nation bloc European Union have reviewed the progress of the ongoing negotiations for the proposed free trade agreement (FTA). On the global front, Asian markets are trading mostly in red as investors are focusing on upcoming earnings reports from major tech companies and the Federal Reserve's policy decision on Wednesday for further cues. 

The BSE Sensex is currently trading at 84455.52, down by 323.32 points or 0.38% after trading in a range of 84394.00 and 84986.94. There were 6 stocks advancing against 24 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.02%, while Small cap index was up by 0.13%.

The top gaining sectoral indices on the BSE were Metal up by 0.97%, Basic Materials up by 0.47%, Auto up by 0.19%, Telecom up by 0.05% and Consumer Discretionary up by 0.01%, while Realty down by 1.06%, Utilities down by 0.57%, IT down by 0.52%, Power down by 0.52% and Consumer Durables down by 0.49% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.10%, Tata Motors up by 0.54%, Kotak Mahindra Bank up by 0.38%, Maruti Suzuki up by 0.32% and Eternal up by 0.19%. On the flip side, Bajaj Finserv down by 1.51%, ICICI Bank down by 1.35%, Bajaj Finance down by 1.26%, Power Grid Corporation down by 0.81% and Tech Mahindra down by 0.71% were the top losers.

Meanwhile, Union Electronics and IT Minister Ashwini Vaishnaw has said that the government has approved seven projects worth Rs 5,532 crore, out of 249 proposals received under the Electronics Components Manufacturing Scheme. He said the production of electronics components from the approved projects is likely to reduce the import bill of around Rs 20,000 crore.

Moreover, he stated that proposals for the manufacturing of multi-layer printed circuit boards (PCBs) or motherboard base, camera modules, copper laminates, and polypropylene films (used in capacitors for consumer electronics) have been approved. Approvals have been granted for four projects from the Kaynes Group, and one project each from Syrma Group, Ascent Circuits of Amber Group, and SRF. Kaynes' four projects at an investment of Rs 3,280 crore comprise the production of multi-layer PCBs worth Rs 4,300 crore, camera module sub-assembly worth Rs 12,630 crore and HDI (High-Density Interconnect) PCBs worth Rs 6,875 crore.

The Ascent Circuits project, entailing Rs 991 crore investment, is likely to produce multi-layer PCB worth Rs 7,847 crore, Syrma Strategic Electronics' Rs 765 crore investment would make multi-layer PCB worth Rs 6,933 crore, and SRF's investment proposal of Rs 496 crore is estimated to produce polypropylene film worth Rs 1,311 crore.  Vaishnaw said the PCB projects approved in the initial phase will meet 27 per cent of the total domestic demand and 15 per cent of the camera modules requirement. He said that first copper laminates and polypropylene films used in capacitors will be made in India, and they will meet 100 per cent of the domestic demand.

The CNX Nifty is currently trading at 25891.15, down by 74.90 points or 0.29% after trading in a range of 25865.05 and 26041.70. There were 14 stocks advancing against 33 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 2.11%, Hindalco up by 1.53%, SBI Life Insurance up by 1.23%, Eicher Motors up by 1.15% and HDFC Life Insurance up by 0.66%. On the flip side, ICICI Bank down by 1.30%, Bajaj Finance down by 1.17%, Bajaj Finserv down by 1.10%, Nestle down by 0.94% and Power Grid Corporation down by 0.79% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 348.32 points or 0.69% to 50,164.00, Taiwan Weighted lost 58.13 points or 0.21% to 27,935.50, Jakarta Composite plunged 28.35 points or 0.35% to 8,088.80 and KOSPI dropped 55.36 points or 1.37% to 3,987.47.

On the flip side, Shanghai Composite strengthened 1.77 points or 0.04% to 3,998.71, Hang Seng advanced 37.3 points or 0.14% to 26,471.00 and Straits Times rose 30.41 points or 0.68% to 4,470.71.
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