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Bourses continue to reel under pressure in early afternoon session
Oct-28-2025

Indian markets continued to trade under selling pressure in early afternoon session as traders-maintained risk adverse approach. Traders were cautious ahead of India’s Industrial Production data, which going to be out later in day. Traders overlooked finance ministry’s latest report suggesting that India’s growth outlook for FY26 remains strong, supported by domestic demand, lower inflation, monetary easing, and the positive effects of GST reforms despite global economic and trade policy uncertainties. It added that despite of global uncertainties, country’s economy gained momentum in Q2 FY26. On the global front, Asian markets were trading mostly in red ahead of the monetary policy announcements from the European Central Bank, the US Fed and the Bank of Japan this week. 

The BSE Sensex is currently trading at 84385.33, down by 393.51 points or 0.46% after trading in a range of 84227.66 and 84986.94. There were 4 stocks advancing against 26 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.04%, while Small cap index was up by 0.13%. 

The few gaining sectoral indices on the BSE were Metal up by 1.11%, Basic Materials up by 0.40% and Industrials was up by 0.05%, while Consumer Durables down by 0.93%, IT down by 0.87%, Realty down by 0.86%, TECK down by 0.63% and FMCG was down by 0.61% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.29%, SBI up by 0.24%, Larsen & Toubro up by 0.22% and Eternal up by 0.15%. On the flip side, Bajaj Finserv down by 1.53%, ICICI Bank down by 1.36%, Bajaj Finance down by 1.31%, Titan Company down by 1.29% and Tech Mahindra down by 1.23% were the top losers.

Meanwhile, Reserve Bank of India (RBI) Deputy Governor Swaminathan J has acknowledged the critical role of the Micro, Small and Medium Enterprises (MSME) sector and asserted that it is the key driver of India's economic growth and employment generation. Reaffirming the RBI’s commitment to further strengthen the credit ecosystem for MSMEs, he said that Unified Lending Interface (ULI), Account Aggregator framework, and the Regulatory Sandbox are facilitating data-driven and cash-flow-based lending.

During the 30th Meeting of the Standing Advisory Committee (SAC) to review the flow of credit to the MSME sector, he touched upon the recent regulatory measures to ease the difficulties faced by the sector, including the waiver of prepayment charges on floating-rate loans extended to individuals and micro and small enterprises, and the relaxation in reporting under the Export and Import Data Processing and Monitoring Systems (EDPMS/IDPMS) to ease compliance burden for small exporters and importers.

Addressing the challenges of information asymmetry, financial literacy gaps, and delayed payments, the Deputy Governor emphasised the need to promote wider adoption of digital solutions like the Trade Receivables Discounting System (TReDS), encourage alternative credit assessment models, and ensure fair, transparent, and empathetic lending practices for the promotion of rehabilitation of distressed but viable units. He also urged MSME associations to play a greater role in capacity building and bridging information gaps to help enterprises better leverage formal financial channels.

The CNX Nifty is currently trading at 25868.35, down by 97.70 points or 0.38% after trading in a range of 25826.15 and 26041.70. There were 15 stocks advancing against 34 stocks declining on the index, while 1 stock remained unchanged. 

The top gainers on Nifty were Tata Steel up by 2.34%, SBI Life up by 1.82%, JSW Steel up by 1.50%, Hindalco up by 1.27% and HDFC Life Insurance up by 1.06%. On the flip side, Bajaj Finserv down by 1.55%, Bajaj Finance down by 1.34%, Tech Mahindra down by 1.33%, ICICI Bank down by 1.28% and Titan Company down by 1.25% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 316.32 points or 0.63% to 50,196.00, Hang Seng declined 96.7 points or 0.37% to 26,337.00, Jakarta Composite plunged 45.33 points or 0.56% to 8,071.82, Taiwan Weighted lost 44.52 points or 0.16% to 27,949.11, KOSPI dropped 32.42 points or 0.81% to 4,010.41 and Shanghai Composite was down by 9.29 points or 0.23% to 3,987.65. On the flip side, Straits Times was up by 18.04 points or 0.41% to 4,458.34.
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