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Markets extend losses in late trade
Oct-30-2025

Indian equity markets extended losses in late trade as investors reacted to hawkish remarks from Federal Reserve (Fed) Chair Jerome Powell. Although the Fed has lowered the interest rate by 25 basis points as widely expected, Powell's post-meeting remarks partly offset optimism about another rate cut in December. Besides, selling from foreign institutional investors (FIIs) has weighed on trading sentiments. FIIs were net selling on Wednesday’s trade, offloading equities worth Rs 2,540.16 crore. Traders also overlook Chief Economic Advisor (CEA) V Anantha Nageswaran exuding confidence that real Gross Domestic Product (GDP) growth of India is likely to touch 7 per cent in FY26.

On the global front, Asian equity markets were trading mixed after meeting between U.S. President Donald Trump and Chinese President Xi Jinping concluded, with Trump saying there will be a trade deal pretty soon. European equity markets were trading mostly in red after the preliminary estimate from Destatis revealed that the German economy has stagnated in the third quarter.

The BSE Sensex is currently trading at 84511.03, down by 486.10 points or 0.57% after trading in a range of 84384.39 and 84906.95. There were 7 stocks advancing against 23 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.11%, while Small cap index was down by 0.17%.

The few gaining sectoral indices on the BSE were Industrials up by 0.29%, Oil & Gas up by 0.17%, Capital Goods up by 0.10%, Energy up by 0.04%, while Telecom down by 2.36%, TECK down by 1.04%, Metal down by 0.87%, Basic Materials down by 0.68%, Utilities down by 0.60% were the top losing indices on BSE.

The top gainers on the Sensex were Larsen & Toubro up by 1.11%, Bharat Electronics up by 0.71%, Maruti Suzuki up by 0.36%, Adani Ports & SEZ up by 0.18% and Ultratech Cement up by 0.11%. On the flip side, Bharti Airtel down by 1.66%, Power Grid Corporation down by 1.23%, Infosys down by 1.21%, Tech Mahindra down by 1.14% and Bajaj Finserv down by 0.98% were the top losers.

Meanwhile, Minister of Petroleum and Natural Gas, Hardeep Singh Puri, has said that India’s rapid economic growth is closely connected to the progress of its energy and shipping sectors, which together serve as strong pillars of national development. The Minister further said that India’s economy is growing fast, with the GDP now around 4.3 trillion dollars. Nearly half of this comes from the external sector, which includes exports, imports, and remittances. This shows how important trade - and therefore shipping - is for India’s economic progress.

On the energy sector, Puri said that India currently consumes about 5.6 million barrels of crude oil per day, compared to 5 million barrels four and a half years ago. At the present rate of growth, the country will soon reach 6 million barrels per day. He also shared that according to the International Energy Agency, India is expected to contribute nearly 30 percent of the global rise in energy demand in the next two decades, an increase from the earlier estimate of 25 percent. He added that this growing energy requirement will naturally increase India’s need for ships to move oil, gas, and other energy products across the world.

Besides, the Minister said that during 2024-25, India imported around 300 million metric tons of crude and petroleum products and exported about 65 million metric tons. The oil and gas sector alone accounts for nearly 28 percent of India’s total trade by volume, making it the largest single commodity handled by ports. He said that India currently meets about 88 percent of its crude oil and 51 percent of its gas needs through imports, which shows how important the shipping industry is for the country’s energy security.

The CNX Nifty is currently trading at 25877.15, down by 176.75 points or 0.68% after trading in a range of 25864.45 and 26032.05. There were 10 stocks advancing against 39 stocks declining on the index.

The top gainers on Nifty were Coal India up by 1.48%, Larsen & Toubro up by 0.86%, Bharat Electronics up by 0.61%, Nestle up by 0.49% and Ultratech Cement up by 0.37%. On the flip side, Dr. Reddy's Laboratories down by 4.05%, Cipla down by 2.64%, HDFC Life Insurance down by 2.00%, Bharti Airtel down by 1.83% and Interglobe Aviation down by 1.46% were the top losers.

Asian equity markets were trading mixed; Nikkei 225 surged 151.35 points or 0.29% to 51,459.00, Jakarta Composite gained 20.67 points or 0.25% to 8,186.89 and KOSPI increased 5.74 points or 0.14% to 4,086.89, while Hang Seng declined 63.14 points or 0.24% to 26,283.00, Taiwan Weighted lost 7.21 points or 0.03% to 28,287.53, Straits Times fell 6.67 points or 0.15% to 4,433.54 and Shanghai Composite weakened 29.43 points or 0.74% to 3,986.90.

European equity markets were trading mostly in red; Germany’s DAX gained 16.79 points or 0.07% to 24,141.00, while UK’s FTSE 100 decreased 54.14 points or 0.55% to 9,702.00 and France’s CAC fell 20.18 points or 0.25% to 8,180.70.

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