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Key gauges trade marginally lower in morning deals
Nov-06-2025

Indian equity benchmarks were trading marginally lower in morning deals, amid selling pressure from foreign investors. Foreign institutional investors sold equities worth Rs 1,067.01 crore on Tuesday, according to exchange data. However, losses remain capped as traders took some support with Finance Minister Nirmala Sitharaman exuding confidence that the government will meet the fiscal deficit target of 4.4 per cent of the GDP for the year ending March 2026. The Union Budget presented in Parliament in February by the Finance Minister had pegged the fiscal deficit at Rs 15.69 lakh crore, or 4.4 per cent, of the GDP in 2025-26 against 4.8 per cent in 2024-25. On the global front, Asian markets are trading higher, reversing a steep selloff from the previous session after better-than-expected US economic data drew investors back into markets trading near record highs.  

The BSE Sensex is currently trading at 83386.85, down by 72.30 points or 0.09% after trading in a range of 83366.78 and 83846.35. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.81%, while Small cap index was down by 1.25%.

The top gaining sectoral indices on the BSE were Consumer Durables up by 0.61%, Energy up by 0.07% and FMCG up by 0.06%, while Metal down by 2.13%, Basic Materials down by 1.71%, Utilities down by 1.60%, Power down by 1.41% and Healthcare down by 0.91% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 5.02%, Reliance Industries up by 1.62%, SBI up by 0.54%, TCS up by 0.42% and Maruti Suzuki up by 0.39%. On the flip side, Power Grid Corporation down by 2.69%, Eternal down by 1.79%, Bharti Airtel down by 1.15%, Bajaj Finance down by 1.14% and Sun Pharma down by 1.11% were the top losers.

Meanwhile, Finance Minister Nirmala Sitharaman has exuded confidence that the government will meet the fiscal deficit target of 4.4 per cent of the GDP for the year ending March 2026. The Union Budget presented in Parliament in February by the Finance Minister had pegged the fiscal deficit at Rs 15.69 lakh crore, or 4.4 per cent, of the GDP in 2025-26 against 4.8 per cent in 2024-25.

She said ‘God willing and with every strength and support the Prime Minister gives me, we will be able to meet that fiscal deficit number...That's a commitment made in Parliament, and it's my duty to abide by it.’ The Centre's fiscal deficit stood at 36.5 per cent of the full-year target at the end of the first half of FY26, according to the latest data of the Controller General of Accounts (CGA).

Sitharaman further said that from now onwards, the government's focus will be on the debt-to-GDP ratio. The central government's debt is estimated at 56.1 per cent of the GDP in BE 2025-26, lower than 57.1 per cent of GDP in RE 2024-25. Besides, she added ‘It is important for us and for achieving Viksit Bharat, we need to consciously be on the path of reforming and bringing in prudential fiscal management. That's the responsibility of every finance minister.’

The CNX Nifty is currently trading at 25524.40, down by 73.25 points or 0.29% after trading in a range of 25522.05 and 25679.15. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 4.76%, Reliance Industries up by 1.51%, Interglobe Aviation up by 0.99%, SBI up by 0.50% and TCS up by 0.45%. On the flip side, Hindalco down by 7.26%, Grasim Industries down by 5.70%, Adani Enterprises down by 2.82%, Power Grid Corporation down by 2.72% and Eternal down by 1.87% were the top losers.

All Asian markets are trading higher; Nikkei 225 surged 714.73 points or 1.42% to 50,927.00, Taiwan Weighted added 323.74 points or 1.17% to 28,040.80, Jakarta Composite gained 10.87 points or 0.13% to 8,329.40, Shanghai Composite strengthened 34.93 points or 0.88% to 4,004.18, KOSPI increased 53.14 points or 1.33% to 4,057.56, Hang Seng advanced 420.59 points or 1.62% to 26,356.00 and Straits Times rose 58.94 points or 1.33% to 4,476.06.
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