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Markets hover near neutral lines in late trade
Nov-28-2025

Indian equity markets hovered near the neutral lines during late afternoon session. Investors took cautious approach ahead of release of India’s second quarter GDP data, Industrial production data and Manufacturing production data. Besides, fund outflows by Foreign Institutional Investors (FIIs) weighed on trading sentiments. The FIIs were net sellers on Thursday’s session, offloading equities worth Rs 1,255.20 crore. However, markets took some support as Moody’s Ratings said that with a 7% GDP expansion in 2025 and 6.4% in the next year, India will lead growth among emerging markets and across the Asia Pacific region. It also said that India's domestic growth drivers underpin its economic resilience amid global uncertainty.

On the global front, Asian equity markets were trading mixed as China industrial profits data disappointed and China Vanke proposed to delay repayment of an onshore bond, rekindling worries about China's property market. European equity markets were trading mostly in red after German retail sales dropped unexpectedly in October.

The BSE Sensex is currently trading at 85749.33, up by 28.95 points or 0.03% after trading in a range of 85577.82 and 85969.89. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.08%, while Small cap index was down by 0.08%.

The top gaining sectoral indices on the BSE were Auto up by 0.53%, Healthcare up by 0.27%, Metal up by 0.24%, Consumer Discretionary up by 0.21% and FMCG up by 0.18%, while Oil & Gas down by 0.93%, Power down by 0.64%, Telecom down by 0.64%, Energy down by 0.60% and Utilities down by 0.42% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.94%, Sun Pharmaceutical Industries up by 1.10%, SBI up by 1.03%, Adani Ports & SEZ up by 0.83% and Tech Mahindra up by 0.79%. On the flip side, Power Grid Corporation of India down by 1.35%, Bharat Electronics down by 0.76%, Axis Bank down by 0.67%, Bharti Airtel down by 0.57% and Eternal down by 0.55% were the top losers.

Meanwhile, Agriculture Secretary Devesh Chaturvedi has said that the government will prioritise green fuel-based farm machinery and enhance access to mechanisation for small and marginal farmers as part of India's vision to become a global food basket by 2047. He said mechanisation is crucial for achieving the four key objectives of increasing farmers' income -- reducing farming costs, boosting productivity, improving price realisation through value addition, and building climate resilience.

The agriculture secretary said ‘over the next 5-10 years, we should shift our technologies towards green fuels -- whether electrically operated tractors or machines running on CBG (compressed biogas) available from rural CBG plants.’ He said this transition will bring down both maintenance and operational costs for farmers, and government schemes will increasingly prioritise green fuel-based technologies.

He further said the mechanisation sector received a major boost from recent GST reforms, which directly benefited farmers by lowering equipment costs. He said the Central Ministry is running several schemes under the Sub-Mission on Agricultural Mechanisation, providing subsidised equipment to individual farmers, cooperatives and farmer producer organisations. He noted that there are significant regional disparities in mechanisation, with some states advancing rapidly while others lag behind. He said since 90 per cent of farmers in this country are small and marginal farmers, the machinery coming into India should be adapted not only for large farms but also for small and marginal farms.

The CNX Nifty is currently trading at 26211.05, down by 4.50 points or 0.02% after trading in a range of 26172.40 and 26280.75. There were 23 stocks advancing against 27 stocks declining on the index.

The top gainers on Nifty were Mahindra & Mahindra up by 1.97%, Adani Enterprises up by 1.43%, Sun Pharmaceutical Industries up by 1.07%, SBI up by 1.03% and Adani Ports & SEZ up by 0.79%. On the flip side, SBI Life Insurance Company down by 1.93%, Shriram Finance down by 1.87%, HDFC Life Insurance down by 1.66%, Power Grid Corporation of India down by 1.35% and Tata Consumer Products down by 0.87% were the top losers.

Asian equity markets were trading mixed; Nikkei 225 surged 52.9 points or 0.11% to 50,220.00, Taiwan Weighted added 71.95 points or 0.26% to 27,626.48, Straits Times rose 19.11 points or 0.42% to 4,528.45 and Shanghai Composite strengthened 13.34 points or 0.34% to 3,888.60, while Hang Seng declined 30.93 points or 0.12% to 25,915.00, KOSPI dropped 60.32 points or 1.54% to 3,926.59 and Jakarta Composite plunged 38 points or 0.45% to 8,507.87.

European equity markets were trading mostly in red; France’s CAC fell 5.07 points or 0.06% to 8,094.40 and Germany’s DAX lost 34.46 points or 0.14% to 23,733.50, while UK’s FTSE 100 increased 10.12 points or 0.1% to 9,704.05.

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