HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Markets remain lackluster in late trade
Dec-01-2025

Indian equity markets remained lackluster in late afternoon session. Markets traded near their neutral lines as traders took a cautious approach after India's manufacturing industry witnessed a slowdown in the growth during the month of November, as new export orders rose at the weakest pace in over a year. A softer rise in sales also restricted growth of buying volumes and job creation, while positive sentiment towards output prospects slipped to its lowest level since mid-2022. Besides, Indian rupee touching its all-time low of 89.76 against US dollar weighed on investors’ sentiments. However, losses were limited with market participants remaining optimistic about country’s economic resilience as India’s Chief Economic Adviser (CEA) V Anantha Nageswaran expressed optimism that India's economic growth will exceed 7% this fiscal (FY26) and the size of the GDP will cross the $4 trillion mark.

On the global front, Asian equity markets were trading mixed amid a slight shrink in China's manufacturing activity and Governor of Bank of Japan indicating that the bank is likely to tighten its monetary policy this month. European equity markets were trading lower as investors awaited key U.S. economic data as well as early holiday spending signals from Black Friday and Cyber Monday.

The BSE Sensex is currently trading at 85705.50, down by 1.17 points after trading in a range of 85550.74 and 86159.02. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index declined 0.14%, while Small cap index was up by 0.23%.

The top gaining sectoral indices on the BSE were Auto up by 0.93%, Metal up by 0.56%, IT up by 0.33%, Consumer Discretionary up by 0.32% and Energy up by 0.26%, while Realty down by 0.80%, Consumer Durables down by 0.66%, Healthcare down by 0.39%, FMCG down by 0.24% and Telecom down by 0.17% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Motors Passenger Vehicles up by 2.02%, Bharat Electronics up by 1.52%, Kotak Mahindra Bank up by 1.48%, Maruti Suzuki up by 1.31% and HCL Technologies up by 0.71%. On the flip side, Bajaj Finance down by 1.45%, Sun Pharmaceutical Industries down by 1.32%, Titan Company down by 0.86%, SBI down by 0.64% and Bajaj Finserv down by 0.59% were the top losers.

Meanwhile, The Global Trade Research Initiative (GTRI) has said that India's exports to its largest foreign market, the US, have suffered a sharp reversal due to aggressive tariff hikes. It said between May and October 2025, shipments fell 28.5 per cent, from $8.83 billion to $6.31 billion. The decline followed a rapid escalation in US duties that began at 10 per cent on April 2, rose to 25 per cent on August 7, and reached 50 per cent by late August, making Indian goods among the most heavily taxed of any US trading partner. In comparison, China faced tariffs of about 30 per cent, while Japan dealt with only 15 per cent.

GTRI said tariff-exempt items such as smartphones, pharmaceuticals and petroleum products accounted for 40.3 per cent of October exports but still fell 25.8 per cent, from $3.42 billion in May to $2.54 billion in October -- a contraction of $881 million. It said that products facing uniform global tariffs -- mainly iron, steel, aluminum, copper and auto parts -- formed just 7.6 per cent of shipments in October. Exports in this category fell 23.8 per cent between May and October, sliding from $629 million in May to $480 million in October, or about $149 million. The steepest decline occurred in labour-intensive products where India alone faced 50 per cent tariffs. These goods, which represented 52.1 per cent of October exports, collapsed 31.2 per cent, falling from $4.78 billion to $3.29 billion -- nearly $1.5 billion erased in just five months.

It also said smartphones, India's single biggest product line to the US, suffered a 36 per cent decline, sliding from $2.29 billion in May to $1.50 billion in October -- a loss of almost $790 million. Monthly exports fell consistently from $2 billion in June to $1.52 billion in July, crashed to $ 964.8 million in August, eased further to $884.6 million in September, and finally recovered to $1.5 billion in October. Pharmaceutical exports, also dipped marginally 1.6 per cent, from $745.6 million to $733.6 million. Similarly, petroleum product shipments declined 15.5 per cent, falling from $291 million in May to $246 million in October. Further, it said that labour-intensive sectors such as gems and jewellery, textiles, garments, chemicals, and seafood recorded a dip in the outbound shipments. Chemical exports tumbled 38 per cent, declining from $537 million to $333 million.

The CNX Nifty is currently trading at 26196.95, down by 6.00 points or 0.02% after trading in a range of 26148.95 and 26325.80. There were 27 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Eicher Motors up by 2.43%, Tata Motors Passenger Vehicles up by 2.12%, Bharat Electronics up by 1.55%, Kotak Mahindra Bank up by 1.50% and HCL Technologies up by 1.00%. On the flip side, Interglobe Aviation down by 1.75%, Bajaj Finance down by 1.50%, Sun Pharmaceutical Industries down by 1.41%, Max Healthcare Inst down by 1.09% and Titan Company down by 0.82% were the top losers.

Asian equity markets were trading mixed; Hang Seng advanced 148.11 points or 0.57% to 26,007.00, Straits Times rose 7.82 points or 0.17% to 4,531.78, Shanghai Composite strengthened 25.41 points or 0.65% to 3,914.01 and Jakarta Composite gained 11.67 points or 0.14% to 8,520.38, while Nikkei 225 slipped 966.91 points or 1.96% to 49,287.00, Taiwan Weighted lost 283.95 points or 1.04% to 27,342.53 and KOSPI dropped 6.22 points or 0.16% to 3,920.37.

European equity markets were trading lower; UK’s FTSE 100 decreased 0.76 points or 0.01% to 9,719.75, France’s CAC fell 14.91 points or 0.18% to 8,107.80 and Germany’s DAX lost 137.29 points or 0.58% to 23,699.50.
  RELATED NEWS >>
Most Viewed >>
November 20 , 2025
Allocate 30-70% of your equity portfolio to la
November 19 , 2025
Aditya Birla Sun Life AMC raises Rs.500 crore
November 22 , 2025
17 equity mutual funds offer over 20% return i
November 27 , 2025
Smallcap funds pare core exposure as market va
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.