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Markets continue to trade lower in afternoon session
Dec-02-2025

Indian equity markets continued to trade lower in late afternoon session as traders remained cautious as rupee continued to depreciate against US dollar. The Indian rupee has declined to its record low of 89.92 against the US dollar. Besides, market participants opted to take risk averse approach ahead of Reserve Bank of India’s monitory policy committee meeting and persistent selling by Foreign institutional Investor (FIIs). The FIIs were the net seller on Monday’s session, offloading equities worth Rs 1,171.31 crore. 

On the global front, Asian equity markets were trading mostly in green as investors remained optimistic about Federal Reserve’s rate cut in December. European equity markets were trading higher amid optimism over Ukraine peace talks.

The BSE Sensex is currently trading at 85156.31, down by 485.59 points or 0.57% after trading in a range of 85135.46 and 85553.51. There were 6 stocks advancing against 24 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.25%, while Small cap index was down by 0.54%.

The few gaining sectoral indices on the BSE were Telecom up by 0.40%, Consumer Durables up by 0.22%, Auto up by 0.10% and TECK up by 0.03%, while Energy down by 0.62%, Bankex down by 0.55%, Industrials down by 0.54%, Oil & Gas down by 0.52% and Capital Goods down by 0.52% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 2.46%, Maruti Suzuki up by 0.67%, Bharti Airtel up by 0.65%, NTPC up by 0.41% and Hindustan Unilever up by 0.39%. On the flip side, Reliance Industries down by 1.42%, Axis Bank down by 1.24%, Bharat Electronics down by 1.19%, ICICI Bank down by 1.05% and Adani Ports & SEZ down by 0.99% were the top losers.

Meanwhile, in a significant step towards enhancing ease of doing business in the exploration sector, the Ministry of Coal has simplified the mechanism for approval of exploration programs and Geological Reports (GRs) for coal and lignite blocks prepared by Notified Accredited Prospecting Agencies (APAs) accredited by QCI-NABET and peer-reviewed by another such APA. The new process does not require the approval of Committee constituted by Ministry of Coal in January 2022 for this purpose. 

In the recent reform by expanding and utilising the capabilities of Private Accredited Prospecting Agencies, the Government has demonstrated strong confidence in private exploration entities. This approach seeks to harness their efficiency, technological expertise, and innovation for the sustainable development of India’s coal resources, while ensuring strict transparency and adherence to high technical standards. There will be saving of atleast 3 months in the approval process of the Geological Report resulting in early operationalisation of the block and facilitate the coal block allottees in timely completion of the milestones. The reform is expected to accelerate exploration, reduce approval timelines, and contribute to the long-term security and sustainable utilisation of India’s coal resources.

With such forward-looking reforms, the Ministry of Coal continues to fortify India’s path towards greater energy security and a self-reliant Bharat. By strengthening exploration capabilities and enhancing private sector participation, the Ministry is helping lay the foundation for a robust coal ecosystem that will power the aspirations of a Viksit Bharat in the years ahead and build a stronger, future-ready energy landscape for the Nation.

The CNX Nifty is currently trading at 26038.20, down by 137.55 points or 0.53% after trading in a range of 26028.65 and 26154.60. There were 12 stocks advancing against 38 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 2.50%, Dr. Reddy's Laboratories up by 1.15%, Maruti Suzuki up by 0.85%, Bharti Airtel up by 0.62% and NTPC up by 0.50%. On the flip side, Reliance Industries down by 1.35%, Interglobe Aviation down by 1.33%, Bharat Electronics down by 1.25%, Axis Bank down by 1.25% and Adani Enterprises down by 1.15% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 39.72 points or 0.08% to 49,343.00, Taiwan Weighted added 221.74 points or 0.8% to 27,564.27, Hang Seng advanced 31.74 points or 0.12% to 26,065.00, KOSPI increased 74.56 points or 1.87% to 3,994.93, Straits Times rose 10.26 points or 0.23% to 4,536.48 and Jakarta Composite gained 54.64 points or 0.64% to 8,603.43, while Shanghai Composite weakened 16.3 points or 0.42% to 3,897.71.

European equity markets were trading higher; UK’s FTSE 100 increased 9.29 points or 0.1% to 9,711.82, France’s CAC rose 26.1 points or 0.32% to 8,123.10 and Germany’s DAX gained 109.26 points or 0.46% to 23,698.70.
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