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EQUITY
Post Session: Quick Review
Dec-08-2025

Indian equity benchmarks ended sharply lower on Monday, as traders stayed on the sidelines ahead of the U.S. Federal Reserve’s rate decision later this week, where a cut is widely expected. Indices made a negative start and extended their losses throughout the session, pressured by persistent foreign fund outflows and broad-based selling across sectors.

Some of the important factors in trade:

India’s forex reserves drop by $1.88 billion to $686 billion: Some cautiousness came as RBI said that India's forex reserves dropped by $1.88 billion to $686.23 billion during the week ended November 28.

Sustained foreign fund outflows: Sentiments remained downbeat as Foreign institutional investors (FIIs) offloaded equities worth Rs 438.90 crore on Friday, according to exchange data. 

Russia agrees to give greater market access to Indian goods: Market participants overlooked the reports showing Russia has agreed to give greater market access to Indian goods to address India’s concerns over the increasing trade deficit in Moscow’s favour as boosting economic cooperation was the central focus of summit talks between Prime Minister Narendra Modi and Russian President Vladimir Putin.  

Global front: European markets were trading mostly in green ahead of interest-rate decisions from the U.S. Federal Reserve, the Swiss National Bank, the Reserve Bank of Australia and the Bank of Canada this week. Asian markets ended mixed as investors were cautious after French President Emmanuel Macron raised the prospect of imposing tariffs on Chinese goods.

The BSE Sensex ended at 85102.69, down by 609.68 points or 0.71% after trading in a range of 84875.59 and 85722.97. There was 1 stock advancing against 29 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 1.73%, while Small cap index down by 2.20%. (Provisional)

The top losing sectoral indices on the BSE were Realty down by 3.50%, Capital Goods down by 2.83%, Telecom down by 2.53%, PSU down by 2.26% and Industrials down by 2.21%, while there were no gaining sectoral indices. (Provisional) 

The only gainer on the Sensex was Tech Mahindra up by 1.32%. On the flip side, Bharat Electronics down by 4.88%, Eternal down by 2.53%, Trent down by 2.48%, Tata Steel down by 2.21% and Bajaj Finance down by 2.14% were the top losers. (Provisional)

Meanwhile, the visiting European Union (EU) team will hold discussions with Commerce and Industry Minister Piyush Goyal on December 8, 2025 on the progress of negotiations on the proposed free trade agreement (FTA). The meeting is important as both sides are eager to conclude the negotiations as early as possible. The team, led by EU's Directorate-General for Trade Sabine Weyand, is for iron out differences on issues pertaining to both goods and services. They have fixed the year-end deadline to conclude talks. Differences that still need to be ironed out in certain areas such as steel, carbon tax, automobiles and non-tariff barriers.

In June 2022, India and the 27-nation EU bloc resumed negotiations for a comprehensive FTA, an investment protection agreement and a pact on geographical indications after a gap of over eight years. It was stalled in 2013 due to differences on the level of opening up markets. India's bilateral trade in goods with the EU was $136.53 billion in 2024-25 (exports worth $75.85 billion and imports worth $60.68 billion), making it the largest trading partner for goods. 

The EU market accounts for about 17 per cent of India's total exports, and the bloc's exports to India constitute 9 per cent of its total overseas shipments. Besides demanding significant duty cuts in automobiles and medical devices, the EU wants tax reduction in other products like wine, spirits, meat, poultry, and a strong intellectual property regime. Indian goods' exports to the EU, such as readymade garments, pharmaceuticals, steel, petroleum products, and electrical machinery, can become more competitive if the pact sails through.

The CNX Nifty ended at 25960.55, down by 225.90 points or 0.86% after trading in a range of 25892.25 and 26178.70. There were 4 stocks advancing against 46 stocks declining on the index. (Provisional)

The top gainers on Nifty were Tech Mahindra up by 1.29%, Wipro up by 0.42%, HCL Technologies up by 0.33% and Reliance Industries up by 0.16%. On the flip side, Interglobe Aviation down by 8.32%, Bharat Electronics down by 5.04%, JSW Steel down by 3.71%, Nestle down by 2.56% and Shriram Finance down by 2.52% were the top losers. (Provisional)

European markets were trading mostly in green; Germany’s DAX gained 28.66 points or 0.12% to 24,056.80 and UK’s FTSE 100 increased 4.04 points or 0.04% to 9,671.05, while France’s CAC fell 11.64 points or 0.14% to 8,103.10.

Asian markets settled mixed on Monday as investors looked ahead to the Federal Reserve's interest-rate decision, with markets pricing a near 90% chance of another 25bp cut on Wednesday. Chinese shares gained as new regulatory measures boosted the brokerage and insurance sectors, while better-than-expected trade data for November also supported sentiments. Chinese customs data showed that China’s exports reached $330 billion in November, up by 5.9% year on year, reversing a 1.1% contraction posted in October and beating expectations. While, imports for the month expanded by 1.9% to $218.7 billion, faster than the 1% growth in the previous month. Consequently, the trade balance showed a surplus of around $112 billion in November, above forecasts and pushing the annual surplus above $1 trillion for the first time. Hong Kong shares declined as tensions between China and Japan escalated after Japan accused Chinese fighter jets of aiming radar at its aircraft near Okinawa. But China denied the claim and saying Japanese jets provoked their navy. Japanese shares ended flat after data showed that the Japan's economy contracted more than initially estimated last quarter, primarily due to weak capital spending.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,924.08

21.27

0.54

Hang Seng

25,765.36

-319.72

-1.23

Jakarta Composite

8,710.70

77.94

0.89

KLSE Composite

1,612.78

-3.74

-0.23

Nikkei 225

50,581.94

-90.07

-0.18

Straits Times

4,507.08

-24.28

-0.54

KOSPI Composite

4,154.85

54.80

1.34

Taiwan Weighted

28,303.78

322.89

1.15
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