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EQUITY
Key gauges end lower on profit booking
Dec-08-2025

Indian equity benchmarks opened weak and drifted lower throughout the session on Monday as investors rushed to take profits amid the unabated selling of stocks by foreign investors. The sustained weakness in the rupee and lingering uncertainty over the India-US trade deal kept investors sentiment fragile. Investors also turned cautious ahead of this week's US Federal Reserve policy decision. 

Some of the important factors in trade:

India’s forex reserves drop by $1.88 billion to $686 billion: RBI said that India's forex reserves dropped by $1.88 billion to $686.23 billion during the week ended November 28. In the previous reporting week, the overall reserves had declined by $4.47 billion to $688.10 billion.

Rupee falls against US Dollar: Indian rupee depreciated against the US dollar, as elevated crude oil prices and persistent foreign fund outflows dented investor sentiments. 

Russia agrees to give greater market access to Indian goods: The reports showed 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.  

Auto stocks in watch: FADA has said that automobile retail sales sustained momentum post festive period with registrations rising 2 per cent year on year in November 2025 led by robust demand for passenger vehicles, three wheelers, commercial vehicles and tractors. 

Global front: European markets were trading mostly in red 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 settled mixed as investors parsed Chinese trade data, navigated deteriorating China-Japan relations and looked ahead to the Federal Reserve's interest-rate decision due on Wednesday.

Finally, the BSE Sensex fell 609.68 points or 0.71% to 85,102.69 and the CNX Nifty was down by 225.90 points or 0.86% to 25,960.55.      

The BSE Sensex touched high and low of 85,722.97 and 84,875.59 respectively. There were 3 stocks advancing against 27 stocks declining on the index.  

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

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 on the BSE. 

The few gainers on the Sensex were Tech Mahindra up by 1.40%, HCL Technologies up by 0.31% and Reliance Industries up by 0.11%. On the flip side, Bharat Electronics down by 4.97%, Eternal down by 2.45%, Trent down by 2.35%, Tata Steel down by 2.18% and Bajaj Finance down by 2.12% were the top losers.

Meanwhile, Union Minister of New and Renewable Energy Pralhad Joshi has emphasized India’s historic clean energy expansion and said that India has recorded its highest-ever addition of non-fossil capacity in the current financial year at 31.25 GW, including 24.28 GW of solar. Highlighting the recent pace of renewable energy adopting, he indicated that the world achieved 2 terawatt (TW) by 2024. Of this, the world added 1 TW of renewable energy capacity in just 2 years (2023 and 2024), while it took nearly 70 years to reach 1 TW of renewable energy capacity in 2022. 

He emphasized that India is a key driver of this explosive global surge in renewable energy. He pointed that the country’s solar capacity has grown more than 4,500%, from 2.8 GW to around 130 GW. Further, India contributed 46 GW to global solar additions during 2022 and 2024 alone, becoming the third-largest contributor. 

The Minister noted that India holds the world’s fifth-largest coal reserves and is the second-largest consumer of coal. Even with this abundance, he pointed that the country is steadily balancing coal with renewable energy as the transition gathers pace. With global mechanisms now shaping industrial competitiveness, he said India’s shift towards renewable energy has become even more urgent and strategically important.

CNX Nifty touched high and low of 26,178.70 and 25,892.25 respectively. There were 3 stocks advancing against 47 stocks declining on the index.    

The few gainers on Nifty were Tech Mahindra up by 1.22%, Wipro up by 0.35% and HCL Technologies up by 0.12%. On the flip side, Interglobe Aviation down by 8.62%, Bharat Electronics down by 4.92%, JSW Steel down by 3.71%, Nestle down by 2.56% and Shriram Finance down by 2.52% were the top losers.

European markets were trading mostly in red; UK’s FTSE 100 decreased 6.53 points or 0.07% to 9,660.48 and France’s CAC fell 14.94 points or 0.18% to 8,099.80, while Germany’s DAX gained 31.16 points or 0.13% to 24,059.30.

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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