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Indices remain in red in late morning deals
Dec-17-2025

Domestic equity indices remained in red and were trading slightly lower in late morning deals owing to selling in ICICI Bank, Trent, HDFC Bank, Adani Ports and Mahindra & Mahindra companies’ stocks. Meanwhile, broader indices were also trading in red with BSE Mid cap index and Small cap index falling in the range of 0.20-0.40%. Traders were cautious amid uncertainty over the US interest-rate outlook, with mixed signals from recent US jobs data and flat retail sales. However, losses remained capped as the domestic currency rebounded sharply after sustained dollar selling by state-owned banks, widely seen as acting on behalf of the central bank, which helped ease volatility and stabilise market sentiment. Rupee appreciated by 60 paise to 90.33 against the dollar at the Inter-bank Foreign Exchange market.

On the global front, Asian markets were trading mostly in green as investors parsed Japan’s trade data. Japan’s exports in November grew 6.1% year on year. The growth sharply beat expectations of an average 4.8% rise estimated by street, and was higher than the 3.6% seen in the previous month. Back home, in the stock specific development, Kaynes Technology rose after the company entered into two strategic collaborations with global technology majors-Japan's AOI Electronics Co and Mitsui & Co.

The BSE Sensex is currently trading at 84565.74, down by 114.12 points or 0.13% after trading in a range of 84491.42 and 84889.45. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.24%, while Small cap index down by 0.39%.

The top gaining sectoral indices on the BSE were Oil & Gas up by 0.45%, PSU up by 0.42%, Metal up by 0.36%, Energy up by 0.35% and IT up by 0.29%, while Consumer Durables down by 0.57%, Capital Goods down by 0.55%, Industrials down by 0.52%, Healthcare down by 0.36% and Telecom down by 0.29% were the top losing indices on BSE.

The top gainers on the Sensex were SBI up by 1.58%, Axis Bank up by 1.24%, Bajaj Finance up by 0.68%, TCS up by 0.53% and Power Grid up by 0.44%. On the flip side, ICICI Bank down by 1.30%, Trent down by 0.97%, HDFC Bank down by 0.83%, Adani Ports down by 0.82% and Mahindra & Mahindra down by 0.60% were the top losers.

Meanwhile, the government has stepped-up its effort of Ease of Doing Business with the launch of District Business Reform Action Plan (DBRAP). DBRAP is a State-led initiative aimed at localizing Business Reforms Action Plan (BRAP) at the district level. Since 2015, the government has been implementing the BRAP to promote transparency, simplify regulatory procedures, and enhance service delivery across all the States and Union Territories. Launched by Department for Promotion of Industry and Internal Trade (DPIIT), DBRAP is designed to strengthen last-mile delivery, improve service quality, and accelerate regional development by equipping districts with robust institutional and digital infrastructure. 

With the launch of DBRAP, the DPIIT has laid out a structured district-level framework to improve Ease of Doing Business and enhance administrative responsiveness. Under the framework, DPIIT has outlined key reform areas which includes district-level approvals and service delivery, digitisation and mutation of property records, time-bound and risk-based inspection systems, district-level investment facilitation mechanisms, measures for fostering start-ups in Tier-II and Tier-III cities and strengthening of industrial parks and local infrastructure.

Moreover, it has identified a total of 154 reforms, each with a clearly defined objective and assessment checklist to ensure uniform implementation and monitoring across districts. The reforms are aimed at improving predictability for businesses and building competitive district-level ecosystems that support MSMEs, start-ups, and new investments. These reforms will be implemented across District Collectorates, Development Authorities, and Urban Local Bodies, which play a critical role in regulatory approvals, inspections, and business facilitation.

The CNX Nifty is currently trading at 25828.25, down by 31.85 points or 0.12% after trading in a range of 25801.80 and 25929.15. There were 23 stocks advancing against 27 stocks declining on the index.

The top gainers on Nifty were SBI up by 1.64%, Shriram Finance up by 1.51%, Eicher Motors up by 1.28%, Axis Bank up by 1.25% and Tata Consumer up by 1.19%. On the flip side, Max Healthcare down by 2.25%, HDFC Life down by 1.47%, SBI Life down by 1.32%, ICICI Bank down by 1.30% and Apollo Hospital down by 0.94% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 188.71 points or 0.38% to 49,572.00, Jakarta Composite gained 28.56 points or 0.33% to 8,715.03, Shanghai Composite strengthened 38.37 points or 1% to 3,863.18, KOSPI increased 45.42 points or 1.14% to 4,044.55, Hang Seng advanced 147.59 points or 0.58% to 25,383.00. However, Taiwan Weighted lost 45 points or 0.16% to 27,491.66 and Straits Times fell 13.49 points or 0.29% to 4,566.24.
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