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Key gauges trade flat with negative bias
Dec-29-2025

Indian equity benchmarks were trading flat with negative bias in morning deals, due to the absence of any fresh trigger as markets enter the last few days of trading in 2025. Traders remained cautious as exchange data showed foreign institutional investors offloaded equities worth Rs 317.56 crore on Friday. However, downside remained capped as traders took some support after the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia has expressed hopes that in year 2026, FDI likely to cross the last year's all-time high of $80.62 billion. Sector-wise, port industry stocks remained in watch as the Ministry of Ports, Shipping & Waterways (MoPSW) has notified the operational guidelines for two major shipbuilding initiatives--the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS), with a total outlay of over Rs 44,700 crore. On the global front, Asian markets were trading mostly in green on expectations of the Federal Reserve cutting interest rates next year, which have also sparked a fierce rally in precious metals. 

The BSE Sensex is currently trading at 84953.54, down by 87.91 points or 0.10% after trading in a range of 84946.04 and 85250.00. There were 14 stocks advancing against 16 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.12%, while Small cap index down by 0.16%.

The top gaining sectoral indices on the BSE were Metal up by 1.46%, Basic Materials up by 0.88%, Telecom up by 0.59%, Oil & Gas up by 0.30% and Capital Goods up by 0.21%, while Utilities down by 0.56%, Realty down by 0.35%, Power down by 0.32%, Healthcare down by 0.31% and IT down by 0.24% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.75%, Eternal up by 1.12%, Tech Mahindra up by 0.82%, Titan Company up by 0.71% and Asian Paints up by 0.56%. On the flip side, Adani Ports &SEZ down by 1.64%, Power Grid Corporation down by 0.94%, HCL Technologies down by 0.73%, Axis Bank down by 0.67% and Bajaj Finserv down by 0.60% were the top losers.

Meanwhile, in order to protect Indian companies from cheap imports from China, the finance ministry said that the Government has imposed anti-dumping duty on two Chinese goods, a refrigerant gas and certain kinds of steel products, during the month so far. The ministry stated these duties were imposed as these products - cold-rolled non-oriented electrical steel, and 1,1,1,2-Tetrafluoroethane or R-134a - were exported to India from China at below normal prices. On steel goods, India has imposed $223.82 per tonne on certain Chinese firms, while on few others $415 per tonne was imposed for five years. On the gas, up to $5,251 per tonne was slapped for five years.

Further, the ministry said India has imposed anti-dumping duty on imports of 'Calcium Carbonate Filler Masterbatch' exported from Vietnam. It is widely used in plastic industry. These duties are imposed after the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has conducted probes separately for each of these items and recommended the duty.

Governments carry out anti-dumping investigations to determine whether domestic industries have been hurt because of a surge in cheap imports.  As a countermeasure, countries impose these duties under the rules of the Geneva-based World Trade Organisation (WTO). The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers compared to foreign producers and exporters. India, China, and Vietnam are members of the WTO.

The CNX Nifty is currently trading at 26028.05, down by 14.25 points or 0.05% after trading in a range of 26017.80 and 26106.80. There were 22 stocks advancing against 28 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 2.89%, Eternal up by 1.08%, JSW Steel up by 1.05%, Tech Mahindra up by 0.97% and Hindalco up by 0.92%. On the flip side, Adani Ports &SEZ down by 1.54%, Power Grid Corp down by 0.94%, Shriram Finance down by 0.93%, Axis Bank down by 0.66% and HCL Technologies down by 0.59% were the top losers.

Asian markets were trading mostly in green; Taiwan Weighted added 282.46 points or 0.99% to 28,838.48, Jakarta Composite gained 67.33 points or 0.79% to 8,605.24, Shanghai Composite strengthened 7.11 points or 0.18% to 3,970.79, KOSPI increased 74.47 points or 1.8% to 4,204.15, Hang Seng advanced 81.07 points or 0.31% to 25,900.00 and Straits Times rose 2.09 points or 0.05% to 4,638.24.

On the flip side, Nikkei 225 slipped 184.39 points or 0.36% to 50,566.00.
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