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Markets add more losses in late morning deals
Dec-29-2025

Indian equity markets added more losses and were trading lower with cut of over quarter percent in late morning deals owing to selling in Adani Ports, Power Grid, Bajaj Finserv, Bajaj Finance and Reliance Industries companies’ stocks. Meanwhile, broader indices were also trading in red with BSE Mid cap index and Small cap index falling in the range of 0.35-0.50%. Markets were also weak on lingering concerns over foreign fund outflows and subdued year-end trading volumes. Meanwhile, investors kept a close watch on fresh developments around negotiations aimed at ending the war in Ukraine. On the BSE sectoral front, traders were seen piling up positions in Metal, Basic Materials, Oil & Gas, Telecom and PSU, while selling was witnessed in Utilities, IT, Power, Realty and Healthcare.

On the global front, Asian markets were trading mostly in green with trading volumes remaining mostly thin as the market enters the final phase of the year. Back home, metal industry related stocks were in focus amid hopes of more monetary easing by the Federal Reserve, and softer US dollar. Tata Steel, Hindustan Copper, SAIL and Hindustan Zinc were trading higher. 

The BSE Sensex is currently trading at 84777.81, down by 263.64 points or 0.31% after trading in a range of 84754.88 and 85250.00. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.37%, while Small cap index down by 0.49%.

The top gaining sectoral indices on the BSE were Metal up by 1.14%, Basic Materials up by 0.60%, Oil & Gas up by 0.39%, Telecom up by 0.34% and PSU up by 0.02%, while Utilities down by 0.79%, IT down by 0.70%, Power down by 0.63%, Realty down by 0.55% and Healthcare down by 0.53% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.48%, Eternal up by 1.23%, Titan up by 0.55%, Interglobe Aviation up by 0.20% and Mahindra & Mahindra up by 0.17%. On the flip side, Adani Ports down by 1.61%, Power Grid down by 1.32%, Bajaj Finserv down by 1.09%, Bajaj Finance down by 0.91% and Reliance Industries down by 0.76% were the top losers.

Meanwhile, Indian government has amended the rules to streamline approvals for opening coal and lignite mines. The amendments remove procedural redundancies to accelerate operations while maintaining ongoing regulatory oversight. The coal ministry noted that the government has discarded the need for prior opening permission from the Coal Controller's Organisation (CCO) by amending Rule 9 of the Colliery Control Rules, 2004 in order to cut procedural redundancies, boost coal production, and streamline approvals.

Earlier, the coal or lignite mine owners needed prior approval from the Coal Controller's Organisation to open a mine, as well as individual seams or sections of a seam under Rule 9 of the Colliery Control Rules, 2004. Further, CCO permission was mandatory to restart operations if a mine remained closed for 180 days or longer. Under the amended rules, authority to approve the opening of mines or seams now rests with the board of the concerned coal company. The reform keeps the compliance responsibility with the company's top decision-making body. Besides, it streamlines the process and is expected to cut mine operationalisation time by up to two months.

The reform strikes a balanced approach, delegating operational decisions to company boards while retaining regulatory oversight and statutory safeguards. The amendment is likely to boost efficiency, speed up coal production, and strengthen confidence in coal regulatory framework, by shortening approval timelines and placing accountability at the highest corporate level.

The CNX Nifty is currently trading at 25974.95, down by 67.35 points or 0.26% after trading in a range of 25964.85 and 26106.80. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 2.56%, ONGC up by 1.46%, Eternal up by 1.15%, JSW Steel up by 1.08% and Titan up by 0.57%. On the flip side, Adani Ports down by 1.62%, Power Grid down by 1.34%, Bajaj Finance down by 0.91%, Bajaj Finserv down by 0.89% and TCS down by 0.79% were the top losers.

Asian markets were trading mostly in green; Taiwan Weighted added 212.12 points or 0.74% to 28,768.14, Jakarta Composite gained 74.56 points or 0.87% to 8,612.47, Shanghai Composite strengthened 10.23 points or 0.26% to 3,973.91, KOSPI increased 68.08 points or 1.65% to 4,197.76, Hang Seng advanced 8.07 points or 0.03% to 25,827.00 and Straits Times rose 1.69 points or 0.04% to 4,637.84. However, Nikkei 225 slipped 321.39 points or 0.63% to 50,429.00.
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