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Markets continue to trade lower in late afternoon session
Dec-29-2025

Indian equity markets continued to trade lower in late afternoon session as traders await for release of India’s Industrial and Manufacturing Production data for the month of November. Besides, persistent sell-off by the foreign institutional investors (FIIs) continued to make market participants nervous. The FIIs were the net sellers on Friday’s trade, offloading equities worth Rs 317.56 crore. Meanwhile, investors overlooked the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia expressing hopes that in year 2026, FDI in India likely to cross the last year's all-time high of $80.62 billion.

On the global front, Asian equity markets were trading mixed amid a lack of fresh economic and corporate news. European equity markets were trading mostly in green as traders return from the Christmas break.

The BSE Sensex is currently trading at 84751.19, down by 290.26 points or 0.34% after trading in a range of 84650.12 and 85250.00. There were 12 stocks advancing against 18 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.37%, while Small cap index was down by 0.52%.

The only gaining sectoral indices on the BSE were Telecom up by 0.20% and Oil & Gas up by 0.12%, while Utilities down by 0.95%, Power down by 0.87%, IT down by 0.65%, Realty down by 0.63% and TECK down by 0.59% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 1.60%, Asian Paints up by 1.23%, Eternal up by 0.36%, Interglobe Aviation up by 0.34% and NTPC up by 0.28%. On the flip side, Adani Ports & SEZ down by 1.97%, Power Grid Corporation down by 1.86%, HCL Technologies down by 1.75%, Trent down by 1.34% and Reliance Industries down by 0.92% were the top losers.

Meanwhile, credit rating agency ICRA in its latest report has projected that wholesale volume of tractors to rise 15-17 per cent in the current financial year 2025-26 (FY26), sharply higher from its previous estimate of 8-10 per cent, on the back of supportive factors, including GST rate cut, which enhanced affordability for farmers. The revised forecast highlights a period of strong recovery and expansion for the tractor sector, driven by concrete policy support, favourable agricultural outcomes, and specific market dynamics related to regulatory changes. 

According to the report, the upward revision is based on the industry's robust performance in recent months. Tractor wholesale volumes reported a strong growth of 30.1% year-on-year (YoY) in November 2025 and a cumulative growth of 19.2 per cent for the first eight months of FY26. It said one of the key drivers behind the improved outlook is the reduction of GST on tractors to 5 per cent, a policy change that has directly enhanced affordability for farmers. It noted that this reduction has translated into decrease in tractor prices, with savings of Rs 40,000 to Rs 1 lakh across different horsepower segments, making new tractors more accessible.

Moreover, the report said the overall adequate rainfall has supported crop sowing and yield expectations, contributing to healthier farm cash flows and positive rural sentiment. Another significant factor expected to influence sales in the coming quarters is the impending transition to the stricter tractor emission norms from April 1, 2026. With the new norms, ICRA anticipates a phase of pre-buying activity as customers and dealers look to acquire tractors under the current, familiar emission standards.  

The CNX Nifty is currently trading at 25956.05, down by 86.25 points or 0.33% after trading in a range of 25924.70 and 26106.80. There were 18 stocks advancing against 31 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 1.70%, Asian Paints up by 1.29%, Tata Consumer Products up by 0.96%, Grasim Industries up by 0.72% and Eternal up by 0.37%. On the flip side, Adani Ports & SEZ down by 1.97%, Power Grid Corporation down by 1.86%, HCL Technologies down by 1.70%, Trent down by 1.39% and Hindalco down by 1.07% were the top losers.

Asian equity markets were trading mixed; Taiwan Weighted added 254.87 points or 0.88% to 28,810.89, KOSPI increased 90.88 points or 2.15% to 4,220.56, Shanghai Composite strengthened 1.6 points or 0.04% to 3,965.28 and Jakarta Composite gained 86.74 points or 1.01% to 8,624.65, while Nikkei 225 slipped 331.39 points or 0.66% to 50,419.00, Hang Seng declined 189.93 points or 0.74% to 25,629.00, Straits Times fell 2.43 points or 0.05% to 4,633.72.

European equity markets were trading mostly in green; France’s CAC rose 3.52 points or 0.04% to 8,107.10 and Germany’s DAX gained 24.14 points or 0.1% to 24,364.20, while UK’s FTSE 100 decreased 3.38 points or 0.03% to 9,867.30.
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