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Markets meander near unchanged lines
Oct-03-2025

Indian equity markets have meandered near the unchanged lines amid mixed global cues. Further, persistent selling by foreign institutional investors (FIIs), weighed on trading sentiments. The FIIs were the net sellers on Wednesday’s trade offloading equities worth Rs 1,605.20 crore. Meanwhile, investors took a note of Finance Minister Nirmala Sitharaman saying private sector investment is beginning to see opportunities in India, with interest especially reviving in public-private partnership (PPP) projects. She added that public expenditure has increased significantly in the last five years, and the government remains committed to continuing with capex.

On the global front, Asian equity markets were trading mostly in green as concerns about a U.S. government shutdown and potential federal job cuts offset excitement around AI as well as expectations of further interest-rate cuts by the U.S. Federal Reserve. All European equity markets were trading higher after Eurozone producer prices declined for the first time in nine months in August due to the sharp decrease in energy prices.

The BSE Sensex is currently trading at 81008.25, up by 24.94 points or 0.03% after trading in a range of 80649.57 and 81056.57. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.47%, while Small cap index was up by 0.83%.

The top gaining sectoral indices on the BSE were Metal up by 1.87%, Basic Materials up by 1.01%, Industrials up by 0.85%, Utilities up by 0.81% and Telecom up by 0.80%, while Realty down by 0.51%, Healthcare down by 0.36%, Auto down by 0.14% and IT down by 0.05% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 3.28%, Power Grid Corporation up by 2.81%, Kotak Mahindra Bank up by 1.46%, Axis Bank up by 1.35% and Bharat Electronics up by 1.11%. On the flip side, Maruti Suzuki down by 1.23%, Tech Mahindra down by 1.13%, Sun Pharmaceutical Industries down by 1.08%, Ultratech Cement down by 0.95% and Bajaj Finserv down by 0.79% were the top losers.

Meanwhile, Finance Minister Nirmala Sitharaman has said that India's capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation. She also noted that the task before nations is not only to manage uncertainty but to confront trade, financial and energy imbalances.

Minister further said ‘Geopolitical conflicts are intensifying. Sanctions, tariffs, and decoupling strategies are reshaping global supply chains... For India, these dynamics highlight both vulnerability and resilience. Our capacity to absorb shocks is strong, while our economic leverage is evolving.’

Sitharaman said ‘Our choices will determine whether resilience becomes a foundation for leadership or merely a buffer against uncertainty. Wars and strategic rivalries are redrawing the boundaries of cooperation and conflict. Alliances that once appeared solid are being tested, and new coalitions are emerging.  Thus, what we face is not a temporary disruption but a structural transformation.’

Underlining that the Indian economy is resilient and continues to grow sustainably, Sitharaman said that with the steady share of consumption and investment in the overall GDP over the years, India's growth is firmly anchored in its domestic factors, which minimises the impact of external shocks on overall growth. She said India's rise as a stabilising force is neither accidental nor transient; instead, it results from a powerful combination of factors.

The CNX Nifty is currently trading at 24837.70, up by 1.40 points or 0.01% after trading in a range of 24747.55 and 24855.70. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 3.28%, Power Grid Corporation up by 2.62%, Hindalco up by 1.91%, Kotak Mahindra Bank up by 1.48% and Axis Bank up by 1.36%. On the flip side, Max Healthcare Inst down by 4.70%, Coal India down by 1.58%, SBI Life Insurance Company down by 1.36%, Maruti Suzuki down by 1.23% and Eicher Motors down by 1.17% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 822.27 points or 1.8% to 45,759.00, Taiwan Weighted added 382.67 points or 1.43% to 26,761.06, Straits Times rose 15.89 points or 0.36% to 4,411.10 and Jakarta Composite gained 27.15 points or 0.34% to 8,098.23, while Hang Seng declined 159.12 points or 0.59% to 27,128.00. Meanwhile, Chinese and South Korean markets were remained closed on account of National day.

All European equity markets were trading higher; UK’s FTSE 100 increased 53.12 points or 0.56% to 9,480.85, France’s CAC rose 7.97 points or 0.1% to 8,064.60 and Germany’s DAX gained 308.94 points or 1.26% to 24,422.56.

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