HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Key indices end in green for second straight day
Oct-03-2025

Indian equity benchmarks traded range-bound but managed to end in the green for the second day in a row on Friday, propelled by buying in metal, Industrials and Telecom stocks and a rally in global markets. However, persistent foreign fund outflows and the ongoing US visa fee hike issue restricted further gains. 

Some of the important factors in trade: 

India's capacity to absorb external shocks is strong: 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. 

India, EFTA trade pact comes into force: Commerce and Industry Minister Piyush Goyal said that the free trade agreement between India and the four European nations bloc EFTA has come into force. He also said the pact will unlock new opportunities for trade, investment and job creation, benefiting people and businesses.

GST collection rises 9% in September: Gross GST collection rose 9.1 per cent to over Rs 1.89 lakh crore in September on the back of increased sales due to rate rationalisation, as per government data. GST mop-up was Rs 1.73 lakh crore in September 2024. 

Rupee falls against US Dollar: Indian rupee depreciated against the US dollar, near its all-time low level, on dollar demand from importers and persistent foreign fund outflows. 

Global front: European markets were trading higher as investors cheered the results of a survey that showed growth in the euro zone services sector accelerated slightly in September to an eight-month high. Asian markets settled mostly higher driven by investor optimism over artificial intelligence and Fed rate cut hopes. 

Finally, the BSE Sensex rose 223.86 points or 0.28% to 81,207.17 and the CNX Nifty was up by 57.95 points or 0.23% to 24,894.25.      

The BSE Sensex touched high and low of 81,251.99 and 80,649.57 respectively. There were 15 stocks advancing against 15 stocks declining on the index.   

The broader indices ended in green; the BSE Mid cap index rose 0.78%, while Small cap index was up by 1.09%.

The top gaining sectoral indices on the BSE were Metal up by 1.85%, Industrials up by 1.28%, Telecom up by 1.16%, Consumer Durables up by 1.15% and Basic Materials up by 1.12%, while Healthcare down by 0.09% and Realty down by 0.09% were the few losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 3.40%, Power Grid Corporation up by 3.15%, Axis Bank up by 2.16%, Kotak Mahindra Bank up by 1.84% and Larsen & Toubro up by 1.69%. On the flip side, Tech Mahindra down by 1.11%, Maruti Suzuki down by 1.06%, Ultratech Cement down by 0.85%, Sun Pharma down by 0.53% and ICICI Bank down by 0.51% were the top losers.

Meanwhile, S&P Global Ratings in its new report has indicated that India is poised to become the next major player in the global petrochemicals industry, backed by a planned capital expenditure of $37 billion aimed at boosting self-sufficiency. It expects the shift toward self-sufficiency to support the country to meet domestic demand which is historically relied on imports. Further, India will stick with major investment plans to reduce import dependency on chemicals used in everyday goods, from plastic bags to auto parts.

Meanwhile, it has warned that India's aggressive capacity expansion - following similar moves by China - will intensify oversupply pressures in Asia's petrochemical sector. It said that the shift could hurt regional exporters, as over 50% of India and China's chemical imports currently originate in Asia. It noted that options for Asian exporters are limited after US exports has been constrained owed to tariffs.

Despite overcapacity, it highlighted that India's robust domestic demand - especially for key products like polyethylene - is expected to support local producers' earnings, even as global players face pricing pressure and potential consolidation. It also expects India to overtake the US as the world's second-largest consumer of polyethylene.

The CNX Nifty touched high and low of 24,904.80 and 24,747.55 respectively. There were 26 stocks advancing against 24 stocks declining on the index.  

The top gainers on Nifty were Tata Steel up by 3.45%, Power Grid Corporation up by 2.85%, Kotak Mahindra Bank up by 2.17%, Axis Bank up by 2.03% and Larsen & Toubro up by 1.98%. On the flip side, Max Healthcare down by 3.88%, Tech Mahindra down by 1.27%, Eicher Motors down by 1.23%, Coal India down by 1.18% and Maruti Suzuki down by 0.98% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 62.57 points or 0.66% to 9,490.30, France’s CAC rose 11.27 points or 0.14% to 8,067.90 and Germany’s DAX gained 308.94 points or 1.26% to 24,422.56. 

Asian markets settled mostly higher on Friday tracking Wall Street’s gains overnight as a wave of good news from the AI sector offset worries about the US government shutdown and potential federal job cuts. Japanese markets soared as investors awaited a key ruling party vote that will decide the country's next Prime Minister. Japan’s Hitachi shares surged after the company announced a tie-up with OpenAI to build AI infrastructure and expand data centers globally. South Korean and Chinese markets were closed for the National Day holiday. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

--

--

--

Hang Seng

27,140.92

-146.2

-0.54

Jakarta Composite

8,118.30

47.22

0.58

KLSE Composite

1,635.06

-2.74

-0.17

Nikkei 225

45,769.5

832.77

1.85

Straits Times

4,411.95

16.74

0.38

KOSPI Composite

--

--

--

Taiwan Weighted

26,761.06

382.67

1.43
  RELATED NEWS >>
Most Viewed >>
September 19 , 2025
Amfi asks MF Central to stop sharing investor
September 22 , 2025
Nippon India Growth Mid Cap Fund: Running with
October 01 , 2025
Equity market will weather tariff volatility b
October 01 , 2025
Zerodha Fund House debuts on ONDC to simplify
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.