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Key gauges continue to trade lower in morning deals
Oct-13-2025

Indian equity benchmarks continued to trade lower in morning deals, tracking a sharp decline in global markets after the US announced an additional 100 per cent tariff on Chinese goods effective November 1. Traders overlooked Shaktikanta Das, the Principal Secretary-2 to PM Narendra Modi, stating that India is poised to contribute about one-fifth of the world's Gross domestic product (GDP) growth on the back of robust domestic demand and prudent macroeconomic and financial sector policies, which enabled it to withstand ‘external shocks’. Traders also overlooked exchange data showing that Foreign Institutional Investors (FIIs) bought equities worth Rs 459.20 crore on Friday. Sector-wise, sugar stocks remained in focus as trade body AISTA stated that India is estimated to have exported 7.75 lakh tonnes of sugar in the marketing season that ended September. On the global front, Asian markets are trading mostly lower after US President Donald Trump escalated tensions with China, threatening last week to impose 100% tariffs on Chinese goods. 

The BSE Sensex is currently trading at 82257.32, down by 243.50 points or 0.30% after trading in a range of 82043.14 and 82329.50. There were 9 stocks advancing against 21 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.43%, while Small cap index was down by 0.58%.

The top gaining sectoral indices on the BSE were Telecom up by 0.24%, Auto up by 0.09% and Bankex up by 0.06%, while Capital Goods down by 1.17%, IT down by 1.02%, Oil & Gas down by 0.93%, Metal down by 0.86% and Industrials down by 0.82% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 1.31%, Maruti Suzuki up by 0.95%, SBI up by 0.61%, Asian Paints up by 0.59% and Adani Ports &SEZ up by 0.28%. On the flip side, Infosys down by 1.46%, Tata Motors down by 1.21%, Tata Steel down by 1.18%, Bharat Electronics down by 1.08% and Hindustan Unilever down by 0.91% were the top losers.

Meanwhile, amid continuous widening of gap between Telecom players’ expense on network deployment and revenue earned, the Telecom industry body Cellular Operators Association of India (COAI) has defended service providers' call to increase mobile tariff. It noted that the government has supported a lot to telecom operators with policies like right of way (RoW) but still several authorities continue to charge exorbitant fees for laying network elements.

Describing the significance of the matter, COAI said that the gap between infrastructure development spending and revenue received by the companies from tariffs was around Rs 10,000 crore in 2024. Further, it warned that the gap has started increasing even further. It suggested that the cost of rolling out networks should be reduced by a reduction in the price of spectrum, levies etc. 

Moreover, it has urged the government that the large traffic generators like YouTube, Netflix, Facebook etc should contribute to the development of networks as these large traffic generators contribute in 70 per cent of the traffic which flows on the telecom companies’ networks. It said that investment made by Indian telecom operators is for Indian consumers' benefit and not meant as a medium for profit of international players without bearing any cost.

The CNX Nifty is currently trading at 25206.75, down by 78.60 points or 0.31% after trading in a range of 25152.30 and 25241.95. There were 16 stocks advancing against 34 stocks declining on the index.

The top gainers on Nifty were Bajaj Auto up by 1.43%, Bharti Airtel up by 1.28%, Maruti Suzuki up by 0.97%, SBI Life Insurance up by 0.70% and Shriram Finance up by 0.68%. On the flip side, Infosys down by 1.49%, ONGC down by 1.49%, Wipro down by 1.30%, Tata Motors down by 1.22% and Tata Steel down by 1.18% were the top losers.

Asian markets are trading mostly lower; Taiwan Weighted lost 420.8 points or 1.54% to 26,881.12, Shanghai Composite weakened 49.11 points or 1.26% to 3,847.92, KOSPI dropped 54.41 points or 1.51% to 3,556.19, Hang Seng declined 785.32 points or 2.99% to 25,505.00 Straits Times fell 47.39 points or 1.07% to 4,379.67. On the flip side, Jakarta Composite gained 8.39 points or 0.1% to 8,266.25.
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