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Key indices snap 2-day gains amid weak global cues
Oct-13-2025

Snapping their two-day winning streak, Indian equity benchmarks ended with minor losses on Monday, due to selling in IT and FMCG shares and a weak trend in global markets after US President Donald Trump announced an additional 100 per cent tariff on Chinese goods from November 1. 

Some of the important factors in trade:

India poised to contribute about one-fifth of world's GDP growth: Shaktikanta Das, the Principal Secretary-2 to PM Narendra Modi, has said that India is poised to contribute about one-fifth of the world's GDP growth on the back of robust domestic demand and prudent macroeconomic and financial sector policies, which enabled it to withstand ‘external shocks’. 

India, Canada trade ministers hold discussions on ways to strengthen economic ties: Commerce and Industry Minister Piyush Goyal hold discussions with his Canadian counterpart Maninder Sidhu on ways to strengthen economic ties between the two countries. 

India, Korea to collaborate on Electronics, EV Components: The commerce ministry said India and Korea have agreed to explore joint initiatives in electronics and electric vehicle (EV) components, and digital supply chains.  

Travel Services stocks in watch: Union Minister Gajendra Singh Shekhawat said the tourism sector contributes Rs 20 lakh crore to India's GDP, and is expected to grow at a rate of more than 25 per cent. 

Global front: European markets were trading higher after U.S. President Donald Trump struck a more conciliatory tone on trade with China, saying that everything would be ‘fine’ and that Washington was not looking to ‘hurt' China. Asian markets ended lower as the U.S. government shutdown entered its third week and trade tensions between the U.S. and China returned to the fore. 

Finally, the BSE Sensex fell 173.77 points or 0.21% to 82,327.05 and the CNX Nifty was down by 58.00 points or 0.23% to 25,227.35.      

The BSE Sensex touched high and low of 82,438.50 and 82,043.14 respectively. There were 12 stocks advancing against 18 stocks declining on the index.   

The broader indices ended in red; the BSE Mid cap index fell 0.18%, while Small cap index was down by 0.43%.

The top gaining sectoral indices on the BSE were Utilities up by 0.19%, Bankex up by 0.11%, Realty up by 0.02% and Power up by 0.01%, while IT down by 0.90%, Capital Goods down by 0.85%, FMCG down by 0.83%, Telecom down by 0.66% and Industrials down by 0.64% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports &SEZ up by 2.04%, Bajaj Finance up by 1.32%, Bajaj Finserv up by 0.93%, Axis Bank up by 0.79% and Bharti Airtel up by 0.68%. On the flip side, Tata Motors down by 2.67%, Hindustan Unilever down by 1.46%, Infosys down by 1.40%, Power Grid Corporation down by 0.95% and Bharat Electronics down by 0.94% were the top losers.

Meanwhile, Shaktikanta Das, the Principal Secretary-2 to PM Narendra Modi, has said 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’. He emphasised that India's underlying priority in free trade agreement negotiations with the US and other countries is to secure fair and balanced agreements in the best interest of the Indian people. India continues to demonstrate remarkable dynamism and resilience amid an uncertain global environment.

Noting that the global economy was experiencing a phase of unprecedented uncertainty and fundamental reset, the former governor of the RBI said the rules-based trading framework, promoting globalisation and free trade for over eight decades, is facing a challenge. He stated that the situation has changed from the days when it was considered that the world was flat and that it should become one market. He added that cost competitiveness and the principles of comparative advantage across countries were supposed to be the guiding principles, but a fundamental change has crept in.

He further said that the vulnerability in global supply chains has led many nations to rethink their external dependencies and give higher importance to supply chain resilience over cost efficiency. He said strategic autonomy is now a top priority and this transformation is also evident in the growing influence of regional trade agreements, which reflect a shift towards more fragmented yet practical trade alliances. He noted that the year 2025, in a nutshell, is a pivotal year in terms of global economic trajectory. He added that guided by a decade of structural reforms and strategic global positioning under the vision of ‘aatmanirbhar’ Bharat, the nation has successfully weathered multiple global headwinds.

CNX Nifty touched high and low of 25,267.30 and 25,152.30 respectively. There were 19 stocks advancing against 30 stocks declining, while 1 stock remained unchanged on the index.    

The top gainers on Nifty were Adani Ports &SEZ up by 2.10%, Bajaj Auto up by 1.50%, Bajaj Finance up by 1.48%, Shriram Finance up by 1.20% and Bajaj Finserv up by 0.98%. On the flip side, Tata Motors down by 2.20%, Infosys down by 1.49%, Wipro down by 1.43%, Hindustan Unilever down by 1.28% and Nestle India down by 1.19% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 3.28 points or 0.03% to 9,430.75, France’s CAC rose 18 points or 0.23% to 7,936.00 and Germany’s DAX gained 115.14 points or 0.47% to 24,356.60.

Asian markets ended lower on Monday amid renewed US-China trade tension and as the U.S. government shutdown entered its third week. Besides, political and fiscal developments in Japan and Europe also kept investors on edge. Many world leaders, including Trump, are due to meet in Egypt to discuss ceasefire plans for Gaza. China's Shanghai Composite index ended marginally lower, recouping most early losses after China's foreign trade showed surprising strength in September, with both exports and imports beating forecasts. Hong Kong's Hang Seng index fell on renewed Sino-U.S. trade tensions. Beijing on Sunday defended its latest export control measures on rare earths and related items as a response to U.S. aggression but stopped short of imposing new levies on U.S. products. Seoul stocks ended lower and snapped a three-day winning run. Meanwhile, the Japanese market was closed for National Sports Day.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,889.50

-7.53

-0.19

Hang Seng

25,889.48

-400.84

-1.52

Jakarta Composite

8,227.20

-30.66

-0.37

KLSE Composite

1,615.19

-7.06

-0.44

Nikkei 225

--

--

--

Straits Times

4,389.84

-37.22

-0.85

KOSPI Composite

3,584.55

-26.05

-0.73

Taiwan Weighted

26,923.42

-378.50

-1.41
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