HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Sensex, Nifty struggle for direction in early deals; WPI data eyed
Oct-14-2025

Indian markets made a slightly positive start on Tuesday but failed to hold the gains and were trading flat in early deals as investors assessed the global uncertainties, triggered by the US-China trade policies. Also, market participants keeling close eye on with India Inc's earnings. Traders adopted wait-and-watch approach ahead of the release of Wholesale Price Index (WPI) inflation data for more directional cues. Some cautiousness came amid foreign fund outflows. Foreign investors net sold shares worth Rs 240 crore on Monday. Traders failed to take any sense of relief with the government data showing that India's retail inflation slowed to an over 8-year low of 1.54 per cent in September and slipped below Reserve Bank's comfort zone mainly due to subdued prices of vegetables, fruits and pulses. Besides, net direct tax collection grew 6.33 per cent so far this fiscal to over Rs 11.89 lakh crore due to higher corporate tax mop-up and slower refunds.

On the global front, Asian markets were trading mixed despite renewed optimism over U.S.-China trade talks. U.S. Treasury Secretary Scott Bessent said he still expects Presidents Donald Trump and Xi Jinping will meet but warned that all options remain open for retaliating against China's move to tighten exports of rare earths. Back home, HCL Technologies traded higher after reporting a 5 percent sequential rise and an 11 percent year-on-year increase in revenue for the September quarter.

The BSE Sensex is currently trading at 82305.18, down by 21.87 points or 0.03% after trading in a range of 82265.12 and 82573.37. There were 10 stocks advancing against 18 stocks declining, while 2 stock remained unchanged on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.09%, while Small cap index was up by 0.13%.

The top gaining sectoral indices on the BSE were IT up by 0.62%, Oil & Gas up by 0.57%, Energy up by 0.56%, Metal up by 0.50% and TECK up by 0.41%, while Consumer Durables down by 0.34%, Healthcare down by 0.25%, Auto down by 0.20%, Bankex down by 0.18% and Consumer Discretionary down by 0.16% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 1.37%, Tech Mahindra up by 1.29%, Infosys up by 0.64%, Bharat Electronics up by 0.60% and Tata Steel up by 0.49%. On the flip side, Tata Motors down by 39.63%, Bajaj Finance down by 1.05%, Axis Bank down by 0.69%, Titan Company down by 0.63% and Maruti Suzuki down by 0.63% were the top losers.

Meanwhile, the Central Board of Direct Taxes in its latest data has said that net direct tax collection, which includes personal income tax and corporate tax, grew 6.33 per cent to Rs 11,89,054.17 crore (Rs 11.89 lakh crore) till October 12 this fiscal (2025-26) as compared to Rs 11,18,278.33 crore in the corresponding period of previous year. The growth in tax collection attributed to higher corporate tax mop-up and slower refunds. 

Of the total, net corporate tax collection stood at about Rs 5.02 lakh crore between April 1 and October 12, up from Rs 4.92 lakh crore in the same period of 2024. Non-corporate tax, which includes individuals and HUFs, mop up so far this fiscal stood at about Rs 6.56 lakh crore, up from over Rs 5.94 lakh crore in the same period last year. Securities Transaction Tax (STT) collection stood at Rs 30,878 crore, up from Rs 30,630 crore in the year-ago period.

Gross direct tax collection, before adjusting refunds, stood at over Rs 13.92 lakh crore till October 12 this fiscal, a 2.36 per cent growth over Rs 13.60 lakh crore in the corresponding period of previous year. Besides, refund issuances dropped 16 per cent to Rs 2.03 lakh crore as of October 12 of this fiscal from Rs 2.42 lakh crore in year ago period. In the current fiscal (2025-26), the government has projected its direct tax collection at Rs 25.20 lakh crore, up 12.7 per cent year-on-year. The government aims to collect Rs 78,000 crore from STT in FY26.

The CNX Nifty is currently trading at 25234.45, up by 7.10 points or 0.03% after trading in a range of 25222.25 and 25310.35. There were 23 stocks advancing against 26 stocks declining, while 1 stock remain unchanged on the index.

The top gainers on Nifty were ONGC up by 1.47%, HCL Technologies up by 1.27%, Tech Mahindra up by 1.26%, Apollo Hospital up by 1.06% and Max Healthcare Inst up by 1.02%. On the flip side, Tata Motors down by 39.46%, Bajaj Finance down by 0.95%, Eicher Motors down by 0.73%, Axis Bank down by 0.67% and Dr. Reddy's Lab down by 0.64% were the top losers.

Asian markets are trading mixed; Nikkei 225 slipped 997.8 points or 2.07% to 47,091.00, Hang Seng declined 75.48 points or 0.29% to 25,814.00, Jakarta Composite fell 45.08 points or 0.55% to 8,182.12 and Straits Times was down by 11.04 points or 0.25% to 4,378.80. On the other hand, Taiwan Weighted rose 287.32 points or 1.07% to 27,210.74, Shanghai Composite strengthened 8.06 points or 0.21% to 3,897.56 and KOSPI was up by 0.65 points or 0.02% to 3,585.20.
  RELATED NEWS >>
Most Viewed >>
October 10 , 2025
Canara HSBC Life Insurance IPO opens today: GM
October 10 , 2025
FPIs trim exposure to healthcare, IT sectors a
October 10 , 2025
Radhika Gupta on how a 50:50 gold-silver mix w
October 10 , 2025
Helios Mid Cap Fund reduces stake in Ola Elect
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.