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EQUITY
Key gauges end lower amid global weakness
Oct-14-2025

Indian equity benchmarks erased opening gains and ended lower on Tuesday amid weak trends in Asian and European markets and fresh foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 240.10 crore on Monday, according to exchange data.   

Some of the important factors in trade:

WPI inflation eases to 0.13% in September: Wholesale price inflation (WPI) softened to 0.13 per cent in September on easing in prices of food articles, fuel and manufactured items, government data showed. WPI-based inflation was 0.52 per cent in August and 1.91 per cent in September last year. 

Rupee hits all-time low against US Dollar: Indian rupee depreciated to revisit its all-time low against the US dollar, weighed down by negative domestic equities and overnight gains in the American currency.

Direct tax revenue up 6% to Rs 11.89 lakh crore till October 12: The government data showed that 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.

India, Canada discuss energy, tech, food security: Commerce and Industry Minister Piyush Goyal said India and Canada discussed possibilities to increase cooperation in areas such as energy, technology and food security, reaffirming New Delhi's commitment to strengthening trade and investment ties based on mutual trust and respect. 

Global front: European markets were trading lower weighed down by uncertainty about U.S.-China trade relations, and data showing an increase in German consumer price inflation. Asian markets settled down as tensions between the United States and China escalated and a U.S. federal government's partial shutdown entered its 14th day. 

Finally, the BSE Sensex fell 297.07 points or 0.36% to 82,029.98 and the CNX Nifty was down by 81.85 points or 0.32% to 25,145.50.      

The BSE Sensex touched high and low of 82,573.37 and 81,781.62 respectively. There were 7 stocks advancing against 23 stocks declining on the index.   

The broader indices ended in red; the BSE Mid cap index fell 0.74%, while Small cap index was down by 0.95%. 

The top losing sectoral indices on the BSE were Telecom down by 1.39%, Consumer Durables down by 1.13%, PSU down by 1.02%, Oil & Gas down by 1.01% and Realty down by 0.96%, while there were no gaining sectoral indices on the BSE.

The top gainers on the Sensex were Tech Mahindra up by 1.25%, ICICI Bank up by 0.36%, Power Grid Corporation up by 0.33%, Hindustan Unilever up by 0.31% and Reliance Industries up by 0.04%. On the flip side, Bajaj Finance down by 1.80%, Bharat Electronics down by 1.76%, Tata Steel down by 1.71%, TCS down by 1.56% and NTPC down by 1.40% 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.

CNX Nifty touched high and low of 25,310.35 and 25,060.55 respectively. There were 10 stocks advancing against 40 stocks declining on the index.    

The top gainers on Nifty were Max Healthcare up by 1.42%, Tech Mahindra up by 1.24%, Wipro up by 1.09%, Apollo Hospital up by 1.06% and ICICI Bank up by 0.39%. On the flip side, Dr. Reddy's Lab down by 2.17%, Tata steel down by 2.14%, Bajaj Finance down by 1.90%, Bharat Electronics down by 1.77% and Trent down by 1.66% were the top losers. 

European markets were trading lower; UK’s FTSE 100 decreased 33.52 points or 0.36% to 9,409.35, France’s CAC fell 84.06 points or 1.06% to 7,850.20 and Germany’s DAX lost 295.53 points or 1.21% to 24,092.40. 

Asian markets settled down on Tuesday with Chinese and Hong Kong shares declining after the US-China trade tensions once again escalated after the world's two largest economies imposed port fees on each other's shipping firms, pushing up costs on both sides. Meanwhile, markets were focusing on earnings from Wall Street's biggest banks and Federal Reserve Chair Jerome Powell's keynote speech on the US economic outlook and monetary policy. Japanese shares led regional losses after the coalition government collapsed, threatening Sanae Takaichi's ascent to prime minister.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,865.23

-24.27

-0.63

Hang Seng

25,428.00

-461.48

-1.81

Jakarta Composite

8,066.52

-160.68

-1.99

KLSE Composite

1,611.46

-3.73

-0.23

Nikkei 225

46,673.00

-1,415.80

-3.03

Straits Times

4,354.52

-35.32

-0.81

KOSPI Composite

3,561.81

-22.74

-0.64

Taiwan Weighted

26,793.15

-130.27

-0.49
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