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Markets off day’s high
Oct-15-2025

Indian equity markets came off the day’s high in late trade as global trade uncertainty owed to trade tension between US and China weighted on market sentiments. However, market participants remained optimistic about RBI continuing its policy easing in December amid easing retail inflation. Besides, IMF’s upward revision of India's GDP growth forecast has kept the trading sentiments upbeat. International Monetary Fund (IMF) in its latest World Economic Outlook (WEO) has revised upwards India's Gross Domestic Product (GDP) growth forecast by 20 basis points (bps) to 6.6 per cent for the current fiscal (FY26) compared to its earlier estimate of 6.4 per cent on the back of strong growth, offsetting the impact of US tariffs on Indian shipments. 

On the global front, Asian and European equity markets were trading mostly in green as Federal Reserve Chair Jerome Powell's dovish comments, highlighting weakness in the U.S. job market, raised expectations for more interest-rate cuts.

The BSE Sensex is currently trading at 82603.33, up by 573.35 points or 0.70% after trading in a range of 82084.37 and 82727.02. There were 23 stocks advancing against 7 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 1.02%, while Small cap index was up by 0.65%.

The top gaining sectoral indices on the BSE were Realty up by 3.38%, Telecom up by 1.68%, PSU up by 1.22%, Power up by 1.10% and Metal up by 1.07%. Meanwhile, there were no losers on BSE sectoral index.

The top gainers on the Sensex were Bajaj Finance up by 4.06%, Bajaj Finserv up by 3.17%, Asian Paints up by 2.62%, Larsen & Toubro up by 2.52% and Ultratech Cement up by 1.83%. On the flip side, Tata Motors Passenger Vehicles down by 1.61%, Axis Bank down by 0.90%, Infosys down by 0.89%, Tech Mahindra down by 0.40% and Kotak Mahindra Bank down by 0.28% were the top losers.

Meanwhile, India has initiated a probe to ascertain if a significant spurt in imports of a chemical, used in the plastic industry, from South Korea is impacting the domestic producers. A complaint regarding this has been filed under the pact by KLJ Plasticizers, which has sought complete withdrawal of the duty concessions on the imports of 'Non-phthalate Plasticizers in the form of Dioctyl Terephthalate (DOTP) and Diethylhexyl Cyclohexane (DEHCH)' from Korea.

The application was filed under the bilateral safeguard measures rules of the India-Korea free trade agreement. Under the pact, India has given customs duty concessions on this product. The pact was implemented in 2010. The applicant has claimed that the imports have increased in both absolute and relative terms due to the phased reduction and elimination of the duty. In a trade pact, two countries either significantly reduce or eliminate import duties on the maximum number of goods traded between them.

According to a notification of the commerce ministry's arm Directorate General of Trade Remedies (DGTR), the applicant has stated that an increase in imports has caused ‘serious injury’ to the domestic industry. The rate of increase in imports is higher than the rate of increase in demand. Having determined that there is sufficient prima facie evidence to justify initiation of the safeguard investigation, the authority considers it appropriate to initiate the investigation.

In the probe, the DGTR would determine whether the imports from Koreа constitute increased imports due to the phased reduction and elimination of customs duty and whether the increased imports have caused or are threatening to cause serious injury to the domestic industry. The finance ministry will take the final call to impose the duty. The duty helps in providing a level playing field to the domestic industry in terms of the pricing of the chemical in the domestic market.

The CNX Nifty is currently trading at 25331.85, up by 186.35 points or 0.74% after trading in a range of 25159.35 and 25365.15. There were 39 stocks advancing against 11 stocks declining on the index.

The top gainers on Nifty were Bajaj Finance up by 3.96%, Nestle up by 3.93%, Bajaj Finserv up by 3.15%, Asian Paints up by 2.67% and Larsen & Toubro up by 2.46%. On the flip side, Tata Motors Passenger Vehicles down by 1.64%, Bajaj Auto down by 1.06%, Infosys down by 0.88%, Axis Bank down by 0.85% and Tech Mahindra down by 0.35% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 845.68 points or 1.77% to 47,693.00, Hang Seng advanced 467.65 points or 1.8% to 25,909.00, Taiwan Weighted added 482.56 points or 1.77% to 27,275.71, KOSPI increased 95.47 points or 2.61% to 3,657.28, Jakarta Composite plunged 36.87 points or 0.46% to 8,029.65, Shanghai Composite strengthened 46.98 points or 1.2% to 3,912.21 and Straits Times rose 18.21 points or 0.42% to 4,372.73.

European equity markets were trading mostly in green; France’s CAC rose 194.08 points or 2.45% to 8,113.70 and Germany’s DAX gained 28.26 points or 0.12% to 24,265.20, while UK’s FTSE 100 decreased 20.23 points or 0.21% to 9,432.54.
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