HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Markets extend losses in late trade
Oct-31-2025

Indian equity markets extended losses in late trade amid weak global cues. The fund outflows from foreign institutional investors (FIIs) also weighed on trading sentiments. The FIIs were the net seller on Thursday’s session, offloading equities worth Rs 3,077.59 crore. Further, traders overlooked Engineering Exports Promotion Council’s (EEPC) comments indicating India’s engineering goods exports maintained a growth trajectory for the fourth consecutive month in September, with a 2.93 per cent rise year-on-year to $10.11 billion, despite of decline in shipments to US.

On the global front, Asian equity markets were trading mixed with Japan's Nikkei hitting a record high on the back of a weaker yen and strong gains in the tech sector while Chinese and Hong Kong markets retreated after a survey showed China's factory activity shrank for a seventh month in October. European equity markets were trading lower ahead of key Eurozone inflation data due later in the day.

The BSE Sensex is currently trading at 84099.00, down by 305.46 points or 0.36% after trading in a range of 84011.65 and 84712.79. There were 9 stocks advancing against 21 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.12%, while Small cap index was down by 0.04%.

The top gaining sectoral indices on the BSE were Capital Goods up by 0.64%, Oil & Gas up by 0.63%, Industrials up by 0.58%, PSU up by 0.51% and Energy up by 0.46%, while Utilities down by 1.13%, Power down by 0.82%, Metal down by 0.71%, Basic Materials down by 0.58% and Healthcare down by 0.37% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 3.34%, Larsen & Toubro up by 1.18%, TCS up by 0.81%, SBI up by 0.48% and ITC up by 0.41%. On the flip side, Eternal down by 2.81%, NTPC down by 2.45%, Kotak Mahindra Bank down by 1.33%, Power Grid Corporatrion down by 1.32% and ICICI Bank down by 1.00% were the top losers.

Meanwhile, Crisil Ratings in its latest report has said that manufacturers of large appliances are likely to see their revenue growth moderate to 5-6% this fiscal (FY26) on a high base of 16% logged last fiscal, after demand for cooling products fell sharply because of the early onset of southwest monsoon in the first half. A reduction in goods and services tax (GST) on air-conditioners (ACs) and large televisions (TVs) that followed in early September, just as the festive season began, will offer only a partial offset.

As per the report, moderating revenue growth, along with intensifying competition and dearer raw materials, will also shave off 20-40 basis points (bps) from operating margins. This, however, is unlikely to deter companies from sustaining or stepping up capital expenditure (capex) across categories. Notably, the AC segment will see a substantially higher capex for compressor capacities as the Bureau of Indian Standards (BIS) norms on imports kick in from April 2026. Credit profiles will remain stable because of low dependence on debt.

The rating agency further noted that Moderating revenue growth and continuing intense competition will limit meaningful price hikes amid higher input costs such as steel (because of safeguard duty on imports) and aluminium and copper (due to growing demand- and supplyside pressures). Consequently, operating margin will reduce slightly to 7.1-7.2% this fiscal from 7.5% last fiscal.

The CNX Nifty is currently trading at 25781.80, down by 96.05 points or 0.37% after trading in a range of 25742.40 and 25953.75. There were 13 stocks advancing against 37 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 3.43%, Bharat Electronics up by 3.34%, Eicher Motors up by 1.99%, Larsen & Toubro up by 1.19% and TCS up by 0.85%. On the flip side, Eternal down by 2.85%, NTPC down by 2.52%, Cipla down by 2.17%, Max Healthcare Inst down by 1.74% and Interglobe Aviation down by 1.70% were the top losers.

Asian equity markets were trading mixed; Nikkei 225 surged 879.39 points or 1.68% to 52,205.00, Jakarta Composite gained 5.73 points or 0.07% to 8,189.79 and KOSPI increased 20.61 points or 0.5% to 4,107.50, while Hang Seng declined 343.69 points or 1.32% to 25,939.00, Taiwan Weighted lost 54.18 points or 0.19% to 28,233.35, Straits Times fell 4.42 points or 0.1% to 4,433.02 and Shanghai Composite weakened 32.11 points or 0.81% to 3,954.79.

European equity markets were trading lower; UK’s FTSE 100 decreased 29.96 points or 0.31% to 9,730.10, France’s CAC fell 11.99 points or 0.15% to 8,145.30 and Germany’s DAX lost 74.59 points or 0.31% to 24,044.30.
  RELATED NEWS >>
Most Viewed >>
October 30 , 2025
Sebi's cost-cap plan threatens to erode mutual
October 30 , 2025
‘Gatekeepers of Governance’: 10th Annual Corpo
October 30 , 2025
RBI’s forex strategy yields better results tha
October 31 , 2025
Sebi extends timeline for QSBs to implement op
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.