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Bourses trade flat in early afternoon session
Nov-03-2025

Indian markets traded flat with negative bias in early afternoon session amid volatility. Investors were closely watching Q2 corporate earnings and India-US trade developments. Investors overlooked the report that the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) surged to 59.2 in October from 57.7 in September, indicating a quicker improvement in the health of the sector. Besides, government data has showed that gross Goods and Services Tax (GST) collection increased 4.6 per cent to about Rs 1.96 lakh crore in October 2025 as against Rs 1.87 lakh crore collections in October 2024, driven by festive buying spree despite a cut in GST rates. On the global front, Asian markets were trading mostly in green as a temporary tariff truce materialized between the U.S. and China wherein China agreed to buy more U.S. energy.

The BSE Sensex is currently trading at 83876.34, down by 62.37 points or 0.07% after trading in a range of 83609.54 and 84052.26. There were 11 stocks advancing against 19 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.32%, while Small cap index was up by 0.48%.

The top gaining sectoral indices on the BSE were Realty up by 2.12%, Oil & Gas up by 1.01%, Healthcare up by 0.82%, Energy up by 0.75% and PSU was up by 0.68%, while FMCG down by 0.73%, Consumer Durables down by 0.57%, IT down by 0.36%, Auto down by 0.34% and Capital Goods was down by 0.18% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.62%, SBI up by 1.15%, Eternal up by 0.91%, Tata Motors Passenger up by 0.50% and Sun Pharma up by 0.46%. On the flip side, Maruti Suzuki down by 3.99%, ITC down by 1.50%, TCS down by 1.15%, Hindustan Unilever down by 0.95% and Larsen & Toubro down by 0.83% were the top losers.

Meanwhile, government data has showed that gross Goods and Services Tax (GST) collection increased 4.6 per cent to about Rs 1.96 lakh crore in October 2025 as against Rs 1.87 lakh crore collections in October 2024, driven by festive buying spree despite a cut in GST rates. In August and September this year, the tax collection was a little subdued at over Rs 1.86 lakh crore and Rs 1.89 lakh crore, respectively.

According to the data, the rate of growth in GST collections in year-on-Year terms in October at 4.6 per cent is, however, lower than about 9 per cent average growth that the collections saw in the previous months. The gross domestic revenue, an indication of local sales, grew 2 per cent to Rs 1.45 lakh crore, while tax from imports surged about 13 per cent to Rs 50,884 crore in October. However, GST refunds also rose 39.6 per cent year-on-year to Rs 26,934 crore. Net GST revenue stood at Rs 1.69 lakh crore in October 2025, recording 0.2 per cent YoY growth.

GST rates on 375 items, including kitchen staples to electronics and automobiles, were slashed with effect from September 22, 2025-- the first day of Navratri and considered auspicious for buying new goods. The October GST collection number reflects the impact of festive season sales, and the pent-up demand. Consumers had held back their purchase decision, awaiting GST rate cut after Prime Minister Narendra Modi in his Independence Day speech had announced that GST rates will be cut ahead of Diwali. The rate cut was, however, implemented with the onset of Navratri.

The CNX Nifty is currently trading at 25719.60, down by 2.50 points or 0.01% after trading in a range of 25645.50 and 25773.45. There were 22 stocks advancing against 27 stocks declining on the index, while 1 stock remained unchanged. 

The top gainers on Nifty were Shriram Finance up by 5.22%, Mahindra & Mahindra up by 1.64%, SBI up by 1.10%, Apollo Hospital up by 1.05% and Eternal up by 1.05%. On the flip side, Maruti Suzuki down by 3.94%, ITC down by 1.51%, TCS down by 1.19%, Nestle down by 1.07% and Hindustan Unilever down by 0.83% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 124.35 points or 0.48% to 26,031.00, KOSPI increased 114.37 points or 2.71% to 4,221.87 and Taiwan Weighted was up by 101.24 points or 0.36% to 28,334.59. On the flip side, Shanghai Composite was down by 7.58 points or 0.19% to 3,947.21.
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