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Key gauges end marginally higher on Monday
Nov-03-2025

Indian equity benchmarks ended marginally higher in a lackadaisical trade on Monday, on buying in select Telecom, Realty and Healthcare shares. Profit taking at higher levels due to the absence of fresh domestic trigger and foreign fund outflows kept the markets rangebound. 

Some of the important factors in trade:

India should continue trade negotiations with US, fasten FTA talks: Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev has said that India should diversify exports to other countries, fasten free trade agreement (FTA) negotiations and also continue dialogues with Washington to conclude the proposed Bilateral Trade Agreement (BTA) with the US.  

India manufacturing PMI rises in October: The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rose from 57.7 in September to 59.2 in October, indicating a quicker improvement in the sector's health. Robust end-demand fuelled expansions in output, new orders, and job creation, 

Bank credit growth slows to 7.3% in September: Growth in bank credit to industry moderated to 7.3 per cent in September, compared with 8.9 per cent in the corresponding period last year, according to the RBI data. 

Rupee weakens against US Dollar: Indian rupee settled marginally down against the US dollar, weighed down by a strong American currency and foreign fund outflows.

Global front: European markets were trading mostly in green with investors continuing to assess recent earnings announcements, and looking ahead to a fresh batch of economic data from the region and the U.S. Asian markets settled higher as a temporary tariff truce materialized between the U.S. and China wherein China agreed to buy more U.S. energy.

Finally, the BSE Sensex rose 39.78 points or 0.05% to 83,978.49 and the CNX Nifty was up by 41.25 points or 0.16% to 25,763.35. 

The BSE Sensex touched high and low of 84,127.00 and 83,609.54 respectively. There were 14 stocks advancing against 16 stocks declining on the index.   

The broader indices ended in green; the BSE Mid cap index rose 0.62%, while Small cap index was up by 0.71%.

The top gaining sectoral indices on the BSE were Telecom up by 2.90%, Realty up by 2.26%, Healthcare up by 1.14%, Oil & Gas up by 0.96% and PSU up by 0.74%, while Utilities down by 0.25%, Consumer Durables down by 0.22%, IT down by 0.12%, FMCG down by 0.06% and Industrials down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.70%, Tata Motors up by 1.69%, Eternal up by 1.48%, SBI up by 1.41% and Bharti Airtel up by 0.93%. On the flip side, Maruti Suzuki down by 3.37%, ITC down by 1.50%, TCS down by 1.36%, Larsen & Toubro down by 1.27% and Bharat Electronics down by 0.92% were the top losers.

Meanwhile, the 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.

CNX Nifty touched high and low of 25,803.10 and 25,645.50 respectively. There were 32 stocks advancing against 18 stocks declining on the index.    

The top gainers on Nifty were Shriram Finance up by 6.18%, Tata Consumer Product up by 2.62%, Apollo Hospital up by 2.00%, Mahindra & Mahindra up by 1.89% and Tata Motors Passenger up by 1.80%. On the flip side, Maruti Suzuki down by 3.41%, ITC down by 1.51%, TCS down by 1.26%, Larsen & Toubro down by 1.24% and JSW Steel down by 0.92% were the top losers. 

European markets were trading mostly in green; UK’s FTSE 100 increased 12.31 points or 0.13% to 9,729.56 and Germany’s DAX gained 25.8 points or 0.11% to 23,984.10, while France’s CAC fell 11.07 points or 0.14% to 8,110.00.

Asian markets settled higher on Monday tracking Wall Street’s gains last Friday, supported by Amazon’s strong quarterly results. Investors were awaiting US ADP employment data and US ISM PMI figures due this week. Investors also monitored the latest trade developments after the White House released details of a new trade and economic agreement reached between US President Donald Trump and Chinese President Xi Jinping in South Korea, outlining steps to ease tariff tensions, restore market access, and enhance cooperation on drug control. South Korea's Kospi breached the 4,200 mark for the first time in history, with Computer chip maker SK Hynix soared 10.91% following Nvidia's announcement on Friday to supply up to 260,000 units of artificial intelligence chips to South Korea. Chinese shares gained despite disappointing PMI data, with a private gauge of China's manufacturing activity dropping to 50.6 in October from 51.2 in September. Japanese market was closed for Culture Day holiday. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,976.52

21.73

0.55

Hang Seng

26,158.36

251.71

0.97

Jakarta Composite

8,275.08

111.21

1.36

KLSE Composite

1,622.42

13.27

0.82

Nikkei 225

--

--

--

Straits Times

4,444.33

15.71

0.35

KOSPI Composite

4,221.87

114.37

2.78

Taiwan Weighted

28,334.59

101.24

0.36
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