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Key gauges continue to trade marginally lower in morning deals
Nov-04-2025

Indian equity benchmarks continued to trade marginally lower in morning deals, amid persistent foreign fund outflows and weak trend in Asian markets. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,883.78 crore on Monday, according to exchange data. However, losses remained capped as some support came with a joint report by policy think tanks ICRIER and RIS stating that India stands to reduce trade costs and significantly boost export competitiveness by embracing paperless trading systems, with such initiatives expected to cut trade costs of economies in the Asia-Pacific region by about 25 per cent. Besides, the commerce ministry said that officials of India and New Zealand have started the fourth round of negotiations in Auckland for the proposed free trade agreement. On the global front, Asian markets were trading mostly in red as investors stayed on the sidelines amid uncertainty over the U.S. Federal Reserve’s next move on rates. 

The BSE Sensex is currently trading at 83859.96, down by 118.53 points or 0.14% after trading in a range of 83711.59 and 84068.01. There were 6 stocks advancing against 24 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index rose 0.13%, while Small cap index was down by 0.14%.

The top gaining sectoral indices on the BSE were Telecom up by 1.38%, Consumer Durables up by 0.60%, TECK up by 0.30%, Oil & Gas up by 0.23% and Capital Goods up by 0.21%, while Utilities down by 1.23%, Power down by 0.90%, PSU down by 0.62%, IT down by 0.58% and Auto down by 0.53% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 2.09%, Titan Company up by 2.02%, Reliance Industries up by 0.26%, HDFC Bank up by 0.11% and Mahindra & Mahindra up by 0.07%. On the flip side, Power Grid Corporation down by 2.74%, Eternal down by 1.46%, Tata Motors Passenger down by 1.32%, NTPC down by 1.31% and HCL Technologies down by 1.08% were the top losers.

Meanwhile, the commerce ministry has said that officials of India and New Zealand started the fourth round (November 3-7, 2025) of negotiations in Auckland for the proposed free trade agreement (FTA). Commerce and Industry Minister Piyush Goyal will reach Auckland this week to meet his New Zealand counterpart Todd McClay to review the progress of the negotiations. Negotiations in this round are focusing on key areas, including trade in goods and services, and Rules of Origin. 

The ministry said ‘Both sides are working constructively to build on the progress achieved in earlier rounds, to reach convergence on outstanding issues and move towards the early conclusion of the FTA’.  The FTA negotiations was formally launched on March 16, 2025. The third round of negotiations for the agreement concluded on September 19 in Queenstown, New Zealand. India's bilateral merchandise trade with New Zealand stood at $1.3 billion in 2024-25, registering a growth of nearly 49 per cent over the previous year.

The proposed FTA is expected to further boost trade flows, promote investment linkages, strengthen supply chain resilience, and create a predictable framework for businesses in both countries. New Zealand's average import tariff is just 2.3 per cent. In a free trade agreement, two countries either significantly reduce or eliminate customs duties on maximum number of goods traded between them. They also ease norms to promote trade in goods and services.

India's key goods exports to New Zealand include clothing, fabrics, and home textiles; medicines and medical supplies; refined petrol; agricultural equipment and machinery such as tractors and irrigation tools, auto, iron and steel, paper products, electronics, shrimps, diamonds, and basmati rice. The main imports are agricultural goods, minerals, apples, kiwifruit, meat products such as lamb, mutton, milk albumin, lactose syrup, coking coal, logs and sawn timber, wool, and scrap metals.

The CNX Nifty is currently trading at 25710.50, down by 52.85 points or 0.21% after trading in a range of 25673.90 and 25787.40. There were 14 stocks advancing against 36 stocks declining on the index.

The top gainers on Nifty were Bharti Airtel up by 2.15%, Titan Company up by 2.07%, HDFC Life Insurance up by 0.75%, Apollo Hospital up by 0.63% and Adani Enterprises up by 0.24%. On the flip side, Tata Consumer Product down by 2.87%, Power Grid Corporation down by 2.76%, Coal India down by 2.54%, Eternal down by 1.66% and Bajaj Auto down by 1.53% were the top losers. 

Asian markets were trading mostly in red; Nikkei 225 slipped 243.34 points or 0.46% to 52,168.00, Taiwan Weighted lost 260.55 points or 0.92% to 28,074.04, Shanghai Composite weakened 9.29 points or 0.23% to 3,967.23, KOSPI dropped 79.96 points or 1.89% to 4,141.91, Hang Seng declined 10.36 points or 0.04% to 26,148.00 and Straits Times fell 0.75 points or 0.02% to 4,443.58.

On the flip side, Jakarta Composite gained 21.1 points or 0.25% to 8,296.18.
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