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EQUITY
Post Session: Quick Review
Nov-04-2025

Indian equity benchmarks ended in negative terrain with significant losses on weekly F&O expiry, weighed down by continued selling from foreign institutional investors (FIIs). After making a cautious start, soon indices slipped into red, as traders remained cautious amid uncertainties surrounding over the U.S. Federal Reserve’s future rate-cut and lack of clarity on ongoing US-India trade discussions. In the final hour, intensified selling pressure dragged markets near day’s low points, with profit booking seen across key sectors.

Some of the important factors in trade:

Continued FIIs outflow: Sentiments remain downbeat as Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,883.78 crore on Monday, according to exchange data. 

India-EU FTA discussions intensify as EU negotiators arrive in New Delhi: Traders took a note of reports that a senior team of negotiators from the European Union (EU) is in New Delhi from November 3, 2025 to 7, 2025 for negotiations with Indian counterparts on the proposed India-EU Free Trade Agreement (FTA). 

Gem and Jewellery sector were in focus: The Gem and Jewellery Export Promotion Council (GJEPC) has said that India needs to establish an efficient and trade-friendly business environment to remain globally competitive with leading trade hubs and accelerate exports.

Global front: European markets were trading in red, while Asian markets ending in red as weak U.S. manufacturing data and cautious comments from Federal Reserve officials over the path of interest rates soured investors' appetite for riskier assets.

The BSE Sensex ended at 83459.15, down by 519.34 points or 0.62% after trading in a range of 83412.77 and 84068.01. There were 5 stocks advancing against 25 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 0.26%, while Small cap index down by 0.69%. (Provisional)

The few gaining sectoral indices on the BSE were Telecom up by 0.93%, and Consumer Durables up by 0.11%, while Utilities down by 1.56%, Metal down by 1.40%, Basic Materials down by 1.11%, IT down by 1.06% and Power down by 0.99% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Titan Company up by 2.28%, Bharti Airtel up by 1.89%, Bajaj Finance up by 1.16%, Mahindra & Mahindra up by 0.93% and SBI up by 0.72%. On the flip side, Power Grid Corp down by 3.13%, Eternal down by 2.79%, Tata Motors Passenger down by 2.53%, Tata Steel down by 1.86% and Maruti Suzuki down by 1.73% were the top losers. (Provisional)

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 ended at 25597.65, down by 165.70 points or 0.64% after trading in a range of 25578.40 and 25787.40. There were 9 stocks advancing against 41 stocks declining on the index. (Provisional)

The top gainers on Nifty were Titan Company up by 2.39%, Bharti Airtel up by 1.89%, Bajaj Finance up by 1.33%, Mahindra & Mahindra up by 0.91% and HDFC Life Insurance up by 0.88%. On the flip side, Power Grid Corp down by 3.11%, Coal India down by 2.83%, Eternal down by 2.82%, Tata Motors Passenger down by 2.52% and ONGC down by 2.02% were the top losers. (Provisional)

European markets were trading lower; Germany’s DAX lost 452.71 points or 1.91% to 23,679.70, France’s CAC fell 142.89 points or 1.79% to 7,966.90 and UK’s FTSE 100 decreased 126.22 points or 1.32% to 9,575.15.

Asian markets ended mostly down on Tuesday amid mixed performance from Wall Street after a survey showed economic activity in the US manufacturing sector contracted in October for the eighth consecutive month, while signs of division among US Federal Reserve policymakers also weighed on risk sentiments. Japan’s Nikkei tumbled after traders returned to their desks after a long holiday weekend. Japanese market sentiments weakened further as technology shares succumbed to profit taking and a survey showed Japan's manufacturing activity shrank at the fastest pace in 19 months in October. Seoul shares slumped amid massive foreign sell-off after the recent rally driven by expectations surrounding the Asia-Pacific Economic Cooperation (APEC) gathering last week. Meanwhile, data showed that South Korea's consumer prices rose in October at the fastest pace in more than a year. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,960.19

-16.33

-0.41

Hang Seng

25,952.4

-205.96

-0.79

Jakarta Composite

8,241.91

-33.17

-0.40

KLSE Composite

1,623.50

1.08

0.07

Nikkei 225

51,497.2

-914.14

-1.74

Straits Times

4,422.72

-21.61

-0.49

KOSPI Composite

4,121.74

-100.13

-2.37

Taiwan Weighted

28,116.56

-218.03

-0.77
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