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EQUITY
Key gauges end lower on Tuesday
Nov-04-2025

Indian equity benchmarks ended over half percent lower on Tuesday amid persistent foreign fund outflows and weak trend in Asian and European markets. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,883.78 crore on Monday, according to exchange data. 

Some of the important factors in trade:

India, New Zealand start fourth round of talks on free trade agreement: 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). 

Rupee rebounds vs US Dollar: Indian rupee recovered from the record low level and settled with a gain against the US dollar boosted by falling crude oil prices overseas. 

US-APAC trade deals reduce uncertainty: Fitch Ratings has said that the bilateral trade agreements between the US and several APAC countries reduce uncertainty around the outlook for Asia's exporters, and could marginally increase the GDP growth of these nations over the next few years. 

Steel stocks in watch: The Ministry of Steel, Government of India, is all set to launch the Third Round (PLI 1.2) of the Production Linked Incentive (PLI) Scheme for Specialty Steel, one of the key initiatives under the Government’s Atmanirbhar Bharat vision. 

Global front: European markets were trading lower as mixed earnings, weak U.S. manufacturing data and cautious comments from Federal Reserve officials over the path of interest rates soured investors' appetite for riskier assets.  Asian markets ended mostly down as a tech rally fizzled out due to valuation concerns and investors weighed mixed messages from Federal Reserve officials over the path of interest rates.

Finally, the BSE Sensex fell 519.34 points or 0.62% to 83,459.15 and the CNX Nifty was down by 165.70 points or 0.64% to 25,597.65. 

The BSE Sensex touched high and low of 84,068.01 and 83,412.77 respectively. There were 5 stocks advancing against 25 stocks declining on the index.   

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

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.

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 Corporation 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 1.76% were the top losers.

Meanwhile, NITI Aayog in its report titled 'Reimagining Agriculture: A Roadmap for Frontier Technology Led Transformation' has projected India's rapidly advancing bioeconomy sector which encompasses agriculture, forestry, fisheries, and aquaculture to reach $300 billion by 2030. It emphasized that a robust agricultural system is essential for a nation's sovereignty, ensuring the fundamental imperative of food security. It added that agricultural transformation lies at the heart of India's vision to become a developed nation by 2047.

With an aim to enhance productivity, sustainability, and incomes across India's diverse agricultural landscape, the report has outlined a strategic vision to harness frontier technologies, including climate-resilient seeds, digital twins, precision agriculture, agentic AI, and advanced mechanisation. NITI Aayog CEO BVR Subrahmanyam noted that no two farmers in India are the same, and technology must reflect that diversity.  Subrahmanyam added 'The real impact of frontier technologies will come from how well we customize solutions -- whether for a smallholder or a commercial cultivator; a farmer growing staples or a horticulturist.'

To address the varied challenges faced by smallholders to commercial cultivators, the report has offered tailored, actionable solutions by segmenting farmers into three primary archetypes -- aspiring (70 to 80 per cent), transitioning (15 to 20 per cent), and advanced (1 to 2 per cent). Further, it noted that with the right interventions, India can unlock new levels of agricultural resilience, inclusive rural prosperity, and global competitiveness in Agri-tech innovation.

CNX Nifty touched high and low of 25,787.40 and 25,578.40 respectively. There were 8 stocks advancing against 42 stocks declining on the index.    

The top gainers on Nifty were Titan Company up by 2.30%, Bharti Airtel up by 1.74%, Bajaj Finance up by 1.11%, Mahindra & Mahindra up by 1.00% and HDFC Life Insurance up by 0.92%. On the flip side, Power Grid Corporation down by 3.19%, Eternal down by 2.82%, Adani Enterprises down by 2.72%, Tata Motors Passenger down by 2.40% and Hindalco Industries down by 1.93% were the top losers.

European markets were trading lower; UK’s FTSE 100 decreased 76.52 points or 0.79% to 9,624.85, France’s CAC fell 103.59 points or 1.28% to 8,006.20 and Germany’s DAX lost 347.81 points or 1.44% to 23,784.60.

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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