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Bourses trade with losses in early afternoon session
Nov-06-2025

In volatile trading session, Indian markets traded in red during early afternoon session. As for broader indices, BSE Mid cap index and Small cap index traded with cut of over one percent each. Traders took note of report that the seasonally adjusted HSBC India Services PMI Business Activity Index slowed down to 58.9 in October from 60.9 in September. Further, the HSBC India Composite PMI Output Index -- which measures both manufacturing and services -- also eased to 60.4 in October as against 61.0 in September. Investors overlooked Commerce and Industry Minister Piyush Goyal’s statement that India and the U.S. are holding continuous discussions for the proposed bilateral trade agreement. On the global front, all Asian markets were trading higher amid upbeat private US economic data and growing expectations that the US Supreme Court may reject the Trump administration's aggressive trade policy. 

The BSE Sensex is currently trading at 83435.54, down by 23.61 points or 0.03% after trading in a range of 83357.93 and 83846.35. There were 15 stocks advancing against 15 stocks declining on the index. 

The broader indices were trading in red; the BSE Mid cap index declined 1.05%, while Small cap index was down by 1.34%.

The top losing sectoral indices on the BSE were Metal down by 2.22%, Utilities down by 2.09%, Power down by 1.82%, Basic Materials down by 1.70% and Realty was down by 1.58%, while there were no gaining sectoral indices on the BSE. 

The top gainers on the Sensex were Asian Paints up by 4.65%, Reliance Industries up by 1.63%, Mahindra & Mahindra up by 1.39%, Ultratech Cement up by 1.26% and TCS up by 0.54%. On the flip side, Power Grid Corp down by 2.94%, Eternal down by 2.76%, Bharat Electronics down by 1.66%, NTPC down by 1.56% and Tata Steel down by 1.37% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that India consistently protects the interests of vulnerable sectors like dairy, farmers and MSMEs in free trade agreements (FTAs). The remarks are important as New Zealand is a major dairy player in the world, and it may seek greater market access in the sector. 

The minister said that significant progress has been made in the negotiations of the proposed trade agreement with New Zealand. He said the fourth round of negotiations is underway for a pact between senior officials of India and New Zealand. He noted that both countries have agreed to respect each other's sensitivities. He added that India has never given any duty concessions in any of its previous trade agreements. Dairy and agri are politically sensitive areas.

He further said ‘we respect each other's sensitivities--we will not touch such issues and a trade deal is clearly on the table’. However, he said that India can look at increasing cooperation in farming technologies, like dairy machinery. When asked if more rounds of negotiations would happen, he said ‘we may not need many more rounds as significant progress has been made’. He also said that various sectors hold huge potential between India and New Zealand to enhance cooperation, including in defence, agriculture, space, education and tourism sectors.

The CNX Nifty is currently trading at 25550.80, down by 46.85 points or 0.18% after trading in a range of 25520.75 and 25679.15. There were 22 stocks advancing against 28 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 4.79%, Interglobe Aviation up by 2.29%, Reliance Industries up by 1.48%, Mahindra & Mahindra up by 1.33% and Ultratech Cement up by 1.14%. On the flip side, Hindalco down by 6.45%, Grasim Industries down by 6.12%, Adani Enterprises down by 3.55%, Power Grid down by 3.08% and Eternal down by 2.73% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 702.73 points or 1.38% to 50,915.00, Hang Seng advanced 485.59 points or 1.87% to 26,421.00, Taiwan Weighted added 182.39 points or 0.65% to 27,899.45, Straits Times rose 55.28 points or 1.25% to 4,472.40, Shanghai Composite strengthened 37.06 points or 0.93% to 4,006.31, KOSPI increased 22.03 points or 0.55% to 4,026.45 and Jakarta Composite was up by 18.91 points or 0.23% to 8,337.44.
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