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Sensex, Nifty trade under pressure amid global sell-off
Nov-07-2025

Indian equity benchmarks made gap-down opening on Friday tracking sell-off on the Wall Street overnight as well as weakness in Asian counterparts amid concerns about an AI bubble burst. Concerns about high tech valuations also dented investors' sentiments for riskier assets. Higher crude oil futures in early deals, also weighed on market sentiments. Sensex and Nifty were trading with cut of over half a percent each in early deals amid persistent foreign outflows. Foreign institutional investors (FIIs) were net sellers of shares worth Rs 3,263.21 crore on November 6, 2025. Broader indices - BSE Mid & Small cap indices were underperforming larger peers, with losses of around a percent each. Meanwhile, U.S. President Donald Trump reportedly hinted at increasing alignment between Washinton and New Delhi on energy imports and said that he would visit India next year.

The BSE Sensex is currently trading at 82787.17, down by 523.84 points or 0.63% after trading in a range of 82670.95 and 83150.15. There were 4 stocks advancing against 26 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.94%, while Small cap index was down by 1.23%.

The top losing sectoral indices on the BSE were Telecom down by 2.03%, TECK down by 2.00%, Consumer Durables down by 1.34%, Realty down by 1.29% and IT down by 1.25%, while there was no gainer on the BSE sectoral front.

The top gainers on the Sensex were ICICI Bank up by 0.66%, ITC up by 0.33%, Sun Pharma up by 0.24% and Power Grid up by 0.20%. On the flip side, Bharti Airtel down by 4.08%, HCL Technologies down by 1.63%, TCS down by 1.32%, SBI down by 1.28% and Tech Mahindra down by 1.27% were the top losers.

Meanwhile, expressing hopes that the free trade agreement (FTA) with New Zealand will be finalised soon, Commerce and Industry Minister Piyush Goyal has said that talks are progressing fast between India and New Zealand. He is on a four-day official visit to New Zealand to review progress of the FTA negotiations between the two countries with his New Zealand counterpart Todd McClay. Goyal said ‘I believe this is a historic visit also because we are going to finalise the FTA very soon’. He added that both sides are respecting each other's sensitivities. He noted ‘Our teams have done a wonderful job. The few nuances that need to be addressed are before us. A lot of things, in the spirit of accommodation, have been closed.

Officials of India and New Zealand are holding the fourth round of negotiations in Auckland for the proposed free trade agreement. Negotiations in this round are focusing on key areas, including trade in goods and services, and Rules of Origin. The FTA negotiations were 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 the maximum number of goods traded between them. They also ease norms to promote trade in goods and services.

India and New Zealand began negotiating the Comprehensive Economic Cooperation Agreement (CECA) in April 2010 to boost trade in goods, services, and investment. After nine rounds of discussions, however, the talks stalled in 2015. 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 25354.25, down by 155.45 points or 0.61% after trading in a range of 25318.45 and 25447.10. There were 9 stocks advancing against 41 stocks declining on the index.

The top gainers on Nifty were ICICI Bank up by 0.64%, Max Healthcare Inst up by 0.32%, HDFC Life Insurance up by 0.28%, ITC up by 0.27% and Sun Pharma up by 0.27%. On the flip side, Bharti Airtel down by 4.10%, HCL Technologies down by 1.62%, JIO Financial Services down by 1.44%, Wipro down by 1.38% and TCS down by 1.35% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 999.68 points or 1.96% to 49,884.00, Hang Seng declined 286.9 points or 1.1% to 26,199.00, Taiwan Weighted lost 131.26 points or 0.47% to 27,768.19, KOSPI dropped 115.01 points or 2.86% to 3,911.44 and Shanghai Composite weakened 6.52 points or 0.16% to 4,001.24. On the other hand, Jakarta Composite gained 21.64 points or 0.26% to 8,358.70 and Straits Times was up by 2.53 points or 0.06% to 4,487.52.
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