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Indices remain in red in late morning deals
Nov-07-2025

Domestic equity indices trimmed some of their losses but continued to trade in red in late morning deals owing to selling in Bharti Airtel, Tech Mahindra, HCL Technologies, TCS and Tata MotorsPassenger companies’ stocks. Meanwhile, broader indices were also trading in red with BSE Mid cap index and Small cap index falling in range of 0.25-0.45%. Persistent foreign outflows, a cautious global mood weighed on sentiments. Further, depreciation in Indian rupee against dollar also weighed down sentiments. Rupee weakened by 7 paise to 88.70 against the dollar at the Inter-bank Foreign Exchange market on account of increased demand for the American currency from importers and banks.

On the global front, Asian markets were trading mostly in red following the negative cues from US markets overnight, with tech-heavy markets of South Korea and Japan leading the losses in the region on tumbling artificial intelligence-related stocks. Back home, on the BSE sectoral front, traders were seen piling up positions in Metal, Basic Materials, Oil & Gas and Energy, while selling was witnessed in TECK, Telecom, Consumer Durables IT and Power.

The BSE Sensex is currently trading at 83015.54, down by 295.47 points or 0.35% after trading in a range of 82670.95 and 83150.15. There were 11 stocks advancing against 19 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.27%, while Small cap index down by 0.45%.

The top gaining sectoral indices on the BSE were Metal up by 0.52%, Basic Materials up by 0.16%, Oil & Gas up by 0.08% and Energy up by 0.08%, while TECK down by 1.71%, Telecom down by 1.01%, Consumer Durables down by 0.88%, IT down by 0.78% and Power down by 0.55% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports up by 1.42%, ICICI Bank up by 1.12%, Bharat Electronics up by 0.89%, Power Grid up by 0.70% and Mahindra & Mahindra up by 0.49%. On the flip side, Bharti Airtel down by 4.48%, Tech Mahindra down by 1.13%, HCL Technologies down by 1.08%, TCS down by 1.03% and Tata MotorsPassenger down by 0.97% were the top losers.

Meanwhile, the commerce ministry has said that the next round of negotiations between India and the South American nation Peru are proposed to be held in January 2026 in the national capital. India and Peru have concluded the ninth round of negotiations on November 5. The ministry noted that the discussions witnessed substantive progress across key chapters of the proposed agreement, including trade in goods and services, rules of origin, technical barriers to trade, customs procedures, dispute settlement, and critical minerals.

The Minister of Foreign Trade and Tourism of Peru, Teresa Stella Mera Gomez, has reaffirmed the Peru's commitment to the timely conclusion of the negotiations, highlighting the complementarity between both economies and expressing optimism that the agreement will enhance trade and investment flows. Further, Ambassador of India to Peru, Vishvas Vidu Sapkal has noted that the agreement would create new opportunities for cooperation in areas like critical minerals, pharmaceuticals, automobiles, textiles and food processing. The commerce ministry has said that India's growing trade engagement with Peru and Chile reflects its strategic focus on building stronger partnerships with the Latin American region through mutually beneficial and comprehensive economic cooperation frameworks.

The Peru has emerged as India’s third-largest trading partner in the Latin American and Caribbean regions. In 2024-25, India's exports to Peru rose by about 9 per cent to $1 billion, while imports grew 60 per cent to $4.98 billion. India's main exports to Peru include motorcycles and three-wheelers, polyester and cotton yarns, pharmaceuticals, iron and steel products, plastic products, rubber, pipes for the oil and gas industry, tyres and pipes, among others. On the other hand, the gold, copper, synthetic filaments, phosphates of calcium, fresh grapes, and fish flour are the main imports from Peru.

The CNX Nifty is currently trading at 25439.70, down by 70.00 points or 0.27% after trading in a range of 25318.45 and 25447.10. There were 21 stocks advancing against 29 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 2.62%, Shriram Finance up by 1.68%, Adani Ports up by 1.42%, ICICI Bank up by 1.16% and Bharat Electronics up by 0.86%. On the flip side, Bharti Airtel down by 4.32%, Apollo Hospital down by 1.44%, Wipro down by 1.16%, Tech Mahindra down by 1.11% and Bajaj Auto down by 1.10% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 824.68 points or 1.62% to 50,059.00, Taiwan Weighted lost 222.96 points or 0.81% to 27,676.49, Shanghai Composite weakened 5.18 points or 0.13% to 4,002.58, KOSPI dropped 79.37 points or 1.97% to 3,947.08, Hang Seng declined 282.9 points or 1.07% to 26,203.00 and Straits Times fell 3.76 points or 0.08% to 4,481.23. However, Jakarta Composite gained 23.78 points or 0.28% to 8,360.84.
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