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Markets trade flat with positive bias in late afternoon session
Nov-07-2025

Indian equity markets traded flat with positive bias in late afternoon session after jumping back and forth across the unchanged lines. Markets recovered from early losses in afternoon session as bargain hunters opted to buy fundamentally strong stocks at lower rate following the recent pullback. However, gains remained capped as persistent selling from Foreign Institution Investors (FIIs) weighed on trading sentiments. The FIIs were the net sellers on Thursday’s trade, offloading equities worth Rs 3,263.21 crore. Moreover, weak cues from global markets have kept the risk appetite subdued. 

On the global front, Asian equity markets were trading mostly in red tracking negative cues from Wall Street overnight. European equity markets were trading lower amid persisting concerns about overvaluation in AI-related stocks.

The BSE Sensex is currently trading at 83340.12, up by 29.11 points or 0.03% after trading in a range of 82670.95 and 83390.11. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index surged 0.33%, while Small cap index was up by 0.13%.

The top gaining sectoral indices on the BSE were Metal up by 1.59%, Basic Materials up by 0.80%, PSU up by 0.77%, Auto up by 0.74% and Bankex up by 0.48%, while TECK down by 1.35%, Telecom down by 0.91%, FMCG down by 0.41%, IT down by 0.37%, Consumer Durables down by 0.33% were the top losing indices on BSE.

The top gainers on the Sensex were Bajaj Finance up by 2.72%, Tata Steel up by 2.57%, Mahindra & Mahindra up by 2.41%, ICICI Bank up by 1.80% and Bharat Electronics up by 1.70%. On the flip side, Bharti Airtel down by 4.12%, Tech Mahindra down by 1.58%, TCS down by 0.95%, Reliance Industries down by 0.85% and Hindustan Unilever down by 0.83% were the top losers.

Meanwhile, Finance Minister Nirmala Sitharaman has said that the country needs big and world-class banks, and discussions are on with the Reserve Bank of India (RBI) and lenders in this regard. She said before the government takes a call on this, a lot of the work has to be done, including taking inputs from the RBI as to how they want to build larger banks. She said ‘it is not by creating from those which exist today...just by amalgamation that can also be one of the routes, but you need an ecosystem and an environment in which more banks can operate and operate to grow. So, that environment is actually well established in India, but I needed to be more dynamic. So, some work is happening on it’.

Addressing the 12th SBI Banking and Economics Conclave 2025, she asked lenders to deepen and widen credit flow to the industry, exuding confidence that GST rate cut-driven demand would unleash a virtuous investment cycle. She advised that access to finance is absolutely critical and that a system-driven, transparent lending process is essential. She emphasised that infrastructure creation is the government’s main focus, and capital expenditure has increased fivefold in the last decade.   

Talking about fiscal prudence, she said the government is maintaining a sustained self-reliance principle in making sure that the fiscal discipline is never threatened. She said balancing growth spending with fiscal stability ensures macroeconomic resilience, keeps inflation in check, and preserves investor confidence. She also said the government's goods and services tax reforms, which took effect on September 22, kick-started private capital expenditure, with companies seeing confidence in consumption demand.

The CNX Nifty is currently trading at 25518.80, up by 9.10 points or 0.04% after trading in a range of 25318.45 and 25551.25. There were 32 stocks advancing against 18 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 3.04%, Bajaj Finance up by 2.89%, Adani Enterprises up by 2.72%, Mahindra & Mahindra up by 2.51% and Tata Steel up by 2.44%. On the flip side, Bharti Airtel down by 4.17%, Tata Consumer Products down by 2.18%, Apollo Hospitals Enterprises down by 1.85%, Interglobe Aviation down by 1.47% and Tech Mahindra down by 1.46% were the top losers.

Asian equity markets were trading mostly in red; Nikkei 225 slipped 743.68 points or 1.48% to 50,140.00, Hang Seng declined 250.9 points or 0.96% to 26,235.00, Taiwan Weighted lost 248.04 points or 0.9% to 27,651.41, Straits Times fell 0.57 points or 0.01% to 4,484.42 and Shanghai Composite weakened 10.2 points or 0.26% to 3,997.56, while Jakarta Composite gained 54.33 points or 0.65% to 8,391.39 and KOSPI dropped 72.69 points or 1.84% to 3,953.76.

European equity markets were trading lower; UK’s FTSE 100 decreased 33.98 points or 0.35% to 9,701.80, France’s CAC fell 0.97 points or 0.01% to 7,963.80 and Germany’s DAX lost 39.72 points or 0.17% to 23,694.30.

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