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Key gauges extend losses in morning deals
Nov-14-2025

Indian equity benchmarks extended losses in morning deals, as weak global market trends and jitters ahead of the Bihar election outcome weighed on the investor sentiments. Continuous foreign fund outflows also dampened the sentiments for investors. Foreign institutional investors remained net sellers for the fourth day in a row and offloaded equities worth Rs 383.68 crore on Thursday. Some concern came as industry lobby Assocham has stated that critical barriers, including crippling regulatory delays, high compliance costs and a lack of effective single window systems, are holding back micro, small and medium enterprises (MSMEs) from realising their potential. Separately, India has imposed an anti-dumping duty of $121.55 per tonne on imports of hot rolled flat steel products imported from Vietnam for five years. The move is aimed at protecting domestic manufacturers from cheap imports. On the global front, Asian markets are trading mostly in red as traders became cautious about next month’s US Federal Reserve interest rate decision, along with ongoing concerns of a possible tech bubble.

The BSE Sensex is currently trading at 84173.23, down by 305.44 points or 0.36% after trading in a range of 84042.75 and 84464.94. There were 14 stocks advancing against 17 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.20%, while Small cap index was down by 0.08%.

The top gaining sectoral indices on the BSE were Consumer Durables up by 0.30%, Telecom up by 0.17%, Power up by 0.15%, Utilities up by 0.12% and Healthcare up by 0.08%, while IT down by 1.34%, TECK down by 1.09%, Metal down by 0.73%, Realty down by 0.69% and Basic Materials down by 0.60% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 1.02%, Adani Ports & SEZ up by 0.95%, Axis Bank up by 0.73%, Eternal up by 0.69% and Asian Paints up by 0.55%. On the flip side, Infosys down by 2.48%, Tata Steel down by 1.59%, Tech Mahindra down by 1.10%, ICICI Bank down by 1.02% and Maruti Suzuki down by 0.92% were the top losers.

Meanwhile, Crisil Ratings in its latest report has said that the domestic construction equipment industry will continue to clock 2-4 per cent volume growth this fiscal year and the next, amid subdued domestic demand on account of moderating real estate growth and slower road construction. However, it said revenue is expected to rise 6-8 per cent this fiscal year and the next, driven by selective price hikes that partly offset higher compliance costs. 

Firm export realisations and stable steel prices will help mitigate pricing pressure from low-cost imports, limiting the contraction in operating margin to 11 per cent from around 12 per cent last fiscal year. A disciplined approach to capital expenditure will keep the companies' leverage in check and credit profiles stable. It said ‘Our analysis of 17 manufacturers, accounting for nearly three-fourths of the industry volume, indicates as much.’ Sales of construction equipment are driven by roads, mining, real estate, and other sectors such as railways, water supply and power.

In terms of product mix, earthmoving machinery accounts for 70 per cent of volume, with material handling 12 per cent, concrete equipment 10 per cent, road equipment 5 per cent, and material processing equipment 2 per cent making up the rest. In FY25, domestic sales accounted for 90 per cent of total construction equipment volume, and exports for the rest. 

The CNX Nifty is currently trading at 25783.35, down by 95.80 points or 0.37% after trading in a range of 25764.90 and 25879.15. There were 18 stocks advancing against 33 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 1.39%, JIO Financial Services up by 1.17%, Trent up by 1.01%, Adani Ports &SEZ up by 0.93% and Eternal up by 0.76%. On the flip side, Infosys down by 2.43%, Eicher Motors down by 1.82%, Tata Steel down by 1.66%, ONGC down by 1.44% and JSW Steel down by 1.43% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 936.83 points or 1.83% to 50,345.00, Taiwan Weighted lost 431.95 points or 1.55% to 27,471.61, Shanghai Composite weakened 9.31 points or 0.23% to 4,020.19, KOSPI dropped 132.68 points or 3.18% to 4,037.95, Hang Seng declined 372.03 points or 1.37% to 26,701.00 and Straits Times fell 35.59 points or 0.78% to 4,540.32.

On the flip side, Jakarta Composite gained 12.44 points or 0.15% to 8,384.44. 


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