HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Markets trade higher with notable gains amid earnings optimism
Nov-17-2025

Indian equity benchmarks have made a positive start and are trading higher with notable gains on Monday as improving second-quarter earnings expectations kept the broader mood upbeat, and Bihar election results added optimism about stability of the coalition government at the Centre. Besides, weakness in oil prices in early deals, after loadings resumed at Russia’s key Novorossiysk export hub, supported the domestic markets. Traders took note of the Commerce and Industry minister Piyush Goyal’s statement that the government is examining proposals to roll out certain relief measures to boost production in Special Economic Zones (SEZs). He also said that the ministry is looking at ways and means to promote excess capacities in these zones for use in the domestic market in India. however, upside remained capped as the Reserve Bank of India data showed that India's foreign exchange reserves dropped by another $2.699 billion to $687.034 billion during the week ended November 7.

On the global front, Asian markets were trading mixed, following the mixed cues from Wall Street on Friday, amid renewed uncertainty about the outlook for interest rates, the lofty valuation in the tech sector and the U.S. economic outlook. Besides, Japan's gross domestic product contracted a seasonally adjusted 0.4 percent on quarter in the third quarter of 2025, following the upwardly revised 0.6 percent expansion in the previous three months (originally 0.5 percent).

The BSE Sensex is currently trading at 84785.03, up by 222.25 points or 0.26% after trading in a range of 84581.08 and 84833.56. There were 20 stocks advancing against 10 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.64%, while Small cap index was up by 0.61%.

The top gaining sectoral indices on the BSE were PSU up by 0.82%, Oil & Gas up by 0.74%, Industrials up by 0.66%, Bankex up by 0.64% and Realty up by 0.62%, while IT down by 0.12% was the sole losing index on BSE.

The top gainers on the Sensex were Kotak Mahindra Bank up by 1.95%, Bharti Airtel up by 0.89%, NTPC up by 0.67%, SBI up by 0.62% and Larsen & Toubro up by 0.60%. On the flip side, Tata Motors Passenger Vehicles down by 4.78%, Tata Steel down by 0.57%, Ultratech Cement down by 0.40%, TCS down by 0.34% and HCL Technologies down by 0.30% were the top losers.

Meanwhile, with an aim to boost economic ties between India and the Eurasian Economic Union (EAEU), the commerce ministry has said that they have reviewed the roadmap for their proposed free trade agreement in goods. On August 20 this year, India and the Eurasian Economic Union bloc inked terms of reference to start formal negotiations for a proposed free trade agreement. The ministry said that Commerce Secretary Rajesh Agrawal had visited Moscow last week to hold talks with Minister in charge of Trade of the Eurasian Economic Commission Andrey Slepnev and Russian Deputy Minister of Industry and Trade Mikhail Yurin. The five members of the Eurasian Economic Union (EAEU) are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. The development is important as India is looking to diversify its export markets due to high tariffs imposed by the US. India and Russia also deliberated upon ways to boost bilateral trade to $100 billion by 2030.

It stated the commerce secretary also discussed ways to enhance trade diversification, supply-chain resilience and cooperation in critical minerals. It said ‘Both sides discussed a time-bound pathway across key sectors such as pharmaceuticals, telecom equipment, machinery, leather, automobiles and chemicals’, and added that quarterly regulator-to-regulator engagement was agreed upon to address certification requirements, listings of agricultural and marine businesses, prevention of monopolistic practices and other non-tariff issues. The dialogue also covered practical measures related to logistics, payments and standards to improve predictability and ease of doing business for firms in both countries.

With a combined GDP of about $6.5 trillion, the proposed free trade agreement is expected to expand market access for Indian exporters, support diversification into new sectors and geographies, enhance competitiveness against non-market economies, and deliver significant benefits to micro, small and medium enterprises (MSMEs). Russia is the top trading partner of India in the bloc, with bilateral trade worth $68.72 billion in 2024-25 (exports $4.88 billion and imports $63.84 billion). The high import numbers are because of crude oil imports. The bilateral trade with Armenia, Belarus, Kazakhstan, and Kyrgyzstan was $315.18 million, $106.69 million, $349.48 million, and $56.78 million, respectively, in the last fiscal year.

The CNX Nifty is currently trading at 25964.75, up by 54.70 points or 0.21% after trading in a range of 25906.35 and 25978.95. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were Kotak Mahindra Bank up by 1.70%, Shriram Finance up by 1.50%, Bajaj Auto up by 1.32%, Apollo Hospital up by 0.96% and Bharti Airtel up by 0.93%. On the flip side, Tata Motors Passenger Vehicles down by 4.35%, Tata Steel down by 0.76%, Interglobe Aviation down by 0.74%, Eternal down by 0.51% and Ultratech Cement down by 0.46% were the top losers.

Asian markets are trading mixed; Hang Seng declined 198.46 points or 0.75% to 26,374.00, Nikkei 225 slipped 166.53 points or 0.33% to 50,210.00, Shanghai Composite weakened 17.18 points or 0.43% to 3,973.31 and Straits Times fell 7.23 points or 0.16% to 4,538.84. On the other hand, Taiwan Weighted rose 122.61 points or 0.45% to 27,520.11, KOSPI increased 61.54 points or 1.53% to 4,073.11 and Jakarta Composite was up by 53.63 points or 0.64% to 8,424.07.
  RELATED NEWS >>
Most Viewed >>
November 10 , 2025
Nifty nears end of correction, key support see
November 10 , 2025
Quant Small Cap Fund: RBL Bank and NBCC among
November 11 , 2025
Top HDFC Mutual Funds Offering Micro SIPs – St
November 11 , 2025
Mutual funds allocate Rs 8,752 crore to IPOs,
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.