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Indices remain in red in late morning deals
Nov-18-2025

Domestic Indices remained in red and were trading lower with cut of around quarter percent in late morning deals owing to selling in Tech Mahindra, Infosys, Bajaj Finserv, Bajaj Finance and Larsen & Toubro companies’ stocks. Meanwhile, broader indices underperformed their large peers with BSE Small cap index and Mid cap index falling in the range of 0.65-0.70%. Weak cues from the global markets weighed on the domestic sentiments. Sentiments remained weak as the commerce ministry in its latest data has showed that India’s merchandise exports contracted 11.8 per cent to $34.38 billion in October 2025 as compared to $38.98 billion in October 2024.  On the BSE sectoral front, traders were seen piling up positions only in Bankex and Telecom, while selling was witnessed in Realty, Metal, IT, Basic Materials and Industrials.  

On the global front, Asian markets were trading in red following negative cues from US markets overnight, amid ongoing concerns about the market valuation, especially among technology shares. Back home, in the stock specific development, PhysicsWallah listed at 31% premium on the BSE. 

The BSE Sensex is currently trading at 84758.05, down by 192.90 points or 0.23% after trading in a range of 84558.36 and 85042.41. There were 6 stocks advancing against 24 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.69%, while Small cap index down by 0.66%.

The only gaining sectoral indices on the BSE were Bankex up by 0.06% and Telecom up by 0.03%, while Realty down by 1.32%, Metal down by 1.04%, IT down by 0.91%, Basic Materials down by 0.85% and Industrials down by 0.77% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 1.90%, Axis Bank up by 0.98%, Asian Paints up by 0.32%, Eternal up by 0.19% and Maruti Suzuki up by 0.06%. On the flip side, Tech Mahindra down by 1.47%, Infosys down by 1.11%, Bajaj Finserv down by 1.06%, Bajaj Finance down by 1.02% and Larsen & Toubro down by 0.95% were the top losers.

Meanwhile, the investigation arm of the Commerce Ministry, Directorate General of Trade Remedies (DGTR) has recommended imposition of provisional antidumping duty (ADD) on low ash metallurgical coke from six countries - Australia, China, Colombia, Indonesia, Japan and Russia. The duty is aimed at safeguarding domestic players from cheap imports. In its preliminary findings, DGTR has concluded that the product has been exported to India at a price below the normal value, resulting in dumping.

The action came following the application filed by the Indian Metallurgical Coke Manufacturers Association on the behalf of the domestic industry for initiation of an anti-dumping investigation on the imports from these countries. Further, the recommended duty ranges between $73.55 per ton and $130.66 per ton. The final decision of imposition of the ADD will be taken by finance ministry.

Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organisation (WTO). Both India and China are members of multilateral organisations that deal with global trade norms. The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters. India has already imposed ADD on several products to tackle cheap imports from various countries, including China.

The CNX Nifty is currently trading at 25943.20, down by 70.25 points or 0.27% after trading in a range of 25877.10 and 26029.85. There were 12 stocks advancing against 38 stocks declining on the index.

The top gainers on Nifty were Bharti Airtel up by 1.84%, Axis Bank up by 1.21%, Shriram Finance up by 0.85%, Max Healthcare Inst up by 0.53% and Bajaj Auto up by 0.43%. On the flip side, Interglobe Aviation down by 1.87%, Hindalco down by 1.55%, Tech Mahindra down by 1.53%, Tata Consumer down by 1.26% and Infosys down by 1.09% were the top losers.

All Asian markets were trading lower; Nikkei 225 slipped 1472.91 points or 2.93% to 48,851.00, Taiwan Weighted lost 585.33 points or 2.18% to 26,861.98, Jakarta Composite plunged 32.29 points or 0.39% to 8,384.59, Shanghai Composite weakened 21.62 points or 0.54% to 3,950.41, KOSPI dropped 125.87 points or 3.18% to 3,963.38, Hang Seng declined 389.28 points or 1.48% to 25,995.00 and Straits Times fell 19.96 points or 0.44% to 4,523.63.
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