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Indices trade slightly in green in early deals
Dec-04-2025

Indian equity markets have made cautious start and are trading slightly in green in early deals on Thursday on account of buying in TCS, HCL Technologies, Bharat Electronics, Tata MotorsPassenger and Asian Paints companies’ stocks. Traders were getting some encouragement as European Union (EU) Ambassador to India Herve Delphin has said that there is strong political commitment from both sides to conclude the revamped India-EU Free Trade Agreement by the end of 2025. Traders took note of report that Finance Minister Nirmala Sitharaman said that the International Monetary Fund (IMF) appreciated India's healthy economic performance and did not question its growth figures. On the BSE sectoral front, traders were seen pilling up positions in IT, Auto, TECK, Metal and Basic Materials, while selling was witnessed in Utilities, Healthcare, Bankex, Power and Realty. 

On the global front, Asian markets were trading mostly in green following positive cues from the US markets overnight. Back home, in the stock specific development, RVNL gained after a Rs 145-crore order win from Southern Railway.

The BSE Sensex is currently trading at 85132.79, up by 25.98 points or 0.03% after trading in a range of 84949.98 and 85165.69. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices were trading in mixed; the BSE Mid cap index was up by 0.10%, while Small cap index down by 0.04%.

The top gaining sectoral indices on the BSE were IT up by 0.65%, Auto up by 0.47%, TECK up by 0.46%, Metal up by 0.40% and Basic Materials up by 0.18%, while Utilities down by 0.23%, Healthcare down by 0.17%, Bankex down by 0.14%, Power down by 0.13% and Realty down by 0.11% were the top losing indices on BSE.

The top gainers on the Sensex were TCS up by 1.26%, HCL Technologies up by 0.88%, Bharat Electronics up by 0.71%, Tata MotorsPassenger up by 0.62% and Asian Paints up by 0.44%. On the flip side, Hindustan Unilever down by 1.20%, Eternal down by 0.84%, Titan down by 0.70%, Power Grid down by 0.48% and Ultratech Cement down by 0.44% were the top losers.

Meanwhile, European Union (EU) Ambassador to India Herve Delphin has said that there is strong political commitment from both sides to conclude the revamped India-EU Free Trade Agreement by the end of 2025. Delphin said of the 23 chapters under discussion, 11 have already been closed. Important chapters still under negotiation include market access for cars, steel, some aspects of services and investment and technical barriers to trade.

Delphin stated that a 40-member EU negotiator team is arriving in Delhi this week to resolve lingering hurdles. Current bilateral goods trade stands at approximately $136 billion, making the EU India's third-largest trading partner after the US and China. He emphasised that the agreement is WTO-compatible and not a zero-sum game. EU and India combined represent 25 per cent of world GDP and 25 per cent of global population, he said, describing the partnership as a long-term strategic investment rather than short-term portfolio play.

He emphasized ‘We are investing in the great potential of India because we also value India as a shaper of the future world order’. On people-to-people ties, he revealed that Indians are the largest beneficiaries of the EU Blue Card scheme for skilled workers, with around 21,000 Indian professionals availing the facility. Indian migrant numbers in the EU have risen ten-fold since the 1990s to reach 8,20,500 by the end of 2023, reflecting growing interdependence.

He stated ‘There's been a tenfold increase in the number of Indian migrants in the EU since the 90s. So now it's about 820,500 by the end of 2023 and I'm pretty sure if we add figures for 2024 and 25 we end up on the higher end. And the main drivers of this migration is employment and education.’ Besides, he said that India and EU are also discussing a comprehensive framework for mobility. Launched in 2007 as the EU-India Broad-based Trade and Investment Agreement (BTIA), negotiations faltered in 2013 over contentious issues like tariffs on dairy and automobiles, and intellectual property rights. Revived in June 2022 following high-level engagements, the pact now aims to boost bilateral trade, currently valued at around $136 billion.

The CNX Nifty is currently trading at 26000.80, up by 14.80 points or 0.06% after trading in a range of 25938.95 and 26001.95. There were 26 stocks advancing against 24 stocks declining on the index.

The top gainers on Nifty were TCS up by 1.29%, HCL Technologies up by 0.87%, Bharat Electronics up by 0.83%, Eicher Motors up by 0.80% and Wipro up by 0.69%. On the flip side, Interglobe Aviation down by 1.30%, Hindustan Unilever down by 0.82%, Max Healthcare Inst down by 0.77%, Eternal down by 0.72% and Titan down by 0.71% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 847.32 points or 1.7% to 50,712.00, Jakarta Composite gained 26.42 points or 0.31% to 8,638.21, Shanghai Composite strengthened 1.52 points or 0.04% to 3,879.52 and Hang Seng advanced 60.27 points or 0.23% to 25,821.00. However, Straits Times fell 12.89 points or 0.28% to 4,541.63, Taiwan Weighted lost 103.92 points or 0.37% to 27,689.12 and KOSPI dropped 30.95 points or 0.77% to 4,005.35.


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