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Key gauges add gains in morning deals
Dec-04-2025

Indian equity benchmarks added gains in morning deals, amid value buying at lower levels. Investors are now turning their attention to the RBIs monetary policy decision scheduled for tomorrow. Traders took support with Commerce and Industry Minister Piyush Goyal stating that the country's exports, which fell by about 12 per cent in October, have registered healthy growth in November 2025. He said ‘merchandise exports are also on a strong wicket. Merchandise exports went down in October. Incidentally, November has gone up by a greater amount than what went down in October. If I aggregate October and November, there is growth in merchandise exports despite the global turmoil.’ Sector-wise, Telecom stocks remained in watch as Telecom Regulatory Authority of India (TRAI) in its latest report said that the gross revenue of the telecom service providers (TSPs) increased by 9.19% to a record high of Rs 99,828 crore in the September quarter of 2025-26 (Q2FY26) as compared to Rs 91,426 crore in the same period a year ago. On the global front, Asian markets are trading mostly in green despite the broadly positive cues from Wall Street overnight, as traders remained cautious and concerned about the extended valuations in the technology sector. 

The BSE Sensex is currently trading at 85318.72, up by 211.91 points or 0.25% after trading in a range of 84949.98 and 85325.30. 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 0.27%, while Small cap index was up by 0.13%.

The top gaining sectoral indices on the BSE were IT up by 1.36%, TECK up by 0.86%, Metal up by 0.57%, Capital Goods up by 0.35% and Auto up by 0.35%, while Healthcare down by 0.07% and Realty down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 2.22%, HCL Technologies up by 1.88%, TCS up by 1.86%, Axis Bank up by 0.88% and Infosys up by 0.83%. On the flip side, Eternal down by 1.09%, Maruti Suzuki down by 0.52%, SBI down by 0.39%, Ultratech Cement down by 0.37% and ICICI Bank down by 0.35% were the top losers.

Meanwhile, Telecom Regulatory Authority of India (TRAI) in its latest report has said that the gross revenue of the telecom service providers (TSPs) increased by 9.19% to a record high of Rs 99,828 crore in the September quarter of 2025-26 (Q2FY26) as compared to Rs 91,426 crore in the same period a year ago. During Q2FY26, the gross revenue of the telecom service providers, which include mobile service providers, internet services companies, etc, reached near the Rs 1 lakh crore mark. The TSPs reported a gross revenue of Rs 96,646 crore in the June quarter of 2025-26.

During the quarter, TSPs’ adjusted gross revenue (AGR), on which the government levies its charge, rose 9.35% on a year-over-year (YoY) basis to Rs 82,348 crore from Rs 75,310 crore in the September 2024 quarter. Telecom operators like Reliance Jio, Bharti Airtel, Vodafone Idea, BSNL, etc jointly registered AGR of Rs 69,229.89 crore, thereby contributing around 84% in the total. Meanwhile, rest of the players posted AGR of less than Rs 50 crore.

The Government's collection in the form of licence fee increased 9.38% on YoY basis to Rs 6,588 crore during Q2FY26. Further, collection through spectrum usage charge grew 5.49% on YoY basis to Rs 997 crore during the same period.

The CNX Nifty is currently trading at 26046.55, up by 60.55 points or 0.23% after trading in a range of 25938.95 and 26049.55. There were 33 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were Tech Mahindra up by 2.19%, TCS up by 1.89%, HCL Technologies up by 1.80%, Wipro up by 1.50% and Adani Enterprises up by 1.38%. On the flip side, Eternal down by 1.01%, Interglobe Aviation down by 0.64%, HDFC Life Insurance down by 0.58%, Maruti Suzuki down by 0.53% and Shriram Finance down by 0.38% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 889.32 points or 1.78% to 50,754.00, Jakarta Composite gained 14.99 points or 0.17% to 8,626.78, 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.

On the flip side, Straits Times fell 13.86 points or 0.3% to 4,540.66, Taiwan Weighted lost 69.3 points or 0.25% to 27,723.74 and KOSPI dropped 24.69 points or 0.61% to 4,011.61.
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