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Markets trade flat in late afternoon session
Dec-04-2025

Indian equity markets traded flat with positive bias in late afternoon session as gains in IT, FMCG and Realty stocks offset losses in Banking and Financial stocks. Further, investors remained optimistic as Fitch Ratings raised India's GDP growth forecast for the current fiscal (FY26) to 7.4 per cent, from 6.9 per cent in September, on increased consumer spending and improved sentiment boosted by GST reforms. However, persistent selling by foreign institutional investors (FIIs) continued to weigh on market sentiments. FIIs were the net seller on Wednesday’s session, offloading equities worth Rs 3,206.92 crore. Besides, traders awaited for Reserve Bank of India’s monetary policy decision for further cues.

On global front, Asian equity markets were trading mixed after Microsoft reportedly lowered its AI product sales targets, reviving worries over softer AI demand and margins. European equity markets were trading mostly in green tracking positive cues from Wall Street overnight.  

The BSE Sensex is currently trading at 85191.74, up by 84.93 points or 0.10% after trading in a range of 84949.98 and 85487.21. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.05%, while Small cap index was down by 0.27%.

The top gaining sectoral indices on the BSE were IT up by 1.27%, TECK up by 0.91%, Realty up by 0.60%, FMCG up by 0.36% and Auto up by 0.22%, while Industrials down by 0.32%, Bankex down by 0.29%, Consumer Durables down by 0.22%, Power down by 0.19% and Telecom down by 0.16% were the top losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 1.50%, TCS up by 1.46%, Infosys up by 1.20%, Trent up by 0.95% and Sun Pharmaceutical Industries up by 0.85%. On the flip side, Kotak Mahindra Bank down by 0.74%, Maruti Suzuki down by 0.63%, HDFC Bank down by 0.54%, ICICI Bank down by 0.54% and SBI down by 0.43% were the top losers.

Meanwhile, Fitch Ratings has raised India's GDP growth forecast for the current fiscal (FY26) to 7.4 per cent, from 6.9 per cent in September, on increased consumer spending and improved sentiment boosted by GST reforms. It said GDP growth accelerated further in the July-September quarter to 8.2 per cent, from 7.8 per cent in the April-June quarter. It also expects GDP growth to slow to 6.4 per cent in FY27. 

Fitch in its Global Economic Outlook report for December said private consumer spending is the main driver of growth this year, supported by strong real income dynamics, increased consumer sentiment, and the impact of recently implemented goods and services tax (GST) reforms. It projected private investment to pick up in the second half of the next fiscal (2026-27) as financial conditions loosen. 

It noted that consumer price inflation fell to an all-time low of 0.3 per cent in October, driven by lower food and drink prices. It said falling inflation gives the Reserve Bank of India (RBI) room for one more policy rate cut in December to 5.25 per cent, following 100 bp of cuts in 2025 so far.  With core inflation recovering and activity projected to remain strong, Fitch said that it expects the RBI to have reached the end of its easing cycle, and that rates will remain at 5.25 per cent over the next two years. 

The CNX Nifty is currently trading at 26008.95, up by 22.95 points or 0.09% after trading in a range of 25938.95 and 26098.25. There were 34 stocks advancing against 15 stocks declining, while 1 stock remained unchanged on the index.

The top gainers on Nifty were Tech Mahindra up by 1.49%, SBI Life Insurance Company up by 1.48%, TCS up by 1.47%, Infosys up by 1.15% and Adani Enterprises up by 0.92%. On the flip side, Interglobe Aviation down by 2.74%, Dr. Reddy's Laboratories down by 0.80%, Kotak Mahindra Bank down by 0.75%, Maruti Suzuki down by 0.70% and Hindalco down by 0.61% were the top losers.

Asian equity markets were trading mixed; Nikkei 225 surged 1006.32 points or 1.98% to 50,871.00, Taiwan Weighted added 2.67 points or 0.01% to 27,795.71, Hang Seng advanced 133.27 points or 0.51% to 25,894.00 and Jakarta Composite gained 11.77 points or 0.14% to 8,623.56, while KOSPI dropped 7.79 points or 0.19% to 4,028.51, Straits Times fell 16.75 points or 0.37% to 4,537.77 and Shanghai Composite weakened 2.21 points or 0.06% to 3,875.79.

European equity markets were trading mostly in green; Germany’s DAX gained 113.49 points or 0.48% to 23,807.20 and France’s CAC rose 14.08 points or 0.17% to 8,101.50, while UK’s FTSE 100 decreased 8.67 points or 0.09% to 9,683.40.
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