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EQUITY
Post Session: Quick Review
Dec-04-2025

Indian equity benchmarks snapped their four-day losing streak on Thursday ahead of the Reserve Bank of India’s monetary policy decision. Despite a weak opening, soon indices turned positive, supported by buying in IT stocks and strength in index heavyweights such as Reliance Industries and HDFC Bank. During the afternoon session, markets erased most of their gains and hovered near the neutral lines amid persistent selling by foreign institutional investors (FIIs). However, indices managed to end in the green.

Some of the important factors in trade:

Fitch Ratings raises India's GDP growth forecast for FY26 to 7.4%: Traders took some support as 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. 

India, Canada discuss contours, modalities to launch trade pact talks: Sentiments remained optimistic as Commerce and Industry Minister Piyush Goyal and his Canadian counterpart Maninder Sidhu held discussions on the contours, objectives and modalities for launching negotiations on a proposed free trade agreement.

India’s exports register healthy growth in November: Traders took note of Commerce and Industry Minister Piyush Goyal has said that India's exports, which fell by about 12 per cent in October, have registered healthy growth in November 2025. 

Global front: European markets were trading in green amid weak U.S. private payrolls data fueled bets on an interest rate cut by the Federal Reserve next week. Asian markets ended mixed as investors adopted a cautious stance before rate decisions by the Federal Reserve and the Bank of Japan in coming days.

The BSE Sensex ended at 85265.32, up by 158.51 points or 0.19% after trading in a range of 84949.98 and 85487.21. There were 20 stocks advancing against 10 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 0.19%, while Small cap index down by 0.32%. (Provisional)

The top gaining sectoral indices on the BSE were IT up by 1.31%, TECK up by 1.12%, Realty up by 0.53%, FMCG up by 0.38% and Auto up by 0.28%, while Industrials down by 0.48%, Power down by 0.43%, Consumer Durables down by 0.36%, Utilities down by 0.24% and Capital Goods down by 0.21% were the top losing indices on BSE. (Provisional) 

The top gainers on the Sensex were TCS up by 1.48%, Bharat Electronics up by 1.27%, Tech Mahindra up by 1.26%, Infosys up by 0.93% and HCL Technologies up by 0.89%. On the flip side, Reliance Industries down by 0.91%, Maruti Suzuki down by 0.71%, Kotak Mahindra Bank down by 0.53%, Titan Company down by 0.44% and HDFC Bank down by 0.39% were the top losers. (Provisional)

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 ended at 26033.75, up by 47.75 points or 0.18% after trading in a range of 25938.95 and 26098.25. There were 35 stocks advancing against 14 stocks declining on the index, while one stock remained unchanged. (Provisional)

The top gainers on Nifty were TCS up by 1.55%, SBI Life Insurance up by 1.41%, Adani Enterprises up by 1.23%, Tech Mahindra up by 1.20% and HDFC Life Insurance up by 1.18%. On the flip side, Interglobe Aviation down by 2.84%, Hindalco down by 0.67%, Titan Company down by 0.62%, Maruti Suzuki down by 0.55% and Kotak Mahindra Bank down by 0.50% were the top losers. (Provisional)

European markets were trading higher; Germany’s DAX gained 159.49 points or 0.67% to 23,853.20, France’s CAC rose 29.18 points or 0.36% to 8,116.60 and UK’s FTSE 100 increased 3.73 points or 0.04% to 9,695.80.

Asian markets settled mixed on Thursday as investors remained cautious ahead of rate decisions by the Federal Reserve and the Bank of Japan in coming days, while weak US ADP jobs data reinforced bets on an imminent Fed rate cut. Japanese shares surged after an auction of 30-year Japanese government bonds drew the highest demand in more than six years, while Japanese chipmakers in the AI supply chain gaining ground after reports revealed that US President Donald Trump met with Nvidia CEO Jensen Huang on Wednesday to discuss export controls on Nvidia's AI chips. China’s Shanghai ended marginally down on concerns over slowing services growth and a prolonged property slump. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,875.79

-2.21

-0.06

Hang Seng

25,935.9

175.17

0.68

Jakarta Composite

8,640.20

28.41

0.33

KLSE Composite

1,621.07

-1.77

-0.11

Nikkei 225

51,028.42

1,163.74

2.33

Straits Times

4,535.14

-19.38

-0.43

KOSPI Composite

4,028.51

-7.79

-0.19

Taiwan Weighted

27,795.71

2.67

0.01
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