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Sensex, Nifty remain in positive mood
Dec-05-2025

Indian equity benchmarks sustained their positive mood in late afternoon session, with both Sensex and Nifty holding notable gains, aided by RBI’s repo rate cut by 25 bps to 5.25% along with buying in Banking and TECK stocks. Sentiments remained optimistic as the Reserve Bank of India’s rate-setting Monetary Policy Committee (MPC) revised India’s GDP forecast for FY2025-26 upwards to 7.3%, compared with the earlier estimate of 6.8%. Meanwhile, the 14th round of India-Oman Strategic Consultative Group (IOSCG) meeting was held in Muscat, Oman. The meeting reviewed the multifaceted strategic partnership between India and Oman in areas including political, defence, security, trade, investment, energy, agriculture, education, culture and people-to-people ties. The two sides also discussed regional and global issues of mutual interest.

On the global front, European markets were trading higher, as Germany's factory orders grew more than expected in October on robust domestic demand. The Destatis said that factory orders logged a monthly growth of 1.5 percent. Although the pace of growth softened from the revised 2.0 percent rise posted in September, it was much faster than forecast of 0.3 percent. However, Asian markets were trading mixed. 

The BSE Sensex is currently trading at 85551.92, up by 286.60 points or 0.34% after trading in a range of 85078.12 and 85796.72. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell by 0.13%, while Small cap index was down by 0.88%.

The top gaining sectoral indices on the BSE were Bankex up by 0.67%, TECK up by 0.54%, IT up by 0.52%, Metal up by 0.49% and PSU up by 0.44%, while Capital Goods down by 0.78%, Industrials down by 0.52%, Utilities down by 0.40%, Healthcare down by 0.38% and FMCG down by 0.32% were the top losing indices on BSE.

The top gainers on the Sensex were SBI up by 2.44%, Bajaj Finserv up by 2.23%, Bajaj Finance up by 1.94%, HCL Tech. up by 1.63% and Larsen & Toubro up by 1.23%. On the flip side, Hindustan Unilever down by 5.05%, Trent down by 1.09%, Eternal down by 0.96%, Sun Pharma down by 0.95% and Tata Motors Passenger down by 0.88% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal said that India has emphasised on the need to reduce trade barriers, and boost exports to Russia with an aim to bridge the widening trade deficit between the two countries. Goyal said there are huge opportunities to expand bilateral trade and there is a need to make it more balanced.

He said sectors that hold potential to boost exports from India to Russia include consumer goods, food products, automobiles, tractors, heavy commercial vehicles, electronics like smartphones, industrial components, and textiles. He stated ‘The bilateral trade has crossed $70 billion but we cannot rest, we need to grow, we need to balance that. He said the trade gap is very skewed.

He said ‘We need to bring more diversity in our trade basket. We need to make it more balanced. We need more variety and there is so much to offer between the two countries. He added there is untapped potential which needs to be explored. Moreover, he said ‘We can take so much from Russia and we have so much to offer to Russia. Sky is the limit...and that will address the trade imbalance in the near future...we will work together to eliminate or reduce or dilute the trade barriers, if any.’

The CNX Nifty is currently trading at 26147.65, up by 113.90 points or 0.44% after trading in a range of 25985.35 and 26202.60. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 3.07%, Bajaj Finserv up by 2.54%, SBI up by 2.36%, Bajaj Finance up by 2.04% and HCL Tech. up by 1.64%. On the flip side, Hindustan Unilever down by 4.97%, Interglobe Aviation down by 1.46%, Trent down by 0.97%, Eternal down by 0.96% and Sun Pharma down by 0.90% were the top losers.

European markets were trading higher; Germany’s DAX gained 96.37 points or 0.4% to 23,978.40, France’s CAC rose 20.87 points or 0.26% to 8,142.90 and UK’s FTSE 100 increased 17.33 points or 0.18% to 9,728.20.

Asian markets were trading mixed; Taiwan Weighted added 185.18 points or 0.66% to 27,980.89, Hang Seng advanced 136.1 points or 0.52% to 26,072.00, KOSPI increased 71.54 points or 1.74% to 4,100.05, and Shanghai Composite strengthened 27.02 points or 0.69% to 3,902.81, while Jakarta Composite plunged 6.5 points or 0.08% to 8,633.70, Straits Times fell 11.67 points or 0.26% to 4,523.47 and Nikkei 225 slipped 638.42 points or 1.27% to 50,390.00.

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