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Markets continue lackluster trade in late trade
Dec-08-2025

Indian equity markets extended losses in late trade, tracking negative cues from the European equity markets. European equity markets were trading lower ahead of interest-rate decisions from the U.S. Federal Reserve, the Swiss National Bank, the Reserve Bank of Australia and the Bank of Canada this week. Domestically, persistent fund selling by foreign institutional investors (FIIs) continued to weigh on trading sentiments. The FIIs were the net seller on Friday’s session, offloading equities worth Rs 438.90 crore. Further, declining rupee remained a concern for the investors as the Indian currency fell more than Rs 90 against the US dollar. Meanwhile, market participants overlooked the reports showing Russia has agreed to give greater market access to Indian goods to address India’s concerns over the increasing trade deficit in Moscow’s favour as boosting economic cooperation was the central focus of summit talks between Prime Minister Narendra Modi and Russian President Vladimir Putin. 

The BSE Sensex is currently trading at 84963.75, down by 748.62 points or 0.87% after trading in a range of 84875.59 and 85722.97. There was 1 stock advancing against 29 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 2.08%, while Small cap index was down by 2.35%.

The top losing sectoral indices on the BSE were Realty down by 3.81%, Capital Goods down by 2.98%, Telecom down by 2.75%, PSU down by 2.51% and Industrials down by 2.39%. Meanwhile, there were no gainers on BSE sectoral index.

The only gainer on the Sensex was Tech Mahindra up by 0.78%. On the flip side, Bharat Electronics down by 5.11%, Eternal down by 2.39%, Trent down by 2.30, Adani Ports & SEZ down by 2.19% and Tata Steel down by 2.15% were the top losers.

Meanwhile, the visiting European Union (EU) team will hold discussions with Commerce and Industry Minister Piyush Goyal on December 8, 2025 on the progress of negotiations on the proposed free trade agreement (FTA). The meeting is important as both sides are eager to conclude the negotiations as early as possible. The team, led by EU's Directorate-General for Trade Sabine Weyand, is for iron out differences on issues pertaining to both goods and services. They have fixed the year-end deadline to conclude talks. Differences that still need to be ironed out in certain areas such as steel, carbon tax, automobiles and non-tariff barriers.

In June 2022, India and the 27-nation EU bloc resumed negotiations for a comprehensive FTA, an investment protection agreement and a pact on geographical indications after a gap of over eight years. It was stalled in 2013 due to differences on the level of opening up markets. India's bilateral trade in goods with the EU was $136.53 billion in 2024-25 (exports worth $75.85 billion and imports worth $60.68 billion), making it the largest trading partner for goods. 

The EU market accounts for about 17 per cent of India's total exports, and the bloc's exports to India constitute 9 per cent of its total overseas shipments. Besides demanding significant duty cuts in automobiles and medical devices, the EU wants tax reduction in other products like wine, spirits, meat, poultry, and a strong intellectual property regime. Indian goods' exports to the EU, such as readymade garments, pharmaceuticals, steel, petroleum products, and electrical machinery, can become more competitive if the pact sails through. 

The CNX Nifty is currently trading at 25916.15, down by 270.30 points or 1.03% after trading in a range of 25892.25 and 26178.70. There were 3 stocks advancing against 47 stocks declining on the index.

The few gainers on Nifty were Tech Mahindra up by 0.62%, HDFC Life Insurance up by 0.20% and Wipro up by 0.06%. On the flip side, Interglobe Aviation down by 8.67%, Bharat Electronics down by 5.25%, JSW Steel down by 3.69%, Adani Enterprises down by 2.36% and Eternal down by 2.34% were the top losers.

Asian equity markets were trading mixed; Taiwan Weighted added 322.89 points or 1.14% to 28,303.78, KOSPI increased 54.80 points or 1.32% to 4,154.85, Shanghai Composite strengthened 21.27 points or 0.54% to 3,924.08 and Jakarta Composite gained 57.18 points or 0.66% to 8,689.94, while Nikkei 225 slipped 5.87 points or 0.01% to 50,486.00, Hang Seng declined 328.08 points or 1.27% to 25,757.00 and Straits Times fell 26.83 points or 0.59% to 4,504.53.

European equity markets were trading lower; UK’s FTSE 100 decreased 6.61 points or 0.07% to 9,660.40, France’s CAC fell 28.14 points or 0.35% to 8,086.60 and Germany’s DAX lost 10.84 points or 0.05% to 24,017.30.

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