HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Markets trade lower after positive start amid concerns over foreign fund outflows
Dec-11-2025

Indian equity benchmarks made a slightly positive start on Wednesday tracking overnight gains on Wall Street but failed to hold their gains and slipped below neutral lines, amid concerns over foreign fund outflows after the U.S. Federal Reserve delivered its widely anticipated 25-basis-point rate cut. On Wednesday, December 10, Foreign Portfolio Investors/ Foreign Institutional Investors (FPIs/FIIs) net sold Indian equities worth Rs 1,651 crore. Sensex and Nifty were trading lower with marginal cut in early deals amid selling in Utilities, Consumer Durables and Oil & Gas counters. Traders also remained on sidelines ahead of outcome of 2-day India and US meet. Commerce ministry said that India and the US have reviewed the ongoing negotiations for a proposed bilateral trade agreement to further strengthen economic ties.

On the global front, Asian markets were trading mostly lower as the US Fed officials reaffirmed their forecast of only one interest rate cut in 2026 after cutting interest rates for the third consecutive time by a quarter point, which was already priced in by the markets. Back home, in stock specific development, Tata Steel traded with traction after its board approved a 4.8 MTPA capacity expansion at Neelachal Ispat Nigam (NINL).

The BSE Sensex is currently trading at 84166.87, down by 224.40 points or 0.27% after trading in a range of 84160.65 and 84540.57. There were 9 stocks advancing against 21 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.13%, while Small cap index was down by 0.48%.

The top gaining sectoral indices on the BSE were Metal up by 0.40%, Auto up by 0.11%, Capital Goods up by 0.07% and Basic Materials up by 0.04%, while Utilities down by 0.71%, Consumer Durables down by 0.68%, Oil & Gas down by 0.61%, Energy down by 0.60%, Power down by 0.48% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.27%, Tata Steel up by 0.86%, Maruti Suzuki up by 0.54%, Kotak Mahindra Bank up by 0.31% and Infosys up by 0.30%. On the flip side, Titan Company down by 1.54%, Power Grid down by 1.06%, Asian Paints down by 0.88%, Reliance Industries down by 0.71% and NTPC down by 0.67% were the top losers.

Meanwhile, think tank -- the Global Trade Research Initiative (GTRI) has said that India should remain extremely cautious about giving duty concessions to the US on agricultural crops or genetically modified products, and should insist on a drastic cut in the high tariffs. It added India should also avoid making commitments until the US Supreme Court delivers its verdict on President Donald Trump's tariff authority, which could reshape the entire negotiating table overnight. India and the US are negotiating a bilateral trade agreement, and a team of officials from Washington is in New Delhi for two-day talks beginning Wednesday.

GTRI Founder Ajay Srivastava said ‘If the US is serious about partnership, it should first cut the punitive tariff on Indian exports from 50 per cent to 25 per cent, especially since the Russian oil issue -- the stated trigger -- has already been resolved’. While briefing the US Senate, US Trade Representative Jamieson Greer said that the US trade team is currently in New Delhi working with Indian authorities on the proposed bilateral trade agreement.

He acknowledged that India remains ‘a very difficult nut to crack’ when it comes to accepting US exports of certain row crops and meat products, but added that New Delhi has recently been ‘quite forward-leaning’ in negotiations and that the offers on the table are ‘the best we've ever received as a country’, making India a viable alternative market for US exporters.

He also said row crops refer to large-scale agricultural commodities grown in mechanised farm rows and traded globally, such as corn, soybeans, wheat, cotton, rice, sugarcane, barley, sorghum and canola -- products that are politically sensitive in India due to farmer livelihoods and food security concerns. He added USTR's testimony offers an authentic glimpse into US-India trade talks, but it reveals only about what Washington wants from India and not what it is willing to give in return.

The CNX Nifty is currently trading at 25712.25, down by 45.75 points or 0.18% after trading in a range of 25693.25 and 25803.05. There were 22 stocks advancing against 28 stocks declining on the index.

The top gainers on Nifty were Eternal up by 1.48%, Shriram Finance up by 0.93%, Tata Steel up by 0.84%, Eicher Motors up by 0.80% and Hindalco up by 0.63%. On the flip side, Titan Company down by 1.73%, Interglobe Aviation down by 1.12%, Power Grid down by 0.98%, Asian Paints down by 0.79% and SBI Life Insurance down by 0.67% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 443.8 points or 0.88% to 50,159.00, Taiwan Weighted lost 301.79 points or 1.06% to 28,098.94, Jakarta Composite fell 28.05 points or 0.32% to 8,672.87, Shanghai Composite weakened 17.78 points or 0.46% to 3,882.72 and KOSPI was down by 8.50 points or 0.21% to 4,126.50. On the other hand, Hang Seng rose 24.22 points or 0.09% to 25,565.00 and Straits Times was up by 14.71 points or 0.33% to 4,526.61.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.