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Indices trade higher in late morning deals
Dec-11-2025

Domestic equity indices traded higher in late morning deals due to buying in Kotak Mahindra Bank, Eternal, Maruti Suzuki, Tata Steel and Bajaj Finance companies’ stocks. Meanwhile, broader indices were also trading in green with BSE Small cap index and BSE Mid cap index gaining in the range of 0.10-0.45%. Sentiments got boost as the U.S. Federal Reserve delivered its widely anticipated 25-basis-point rate cut, a move investors hope will help temper foreign outflows. Further, there was some encouragement in markets as private report said Chief Economic Adviser (CEA) V. Anantha Nageswaran has confirmed that India and the US have resolved most of their pending trade issues. Moreover, he said India’s FY27 outlook remains strong and the rupee is undervalued relative to fundamentals.

On the global front, Asian markets were trading mostly in red 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, on the BSE sectoral front, traders were seen piling up position in Metal, Auto, Basic Materials, Bankex and Realty, while selling was witnessed only in TECK and Oil & Gas. 

The BSE Sensex is currently trading at 84561.45, up by 170.18 points or 0.20% after trading in a range of 84150.19 and 84628.16. There were 20 stocks advancing against 10 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.43%, while Small cap index up by 0.14%.

The top gaining sectoral indices on the BSE were Metal up by 0.75%, Auto up by 0.67%, Basic Materials up by 0.57%, Bankex up by 0.51% and Realty up by 0.49%, while TECK down by 0.14% and Oil & Gas down by 0.08% were the only losing indices on BSE.

The top gainers on the Sensex were Kotak Mahindra Bank up by 2.94%, Eternal up by 1.66%, Maruti Suzuki up by 1.44%, Tata Steel up by 1.23% and Bajaj Finance up by 0.74%. On the flip side, Trent down by 1.19%, Bharti Airtel down by 1.15%, Asian Paints down by 0.97%, TCS down by 0.49% and Titan down by 0.48% were the top losers.

Meanwhile, the rating agency Crisil has estimated assets under management (AUM) of vehicle loans of non-banking financial companies (NBFCs) to grow at a steady pace of 16-17% annually over the current and next fiscals. Further, NBFCs’ assets under management of vehicle loans is expected to rise to around Rs 11 lakh crore by March 31, 2027, supported by policy measures and macroeconomic tailwinds. It noted that while sub-segments of vehicle loans will see differential growth trends, growth of used vehicle loans will continue to outpace that of new vehicle loans.

Crisil highlighted that vehicle finance business is cyclical and has high correlation with macroeconomic trends. Further, India’s economic growth, along with the benefits of the recent rationalisation of the goods and services tax (GST) rates and lower systemic interest rates, are expected to propel growth of vehicle sales over the near to medium term. While the tailwinds will primarily drive sales of new vehicles and consequently their financing, continued focus on used vehicle loans by NBFCs will add to the traction. It added that NBFCs’ used vehicle loan AUM has clocked a compound annual growth rate of around 15% between fiscals 2020 and 2025, compared with around 11% for new vehicle loans. This growth trend is expected to sustain over the medium term, as unit economics of owning a used vehicle is lower than that of a new vehicle. Moreover, as financing of used vehicles provides better risk-adjusted returns, NBFCs are continuing to tap this segment.

It pointed that while the market for used vehicle loans is more established for commercial vehicles (CVs), that for cars and utility vehicles (UVs) has gained ground over the past few years and is expected to gradually pick up for others as well. It noted that the share of cars and UV in vehicle finance AUM is expected to ascend amid rising pace of financing of cars and UV than that of other segments. On the other hand, while CV financing will continue to dominate, its share will moderate somewhat, on account of relatively lower growth.

The CNX Nifty is currently trading at 25818.70, up by 60.70 points or 0.24% after trading in a range of 25693.25 and 25844.50. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Kotak Mahindra Bank up by 2.86%, Eternal up by 1.75%, JIO Financial up by 1.50%, Maruti Suzuki up by 1.39% and Tata Steel up by 1.24%. On the flip side, Bharti Airtel down by 1.19%, Trent down by 1.16%, Asian Paints down by 0.96%, Interglobe Aviation down by 0.63% and TCS down by 0.61% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 433.8 points or 0.86% to 50,169.00, Taiwan Weighted lost 409.11 points or 1.46% to 27,991.62, Jakarta Composite plunged 27.2 points or 0.31% to 8,673.72, Shanghai Composite weakened 25.73 points or 0.66% to 3,874.77, KOSPI dropped 15.48 points or 0.37% to 4,119.52 and Hang Seng declined 14.78 points or 0.06% to 25,526.00. However, Straits Times rose 18.62 points or 0.41% to 4,530.52.
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