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Markets extend gains in late trade
Oct-06-2025

Indian equity markets extended gains in late trade supported by buying in banking and IT stocks. Investors sentiments remained upbeat as the Global Trade Research Initiative (GTRI) has said that joint ventures in energy infrastructure, technology collaboration, and cross-border investments can help reduce India's trade deficit with Qatar. India's trade with Qatar stood at $14.15 billion in 2024-25. It stated the trade relationship remains heavily skewed toward energy imports, with petroleum crude and gas products making up nearly 90 per cent of India's total imports from Qatar. Meanwhile, traders shrugged off the report indicating that India’s services sector growth eased in the month of September.  The HSBC India Services Purchasing Managers' Index fell to 60.9 in September from a 15-year high of 62.9 in August.

On the global front, Asian markets were trading mostly in green tracking cues from Wall Street. European markets were trading lower ahead of release of Eurozone retail sales data which is due later in the day.

The BSE Sensex is currently trading at 81679.95, up by 472.78 points or 0.58% after trading in a range of 81155.88 and 81846.42. There were 20 stocks advancing against 10 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index gained 0.45%, while Small cap index was down by 0.25%.

The top gaining sectoral indices on the BSE were IT up by 1.58%, TECK up by 1.26%, Healthcare up by 0.90%, Bankex up by 0.89% and Realty up by 0.34%, while Metal down by 1.05%, Basic Materials down by 0.46%, Utilities down by 0.45%, FMCG down by 0.35%, PSU down by 0.29% were the top losing indices on BSE.

The top gainers on the Sensex were TCS up by 2.44%, Axis Bank up by 2.35%, Tech Mahindra up by 2.33%, Kotak Mahindra Bank up by 2.18% and Eternal up by 2.06%. On the flip side, Tata Steel down by 1.88%, Adani Ports & SEZ down by 1.24%, ITC down by 1.08%, Power Grid Corporation down by 0.95% and NTPC down by 0.82% were the top losers.

Meanwhile, India services sector growth eased in the month of September but was well above the neutral mark of 50.0 to signal another substantial upturn in output. According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index slowed down to 60.9 in September from 62.9 in August. Further, the HSBC India Composite PMI Output Index -- which measures both manufacturing and services -- also eased to 61.0 in September as against 63.2 in August.

Operating conditions across India's service economy remained favourable in September, with healthy demand trends underpinning further growth of total new orders, exports, employment and business activity. New order intakes rose at a sharp pace that was nevertheless softer than that registered in August. The survey report noted that part of the slowdown reflected softer improvements in international demand for Indian services.

Besides, External sales still rose in September, but did so to the least extent since March. Companies identified the supply of services at lower prices elsewhere as the main factor behind the slowdown in growth of export orders. Indian services companies reported a further increase in their expenses at the end of the second fiscal quarter. Prices charged for the provision of Indian services likewise increased at a weaker rate in September. The pace of inflation was modest, the slowest since March and broadly in line with the long-run series average.

The CNX Nifty is currently trading at 25065.00, up by 170.75 points or 0.69% after trading in a range of 24881.65 and 25088.40. There were 31 stocks advancing against 19 stocks declining on the index.

The top gainers on Nifty were Max Healthcare Inst up by 6.15%, Shriram Finance up by 3.93%, Apollo Hospitals Enterprise up by 2.69%, Axis Bank up by 2.46% and TCS up by 2.46%. On the flip side, Tata Steel down by 1.96%, Adani Ports & SEZ down by 1.28%, ITC down by 1.10%, Power Grid Corporation down by 1.09% and SBI Life Insurance Company down by 1.01% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 2235.5 points or 4.66% to 48,005.00, Straits Times rose 5.92 points or 0.13% to 4,417.87 and Jakarta Composite gained 12.81 points or 0.16% to 8,131.11, while Hang Seng declined 180.92 points or 0.67% to 26,960.00. Meanwhile, Shanghai Composite, Taiwan Weighted and KOSPI were remained closed for holidays.

European markets were trading lower; UK’s FTSE 100 decreased 23.45 points or 0.25% to 9,467.80, France’s CAC fell 140.94 points or 1.74% to 7,940.60 and Germany’s DAX lost 1.5 points or 0.01% to 24,377.30.
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