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Markets extend gains to 3rd consecutive day
Oct-06-2025

Indian equity benchmarks rallied for the third consecutive day on Monday, with benchmark Sensex climbing 583 points and the Nifty reclaiming the 25,000-level following value buying in IT, TECK and Banking stocks. Traders overlooked the exchange data showing that Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,583.37 crore on Friday.

Some of the important factors in trade:

RBI rate cut possibility open, inflation down: A recent report by Crisil Intelligence stated that the Reserve Bank of India (RBI) has kept the possibility of future rate cuts open, with its monetary policy committee (MPC) sharply revising its inflation forecast downwards.

India, Singapore discuss ways to boost trade, investments: Commerce and Industry Minister Piyush Goyal, who was on a three-day official visit to Singapore, met businesses and leaders to discuss ways to boost bilateral trade and investments between the two countries.

India services growth eases in September: A monthly survey stated that the growth of India's services sector eased in September from the recent high in August, as new business and activity expanded at slower rates. The seasonally adjusted HSBC India Services PMI Business Activity Index fell to 60.9 in September, from a 15-year high of 62.9 in August. 

Anti-dumping duty on solar cells from China: The commerce ministry's investigation arm DGTR has recommended the imposition of anti-dumping duty for three years on import of solar cells from China, with an aim to guard domestic players from cheap imports. 

Global front: European markets were trading mostly in red as investors shrugged off the results of a survey, which showed investor confidence in the Eurozone has experienced a marked improvement in October 2025. Asian markets ended mostly in green as investors reacted to major political developments in Japan and awaited key global economic signals. 

Finally, the BSE Sensex rose 582.95 points or 0.72% to 81,790.12 and the CNX Nifty was up by 183.40 points or 0.74% to 25,077.65.      

The BSE Sensex touched high and low of 81,846.42 and 81,155.88 respectively. There were 20 stocks advancing against 10 stocks declining on the index.   

The broader indices ended mixed; the BSE Mid cap index rose 0.68%, while Small cap index was down by 0.20%.

The top gaining sectoral indices on the BSE were IT up by 1.96%, TECK up by 1.60%, Bankex up by 1.10%, Healthcare up by 1.05% and Oil & Gas up by 0.98%, while Metal down by 0.92%, Basic Materials down by 0.37%, Utilities down by 0.35%, FMCG down by 0.19% and Industrials down by 0.16% were the top losing indices on BSE.

The top gainers on the Sensex were TCS up by 2.96%, Tech Mahindra up by 2.62%, Axis Bank up by 2.61%, Eternal up by 2.01% and Infosys up by 1.98%. On the flip side, Tata Steel down by 1.88%, Adani Ports &SEZ down by 1.23%, Power Grid Corporation down by 1.07%, Titan Company down by 0.97% and Trent down by 0.91% were the top losers.

Meanwhile, 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.

India's exports to Qatar totalled $1.68 billion, while imports surged to $12.46 billion, producing a substantial trade deficit of $10.78 billion in the last fiscal. GTRI founder Ajay Srivastava said ‘The figures underscore the energy-centric nature of India's commerce with the Gulf nation, with hydrocarbons making up the bulk of inbound shipments.’

Imports from Qatar were overwhelmingly composed of petroleum crude and gas products, amounting to $11.08 billion, about 88.9 per cent of the total imports. Key energy components include liquefied natural gas ($6.39 billion), liquefied butanes ($1.67 billion), liquefied propane ($1.54 billion), petroleum crude ($1.06 billion), and other petroleum products ($407 million).

Srivastava stated ‘These energy products remain the core of the bilateral trade, reflecting India's heavy reliance on Qatar for LNG and hydrocarbon supplies.’ He added that joint ventures in energy infrastructure, technology collaboration, and cross-border investments can help reduce India's trade deficit and reinforce Qatar's role as a trusted long-term partner.’

The CNX Nifty touched high and low of 25,095.95 and 24,881.65 respectively. There were 33 stocks advancing against 17 stocks declining on the index.  

The top gainers on Nifty were Max Healthcare up by 6.34%, Shriram Finance up by 3.90%, TCS up by 2.97%, Tech Mahindra up by 2.78% and Apollo Hospital up by 2.50%. On the flip side, Trent down by 2.30%, Tata Steel down by 1.65%, Adani Ports &Special down by 1.29%, Power Grid Corp down by 1.02% and Eicher Motors down by 0.94% were the top losers.

European markets were trading mostly in red; UK’s FTSE 100 decreased 6.75 points or 0.07% to 9,484.50 and France’s CAC fell 141.44 points or 1.75% to 7,940.10, while Germany’s DAX gained 3.6 points or 0.01% to 24,382.40.

Asian markets settled mostly higher on Monday, with Chinese, Taiwan and South Korean markets closing for holiday. Japan’s Nikkei average jumped to a record high, while the yen touched a fresh low since early August as pro-business leader Sanae Takaichi's victory in the ruling Liberal Democratic Party leadership race stoked bets on a revival in big spending and loose monetary policy. However, some gains were limited as the US government shutdown put the release of key economic data, including monthly jobs numbers, on hold.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

--

--

--

Hang Seng

26,957.77

-183.15

-0.67

Jakarta Composite

8,139.89

21.59

0.27

KLSE Composite

1,638.09

3.03

0.19

Nikkei 225

47,944.76

2,175.26

4.75

Straits Times

4,421.71

9.76

0.22

KOSPI Composite

--

--

--

Taiwan Weighted

--

--

--
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