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Key gauges trade marginally lower in morning deals
Dec-17-2025

Indian equity benchmarks were trading marginally lower in morning deals, as uncertainty over the India-US trade deal and persistent foreign fund outflows weighted on investor sentiments. Foreign Institutional Investors sold equities worth Rs 2,381.92 crore on Tuesday, according to exchange data. However, losses remain capped as some support came with Commerce ministry’s data showing that Petroleum products and electronic goods are helping India increase its exports to China, with which it has a huge trade deficit of about $100 billion. Separately, the government has notified a Rs 7,280 crore Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet (REPM). The initiative is targeting to reduce dependence on China for critical inputs and ensure a steady supply for electric vehicles, electronics, aerospace, and green energy. On the global front, Asian markets are trading mostly in green even as sluggish US jobs data did little to boost bets on further interest-rate cuts from the Federal Reserve.

The BSE Sensex is currently trading at 84536.03, down by 143.83 points or 0.17% after trading in a range of 84513.69 and 84889.45. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.29%, while Small cap index was down by 0.37%.

The top gaining sectoral indices on the BSE were IT up by 0.26%, PSU up by 0.25%, TECK up by 0.20%, Metal up by 0.19% and Oil & Gas up by 0.12%, while Capital Goods down by 0.67%, Industrials down by 0.65%, Consumer Durables down by 0.38%, Telecom down by 0.33% and Healthcare down by 0.21% were the top losing indices on BSE.

The top gainers on the Sensex were SBI up by 1.53%, Axis Bank up by 0.84%, TCS up by 0.64%, Maruti Suzuki up by 0.52% and Asian Paints up by 0.47%. On the flip side, ICICI Bank down by 1.57%, Trent down by 0.85%, HDFC Bank down by 0.75%, Adani Ports &SEZ down by 0.70% and Bharat Electronics down by 0.58% were the top losers.

Meanwhile, the government has notified a Rs 7,280 crore Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet (REPM). The initiative is targeting to reduce dependence on China for critical inputs and ensure a steady supply for electric vehicles, electronics, aerospace, and green energy.

The scheme, approved earlier by the Union Cabinet, aims to develop a complete domestic value chain of converting rare earth oxide into sintered NdFeB, essential for India's industrial and strategic growth. Neodymium-Iron-Boron (NdFeB) is the alloy used to create the strongest type of permanent magnets.

Through this scheme, the government plans to incentivise setting up of 6,000 Million Tonnes Per Annum of integrated REO (rare earth oxides) to sintered NdFeB REPM's manufacturing facilities in the country. Indigenously produced sintered NdFeB REPMs from NdPr oxide will be eligible for sales-linked incentives and capital subsidy under the scheme.

The government will allocate up to 6,000 MTPA of integrated sintered NdFeB magnet manufacturing capacity to five applicants through a transparent bidding process -- Global Tender Enquiry (GTE) by issuing a Request for Proposal (RFP). The minimum allocation to a beneficiary will be 600 MTPA, going up to a maximum allocation of 1,200 MTPA, in multiples of 100 MTPA.

The CNX Nifty is currently trading at 25821.85, down by 38.25 points or 0.15% after trading in a range of 25809.10 and 25929.15. There were 25 stocks advancing against 25 stocks declining on the index.

The top gainers on Nifty were SBI up by 1.56%, Shriram Finance up by 1.46%, Eicher Motors up by 1.28%, Axis Bank up by 0.88% and Tata Consumer Product up by 0.81%. On the flip side, ICICI Bank down by 1.60%, Max Healthcare Inst down by 1.55%, SBI Life Insurance down by 1.39%, HDFC Life Insurance down by 1.26% and Trent down by 0.86% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 25.71 points or 0.05% to 49,409.00, Jakarta Composite gained 28.56 points or 0.33% to 8,715.03, Shanghai Composite strengthened 5.89 points or 0.15% to 3,830.70, KOSPI increased 20.48 points or 0.51% to 4,019.61 and Hang Seng advanced 14.59 points or 0.06% to 25,250.00.

On the flip side, Straits Times fell 11.56 points or 0.25% to 4,568.17 and Taiwan Weighted lost 2.73 points or 0.01% to 27,533.93. 
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