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Markets trade lower in late afternoon session
Jan-05-2026

Indian equity markets rebounded from day’s lowest points in late afternoon session, though continued to trade in red as traders opted to take a cautious stance after the US President Trump hinted tariffs hike on India over Russian oil purchases. He said that Prime Minister Narendra Modi ‘knew he was not happy’ with India's purchases of Russian oil and that Washington can raise tariffs on New Delhi ‘very quickly’. Meanwhile, buying at lower level helped markets to rebound the trade amid optimism over fresh fund inflows by foreign institutional investors (FII). The FIIs were the net buyers of equities worth Rs 289.80 crore on Friday’s session. Besides, comments from the think tank GTRI helped investors shrug off worries surrounding U.S.-Venezuela tensions. GTRI indicated that India is unlikely to face any material economic or energy impact due to the US-Venezuela conflict.

On the global front, Asian equity markets were trading mostly in green as investors shrugged off U.S.-Venezuela tensions and shifted focus to upcoming U.S. economic data. European equity markets were trading higher amid optimism around economic growth and prospects of higher military spending in the region.

The BSE Sensex is currently trading at 85441.41, down by 320.60 points or 0.37% after trading in a range of 85315.33 and 85883.50. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.12%, while Small cap index was down by 0.03%.

The top gaining sectoral indices on the BSE were Realty up by 1.63%, Consumer Durables up by 1.30%, Metal up by 0.56%, Basic Materials up by 0.50% and FMCG up by 0.40%, while Oil & Gas down by 1.44%, IT down by 1.30%, TECK down by 1.12%, Energy down by 1.09% and Telecom down by 0.78% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 2.67%, Asian Paints up by 1.84%, Tata Steel up by 1.75%, Ultratech Cement up by 1.27% and Hindustan Unilever up by 1.21%. On the flip side, HDFC Bank down by 2.25%, HCL Technologies down by 2.10%, Infosys down by 2.05%, Bajaj Finance down by 1.30% and Eternal down by 0.88% were the top losers.

Meanwhile, India is stepping up its efforts to strengthen domestic supply chains, reduce import dependence for critical electronic components, and support the growth of high-value manufacturing capabilities in the country, with the latest approval of 22 proposals under the Electronics Components Manufacturing Scheme (ECMS) by Ministry of Electronics and Information Technology (MeitY). The approved proposals amount to projected investment of Rs 41,863 crore, with projected production of Rs 2,58,152 crore. These approvals are expected to generate 33,791 direct employment opportunities.

These approvals include manufacturing of 11 target segment products, which have cross sectoral application such as mobile manufacturing, telecom, consumer electronics, strategic electronics, automotive and IT hardware products. These 11 products are 5 bare components like PCB, Capacitors, Connectors, Enclosures and Li-ion Cell; 3 sub-assemblies like Camera Module, Display Module and Optical Transceiver; and 3 supply chain items like Aluminium Extrusion, Anode Material and Laminate (Copper Clad).

With the latest tranche of approvals, a total of 46 applications has been approved under the ECMS so far across 11 states, with a total investment of Rs 54,567 crore, generating direct employment for about 51,000 people. Earlier, the approvals of 24 applications for Rs 12,704 crore were announced. These approvals under the Electronics Component Manufacturing Scheme reflects a bold, forward-looking step in electronics manufacturing journey, which is closely aligned with the Prime Minister Narendra Modi’s vision of making India a global hub for electronics manufacturing.

The CNX Nifty is currently trading at 26246.50, down by 82.05 points or 0.31% after trading in a range of 26210.05 and 26373.20. There were 25 stocks advancing against 25 stocks declining on the index.

The top gainers on Nifty were Nestle up by 2.88%, Bharat Electronics up by 2.68%, Eicher Motors up by 2.08%, Asian Paints up by 1.82% and Tata Steel up by 1.76%. On the flip side, HDFC Bank down by 2.28%, HCL Technologies down by 2.09%, Infosys down by 2.04%, Wipro down by 1.97% and ONGC down by 1.69% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 1676.52 points or 3.22% to 52,016.00, Taiwan Weighted added 755.23 points or 2.51% to 30,105.04, KOSPI increased 147.89 points or 3.32% to 4,457.52, Straits Times rose 28.94 points or 0.62% to 4,685.06, Jakarta Composite gained 78.46 points or 0.89% to 8,826.59 and Shanghai Composite strengthened 54.58 points or 1.36% to 4,023.42, while Hang Seng declined 0.47 points or 0% to 26,338.00.

European equity markets were trading higher; UK’s FTSE 100 increased 23.56 points or 0.24% to 9,974.70, France’s CAC rose 47.79 points or 0.58% to 8,243.00 and Germany’s DAX gained 335.96 points or 1.35% to 24,875.30.
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