Indices erase all gains on profit booking

Indian equity markets erased all gains and were trading in red in late morning deals on account of profit booking at higher levels. Meanwhile, broader indices were also trading in red with BSE Small cap index and Mid cap index gaining in the range of 0.40-0.55%. Weak cues from the global markets weighed on the domestic sentiments. The lack of data amid the ongoing U.S. government shutdown has led to some uncertainty about the outlook for interest rates. Besides, traders were cautious ahead of the September-quarter earnings season. On the BSE sectoral front, traders were seen piling up positions in IT, TECK, Consumer Durables, while selling was witnessed in Realty, Power, Capital Goods, Utilities and PSU.

On the global front, Asian markets were trading in red following negative cues from US markets overnight. Back home, in the stock specific development, Eimco Elecon (India) surged after Kedia Securities and Niveza Smallcap Fund bought shares of the company through the open market.

The BSE Sensex is currently trading at 81783.41, down by 143.34 points or 0.17% after trading in a range of 81681.52 and 82257.74. There were 8 stocks advancing against 22 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.53%, while Small cap index down by 0.40%.

The few gaining sectoral indices on the BSE were IT up by 1.23%, TECK up by 1.12% and Consumer Durables up by 0.68% while, Realty down by 1.35%, Power down by 1.17%, Capital Goods down by 1.09%, Utilities down by 1.00% and PSU down by 0.82% were the top losing indices on BSE.

The top gainers on the Sensex were Titan up by 4.29%, Infosys up by 2.01%, TCS up by 1.69%, Tech Mahindra up by 1.09% and Bharti Airtel up by 0.74%. On the flip side, Bharat Electronics down by 1.51%, Tata Motors down by 1.38%, Ultratech Cement down by 1.23%, Mahindra & Mahindra down by 1.10% and Reliance Industries down by 1.04% were the top losers.

Meanwhile, India and Brazil have extensively discussed matters related to bilateral trade and outlined a roadmap for taking it forward. The discussions included the review of bilateral trade and investment relations, expansion of India-MERCOSUR Preferential Trade Agreement (PTA), market access issues, visa issues, promotion of industries and internal trade, multilateral issues and other matters of mutual interest. Further, they discussed on collaborations in sectors like pharmaceuticals and healthcare, chemicals and Petro-chemicals, MSME, banking and finance.

The discussions were taken place at 7th meeting of India-Brazil Trade Monitoring Mechanism which was held in New Delhi on October 7, 2025. Rajesh Agrawal, Commerce Secretary, Ministry of Commerce & Industry and Tatiana Lacerda Prazeres, Secretary of Foreign Trade at the Ministry of Development, Industry, Trade and Services for the Federative Republic of Brazil co-chaired the meeting. The institutional mechanism underscores the commitment between the two countries to foster economic growth.

Earlier in July 2025, the both nations had set a target to increase bilateral trade to $20 billion over the next five years. Brazil is the largest trading partner of India in the Latin American and Caribbean region. In FY 2024-25, the bilateral merchandise trade between both countries stood at $12.19 billion.

The CNX Nifty is currently trading at 25036.40, down by 71.90 points or 0.29% after trading in a range of 25022.50 and 25192.50. There were 14 stocks advancing against 36 stocks declining on the index.

The top gainers on Nifty were Titan up by 4.29%, Infosys up by 1.78%, TCS up by 1.61%, Tech Mahindra up by 1.05% and HCL Technologies up by 0.70%. On the flip side, Bharat Electronics down by 1.51%, Tata Motors down by 1.41%, HDFC Life down by 1.39%, Grasim Industries down by 1.31% and Ultratech Cement down by 1.25% were the top losers. 

Asian markets were trading in red; Nikkei 225 slipped 128.88 points or 0.27% to 47,822.00, Taiwan Weighted lost 110.21 points or 0.41% to 27,101.74, Jakarta Composite plunged 41.58 points or 0.51% to 8,127.70, Hang Seng declined 232.77 points or 0.87% to 26,725.00 and Straits Times fell 20.65 points or 0.46% to 4,451.61.