Indices add more points in late morning deals

Indian equity markets added more points and were trading higher by over 0.35 percent in late morning deals on account of buying by funds and retail investors. Sentiments got boost as the government approved two schemes worth Rs 45,000 crore, with an aim to help exporters tide over the impact of high tariffs imposed by the US on Indian shipments. Further, support also came in as India's retail inflation, as measured by the Consumer Price Index (CPI), cooled down to 0.25 per cent in the month of October 2025, as compared to a revised figure of 1.44 per cent in September 2025. On the BSE sectoral front, traders were seen piling up positions in Telecom, Metal, Realty, Consumer Durables and Basic Materials, while selling was witnessed in Capital Goods, IT, Oil & Gas, FMCG and Industrials.

On the global front, Asian markets were trading mostly in green after U.S. President Donald Trump signed a funding bill into law, effectively ending the longest federal government shutdown in U.S. history. Back home, in the stock specific development, Mukka Proteins surged as the company has received approval to make a strategic investment in United Gulf Fishery Products LLC.

The BSE Sensex is currently trading at 84813.26, up by 346.75 points or 0.41% after trading in a range of 84253.05 and 84822.20. There were 19 stocks advancing against 12 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.09%, while Small cap index up by 0.20%.

The top gaining sectoral indices on the BSE were Telecom up by 1.25%, Metal up by 1.25%, Realty up by 1.12%, Consumer Durables up by 1.10% and Basic Materials up by 0.72%, while Capital Goods down by 0.34%, IT down by 0.18%, Oil & Gas down by 0.10%, FMCG down by 0.06% and Industrials down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 3.89%, ICICI Bank up by 1.96%, Tata Steel up by 1.82%, Bharti Airtel up by 1.62% and Bajaj Finserv up by 1.24%. On the flip side, Eternal down by 1.55%, TMCV fell by 1.50%, Tata MotorsPassenger down by 0.67%, Bharat Electronics down by 0.65% and Mahindra & Mahindra down by 0.54% were the top losers.

Meanwhile, the finance ministry has asked the state-owned banks (PSBs) to focus on accelerating credit to MSMEs and the agriculture sector while sustaining growth in low-cost deposits and strengthening risk management. Further, in order to sustain profitability in an evolving financial environment, the Department of Financial Services (DFS) Secretary M Nagaraju has urged the banks to further strengthen risk management, underwriting practices, and operational resilience. Addressing CEOs of public sector banks (PSBs), he asked them to sustain financial discipline, deepen customer-centricity, and lead India’s banking transformation with prudence, innovation and inclusion as guiding principles.

He has emphasized that digital banking must remain inclusive and secure. He also urged banks to enhance cyber resilience, ensure operational continuity and improve the quality and timeliness of grievance redressal. He encouraged banks for adoption of responsible AI and data analytics to improve customer service delivery. Besides, the finance ministry has advised the banks to strengthen implementation of PM Surya Ghar Muft Bijli Yojana, PM Vidya Lakshmi Yojana, PM Vishwakarma Yojana, and JanSamarth digital lending initiatives, with emphasis on reducing application turnaround time and expanding assisted journeys through Business Correspondents and SLBC coordination. The DFS Secretary has also reviewed performance under financial inclusion programmes such as PMJDY, PMJJBY, PMSBY, APY, PMMY and PM SVANidhi, and emphasised the importance of the ongoing ‘Aapki Poonji, Aapka Adhikar’ campaign. 

On asset quality of PSBs, the ministry noted that the banks continued to register improvement in recoveries. It added that the banks were advised to leverage digital platforms such as BAANKNET for faster and transparent resolutions and to maintain focus on strengthening early warning systems. In alignment with the government’s vision of Viksit Bharat by 2047, PSBs presented progress under sectors such as renewable energy, green infrastructure, food processing, tourism and data centres. Moreover, the banks were encouraged to scale up credit in these sectors, adopt sustainable financing practices and enhance preparedness for the transition to the Expected Credit Loss (ECL) framework through robust models and data-driven provisioning.

The CNX Nifty is currently trading at 25969.35, up by 93.55 points or 0.36% after trading in a range of 25808.40 and 25978.50. There were 34 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 3.91%, ICICI Bank up by 2.00%, Tata Steel up by 1.86%, Interglobe Aviation up by 1.83% and JIO Financial up by 1.76%. On the flip side, Eternal down by 1.44%, TMCV fell by 1.35%, ONGC down by 1.32%, Shriram Finance down by 0.86% and Bharat Electronics down by 0.74% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 161.69 points or 0.32% to 51,225.00, Taiwan Weighted added 18.68 points or 0.07% to 27,965.77, Jakarta Composite gained 17.4 points or 0.21% to 8,405.97, Shanghai Composite strengthened 15.49 points or 0.39% to 4,015.63, KOSPI increased 22.64 points or 0.55% to 4,173.03 and Straits Times rose 1.69 points or 0.04% to 4,570.60. However, Hang Seng declined 62.73 points or 0.23% to 26,860.00.