Markets relinquish some gains in late trade

Indian equity markets relinquished some gains in late trade as traders opted to book some profit following recent gains made by the markets. Besides, markets experienced last hour volatility owed to weekly expiry of Sensex’s F&O contract. However, markets continued to trade in green as benign inflation has raised hopes of interest rate cut by the Reserve Bank of India in its upcoming MPC meeting in December. 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 (previously it was estimated at 1.54 per cent) and 6.21 per cent in October 2024. Moreover, investors remained optimistic about a potential trade deal between India and US after US President said that he will cut tariffs on India and will do a trade deal soon.

On the global front, Asian equity markets were trading mostly in green, tracking cues from Wall Street overnight. European equity markets were trading mostly in red amidst positive sentiment generated by the conclusion of the longest federal closure in U.S. history.

The BSE Sensex is currently trading at 84635.86, up by 169.35 points or 0.20% after trading in a range of 84253.05 and 84919.43. There were 14 stocks advancing against 17 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.08%, while Small cap index was down by 0.02%.

The top gaining sectoral indices on the BSE were Telecom up by 0.93%, Consumer Durables up by 0.92%, Realty up by 0.70%, Metal up by 0.68% and Utilities up by 0.59%, while Capital Goods down by 0.47%, IT down by 0.25%, PSU down by 0.21%, FMCG down by 0.19% and Oil & Gas down by 0.14% were the losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 3.70%, ICICI Bank up by 2.06%, Larsen & Toubro up by 1.28%, Power Grid Corporation up by 1.24% and Bajaj Finserv up by 1.07%. On the flip side, Eternal down by 2.30%, TMCV down by 1.34%, Mahindra & Mahindra down by 0.99%, Bharat Electronics down by 0.85% and Adani Ports & SEZ down by 0.84% were the top losers.

Meanwhile, Union Minister of State for New & Renewable Energy and Power Shripad Naik has said India's installed non-fossil fuel based power generation capacity has almost touched 260 GW, with solar and wind leading this revolution, supported by hybrid, storage, and grid modernisation initiatives. He said ‘this strong renewable foundation has empowered India to take the next decisive step -- the Green Hydrogen Revolution -- converting our renewable strength into clean molecules that can decarbonise industries, fuel transport, and support global trade’. He noted that the National Green Hydrogen Mission, launched in January 2023, marked a turning point in India's clean energy story.

The minister said ‘in just two years, we have transitioned from planning to concrete action allocating incentive schemes worth over Rs 17,000 crore for green hydrogen production and electrolyser manufacturing’. He noted that projects have been awarded for 3,000 MW per annum of domestic electrolyser manufacturing and 8.62 lakh metric tonnes per annum of green hydrogen production. 

He said the Solar Energy Corporation of India (SECI) has discovered globally competitive prices that are among the lowest in the world, for the supply of 7.24 lakh MTPA of green ammonia to fertiliser units. Projects have been awarded for the production and supply of 20,000 MTPA of green hydrogen to IOCL, BPCL and HPCL refineries. He stated that pilot projects are being rolled out in transport, steel, and shipping sectors, including 37 hydrogen-fuelled vehicles, nine refuelling stations, five green steel pilots, and India's first hydrogen bunkering and refuelling facility under development at VO Chidambaranar Port. 

The CNX Nifty is currently trading at 25915.55, up by 39.75 points or 0.15% after trading in a range of 25808.40 and 26010.70. There were 27 stocks advancing against 24 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 3.91%, Hindalco up by 2.62%, ICICI Bank up by 2.05%, Interglobe Aviation up by 1.90% and Larsen & Toubro up by 1.19%. On the flip side, Eternal down by 2.40%, TMCV down by 1.53%, ONGC down by 1.24%, Mahindra & Mahindra down by 1.04% and Bharat Electronics down by 0.98% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 126.69 points or 0.25% to 51,190.00, Hang Seng advanced 148.27 points or 0.55% to 27,071.00, Straits Times rose 1.63 points or 0.04% to 4,570.54, Shanghai Composite strengthened 29.36 points or 0.73% to 4,029.50 and KOSPI increased 20.24 points or 0.49% to 4,170.63, while Taiwan Weighted lost 43.53 points or 0.16% to 27,903.56 and Jakarta Composite plunged 19.18 points or 0.23% to 8,369.39.

European equity markets were trading mostly in red; UK’s FTSE 100 decreased 32.77 points or 0.33% to 9,878.65 and Germany’s DAX lost 19.76 points or 0.08% to 24,361.70, while France’s CAC rose 60.26 points or 0.73% to 8,301.50.