Post Session: Quick Review

Indian equity benchmarks settled near day’s low points on Monday, ahead of monthly F&O expiry. Indices made a positive start, as traders took some support with S&P Global Ratings projecting that India's economy to grow 6.5 per cent in the current fiscal year. However, in late morning session, benchmarks were trading near the neutral lines, as most sectors came under selling pressure. In the final hours of trade, the markets slipped sharply into the red.

Some of the important factors in trade:

FIIs outflow: Sentiments remained downbeat as exchange data showed Foreign institutional investors (FIIs) offloaded equities worth Rs 1,766.05 crore on Friday.

India's merchandise exports drop 11.8% in October after US tariff hike: Traders got cautious, as Crisil in its latest report has said that India's merchandise exports fell 11.8 per cent year-on-year, since August 2024, to $34.38 billion in October 2025. It said this follows a 50 per cent increase in US tariffs on August 27, 2025, a move that has subdued exports for the second month in a row. 

India's GDP likely to grow 6.5% in FY26: Traders overlooked S&P Global Ratings projected India's economy to grow 6.5 per cent in the current fiscal year and 6.7 per cent in the next, saying tax cuts and monetary policy easing will give a boost to consumption-driven growth.

Global front: European markets were trading higher amid hopes for a Federal Reserve rate cut in December and easing Ukraine-Russia tensions. Asian markets ended mostly in green after Singapore's economic growth for the current year was upgraded on Friday after the city-state economy posted a stronger-than-expected expansion in the third quarter. 

The BSE Sensex ended at 84900.71, down by 331.21 points or 0.39% after trading in a range of 84710.11 and 85473.47. There were 5 stocks advancing against 25 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 0.27%, while Small cap index down by 0.83%. (Provisional)

The few gaining sectoral indices on the BSE were IT up by 0.35% and TECK up by 0.11%, while Realty down by 2.10%, Capital Goods down by 1.34%, Utilities down by 1.24%, Metal down by 1.21% and Power down by 1.19% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Tech Mahindra up by 2.43%, Asian Paints up by 0.46%, Infosys up by 0.25%, Adani Ports and Special Economic Zone up by 0.18% and Sun Pharma up by 0.10%. On the flip side, Bharat Electronics down by 3.09%, Mahindra & Mahindra down by 1.89%, Tata Steel down by 1.43%, Tata Motors Passenger down by 1.37% and Ultratech Cement down by 1.22% were the top losers. (Provisional)

Meanwhile, the SBI research in its latest report has said that share of India's merchandise exports to other countries increased as shipments to the US declined since July 2025, indicating diversification of export basket across product categories. The report said India's total merchandise exports during April-September 2025 inched up by 2.9 per cent to $220 billion compared to $214 billion in the year-ago period. 

Cumulative exports to the US also registered a growth of 13 per cent to $45 billion in the April-September period from $40 billion in the year-ago period, though there could be some front-loading effects to the aftermath, with September figures registering negative year-on-year growth of about 12 per cent. Further, the report said the share of the US in India's exports has been declining since July 2025, falling to 15 per cent in September, mainly because of a decline in exports of marine products, precious and semi-precious stones, ready-made cotton garments, and cotton fabrics.

The report said ‘Interestingly, the share of India's merchandise exports to other countries during this period has increased significantly, indicating the diversification of our exports basket with the UAE, China, Vietnam, Japan, and Hong Kong, as also Bangladesh, Sri Lanka, and Nigeria being among the top destinations (over FY25) across different product categories.’

The CNX Nifty ended at 25959.50, down by 108.65 points or 0.42% after trading in a range of 25912.15 and 26142.80. There were 12 stocks advancing against 38 stocks declining on the index. (Provisional)

The top gainers on Nifty were Tech Mahindra up by 2.27%, Eicher Motors up by 1.74%, Bajaj Auto up by 1.30%, Wipro up by 1.14% and Shriram Finance up by 0.60%. On the flip side, Bharat Electronics down by 3.01%, JSW Steel down by 3.01%, Max Healthcare down by 2.14%, Grasim Industries down by 1.69% and Mahindra & Mahindra down by 1.57% were the top losers. (Provisional)

European markets were trading higher; Germany’s DAX gained 138.13 points or 0.6% to 23,230.00, UK’s FTSE 100 increased 16.34 points or 0.17% to 9,556.05 and France’s CAC rose 6.95 points or 0.09% to 7,989.60.

Asian markets settled mostly higher on Monday tracking Wall Street’s gains last Friday after New York Federal Reserve President John Williams described monetary policy as being modestly restrictive and said he sees room for a further adjustment to rates in the near term. Hong Kong shares surged, lifted by gains in major tech shares after Alibaba Group Holding’s recently launched Qwen AI app has seen explosive growth, surpassing 10 million downloads within a week. Chinese shares finished almost flat after hitting six-week lows. Chinese shares in the defence sector jumped as the China-Japan spat continued, with China escalating the dispute over Taiwan at the UN and Japan's defence minister visiting a military base close to Taiwan. Japanese market was closed for Labour Thanksgiving Day.