Bourses trim some losses in early afternoon session

Indian markets trimmed some losses in early afternoon session but continued to trade in red. As for broader indices, the BSE Mid cap index and Small cap index traded in red. Traders overlooked Federation of Indian Chambers of Commerce and Industry (FICCI) President Anant Goenka’s statement that India is in a 'sweet spot' to sustain growth, and the GDP is expected to expand by over 7 per cent this financial year (FY26) on the back of strong macro fundamentals and ongoing reforms. Goenka also said that the chamber's focus for the coming year would be to increase the share of the manufacturing sector in the GDP from its current 15-17 per cent to 20-25 per cent levels over time. On the global front, Asian markets were trading mostly in green even after China's service sector grew at the slowest pace in five months in November. The headline RatingDog services Purchasing Managers' Index fell to 52.1 in November from 52.6 in October.

The BSE Sensex is currently trading at 84983.02, down by 155.25 points or 0.18% after trading in a range of 84763.64 and 85269.68. There were 8 stocks advancing against 22 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.87%, while Small cap index was down by 0.46%.

The few gaining sectoral indices on the BSE were IT up by 1.09%, Telecom up by 0.67% and TECK up by 0.66%, while PSU down by 1.52%, Auto down by 1.21%, Capital Goods down by 1.12%, Consumer Disc down by 0.99% and Consumer Durables was down by 0.95% were the top losing indices on BSE.

The top gainers on the Sensex were TCS up by 2.34%, Infosys up by 1.12%, ICICI Bank up by 0.97%, Tech Mahindra up by 0.75% and Axis Bank up by 0.65%. On the flip side, Mahindra & Mahindra down by 1.91%, NTPC down by 1.86%, Bharat Electronics down by 1.68%, SBI down by 1.56% and Tata Motors Passenger down by 1.51% were the top losers.

Meanwhile, Minister for New and Renewable Energy Pralhad Joshi has said that the country has added 31.2 gigawatt (GW) of non-fossil fuel-based energy capacity in the April-October period of FY26 and added that there has been no cancellation of awarded clean energy projects. He said as of October, the country's total installed capacity from non-fossil sources stands at about 259 GW. The contribution of non-fossil fuel capacity was 51.37 per cent to India's overall installed power generation capacity of 5.5 lakh megawatt (MW) at the end of October. 

The minister further said that as of October 2025, Solar Energy Corporation of India, NTPC, NHPC and SJVN, have issued Letters of Award (LoAs) of 67,554 MW in respect of renewable power procurement tenders since April 2023, and no cancellations have been made after issuance of Letters of Award. The above comments assume significance as there are over 40 GW of awarded capacity of renewable energy projects in the country do not have any power purchase agreements (PPAs).

He said the government has taken several proactive measures to facilitate the further execution of PPAs in respect of bids issued by Renewable Energy Implementing Agencies (REIAs). He said the measures include urging states to comply with the Renewable Consumption Obligation (RCO) under the Energy Conservation Act, and advising REIAs to aggregate demand from discoms and other consumers before designing and issuing tenders. Besides, regional workshops have been organised with major renewable energy-procuring states to address implementation challenges and accelerate PPA signing. He added that the government is conducting a 'case-by-case' analysis of uncontracted capacity of renewable energy projects, and the assessment is expected to be clear by early January 2026.

The CNX Nifty is currently trading at 25962.45, down by 69.75 points or 0.27% after trading in a range of 25891.00 and 26066.45. There were 11 stocks advancing against 39 stocks declining on the index.

The top gainers on Nifty were Wipro up by 2.70%, TCS up by 2.35%, Infosys up by 1.15%, ICICI Bank up by 0.93% and Hindalco up by 0.89%. On the flip side, Shriram Finance down by 2.30%, Max Healthcare Inst down by 2.06%, Tata Consumer down by 1.94%, Mahindra & Mahindra down by 1.87% and NTPC down by 1.87% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 694.55 points or 1.39% to 49,998.00, Taiwan Weighted added 228.77 points or 0.82% to 27,793.04, KOSPI increased 41.37 points or 1.02% to 4,036.30, Jakarta Composite gained 14.84 points or 0.17% to 8,631.88 and Straits Times was up by 10.73 points or 0.24% to 4,548.69. On the flip side, Shanghai Composite weakened 19.71 points or 0.51% to 3,878.00 and Hang Seng was down by 324.05 points or 1.24% to 25,771.00.