Markets extend losses in late trade

Bourses extended losses in late trade weighed by weak cues from European equity markets. The European equity markets were trading mostly in red after recent comments from European Central Bank officials suggested a pragmatic, wait-and-see approach. Besides, investors took cautious approach ahead of Federal Reserve’s monetary policy decision and officials’ comments regarding interest rate outlook. Back home, the persistent selling by foreign institutional investors (FIIs) has weighed on trading sentiments. The FIIs were the net seller on Tuesday’s session, offloading equities worth Rs 3,760.08. Market participants also awaited for clues on ongoing negotiations of India-US bilateral trade deal. 

The BSE Sensex is currently trading at 84353.19, down by 313.09 points or 0.37% after trading in a range of 84344.77 and 85020.34. There were 12 stocks advancing against 18 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.97%, while Small cap index was down by 0.48%.

The top gaining sectoral indices on the BSE were Metal up by 0.52%, Basic Materials up by 0.17%, Energy up by 0.10%, Utilities up by 0.04% and FMCG up by 0.03%, while Capital Goods down by 1.09%, Consumer Durables down by 0.88%, IT down by 0.83%, Industrials down by 0.81% and TECK down by 0.79% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 1.06%, ITC up by 0.62%, Reliance Industries up by 0.50%, NTPC up by 0.33% and HCL Technologies up by 0.31%. On the flip side, Eternal down by 2.37%, Trent down by 1.24%, ICICI Bank down by 1.08%, Infosys down by 0.91% and Bharti Airtel down by 0.84% were the top losers.

Meanwhile, the Reserve Bank of India (RBI) Governor Sanjay Malhotra has said that while there has been steady improvement in the health and operations of the banking sector in 2025, banks must avoid complacency and remain vigilant in a dynamic environment. These comments came during the meeting with the Managing Directors and Chief Executive Officers of Public Sector Banks and select Private Sector Banks in Mumbai. 

RBI Governor further noted that the 125 basis points easing, combined with greater use of technology, should translate into lower intermediation costs and higher efficiency, thereby supporting sustainable growth and deeper financial inclusion. Emphasising better customer service, he urged banks to focus on reducing grievances and strengthening internal systems. 

Malhotra also highlighted the growing risks from digital frauds and called for more robust, intelligence-driven safeguards. Appreciating banks’ efforts on re-KYC and unclaimed deposits, he encouraged proactive outreach and sustained awareness campaigns. He reaffirmed the Reserve Bank’s consultative approach, referring to recent initiatives in consolidation and simplification of regulations.

The CNX Nifty is currently trading at 25739.05, down by 100.60 points or 0.39% after trading in a range of 25734.55 and 25947.65. There were 19 stocks advancing against 31 stocks declining on the index.

The top gainers on Nifty were Eicher Motors up by 1.54%, Hindalco up by 1.13%, Tata Steel up by 0.88%, HDFC Life Insurance up by 0.87% and SBI Life Insurance Company up by 0.65%. On the flip side, Interglobe Aviation down by 3.37%, Eternal down by 2.45%, Jio Financial Services down by 1.24%, Trent down by 1.19% and Apollo Hospitals Enterprise down by 1.18% were the top losers.

Asian equity markets were trading mixed; Taiwan Weighted added 218.13 points or 0.77% to 28,400.73, Hang Seng advanced 51.77 points or 0.2% to 25,486.00 and Jakarta Composite gained 16.76 points or 0.19% to 8,673.94, while Nikkei 225 slipped 182.1 points or 0.36% to 50,473.00, KOSPI dropped 8.55 points or 0.21% to 4,135.00, Straits Times fell 7.6 points or 0.17% to 4,505.64 and Shanghai Composite weakened 9.02 points or 0.23% to 3,900.50.

European equity markets were trading mostly in red; France’s CAC fell 38.01 points or 0.47% to 8,014.50 and Germany’s DAX lost 135.95 points or 0.56% to 24,026.70, while UK’s FTSE 100 increased 4.99 points or 0.05% to 9,647.00.