Indian equity benchmarks failed to build on the gains recorded in the opening hours and ended on a negative note for the third consecutive session on Wednesday as the lack of progress in the US-India trade negotiations and extended selling by foreign portfolio investors have weighed on the sentiment.
Some of the important factors in trade:
November sees 31% decline in India’s Outward FDI: The Reserve Bank of India’s (RBI) data has showed that India’s outward foreign direct investment (OFDI) commitments declined 30.82% to $2037.07 million in November 2025, from $2944.45 million in November 2024.
India’s exports to China surge: The commerce ministry data showed Petroleum products, and electronic goods are helping India increase its exports to China, with which it has a huge trade deficit of about $100 billion. India's exports to China rose from $9.20 billion in April-November 2024 to $12.22 billion in April-November 2025, an increase of 32.83 per cent year-on-year.
Inter-Ministerial Committee to monitor import, export: The government has constituted an inter-ministerial committee to monitor export and import trends and recommend corrective action wherever required.
Rupee recovers against US Dollar: Indian rupee recovered sharply from its all-time low level against the US dollar after a volatile trade, amid suspected aggressive central bank intervention.
Global front: European markets were trading higher with banks and commodity-stocks leading the surge ahead of central bank decisions from the European Central Bank. Asian markets ended mixed as investors digested mixed U.S. employment data and looked ahead to Thursday's inflation data for fresh insights into the U.S. economic and rate outlook.
Finally, the BSE Sensex fell 120.21 points or 0.14% to 84,559.65 and the CNX Nifty was down by 41.55 points or 0.16% to 25,818.55.
The BSE Sensex touched high and low of 84,889.45 and 84,415.98 respectively. There were 16 stocks advancing against 13 stocks declining, while 1 stock remained unchanged on the index.
The broader indices ended in red; the BSE Mid cap index fell 0.53%, while Small cap index was down by 0.85%.
The top gaining sectoral indices on the BSE were Oil & Gas up by 0.32%, TECK up by 0.32%, Energy up by 0.29%, Metal up by 0.27% and PSU up by 0.25%, while Capital Goods down by 0.96%, Consumer Durables down by 0.81%, Realty down by 0.81%, Industrials down by 0.76% and Consumer discretionary down by 0.55% were the top losing indices on BSE.
The top gainers on the Sensex were SBI up by 1.51%, Infosys up by 0.61%, Sun Pharma up by 0.51%, Axis Bank up by 0.41% and TCS up by 0.41%. On the flip side, Trent down by 1.64%, HDFC Bank down by 0.99%, ICICI Bank down by 0.96%, Adani Ports &SEZ down by 0.89% and Bajaj Finserv down by 0.69% were the top losers.
Meanwhile, the government has notified a Rs 7,280 crore Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet (REPM). The initiative is targeting to reduce dependence on China for critical inputs and ensure a steady supply for electric vehicles, electronics, aerospace, and green energy.
The scheme, approved earlier by the Union Cabinet, aims to develop a complete domestic value chain of converting rare earth oxide into sintered NdFeB, essential for India's industrial and strategic growth. Neodymium-Iron-Boron (NdFeB) is the alloy used to create the strongest type of permanent magnets.
Through this scheme, the government plans to incentivise setting up of 6,000 Million Tonnes Per Annum of integrated REO (rare earth oxides) to sintered NdFeB REPM's manufacturing facilities in the country. Indigenously produced sintered NdFeB REPMs from NdPr oxide will be eligible for sales-linked incentives and capital subsidy under the scheme.
The government will allocate up to 6,000 MTPA of integrated sintered NdFeB magnet manufacturing capacity to five applicants through a transparent bidding process -- Global Tender Enquiry (GTE) by issuing a Request for Proposal (RFP). The minimum allocation to a beneficiary will be 600 MTPA, going up to a maximum allocation of 1,200 MTPA, in multiples of 100 MTPA.
CNX Nifty touched high and low of 25,929.15 and 25,770.35 respectively. There were 24 stocks advancing against 26 stocks declining on the index.
The top gainers on Nifty were Shriram Finance up by 2.07%, SBI up by 1.58%, Hindalco up by 1.30%, Eicher Motors up by 1.15% and Tata Consumer Product up by 0.86%. On the flip side, Max Healthcare down by 3.71%, Apollo Hospital down by 1.98%, Trent down by 1.66%, Bajaj Auto down by 1.55% and HDFC Life Insurance Company down by 1.49% were the top losers.
European markets were trading higher; UK’s FTSE 100 increased 162.25 points or 1.68% to 9,847.04, France’s CAC rose 3.64 points or 0.04% to 8,109.80 and Germany’s DAX gained 105.73 points or 0.44% to 24,182.60.
Asian markets ended mixed on Wednesday tracking Wall Street’s mixed finish overnight following the release of jobs and retail sales data, while investors were awaiting Thursday's inflation data for fresh insights into the US economic and rate outlook. Further, the US economy shed 105,000 jobs in October and the unemployment rate touched 4.6 percent -- its highest level since September 2021, while 64,000 jobs were added in November beat forecasts for an increase of 50,000 jobs. US business activity expanded at its weakest pace since June, while retail sales were unexpectedly flat in October as consumers cut back on spending due to rising economic uncertainty. Chinese and Hong Kong shares rose sharply, with technology shares leading the surge. Chinese chipmaker MetaX Integrated Circuits soared more than 700% on its Shanghai market debut after raising $600 million in its initial public offering. Japan’s Nikkei gained even as robust economic data reinforced expectations that the Bank of Japan will raise interest rates this week. Data showed the country's trade balance grew much more than expected in November, lifted by a 6.1% year on year rise in exports. Separate data revealed that Japan's core machinery orders, which exclude volatile sectors such as ships and electric power, jumped 7% month-over-month in October. Seoul shares rallied as investors picked up semiconductor shares, while the Korean won weakened to its lowest level in over eight months against the US dollar.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,870.28 | 45.47 | 1.19 |
Hang Seng | 25,468.78 | 233.37 | 0.92 |
Jakarta Composite | 8,677.35 | -9.12 | -0.11 |
KLSE Composite | 1,641.44 | -6.87 | -0.42 |
Nikkei 225 | 49,512.28 | 128.99 | 0.26 |
Straits Times | 4,575.48 | -4.25 | -0.09 |
KOSPI Composite | 4,056.41 | 57.28 | 1.43 |
Taiwan Weighted | 27,525.17 | -11.49 | -0.04 |
