Markets continue weak trade in morning session

Key Indian benchmarks remained sluggish in morning session, weighed down by weak global market trends and no breakthrough in the India-US trade deal. Persistent foreign fund outflows also dented investors' sentiment. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,468.32 crore on Monday, according to exchange data. Traders overlooked the commerce ministry’s data showed India's exports rebounded by 19.37 per cent to $38.13 billion in November after contracting in October, driven by higher shipments of engineering and electronics goods that helped bring down the trade deficit to a five-month low of $24.53 billion. Separately, Commerce Secretary Rajesh Agrawal has said that the negotiations between India and the 27-nation bloc EU have entered the most difficult stage, and both sides are engaged to bridge the differences and close the talks soon. On the global front, Asian markets are trading lower with lingering uncertainty around tariffs and caution ahead of key U.S. jobs and inflation data due this week keeping investors on edge. 

The BSE Sensex is currently trading at 84780.73, down by 432.63 points or 0.51% after trading in a range of 84716.70 and 85059.96. There were 10 stocks advancing against 20 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.62%, while Small cap index was down by 0.50%.

The top gaining sectoral indices on the BSE were Telecom up by 0.82%, FMCG up by 0.50% and Consumer Durables up by 0.11%, while IT down by 1.08%, Metal down by 0.93%, Energy down by 0.79%, Realty down by 0.77% and Oil & Gas down by 0.73% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 1.14%, Titan Company up by 0.76%, ITC up by 0.66%, Asian Paints up by 0.49% and Mahindra & Mahindra up by 0.46%. On the flip side, Eternal down by 3.96%, Axis Bank down by 3.80%, Tata Steel down by 1.36%, Bharat Electronics down by 1.19% and HCL Technologies down by 1.18% were the top losers.

Meanwhile, the Engineering Export Promotion Council (EEPC) of India has said that Engineering goods exports surged 2 3.71 per cent to $11.01 billion in November 2025 as compared to $8.90 billion in November 2024, despite tariff headwinds. Moreover, it stated cumulatively, engineering exports rose 4.25 per cent year-on-year to $79.74 billion during April-November in FY26.

EEPC India Chairman Pankaj Chadha said that engineering goods exports’ performance was positive in November 2025 even as the 50 per cent punitive tariff imposed by the Donald Trump administration continues to impact a large part of India's export basket. Further, he sated the strong performance in November shows the resilience of the Indian engineering industry and its ability to adapt quickly to a challenging global trade environment, with continued support from government intervention. 

Besides, he said that Engineering Industry is hopeful about diversifying export markets, aided by several trade agreements currently under negotiation, which are expected to help Indian engineering exporters expand their global footprint. Moreover, he said that the industry is awaiting final guidelines for the Rs 25,060-crore Export Promotion Mission, which is expected to boost exports further.

The CNX Nifty is currently trading at 25905.30, down by 122.00 points or 0.47% after trading in a range of 25879.30 and 25980.75. There were 13 stocks advancing against 37 stocks declining on the index.

The top gainers on Nifty were Tata Consumer Product up by 1.37%, Bharti Airtel up by 1.10%, Nestle up by 1.08%, HDFC Life Insurance up by 0.86% and Apollo Hospital up by 0.61%. On the flip side, Eternal down by 4.04%, Axis Bank down by 3.85%, HCL Technologies down by 1.42%, JSW Steel down by 1.33% and Tata Steel down by 1.28% were the top losers.

Asian markets are trading lower; Nikkei 225 slipped 716.11 points or 1.43% to 49,452.00, Taiwan Weighted lost 301.49 points or 1.08% to 27,565.45, Jakarta Composite plunged 0.18 points or 0% to 8,649.48, Shanghai Composite weakened 50.93 points or 1.32% to 3,816.99, KOSPI dropped 66.39 points or 1.62% to 4,024.20, Hang Seng declined 526.88 points or 2.06% to 25,102.00 and Straits Times fell 3.32 points or 0.07% to 4,585.85.