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Domestic indices remain weak in late morning deals
Oct-30-2025

Domestic equity indices continued to trade lower in late morning deals as market participants indulged in reducing their positions. Sentiments remained weak as Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 2,540.2 crore on October 29. Further, depreciation in Indian rupee against dollar too weighed down sentiments. Rupee weakened by 27 paise to 88.49 against the dollar at the Inter-bank Foreign Exchange market on account of increased demand for the American currency from importers and banks. On the BSE sectoral front, traders were seen piling up positions in Oil & Gas, Industrials, Energy and PSU, while selling was witnessed in Telecom, TECK, Metal, Utilities and Basic Materials.

On the global front, Asian markets were trading mixed as investors eagerly awaited the outcome of a highly anticipated meeting today between U.S. President Donald Trump and Chinese President Xi Jinping that reportedly lasted longer than scheduled. Back home, Dr Reddy's Laboratories slumped after the approval for its Semaglutide injection was delayed.

The BSE Sensex is currently trading at 84619.01, down by 378.12 points or 0.44% after trading in a range of 84467.03 and 84906.95. There were 6 stocks advancing against 24 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.14%, while Small cap index down by 0.17%.

The few gaining sectoral indices on the BSE were Oil & Gas up by 0.46%, Industrials up by 0.28%, Energy up by 0.26% and PSU up by 0.01%, while Telecom down by 2.40%, TECK down by 0.95%, Metal down by 0.78%, Utilities down by 0.77% and Basic Materials down by 0.59% were the top losing indices on BSE.

The top gainers on the Sensex were Larsen & Toubro up by 1.33%, Adani Ports up by 0.42%, Maruti Suzuki up by 0.35%, Titan up by 0.29% and SBI up by 0.26%. On the flip side, Power Grid down by 1.55%, Bharti Airtel down by 1.49%, Sun Pharma down by 1.38%, Tata Steel down by 1.16% and Eternal down by 1.04% were the top losers.

Meanwhile, NITI Aayog's Frontier Tech Hub has unveiled a roadmap for making India a global leader in advanced manufacturing. With targeted interventions, the roadmap estimates manufacturing to contribute over 25% to India's GDP, creating more than 100 million jobs, and positioning India among the top three global hubs for advanced manufacturing by 2035.

The road map is developed in collaboration with CII and Deloitte with guidance from an expert council of industry leaders. Further, it lays out a sector-focused path to harness frontier technologies and elevate India's manufacturing competitiveness. Besides, the roadmap emphasizes Artificial Intelligence and Machine Learning, Advanced Materials, Digital Twins and Robotics as high-impact enablers and maps their implications across 13 priority manufacturing sectors.

To address current barriers limiting India's manufacturing competitiveness, it has suggested coordinated strengthening of R&D ecosystems, industrial infrastructure, workforce development, and scaled deployment of frontier technologies in sector-specific ways through a 10-year strategic roadmap detailing out comprehensive interventions. However, if India fails to adopt key frontier technologies in high impact sectors, the NITI Aayog has cautioned that the country will risk a historic window of opportunity and this could lead to a potential loss of $270 billion by 2035 and $1 trillion by 2047 in additional manufacturing GDP.

The CNX Nifty is currently trading at 25940.30, down by 113.60 points or 0.44% after trading in a range of 25892.25 and 26032.05. There were 12 stocks advancing against 38 stocks declining on the index.

The top gainers on Nifty were Larsen & Toubro up by 1.44%, Coal India up by 1.01%, Shriram Finance up by 0.90%, Bharat Electronics up by 0.49% and Maruti Suzuki up by 0.44%. On the flip side, Dr. Reddy's Lab down by 4.40%, HDFC Life Insurance down by 1.50%, Bharti Airtel down by 1.46%, Sun Pharma down by 1.29% and Power Grid down by 1.27% were the top losers.

Asian markets were trading mixed; Nikkei 225 surged 96.35 points or 0.19% to 51,404.00, Jakarta Composite gained 6.64 points or 0.08% to 8,172.86, KOSPI increased 8.04 points or 0.2% to 4,089.19 and Hang Seng advanced 24.86 points or 0.09% to 26,371.00. However, Taiwan Weighted lost 7.39 points or 0.03% to 28,287.35, Shanghai Composite weakened 3.32 points or 0.08% to 4,013.01 and Straits Times fell 21.31 points or 0.48% to 4,418.90.
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