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Key gauges continue to trade lower in morning deals
Dec-15-2025

Indian equity benchmarks continued to trade lower in morning deals, in-tandem with a weak trend in global markets and persistent foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,114.22 crore on Friday, according to exchange data. Also, uncertainty over an India-US trade deal weighed on investors' sentiment. Some concern also came as government data showed retail inflation inched up to 0.71 per cent in November, from a record low of 0.25 per cent in the previous month, on rising prices of food items. Sector-wise, diamond stocks remained in watch as the Gem and Jewellery Export Promotion Council (GJEPC) said India's gems and jewellery exports grew 19.64 per cent to $2.5 billion in November compared to the same month last year. Total exports stood at $2.1 billion during the corresponding month of the previous year. On the global front, Asian markets are trading mostly in red as concerns about the AI-fuelled tech rally returned to the spotlight after weak earnings from two big-name firms last week revived questions about the wisdom of the vast sums invested in the sector. 

The BSE Sensex is currently trading at 85062.15, down by 205.51 points or 0.24% after trading in a range of 84840.32 and 85156.83. There were 8 stocks advancing against 22 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index fell 0.27%, while Small cap index was up by 0.17%.

The top gaining sectoral indices on the BSE were Consumer Durables up by 0.41%, Industrials up by 0.22%, IT up by 0.22%, FMCG up by 0.11% and Capital Goods up by 0.07%, while Auto down by 1.04%, Healthcare down by 0.71%, Realty down by 0.66%, Telecom down by 0.64% and Consumer Discretionary down by 0.47% were the losing indices on BSE.

The top gainers on the Sensex were Hindustan Unilever up by 0.78%, Asian Paints up by 0.62%, Ultratech Cement up by 0.30%, Bharat Electronics up by 0.28% and Infosys up by 0.16%. On the flip side, Mahindra & Mahindra down by 1.26%, Bajaj Finserv down by 1.03%, Adani Ports &SEZ down by 0.86%, Bajaj Finance down by 0.83% and Kotak Mahindra Bank down by 0.76% were the top losers.

Meanwhile, The Reserve Bank of India (RBI) has advised the banks to link loans to micro, small and medium enterprises (MSMEs) to an external benchmark. This move aims to improve the transmission of the central bank's monetary policy and support the MSME sector.  The RBI has also agreed a reduction in the reset clause for these loans under the external benchmark system to a three-month period. Further, to make the benefit of external benchmark-based interest regime available to existing borrowers, banks have been advised to provide a switchover option as per mutually agreed terms. Moreover, the government implements Quality Control Orders (QCOs) with exemptions and relaxations for MSMEs to ensure no disruption of domestic production. 

The Government of India, through Bureau of Indian Standards (BIS), Department of Consumer Affairs, implements, phase-wise, QCOs issued by line ministries with exemptions/relaxations for MSMEs, to ensure that such orders do not disrupt domestic production. Some of the key relaxations and exemptions include additional time for Micro and Small Enterprises (MSEs): six-month extension for micro enterprises and three-month extension for small enterprises. The exemptions are extended to imports by domestic manufacturers for producing export-oriented products and exemption for import of up to 200 units for research & development purposes. It also entails a provision for clearance of legacy stock (manufactured or imported before implementation) within six months from the effective date. BIS provides financial incentives to MSMEs in annual minimum marking fee with concession of 80 per cent (for micro enterprises), 50 per cent (small enterprises) and 20 per cent (medium enterprises). An additional concession of 10 per cent is provided to enterprises, which are either located in the northeast or is an MSME unit run by women entrepreneurs.

Moreover, the requirement for MSME units to maintain in-house laboratory has been made optional. The government has also announced Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), which offers a credit guarantee, making it easier for such units to obtain loans, especially for purchasing essential equipment and machinery. In order to further ease credit access, Schedule Commercial Banks have been mandated not to accept collateral security in case of loans up to Rs 10 lakh to units in the MSE (micro and small enterprises) sector.  

The CNX Nifty is currently trading at 25976.05, down by 70.90 points or 0.27% after trading in a range of 25904.75 and 26007.20. There were 16 stocks advancing against 34 stocks declining on the index.

The top gainers on Nifty were Interglobe Aviation up by 2.41%, Shriram Finance up by 1.16%, Asian Paints up by 0.90%, Hindustan Unilever up by 0.86% and Tech Mahindra up by 0.57%. On the flip side, ONGC down by 2.17%, Mahindra & Mahindra down by 1.48%, Eicher Motors down by 1.47%, JSW Steel down by 1.10% and HDFC Life Insurance down by 1.08% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 630.55 points or 1.24% to 50,206.00, Taiwan Weighted lost 277.96 points or 0.99% to 27,920.06, Shanghai Composite weakened 3.4 points or 0.09% to 3,885.95, KOSPI dropped 50.63 points or 1.21% to 4,116.53, Hang Seng declined 245.79 points or 0.95% to 25,731.00 and Straits Times fell 12.53 points or 0.27% to 4,573.92.

On the flip side, Jakarta Composite gained 52.64 points or 0.61% to 8,713.14.
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