Indian equity markets continued to trade below the unchanged lines in late afternoon session amid negative cues from global markets. The uncertainty surrounding Federal Reserve’s future interest rate cuts amid lack of key US economic data has weighed on global markets. Meanwhile, traders overlooked Moody’s Ratings report saying it expects India - the fastest-growing G-20 economy - will grow at 6.5 per cent through 2027, supported by domestic and export diversification. Further, real GDP growth for 2025 calendar year is pegged at 7 per cent, higher than 6.7 per cent in 2024.  

On the global markets, all Asian and European markets equity markets were trading lower tracking losses from Wall Street overnight.

The BSE Sensex is currently trading at 84135.66, down by 343.01 points or 0.41% after trading in a range of 84029.32 and 84464.94. There were 13 stocks advancing against 18 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.34%, while Small cap index was down by 0.05%.

The few gaining sectoral indices on the BSE were Telecom up by 0.32%, FMCG up by 0.23%, Consumer Durables up by 0.09% and PSU up by 0.03%, while IT down by 1.79%, TECK down by 1.40%, Metal down by 1.08%, Auto down by 0.91% and Oil & Gas down by 0.86% were the top losing indices on BSE.

The top gainers on the Sensex were Axis Bank up by 0.99%, Bajaj Finance up by 0.97%, Trent up by 0.97%, SBI up by 0.82% and Bharat Electronics up by 0.75%. On the flip side, Infosys down by 3.32%, Tata Motors Passenger Vehicles down by 2.29%, Tata Steel down by 1.67%, Tech Mahindra down by 1.50% and ICICI Bank down by 1.36% were the top losers.

Meanwhile, India's wholesale price index (WPI) inflation slipped into the negative zone in the month of October 2025, easing to (-) 1.21%, compared with 0.13% in September 2025. Negative rate of inflation in October 2025 is primarily due to decrease in prices of crude petroleum & natural gas and non-food articles.

The component wise, primary articles index, having weight of 22.62%, decreased by 0.42% from 189.0 (provisional) for the month of September 2025 to 188.2 (provisional) in October 2025, as the prices of crude petroleum & natural gas and non-food articles decreased in the reported month. But, the prices of minerals increased in October 2025 as compared to September 2025, while the prices of food articles remained same as in the previous month.

Fuel & Power index, having weight of 13.15%, increased by 1.12% from 143.4 (provisional) for the month of September 2025 to 145.0 (provisional) in October 2025, on the back of rising prices of electricity and mineral oils. However, the prices of coal remained same as in the previous month. Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, decreased by 0.07% from 145.2 (provisional) for the month of September 2025 to 145.1 (provisional) in October 2025. 

WPI Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group has remained constant 192.0 from September 2025 to October 2025. The rate of inflation (Y-o-Y) based on WPI Food Index decreased to (-) 5.04% in October 2025 from (-) 1.99% in September 2025. Meanwhile, for the month of August, 2025, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 155.2 and 0.52% respectively.

The CNX Nifty is currently trading at 25783.10, down by 96.05 points or 0.37% after trading in a range of 25740.80 and 25879.15. There were 23 stocks advancing against 28 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 1.84%, Axis Bank up by 1.07%, SBI up by 0.91%, Bajaj Finance up by 0.90% and Trent up by 0.88%. On the flip side, Infosys down by 3.16%, Eicher Motors down by 2.36%, Tata Motors Passenger Vehicles down by 2.25%, JSW Steel down by 1.74% and Tata Steel down by 1.69% were the top losers.

All Asian equity markets were trading lower; Nikkei 225 slipped 908.83 points or 1.8% to 50,373.00, Taiwan Weighted lost 506.06 points or 1.85% to 27,397.50, Hang Seng declined 479.03 points or 1.8% to 26,594.00, KOSPI dropped 159.06 points or 3.97% to 4,011.57, Straits Times fell 41.55 points or 0.91% to 4,534.36, Shanghai Composite weakened 39.01 points or 0.98% to 3,990.49 and Jakarta Composite plunged 1.08 points or 0.01% to 8,370.92.

All European equity markets were trading lower; UK’s FTSE 100 decreased -99.72 points or -1.02% to 9,707.96, France’s CAC fell -45.49 points or -0.55% to 8,187.00 and Germany’s DAX lost -176.62 points or -0.73% to 23,865.00.