Indian equity benchmarks added losses in morning deals, amid persistent foreign fund outflows and concerns about potential US tariff hikes. Traders remained cautious as exchange data showed foreign institutional investors offloaded equities worth Rs 1,527.71 crore on Wednesday. Traders overlooked External Affairs Minister S Jaishankar’s statement that India is strengthening its relationship with Europe and both sides can bring greater stability to the international economy and global politics. Sector-wise, auto stocks remained in watch as the Federation of Automobile Dealers' Association (FADA) in its data showed that electric vehicle (EV) retail sales grew by 16.37 per cent to 22,70,107 units in 2025 as compared to 19,50,727 units in 2024. On the global front, Asian markets are trading mixed as the rally that has characterised the start of the year paused with investors looking ahead to the release of key US jobs data this week. 

The BSE Sensex is currently trading at 84683.04, down by 278.10 points or 0.33% after trading in a range of 84634.90 and 84965.27. There were 11 stocks advancing against 19 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.66%, while Small cap index was down by 0.38%.

The top gaining sectoral indices on the BSE were Capital Goods up by 0.50%, Realty up by 0.14% and Industrials up by 0.10%, while Metal down by 2.53%, Basic Materials down by 1.52%, Oil & Gas down by 1.52%, IT down by 1.38% and Energy down by 1.23% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.37%, Adani Ports &Special up by 1.13%, Bharat Electronics up by 0.89%, ICICI Bank up by 0.42% and Titan Co up by 0.41%. On the flip side, TCS down by 2.72%, Tech Mahindra down by 1.49%, Tata Steel down by 1.47%, Asian Paints down by 1.17% and Ultratech Cement down by 1.08% were the top losers.

Meanwhile, the Federation of Automobile Dealers' Association (FADA) in its latest data has showed that electric vehicle (EV) retail sales grew by 16.37 per cent to 22,70,107 units in 2025 as compared to 19,50,727 units in 2024. This surge was largely driven by sales of electric passenger cars which grew by 77.04% to 1,76,817 units in 2025 as against 99,975 units a year earlier. 

According to the data, sales of electric commercial vehicles (eCVs) rose 54.2 per cent to 15,606 units in 2025 from 10,123 units a year earlier. The electric two-wheeler sales during the reporting period increased 11.36 per cent to 12,79,951 units from 11,49,416 units in the year-ago period. Similarly, the e-three-wheeler retail sales also grew by 15.39 per cent to 7,97,733 units in 2025 against 6,91,313 units sold in 2024.  

FADA president CS Vigneshwar has stated that year 2025 clearly reinforces that India's electrification journey is no longer a pilot; it is scaling, segment by segment. On the strength of robust ground-level adoption, electric two-wheelers retailed around 12.80 lakh retails (+11.36 per cent YoY) with an EV share of 6.3 per cent, while electric passenger vehicles grew sharply to 1,76,817 units (+77.04 per cent YoY), taking EV share to around 4 per cent from 2.4 per cent last year. He stressed the need for a coordinated push on charging infrastructure, policy continuity, and faster, more inclusive retail financing so that EV adoption becomes even more mainstream and pan-India. 

The CNX Nifty is currently trading at 26039.95, down by 100.80 points or 0.39% after trading in a range of 26026.15 and 26133.20. There were 15 stocks advancing against 35 stocks declining on the index.

The top gainers on Nifty were Eternal up by 1.44%, Adani Ports &SEZ up by 1.39%, Bharat Electronics up by 1.30%, SBI Life Insurance up by 0.82% and Bajaj Finance up by 0.59%. On the flip side, TCS down by 2.98%, Hindalco down by 2.47%, JSW Steel down by 2.02%, Tata Steel down by 1.74% and Tech Mahindra down by 1.70% were the top losers.

Asian markets are trading mixed; Taiwan Weighted added 26 points or 0.09% to 30,461.47, Jakarta Composite gained 48.46 points or 0.54% to 8,993.27, Shanghai Composite strengthened 5.47 points or 0.13% to 4,091.24 and KOSPI increased 52.57 points or 1.16% to 4,603.63.

On the flip side, Hang Seng declined 308.95 points or 1.17% to 26,150.00, Straits Times fell 6.08 points or 0.13% to 4,741.54 and Nikkei 225 slipped 594.98 points or 1.15% to 51,367.00.