BENCHMARKS TRADE LOWER; MEDIA SHARES UNDER PRESSURE

The key equity benchmarks traded with moderate losses in mid-morning trade amid NSE�s F&O contract expiry. Investor focus now shifts to upcoming IPO activity, PMI data and the RBI�s monetary policy meeting scheduled later this week. The Nifty traded below the 26,100 level.

Media shares witnessed selling pressure for the second consecutive trading sessions.

At 11:25 IST, the barometer index, the S&P BSE Sensex, declined 326.96 points or 0.38% to 85,314.94. The Nifty 50 index fell 92.45 points or 0.35% to 26,083.65.

In the broader market, the S&P BSE Mid-Cap index rose 0.01% and the S&P BSE Small-Cap index fell 0.33%.

The market breadth was negative. On the BSE, 1,531 shares rose and 2,261 shares fell. A total of 208 shares were unchanged.

Economy:

India�s IIP growth rate for the month of October 2025 is 0.4 percent, compared with 4.0 percent in the month of September 2025. The said decline is 14-month low indicating a sharp slowdown in the economy.

India�s current account deficit moderated to $12.3 billion (1.3 per cent of GDP) in Q2:2025-26 from $ 20.8 billion (2.2 per cent of GDP) in Q2:2024-25, the RBI said on Monday.

Buzzing Index:

The Nifty Media index fell 0.69% to 1,454.65. The index fell 0.93% for two consecutive trading sessions.

Tips Music (down 2.81%), Saregama India (down 2.66%), Hathway Cable & Datacom (down 1.16%), Zee Entertainment Enterprises (down 0.71%), D B Corp (down 0.69%), Network 18 Media & Investments (down 0.53%), Nazara Technologies (down 0.37%), PVR Inox (down 0.24%) advanced.

Stock in Spotlight;

Hero MotoCorp declined 0.41%. The company has recorded 31% rise in total two-wheeler sales in November 2025, selling 604,490 units during the month as compared with 459,805 units dispatched in the same period last year.

Global Markets:

Most Asian market traded higher on Tuesday, breaking ranks with Wall Street which fell yesterday as crypto sell-off dented market sentiment.

Shares of South Korean auto companies rose Tuesday after U.S. Secretary of Commerce Howard Lutnick confirmed that lower U.S. auto tariffs of 15% on South Korea would retrospectively come into effect, starting Nov. 1.

"We are also removing tariffs on airplane parts and will �un-stack� Korea�s reciprocal rate to match Japan and the EU,� Lutnick said, according to an X post by the U.S. Department of Commerce.

South Korea�s headline inflation in November rose 2.4% year on year, according to government data Tuesday. Core inflation, which strips out prices of fresh food and energy, rose 2% from a year earlier.

The latest figure is unchanged from October�s inflation rate, supporting the case for the central bank to keep interest rates on hold. The Bank of Korea had kept rates unchanged at 2.5% for a fourth straight meeting last Thursday.

Overnight, the S&P 500 lost 0.53% to end at 6,812.63, while the Nasdaq Composite shed 0.38% to finish at 23,275.92. The Dow Jones Industrial Average pulled back by 427.09 points, or 0.9%, to settle at 47,289.33.

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