Indian Indices edge up in early trade; Nifty holds above the 25,850 level.

Domestic equity indices traded with modest gains in early deals, with the Nifty holding above the 25,850 level. Sector-wise, metal, realty, and pharma stocks advanced, while IT, FMCG, and private banking counters saw some profit booking.

In the broader market, the S&P BSE Mid-Cap index rose 0.13%, and the S&P BSE Small-Cap index gained 0.35%. Market breadth remained positive, with 1,907 stocks advancing and 1,173 declining on the BSE, while 172 remained unchanged.

Provisional data showed that foreign portfolio investors (FPIs) offloaded shares worth ₹1,750.03 crore on 12 November 2025, whereas domestic institutional investors (DIIs) were net buyers, investing ₹5,127.12 crore in equities.

Meanwhile, India’s cabinet has approved ₹450.6 billion ($5.1 billion) in support for exporters, including ₹200 billion in credit guarantees on bank loans, Information Minister Ashwini Vaishnaw announced on Wednesday. The package also allocates ₹250.6 billion over six years to provide affordable trade finance for small exporters, along with logistics and market assistance, aimed at mitigating the impact of recent U.S. tariff hikes.

On the macroeconomic front, India’s retail inflation eased sharply to a record low of 0.25% in October, down from 1.54% in September, driven by a steep fall in food prices and tax reductions on various goods. This marks the fourth straight month of inflation staying below the RBI’s 4% medium-term target and the seventh consecutive month under the central bank’s 6% tolerance limit.

Food inflation, which makes up nearly half of the Consumer Price Index (CPI) basket, declined 5.02% year-on-year in October, compared with a revised 2.33% fall in September, marking the lowest level since the inception of the current CPI series.