Bourses turn green in late afternoon session

In volatile trading session, the Indian benchmarks regained lost ground in late afternoon session led by buying in IT counter. However, the broader indices, the BSE Mid cap index and Small cap index traded deep in red. Investors awaited for India's retail inflation data for August, due later in a day.  Traders took a note of private report that Chinese foreign ministry said that China's economy is resilient and has not collapsed, rejecting claims from the West that its economy is faltering and could cause wider problems. On the global front, Asian markets were trading mostly in red as investors awaited Wednesday's key U.S. inflation data that could influence the Federal Reserve's rate trajectory. European markets were trading mostly in red as losses in technology stocks offset gains by healthcare companies, while Germany's biggest software maker SAP fell after U.S. peer Oracle's disappointing revenue forecast.

The BSE Sensex is currently trading at 67238.48, up by 111.40 points or 0.17% after trading in a range of 66948.18 and 67539.10. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 2.71%, while Small cap index was down by 3.40%.

The only gaining sectoral indices on the BSE were TECK up by 0.69% and IT was up by 0.56%, while Utilities down by 3.31%, Power down by 3.30%, Realty down by 3.23%, PSU down by 3.08% and Telecom was down by 2.87% were the top losing indices on BSE.

The top gainers on the Sensex were TCS up by 2.81%, Larsen & Toubro up by 2.44%, ITC up by 1.29%, Sun Pharma up by 1.27% and Infosys up by 1.23%. On the flip side, Power Grid down by 3.30%, NTPC down by 2.70%, Tata Motors down by 1.96%, Mahindra & Mahindra down by 1.74% and Hindustan Unilever down by 1.60% were the top losers.

Meanwhile, with an aim to promote digital inclusion and socio-economic development in the rural India, Department of Telecommunications (DoT) has launched a scheme to recognize Internet Service Providers (ISPs) for their exceptional efforts in expanding Fiber-to-the-Home (FTTH) broadband connections in rural areas. 

Under this scheme, DoT has decided to recognize nine ISPs, three each of category A, B and C, who have provided maximum number of net additions in rural FTTH Connections in a year. ISPs in category A should achieve a minimum of 50,000 net additions in rural FTTH connections, while ISPs in category B are required to achieve a minimum of 10,000 net additions in rural FTTH connections. 

Further, ISPs in category C must achieve a minimum of 2,000 net additions in rural FTTH connections. This initiative reflects the Government of India’s commitment to enhancing digital access and connectivity in rural areas, ultimately driving socio-economic development and inclusive growth across the nation.

The CNX Nifty is currently trading at 20013.90, up by 17.55 points or 0.09% after trading in a range of 19914.65 and 20110.35. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were TCS up by 3.01%, Larsen & Toubro up by 2.56%, Divi's Lab up by 1.57%, Sun Pharma up by 1.43% and Grasim Industries up by 1.36%. On the flip side, BPCL down by 4.07%, Power Grid down by 3.26%, Adani Enterprises down by 2.72%, NTPC down by 2.53% and Adani Ports down by 2.43% were the top losers.

Asian markets were trading mostly in red; Hang Seng declined 70.56 points or 0.39% to 18,025.89, Jakarta Composite plunged 26.79 points or 0.39% to 6,936.60, KOSPI dropped 20.30 points or 0.8% to 2,536.58, Straits Times fell 6.91 points or 0.22% to 3,211.37 and Shanghai Composite was down by 5.72 points or 0.18% to 3,137.06. On the flip side, Taiwan Weighted added 139.76 points or 0.84% to 16,572.71 and Nikkei 225 was up by 308.61 points or 0.94% to 32,776.37.

European markets were trading mostly in red; France’s CAC fell 13.62 points or 0.19% to 7,264.65 and Germany’s DAX was down by 62.82 points or 0.4% to 15,738.17, while UK’s FTSE 100 increased 35.93 points or 0.48% to 7,532.80.