Bourses remain in red in early afternoon session

05 May 2026 Evaluate

Indian markets trimmed some of their losses in early afternoon session but continued to trade lower following mixed cues from other Asian markets. Investors sentiment was also weighed down by rising crude oil prices. Traders were closely tracking developments in the Middle East crisis. Markets participants overlooked Central Board of Direct Taxes’ (CBDT) data showing that government's net direct tax collections (including corporate and non-corporate tax) for the fiscal year 2025-26 (FY26) increased by 5.12% to over Rs 23.40 lakh crore as compared to Rs 22.26 lakh crore collected in FY25. However, this figure fell short of the revised budget target set for the fiscal year that ended March 2026. On the global front, Asian markets were trading mixed as the inflation fears spooked with the fresh escalation of the Middle East tensions and on soaring the crude oil rates.

The BSE Sensex is currently trading at 76765.06, down by 504.34 points or 0.65% after trading in a range of 76515.03 and 77140.97. There were 7 stocks advancing against 23 stocks declining on the index.

The top gaining sectoral indices on the BSE were Telecom up by 0.75%, Capital Goods up by 0.38%, Power up by 0.20%, IT up by 0.11% and Auto was up by 0.05%, while Bankex down by 0.86%, Oil & Gas down by 0.78%, Realty down by 0.78%, Energy down by 0.68% and Consumer Durables was down by 0.43% were the top losing indices on BSE.

The top gainers on the Sensex were Kotak Mahindra Bank up by 0.54%, Titan Company up by 0.50%, Mahindra & Mahindra up by 0.50%, TCS up by 0.38% and Ultratech Cement up by 0.28%. On the flip side, Eternal down by 1.85%, ICICI Bank down by 1.57%, Tech Mahindra down by 1.48%, HDFC Bank down by 1.45% and Trent down by 1.15% were the top losers.

Meanwhile, Federation of Automobile Dealers Associations (FADA) has said that India’s total automobile retail sales stood at 26,11,317 units in April 2026 as compared with 23,12,221 units in April 2025, a rise of 12.94 per cent. It noted that this robust performance is driven by sustained tailwinds from GST 2.0 affordability gains, RBI's supportive rate stance, healthy rural cash flows post a strong rabi cycle and an extended marriage season.

Among segments, two-wheelers clocked best-ever monthly numbers at 19,16,258 units in April this year as compared to 16,95,638 units in the same month a year ago, at a growth of 13.01 per cent. Passenger vehicle (PV) retail sales rose 12.21 per cent to 4,07,355 units in April 2026 from 3,63,028 units a year earlier.

Three-wheeler sales grew 7.19 per cent to 1,06,908 units in April 2026 from 99,741 units a year earlier. Commercial vehicle (CV) also witnessed a growth of 15.02 per cent at a record 99,339 units in April 2026 as compared to 86,364 units in April 2025.

The CNX Nifty is currently trading at 23967.25, down by 152.05 points or 0.63% after trading in a range of 23882.05 and 24072.10. There were 11 stocks advancing against 39 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 0.85%, SBI Life up by 0.69%, Nestle up by 0.66%, Kotak Mahindra Bank up by 0.58% and Hindalco up by 0.52%. On the flip side, Eternal down by 1.81%, HDFC Bank down by 1.61%, ICICI Bank down by 1.57%, Tech Mahindra down by 1.47% and JIO Financial down by 1.37% were the top losers.

Asian markets were trading mixed; Jakarta Composite gained 73.64 points or 1.06% to 7,045.59 and Taiwan Weighted was up by 64.15 points or 0.16% to 40,769.29. On the flip side, Straits Times fell 29.04 points or 0.59% to 4,895.27 and Hang Seng was down by 261.88 points or 1% to 25,834.00.

Bourses remain in red in early afternoon session

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