Domestic equity indices gave up most of their gains and were trading near neutral lines with a positive bias in late morning deals. Buying in Infosys, Adani Ports, Kotak Mahindra Bank, TCS and Tech Mahindra companies’ stocks helped the markets to trade above neutral lines. However, weak signals from other Asian markets and higher crude oil prices put pressure on the domestic markets. Further, sentiments were also weak as the Indian rupee dropped 30 paise to a record low of 95.94 against the US dollar. The pressure on the rupee came amid heightened Middle East tensions, rising crude oil prices, and strong dollar yields. On the BSE sectoral front, traders were seen piling up positions in TECK, IT, Telecom, FMCG and Healthcare, while selling was witnessed in Oil & Gas, Realty, Capital Goods, Metal and PSU.
On the global front, Asian markets were trading in red as investors were tracking the second day of high-stakes talks between U.S. President Donald Trump and Chinese President Xi Jinping. Meanwhile, Xi warned Trump that Washington and Beijing could face clashes and even conflicts if the sensitive issue of Taiwan independence is mishandled. Back home, in the stock specific development, HCL Technologies surged as the company entered into strategic collaboration with Red Hat to deliver enterprise-grade AI infrastructure for organizations accelerating their AI adoption journeys.
The BSE Sensex is currently trading at 75455.07, up by 56.35 points or 0.07% after trading in a range of 75251.15 and 75870.36. There were 15 stocks advancing against 15 stocks declining on the index.
The top gaining sectoral indices on the BSE were TECK up by 1.45%, IT up by 1.38%, Telecom up by 0.79%, FMCG up by 0.53% and Healthcare up by 0.37%, while Oil & Gas down by 1.41%, Realty down by 1.29%, Capital Goods down by 1.06%, Metal down by 0.98% and PSU down by 0.95% were the top losing indices on BSE.
The top gainers on the Sensex were Infosys up by 2.25%, Adani Ports up by 2.17%, Kotak Mahindra Bank up by 1.75%, TCS up by 1.65% and Tech Mahindra up by 1.52%. On the flip side, Trent down by 2.18%, Reliance Industries down by 1.69%, Mahindra & Mahindra down by 1.42%, SBI down by 1.24% and Ultratech Cement down by 1.06% were the top losers.
Meanwhile, the Reserve Bank of India (RBI) in its latest data has showed that External Commercial Borrowing (ECB) filings by Indian companies, including non-banking financial companies (NBFCs), dropped 51% to $5.43 billion in March 2026 as compared to $11.04 billion in the same month of the previous year, owing to financial market volatility triggered by geopolitical tension in West Asia. However, the March 2026 fillings were higher than $4.59 billion recorded in February 2026.
According to data, out of the total, general permission accounted for $5.22 billion, while special permission filings stood at $212 million. It suggested that despite sluggish capital expenditure growth, there were 19 filings for new projects totalling a borrowing of $1.14 billion and $1.22 billion were intended to refinance either existing ECB or rupee loans. Among the prominent firms filling an intent in March 2026 with the RBI was Rajasthan Part I Transmission, which plans to raise for $750 million for a new project.
Earlier this year, the RBI issued liberalised ECB guidelines, whereby Indian companies can benefit from a higher borrowing limit at prevailing market-related conditions, change the currency of an ECB and convert the ECB into a non-debt instrument, among others. Further, a borrower under a restructuring scheme or corporate insolvency resolution process can tap this route to raise funds.
The CNX Nifty is currently trading at 23712.70, up by 23.10 points or 0.10% after trading in a range of 23663.35 and 23839.30. There were 27 stocks advancing against 23 stocks declining on the index.
The top gainers on Nifty were Tata MotorsPassenger up by 4.55%, Coal India up by 2.46%, Infosys up by 2.30%, Adani Ports up by 2.12% and Kotak Mahindra Bank up by 1.71%. On the flip side, Hindalco down by 2.88%, Trent down by 2.24%, Reliance Industries down by 1.70%, Mahindra & Mahindra down by 1.47% and SBI down by 1.31% were the top losers.
All Asian markets were trading lower; Nikkei 225 slipped 1649.05 points or 2.7% to 61,005.00, Taiwan Weighted lost 579.39 points or 1.41% to 41,172.36, Shanghai Composite weakened 55.82 points or 1.35% to 4,122.10, KOSPI dropped 600.27 points or 8.13% to 7,381.14, Hang Seng declined 534.04 points or 2.07% to 25,855.00 and Straits Times fell 12.29 points or 0.25% to 4,983.65.
