Indian equity benchmarks were trading marginally lower in morning deals, as investors remained concerned over the US-Iran situation, with diplomatic efforts to resolve the crisis encountering repeated setbacks. Persistent foreign fund outflows also hit markets' sentiment. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,911.68 crore on Monday, according to exchange data. However, losses remain capped as some support came with department of Financial Services Joint Secretary Manoj Muttathil Ayyappan’s statement that banks have sanctioned loans worth more than Rs 35,000 crore under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 for micro, small and medium enterprises (MSMEs), airlines and other businesses impacted by the ongoing crisis in West Asia. On the global front, Asian markets are trading mostly in green following the positive cues from Wall Street overnight, despite renewed tensions in the Middle East after reports said Tehran had suspended talks with Washington in response to Israeli strikes in Lebanon, although US President Donald Trump stated negotiations remain underway.
The BSE Sensex is currently trading at 74174.78, down by 92.56 points or 0.12% after trading in a range of 73815.12 and 74290.48. There were 11 stocks advancing against 19 stocks declining on the index.
The top gaining sectoral indices on the BSE were IT up by 4.17%, TECK up by 2.32%, Metal up by 0.35%, Consumer Durables up by 0.15% and Realty up by 0.04%, while Power down by 1.28%, Utilities down by 1.14%, Healthcare down by 0.83%, Bankex down by 0.65% and PSU down by 0.62% were the top losing indices on BSE.
The top gainers on the Sensex were Infosys up by 5.41%, TCS up by 5.19%, HCL Technologies up by 4.24%, Tech Mahindra up by 2.17% and Eternal up by 0.62%. On the flip side, Bajaj Finance down by 2.56%, NTPC down by 2.51%, Power Grid Corporation down by 1.73%, Bajaj Finserv down by 1.64% and Bharti Airtel down by 1.40% were the top losers.
Meanwhile, easing immediate concerns over government finances, the data released by the Controller General of Accounts (CGA) has showed that the government met its fiscal deficit target of 4.4 per cent of gross domestic product (GDP) for FY 2025-26 (FY26). The government’s fiscal deficit for 2024-25 was 4.8 per cent of the GDP.
The fiscal deficit for the previous financial year was estimated to be at Rs 15,68,936 crore, which was revised down to Rs 15,58,492 crore, as presented to Parliament in February by the government.
According to CGA data, the government collected revenue of Rs 33.85 lakh crore, or 99.4 per cent of the revised Budget Estimates (RE) during 2025-26. During 2025-26, the central government’s expenditure was Rs 49.05 lakh crore, or 98.8 per cent of the RE.
The CNX Nifty is currently trading at 23371.00, down by 11.60 points or 0.05% after trading in a range of 23229.15 and 23375.95. There were 17 stocks advancing against 33 stocks declining on the index.
The top gainers on Nifty were Infosys up by 5.40%, TCS up by 5.20%, HCL Technologies up by 4.40%, Tech Mahindra up by 1.98% and Hindalco up by 1.22%. On the flip side, NTPC down by 2.81%, Bajaj Finance down by 2.15%, Power Grid Corporation down by 1.83%, Bajaj Finserv down by 1.65% and Dr. Reddy's Lab down by 1.58% were the top losers.
Asian markets are trading mostly in green; Taiwan Weighted added 130.77 points or 0.29% to 45,468.68, Jakarta Composite gained 91.48 points or 1.49% to 6,218.86, Shanghai Composite strengthened 11.85 points or 0.29% to 4,069.59, Hang Seng advanced 427.82 points or 1.68% to 25,826.00 and Straits Times rose 22.93 points or 0.46% to 5,060.79.
On the flip side, Nikkei 225 slipped 526.33 points or 0.79% to 66,408.00 and KOSPI dropped 99.03 points or 1.13% to 8,689.35.
