Indian equity benchmarks continued their weak trade in morning deals as higher crude oil prices and selling in Realty and Healthcare stocks hit investors' sentiment. Rising geopolitical concerns also weighed on investor sentiment. Traders overlooked World Trade Organisation (WTO) report stated that India is aiming to increase its share of global merchandise exports from about 1.8 per cent in 2024 to around 10 per cent by 2047. Separately, the Reserve Bank has proposed simplified and future-ready rules related to foreign investments, including those pertaining to overseas listing of Indian companies. On the global front, Asian markets are trading mostly in green following the broadly positive cues from Wall Street overnight, driven by a rebound in semiconductor shares amid sustained AI-driven demand.
The BSE Sensex is currently trading at 76787.80, down by 682.31 points or 0.88% after trading in a range of 76722.21 and 77384.95. There were 4 stocks advancing against 26 stocks declining on the index.
The top losing sectoral indices on the BSE were Realty down by 2.06%, Healthcare down by 1.50%, IT down by 1.14%, Bankex down by 0.99% and TECK down by 0.86%, while there was no gaining sectoral indices on the BSE.
The top gainers on the Sensex were Titan Company up by 0.75%, Eternal up by 0.19%, Maruti Suzuki India up by 0.13% and Asian Paints up by 0.06%. On the flip side, Interglobe Aviation down by 2.97%, State Bank of India down by 1.56%, Axis Bank down by 1.26%, Sun Pharma down by 1.18% and Tata Steel down by 1.17% were the top losers.
Meanwhile, ratings agency Icra said that the tractor industry's volume growth is likely to ease to 1-4 per cent in the current financial year (FY27) from 23.5 per cent in FY26, on account of a high base effect and a forecast of a below-normal monsoon. It stated that the Indian Meteorological Department's (IMD's) first-stage long-range forecast (LRF) for the 2026 Southwest Monsoon projects below-normal rainfall owing to the expected El Nino conditions.
It noted that recent IMD rainfall data (from June 2026) also indicates precipitation deficits across parts of central, southern and coastal India. Moreover, it said that prolonged rainfall shortfalls could adversely affect kharif crop production and farm incomes, thereby posing downside risks to tractor demand and sales.
According to Icra, tractor wholesale volumes grew 11.9 per cent year-on-year in June 2026, while retail sales jumped 25.3 per cent in June 2026, supported by a low base, steady farm cash flows and improved affordability after the GST rate cut (last September). However, it said, volume growth is expected to moderate over the remainder of FY27 owing to the high base of FY26, lower kharif acreage, and weak monsoon outlook, which could adversely affect farm incomes and replacement demand.
The CNX Nifty is currently trading at 23994.10, down by 193.60 points or 0.80% after trading in a range of 23973.70 and 24166.30. There were 5 stocks advancing against 45 stocks declining on the index.
The top gainers on Nifty were Bajaj Auto up by 2.73%, Nestle India up by 1.23%, JSW Steel up by 0.76%, ONGC up by 0.70% and Titan Company up by 0.48%. On the flip side, Interglobe Aviation down by 3.46%, Cipla down by 1.77%, State Bank of India down by 1.72%, Max Healthcare Inst. down by 1.61% and Dr. Reddy's Labs. down by 1.56% were the top losers.
Asian markets are trading mostly in green; Nikkei 225 surged 92.81 points or 0.14% to 66,325.00, Taiwan Weighted added 756.37 points or 1.71% to 44,989.24, Jakarta Composite plunged 24.47 points or 0.39% to 6,315.55, Shanghai Composite strengthened 4.61 points or 0.12% to 3,868.98, KOSPI increased 190.72 points or 2.83% to 6,938.67 and Straits Times rose 16.26 points or 0.29% to 5,542.98.
On the flip side, Hang Seng declined 227.29 points or 0.9% to 24,905.00.
