Benchmarks were hovering near the neutral lines with negative bias in late afternoon session as investors awaited US Federal Reserve’s comments on future interest rate and inflation outlook. Further, traders opted a risk averse approach ahead of monthly and weekly expiry of Nifty F&O contracts. Besides, persistent selling by foreign institutional investors (FIIs) weighed on market risk sentiment. The FIIs were the net sellers on yesterday’s session, offloading securities worth Rs 1,688.23 crore. However, losses remained capped supported by solid buying among IT sectors stock with BSE IT index surging 3.14% after market participants favoured IT sector stock amid sharp sell-off among semiconductor and AI-related stocks.
On the global front, Asian equity markets were trading mostly in red amid rising worries of AI related spending. European equity markets were trading higher as easing tensions in Middle East weighed on crude oil prices with Brent crude oil prices declining more than 2% to trade near $85.89 a barrel.
The BSE Sensex is currently trading at 76744.18, down by 91.60 points or 0.12% after trading in a range of 76705.22 and 76988.48. There were 16 stocks advancing against 14 stocks declining on the index.
The top gaining sectoral indices on the BSE were IT up by 3.14%, TECK up by 1.77%, Realty up by 1.59%, Consumer Durables up by 1.01% and Auto up by 0.77%, while Power down by 2.48%, Capital Goods down by 2.42%, Utilities down by 1.89%, FMCG down by 1.31% and Industrials down by 1.28% were the losing indices on BSE.
The top gainers on the Sensex were TCS up by 4.67%, Tech Mahindra up by 3.90%, Eternal up by 3.57%, Infosys up by 2.63% and Titan Company up by 2.29%. On the flip side, Hindustan Unilever down by 6.54%, Bharat Electronics down by 4.54%, NTPC down by 2.32%, ICICI Bank down by 1.56% and Tata Steel down by 1.00% were the top losers.
Meanwhile, the Minister of State for Power Shripad Naik has said that India needs to add 86,440 megawatt (MW) of thermal power generation capacity by FY36, of which 63,545 MW is already at various stages of implementation.
Citing the National Generation Adequacy Plan (2026-27 to 2035-36) prepared by the Central Electricity Authority (CEA) in March 2026, the minister said the country will require around 3,15,000 MW of coal- and lignite-based thermal capacity by 2035-36 to meet the projected electricity demand. Against this requirement, the installed coal and lignite-based capacity stood at 2,28,560 MW as of March 31, 2026. To bridge the gap, he said the minimum additional thermal capacity required is estimated at around 86,440 MW. During FY27 (up to June 2026), 2,260 MW of thermal capacity has already been commissioned. Besides this, 47,545 MW is under construction, while another 16,000 MW has been awarded and is due for construction.
The minister further said the country has been able to meet electricity demand with adequate power availability, with only a marginal gap in both energy supply and peak demand. During FY27 (up to June 2026), India recorded a highest peak demand of 2,70,832 MW, against which 2,70,820 MW of power was supplied.
The CNX Nifty is currently trading at 23973.40, down by 22.55 points or 0.09% after trading in a range of 23961.95 and 24041.15. There were 28 stocks advancing against 22 stocks declining on the index.
The top gainers on Nifty were TCS up by 4.64%, Tech Mahindra up by 3.87%, Nestle India up by 3.82%, Eternal up by 3.52% and Infosys up by 2.62%. On the flip side, Hindustan Unilever down by 6.51%, Bharat Electronics down by 4.58%, Coal India down by 3.84%, NTPC down by 2.47% and Tata Consumer Products down by 2.33% were the top losers.
Asian equity markets were trading mostly in red; Nikkei 225 slipped 2725.19 points or 4.38% to 62,206.00, Taiwan Weighted lost 2030.83 points or 4.88% to 41,603.36, KOSPI dropped 732.09 points or 12.15% to 6,023.66, Shanghai Composite weakened 44.94 points or 1.18% to 3,813.31 and Jakarta Composite plunged 42.13 points or 0.69% to 6,143.65, while Hang Seng advanced 97.82 points or 0.39% to 25,305.00 and Straits Times rose 4.47 points or 0.08% to 5,624.71.
European equity markets were trading higher; UK’s FTSE 100 increased 51.87 points or 0.48% to 10,833.62, France’s CAC rose 35.54 points or 0.42% to 8,441.60 and Germany’s DAX gained 150.87 points or 0.59% to 25,511.90.
