Domestic equity indices were under pressure in late morning deals on account of selling by funds and retail investors. Subdued cues from global markets weighed on domestic sentiments. Traders were cautious as U.S. consumer prices rose 0.2% in July, slightly more than expected. The Street had expected prices to inch up by 0.1%. Further, cautiousness also prevailed in the markets as Reserve Bank of India (RBI) data showed that deposits by non-resident Indians (NRIs) declined by over 23% year-on-year to $2.775 billion during April–June 2026-27.
Sensex was trading lower by over 0.35% ahead of its monthly expiry today, while Nifty was trading lower by 0.25%, led by selling in HDFC Bank, Reliance Industries, State Bank of India, Tata Consultancy Services, and Infosys. On the BSE sectoral front, traders were seen piling up positions in Telecom, Capital Goods, Consumer Durables, Industrials, and Healthcare, while selling was witnessed in FMCG, Auto, Utilities, Energy, and Oil & Gas. On the global front, Asian markets were trading mixed, following weak cues from US markets overnight.
The BSE Sensex is currently trading at 77194.11, down by 278.83 points or 0.36% after trading in a range of 77178.69 and 77694.97. There were 9 stocks advancing against 21 stocks declining on the index.
The top gaining sectoral indices on the BSE were Telecom up by 0.74%, Capital Goods up by 0.47%, Consumer Durables up by 0.22%, Industrials up by 0.14% and Healthcare up by 0.11%, while FMCG down by 0.64%, Auto down by 0.62%, Utilities down by 0.60%, Energy down by 0.59% and Oil & Gas down by 0.50% were the top losing indices on BSE.
The top gainers on the Sensex were Kotak Mahindra Bank up by 1.79%, Tech Mahindra up by 1.33%, Bharat Electronics up by 0.70%, ICICI Bank up by 0.66% and Sun Pharma up by 0.58%. On the flip side, NTPC down by 1.62%, Power Grid down by 1.22%, HCL Technologies down by 1.18%, HDFC Bank down by 1.17% and Hindustan Unilever down by 0.99% were the top losers.
Meanwhile, Defence Minister Rajnath Singh has said that India is one of the top five economies of the world and would have become world’s third largest economy within six months or a year if the recent west Asia Crisis had not disrupted its progress. However, he expressed hopes that India would certainly reach that milestone too.
Highlighting India’s growing self-reliance in defence manufacturing, the minister said the country is strengthening its indigenous capabilities in defence production ranging from fighter aircraft, warships, missiles, radars and drones to advanced defence systems. He said ‘things which we used to buy from other countries are now being made on Indian soil by Indians.’
He further noted that India's defence exports, which were at around Rs 600 crore earlier, increased to approximately Rs 50,000 crore after the BJP-led government came to power in 2014. The defence production rose to Rs 1.80 lakh crore from a few thousand crore rupees earlier. He added that India is no longer only an importer of weapons but is emerging as an important exporter in the global defence manufacturing industry.
The CNX Nifty is currently trading at 24140.20, down by 67.55 points or 0.28% after trading in a range of 24137.90 and 24297.45. There were 19 stocks advancing against 31 stocks declining on the index.
The top gainers on Nifty were Kotak Mahindra Bank up by 1.99%, Tech Mahindra up by 1.62%, Adani Enterprises up by 0.94%, SBI Life Insurance up by 0.92% and Bharat Electronics up by 0.77%. On the flip side, Shriram Finance down by 1.86%, NTPC down by 1.49%, HDFC Bank down by 1.47%, Hindalco Industries down by 1.15% and HCL Technologies down by 1.03% were the top losers.
Asian markets were trading mixed; Taiwan Weighted added 136.91 points or 0.3% to 45,969.53, Jakarta Composite gained 44.59 points or 0.69% to 6,450.28, Shanghai Composite strengthened 32.92 points or 0.83% to 3,945.44 and KOSPI increased 74.24 points or 1.08% to 6,882.45. However, Nikkei 225 slipped 209.16 points or 0.32% to 66,053.00, Hang Seng declined 68.97 points or 0.27% to 25,584.00 and Straits Times fell 34.24 points or 0.6% to 5,687.35.
