Indices trade higher in late morning deals

Domestic equity indices recovered from their losses and were trading higher in late morning deals, supported by buying from funds and retail investors. Positive cues from other Asian markets supported domestic sentiment. Sentiments got boost as India's economy grew 7.8% in the April-June quarter of 2026-27, beating the RBI's 7% projection. However, gains remained capped as crude oil prices gained after the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of ‌supply disruptions from the world’s key crude-producing region.

The Sensex was trading higher by over a quarter of a percent, while the Nifty was trading marginally higher amid buying in Reliance Industries, HDFC Bank, Infosys, Bharti Airtel and ITC. On the global front, Asian markets were trading mostly in green despite negative cues from the US markets overnight.

The BSE Sensex is currently trading at 77179.23, up by 221.96 points or 0.29% after trading in a range of 76764.26 and 77194.07. There were 12 stocks advancing against 18 stocks declining on the index.

The top gaining sectoral indices on the BSE were TECK up by 1.03%, Energy up by 0.96%, Oil & Gas up by 0.94%, IT up by 0.79% and Metal up by 0.73%, while Realty down by 0.99%, Consumer Durables down by 0.78%, Capital Goods down by 0.50%, Healthcare down by 0.39% and PSU down by 0.17% were the top losing indices on BSE.

The top gainers on the Sensex were ITC up by 3.20%, HCL Technologies up by 2.68%, Bharti Airtel up by 1.81%, Reliance Industries up by 1.52% and Infosys up by 1.49%. On the flip side, Bajaj Finserv down by 2.25%, Interglobe Aviation down by 1.89%, State Bank of India down by 1.71%, Sun Pharma down by 1.04% and Titan Company down by 0.99% were the top losers.

Meanwhile, the Controller General of Accounts (CGA) in its latest data has showed that India's fiscal deficit touched 26.8 per cent of the current financial year (FY27) budget target at the end of July 2026. The deficit was at 29.9 per cent of Budget Estimates (BE) of 2025-26 in April-July of FY26. In value terms, the fiscal deficit, or gap between the government’s expenditure and revenue, was Rs 4.55 lakh crore in the April-July period of FY27. The government has pegged its fiscal deficit target for FY27 at 4.3% of Gross Domestic Product (GDP), or Rs 16.96 lakh crore.  

According to the CGA, the Centre's net tax revenue was about Rs 8.45 lakh crore, or 29.5 per cent of the corresponding BE of 2026-27 of total receipts, up to July 2026. In the corresponding period of the previous fiscal year, the net tax revenue was at 23.3 per cent of that year's BE.

The data on monthly accounts showed that the government’s total expenditure during the first four months of FY27 stood at about Rs 17.62 lakh crore, or 32.9 per cent of BE. In the year-ago period, it was at 30.9 per cent of BE. The Centre transferred Rs 3,72,354 crore to state governments as devolution of share of taxes during the period, which is Rs 56,190 crore lower than the previous year.  

The CNX Nifty is currently trading at 24120.35, up by 39.95 points or 0.17% after trading in a range of 24009.50 and 24127.45. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were ITC up by 3.52%, Adani Ports up by 3.28%, Bharti Airtel up by 2.79%, HCL Technologies up by 2.54% and Reliance Industries up by 2.11%. On the flip side, Shriram Finance down by 3.48%, Nestle India down by 3.23%, Max Healthcare down by 2.82%, Asian Paints down by 2.67% and Interglobe Aviation down by 2.56% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 180.07 points or 0.27% to 66,492.00, Taiwan Weighted added 689.76 points or 1.5% to 46,818.23, Jakarta Composite gained 39.03 points or 0.59% to 6,564.51, Shanghai Composite strengthened 1.82 points or 0.05% to 3,988.12 and KOSPI increased 18.98 points or 0.28% to 6,839.00. However, Hang Seng declined 267.99 points or 1.05% to 25,299.00 and Straits Times fell 42.46 points or 0.74% to 5,712.90.