Domestic indices make slight recovery in late trade

Benchmarks made slight recovery in late afternoon session as fund inflows by foreign institutional investors (FIIs) supported market risk sentiments. FIIs were the net buyer on Tuesday’s session, with buying securities worth Rs 1,143.38 crore. However, markets continued to trade below the neutral lines as Brent crude oil prices surged past the $94 a barrel amid escalating tension in the West Asia after US and Iran exchanged fire. Besides, Federal Reserve Governor Michael Barr’s comments have sparked fears of interest hike among investors. He indicated that he would back a rate hike if inflation doesn't cool quickly. 

On the global front, Asian equity markets were trading mostly in red as escalating U.S.-Iran tensions pushed oil prices and global bond yields higher. European equity markets were trading lower as Eurozone inflation data raised expectations of interest rate hike by the European Central Bank.

The BSE Sensex is currently trading at 76524.23, down by 420.05 points or 0.55% after trading in a range of 76135.72 and 76532.93. There were 8 stocks advancing against 22 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 1.29%, Energy up by 0.70%, Power up by 0.43%, Telecom up by 0.30% and Oil & Gas up by 0.03%, while Auto down by 2.17%, IT down by 1.32%, Capital Goods down by 1.26%, Consumer Discretionary down by 1.16% and Industrials down by 0.90% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 1.63%, Power Grid Corporation up by 1.00%, NTPC up by 0.63%, ITC up by 0.53% and Bajaj Finance up by 0.49%. On the flip side, Mahindra & Mahindra down by 2.24%, Asian Paints down by 1.85%, Infosys down by 1.78%, Interglobe Aviation down by 1.70% and Maruti Suzuki India down by 1.64% were the top losers.

Meanwhile, Union Minister for Heavy Industries and Steel, H D Kumaraswamy has urged India's automobile and auto component industry to focus on design, domestic value addition and technology to help the country take a leading role in the global electric vehicle (EV) transition. He said that India’s progress in electric mobility cannot be measured only by the number of electric vehicles sold. He also urged automakers and component manufacturers to invest more boldly in cleaner, more efficient, and emerging technologies with the objective of not only to make in India, but to make for the world. 

He said the Ministry of Heavy Industries will continue to work closely with ACMA, SIAM, and industry stakeholders to improve scheme implementation, address operational issues, and create an enabling environment for investment and innovation. He said government schemes are supporting investment, domestic value addition, advanced technology, manufacturing, and the transition to cleaner mobility. He observed that India's green mobility transition is gathering momentum. 

Highlighting the vision of Viksit Bharat 2047, the minister said India should not merely participate in the global mobility transition; India should help lead it. He stressed that the next phase must be about leadership, building scale, deepening localisation, accelerating innovation, and establishing India as a globally competitive hub for advanced and green mobility technologies. He said the automotive and auto component industry is central to this journey. It supports millions of livelihoods, anchors a vast MSME ecosystem, and has a powerful multiplier effect across steel, electronics, engineering, chemicals, logistics, and services. 

He noted that the Production-Linked Incentive (PLI) Scheme for the Automobile and Auto Component Industry is showing encouraging results. The Scheme has attracted an investment of Rs 45,477 crore and generated employment of more than 67,000 as of June 30, 2026.

The CNX Nifty is currently trading at 23901.60, down by 154.20 points or 0.64% after trading in a range of 23786.80 and 23909.50. There were 14 stocks advancing against 36 stocks declining on the index.

The top gainers on Nifty were Coal India up by 3.59%, Adani Ports & SEZ up by 1.57%, Power Grid Corporation up by 1.23%, Adani Enterprises up by 0.96% and Tata Motors Passenger Vehicles up by 0.63%. On the flip side, Eicher Motors down by 3.96%, Mahindra & Mahindra down by 2.63%, Bajaj Auto down by 2.51%, Wipro down by 2.29% and Asian Paints down by 2.04% were the top losers.

Asian equity markets were trading mostly in red; Nikkei 225 slipped 1744.34 points or 2.71% to 64,471.00, Taiwan Weighted lost 784 points or 1.7% to 46,164.72, Hang Seng declined 60.73 points or 0.24% to 25,269.00, KOSPI dropped 273.08 points or 4.16% to 6,562.72, Shanghai Composite weakened 38.5 points or 0.98% to 3,941.39 and Jakarta Composite plunged 11.15 points or 0.17% to 6,588.79, while Straits Times rose 21.51 points or 0.38% to 5,731.88.

European equity markets were trading lower; UK’s FTSE 100 decreased 58.22 points or 0.54% to 10,731.06, France’s CAC fell 46.05 points or 0.55% to 8,255.80 and Germany’s DAX lost 154.51 points or 0.59% to 25,815.60.