Markets flip-flop between red-green in late trade

Indian equity markets flip-flopped between red and green in late afternoon session amid selling among IT stocks with Infosys, HCL Technologies, Tech-Mahindra and TCS leading the laggards. Besides, high global crude oil prices continued to weigh on market risk sentiments. The Brent crude oil prices continued to trade above the $95 a barrel mark despite US President Donald Trump’s comments indicating the renewed fighting will not last too long. However, losses remained capped as investors were optimistic about the country’s economic resilience after Finance Minister Nirmala Sitharaman said that India recorded a 'remarkable growth' of 7.8 per cent in the first quarter (Q1) of fiscal year 2026-27 (FY27) despite global disruptions, and against all odds, remains the fastest-growing major economy in the world.

On the global front, Asian equity markets were trading mixed as lower oil prices and bond yields offset a mixed set of earnings results from Broadcom. European equity markets were trading mostly in green as U.S. Treasury yields cooled off, easing concerns of interest rate hike.

The BSE Sensex is currently trading at 76566.20, down by 4.15 points or 0.01% after trading in a range of 76551.84 and 76924.48. There were 11 stocks advancing against 19 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 1.90%, Capital Goods up by 0.97%, Industrials up by 0.84%, Bankex up by 0.59% and Power up by 0.47%, while IT down by 0.68%, Telecom down by 0.61%, TECK down by 0.49%, FMCG down by 0.45% and Auto down by 0.39% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 2.09%, Axis Bank up by 1.45%, HDFC Bank up by 0.96%, Bharat Electronics up by 0.80% and ICICI Bank up by 0.75%. On the flip side, Titan Company down by 1.48%, HCL Technologies down by 1.27%, Tech Mahindra down by 1.18%, Mahindra & Mahindra down by 1.12% and Trent down by 1.07% were the top losers.

Meanwhile, with an aim to strengthen bilateral trade and economic cooperation, the commerce ministry has said that the India-Afghanistan Joint Working Group (JWG) on Trade, Commerce and Investment held its meeting virtually on September 1, 2026. At the meeting, both sides reaffirmed their commitment to further strengthening India-Afghanistan trade, commerce and investment ties and agreed to maintain continued engagement on the issues discussed. 

During the meeting, the two sides reviewed various issues relating to bilateral trade and economic cooperation and discussed measures to further facilitate trade and strengthen commercial engagement between the two countries. Key areas of discussion included trade facilitation and customs cooperation, visa facilitation for Afghan traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, investment and trade promotion, tariff concessions, cargo connectivity and port-related issues.

Both sides agreed to strengthen institutional cooperation and pursue follow-up actions in the identified areas, including enhanced customs and data-sharing cooperation, regulatory cooperation in pharmaceuticals and agriculture, improved trade connectivity, and promotion of investment and business-to-business engagement. The meeting was attended by officials from India and Afghanistan, including representatives from commerce, industry, customs, regulatory authorities and diplomatic missions. 

The CNX Nifty is currently trading at 23908.20, down by 6.25 points or 0.03% after trading in a range of 23893.00 and 24025.40. There were 15 stocks advancing against 34 stocks declining, while 1 stock remain unchanged on the index.

The top gainers on Nifty were Adani Ports & SEZ up by 1.87%, Axis Bank up by 1.46%, HDFC Bank up by 1.24%, ICICI Bank up by 0.64% and Bharat Electronics up by 0.63%. On the flip side, Titan Company down by 1.35%, Tech Mahindra down by 1.35%, HCL Technologies down by 1.28%, Cipla down by 1.26% and Bajaj Auto down by 1.15% were the top losers.

Asian equity markets were trading mixed; KOSPI increased 16.76 points or 0.25% to 6,579.48, Straits Times rose 3.47 points or 0.06% to 5,747.58, Shanghai Composite strengthened 0.7 points or 0.02% to 3,942.09 and Jakarta Composite gained 80.44 points or 1.22% to 6,676.22, while Nikkei 225 slipped 55.64 points or 0.09% to 64,270.00, Taiwan Weighted lost 307.06 points or 0.67% to 45,857.66 and Hang Seng declined 166.21 points or 0.66% to 25,145.00.

European equity markets were trading mostly in green; UK’s FTSE 100 increased 12.45 points or 0.12% to 10,768.90 and Germany’s DAX gained 63.67 points or 0.25% to 25,903.00, while France’s CAC fell 7.63 points or 0.09% to 8,273.00.