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Bourses continue to trade under selling pressure in early afternoon session
Sep-19-2025

Indian markets continued to trade under selling pressure in early afternoon session amid profit booking by investors. Traders preferred to sell their riskier stocks. Markets participants overlooked the Central Board of Direct Taxes’ (CBDT) latest data showing that net direct tax collection grew 9.18 per cent to over Rs 10.82 lakh crore till September 17 in this fiscal (FY26), due to higher advance tax mop-up from corporates and slower refunds. Sector wise, pharma sector remained in limelight as rating firm Icra has said that revenue of leading domestic pharmaceutical companies is set to expand by 7-9 per cent in the current fiscal (FY26) even as global headwinds and regulatory uncertainties cast a shadow over its largest export market, the US. On the global front, all Asian markets were trading lower despite Bank of Japan retained its key interest rate, as widely expected, amid heightened political uncertainty. The policy board voted 7-2 to hold the uncollateralized overnight call rate to remain at around 0.5 percent. 

The BSE Sensex is currently trading at 82544.30, down by 469.66 points or 0.57% after trading in a range of 82485.92 and 82978.63. There were 7 stocks advancing against 22 stocks declining on the index, while 1 stock remained unchanged. 

The broader indices were trading mixed; the BSE Mid cap index declined 0.16%, while Small cap index was up by 0.05%.

The top gaining sectoral indices on the BSE were Utilities up by 1.07%, Power up by 0.89%, Oil & Gas up by 0.67%, PSU up by 0.64% and Energy was up by 0.34%, while IT down by 0.81%, TECK down by 0.60%, Bankex down by 0.56%, Realty down by 0.46% and FMCG was down by 0.44% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports up by 1.22%, Asian Paints up by 1.13%, SBI up by 0.75%, NTPC up by 0.64% and Sun Pharma up by 0.54%. On the flip side, HCL Tech down by 1.42%, Titan Company down by 1.38%, HDFC Bank down by 1.34%, ICICI Bank down by 1.28% and Infosys down by 1.22% were the top losers.

Meanwhile, Central Board of Direct Taxes (CBDT) in its latest data has showed that net direct tax collection grew 9.18 per cent to over Rs 10.82 lakh crore till September 17 in this fiscal (FY26), due to higher advance tax mop-up from corporates and slower refunds. It was over Rs 9.91 lakh crore a year ago. During the period, refund issuances dropped 24 per cent to Rs 1.61 lakh crore. Corporate advance tax collection increased 6.11 per cent to over Rs 3.52 lakh crore. However, non-corporate advance tax mop-up declined 7.30 per cent to Rs 96,784 crore. 

Data showed between April 1, 2025 and September 17 2025, net corporate tax collection stood at over Rs 4.72 lakh crore, up from Rs 4.50 lakh crore in the same period in 2024.  Non-corporate tax, which includes individuals and HUFs, mop-up so far this fiscal stood at about Rs 5.84 lakh crore, up from over Rs 5.13 lakh crore in the same period of the last year. Securities Transaction Tax (STT) collection stood at Rs 26,306 crore so far this fiscal, up from Rs 26,154 crore in the year-ago period. 

It further stated that gross direct tax collection, before adjusting refunds, stood at over Rs 12.43 lakh crore till September 17 this fiscal, a 3.39 per cent growth over the year-ago period. The government projects its direct tax collection to be Rs 25.20 lakh crore for the 2025-26 fiscal year, which is a 12.7% increase compared to the previous year. The government aims to collect Rs 78,000 crore from STT in FY26.

The CNX Nifty is currently trading at 25300.30, down by 123.30 points or 0.48% after trading in a range of 25286.30 and 25428.75. There were 16 stocks advancing against 33 stocks declining on the index, while 1 stock remained unchanged. 

The top gainers on Nifty were Adani Enterprises up by 3.87%, Adani Ports up by 1.17%, Asian Paints up by 1.10%, Shriram Finance up by 0.89% and SBI up by 0.79%. On the flip side, HCL Tech down by 1.45%, HDFC Bank down by 1.42%, Titan Company down by 1.35%, ICICI Bank down by 1.32% and Infosys down by 1.25% were the top losers.

All Asian markets were trading lower; Nikkei 225 slipped 279.43 points or 0.62% to 45,024.00, Taiwan Weighted lost 190.99 points or 0.75% to 25,578.37, Hang Seng declined 71.85 points or 0.27% to 26,473.00, KOSPI dropped 16.06 points or 0.47% to 3,445.24, Straits Times fell 9.54 points or 0.22% to 4,303.08, Shanghai Composite weakened 7.12 points or 0.19% to 3,824.54 and Jakarta Composite was down by 5.04 points or 0.06% to 8,003.39.
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