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Bourses trade flat in early afternoon session
Jan-01-2026

Indian markets trimmed most of their gains and traded flat in early afternoon session. Sensex traded in red, while Nifty traded in green. As for broader indices, the BSE Mid cap index traded in green, while Small cap index traded in red. Investors took note of the data released by the Controller General of Accounts (CGA) showing that India’s fiscal deficit -- the difference between the government’s revenue and expenditure--has reached 62.3% of the budget estimate (BE) as of the April-November period of the fiscal year ending March 31, 2026. Sector wise, sugar sector stocks remained in limelight as National Federation of Cooperative Sugar Factories (NFCSF) in its latest report has said that India's sugar production rose 23.43 per cent to 11.83 million tonnes in the first three months (October-December) of the ongoing 2025-26 sugar season on sharp rise in Maharashtra output. On the global front, Asian markets remained closed on account of New Year's Day holiday.

The BSE Sensex is currently trading at 85207.47, down by 13.13 points or 0.02% after trading in a range of 85118.82 and 85451.70. There were 20 stocks advancing against 10 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index gained 0.04%, while Small cap index was down by 0.17%.

The top gaining sectoral indices on the BSE were Telecom up by 1.55%, Utilities up by 1.16%, TECK up by 0.92%, Power up by 0.73% and  IT was up by 0.68%, while FMCG down by 3.14%, Healthcare down by 0.29%, Consumer Durables down by 0.16%, Capital Goods down by 0.08% and Oil & Gas was down by 0.08% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 2.05%, NTPC up by 1.43%, Mahindra & Mahindra up by 1.28%, Infosys up by 1.15% and HCL Tech up by 1.14%. On the flip side, ITC down by 9.75%, Bharat Electronics down by 1.08%, Bajaj Finance down by 0.73%, Hindustan Unilever down by 0.50% and Titan Company down by 0.31% were the top losers.

Meanwhile, the data released by the Controller General of Accounts (CGA) showed that India’s fiscal deficit -- the difference between the government’s revenue and expenditure--has reached 62.3% of the budget estimate (BE) as of the April-November period of the fiscal year ending March 31, 2026. During the period, the government's fiscal deficit came in at Rs 9.76 lakh crore. The gap between expenditure and revenue stood at Rs 8.46 lakh crore during April-November 2024.  

According to the CGA, the Centre has projected the fiscal deficit for FY26 at 4.4 per cent of GDP, or Rs 15.69 lakh crore. Up to November 2025, the central government received about Rs 19.49 lakh crore, or 55.7 per cent of the corresponding budget estimate for total receipts. This includes Rs 13.93 lakh crore of tax revenue (net to Centre), Rs 5.16 lakh crore of non-tax revenue and Rs 38,927 crore of non-debt capital receipts.

During the first eight months of this fiscal, the total expenditure came in at Rs 29.25 lakh crore, which is 58.7% of the FY26 estimated target, out of which Rs 22.67 lakh crore was on revenue account and Rs 6.58 lakh crore on capital account.   

The CNX Nifty is currently trading at 26141.30, up by 11.70 points or 0.04% after trading in a range of 26113.40 and 26197.55. There were 35 stocks advancing against 14 stocks declining on the index, while 1 stock remained unchanged. 

The top gainers on Nifty were Eternal up by 2.09%, NTPC up by 1.46%, Shriram Finance up by 1.41%, Infosys up by 1.22% and Wipro up by 1.22%. On the flip side, ITC down by 9.54%, Dr. Reddy's Lab down by 1.60%, Bharat Electronics down by 1.03%, Bajaj Finance down by 0.83% and ONGC down by 0.79% were the top losers.
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