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Key gauges trade marginally lower in morning deals
Jan-23-2026

Indian equity benchmarks were trading marginally lower in morning deals, amid sustained selling by foreign institutional investors. Foreign institutional investors offloaded equities worth Rs 2,549.80 crore on Thursday, according to exchange data. Traders remained cautious as think tank GTRI stated that the European Union has suspended export benefits to sectors such as textiles under a preferential scheme for some countries, including India, from January 1, a move that is expected to impact the country's shipment to the 27-nation bloc, even as the two sides are finalising a trade agreement. However, losses remain capped as some support came with External Affairs Minister S Jaishankar’s statement that a stronger relationship between India and the European Union can de-risk the world economy. He said a stronger India-EU relationship can stabilise the global order through stronger trade, mobility and security partnership. On the global front, Asian markets are trading mostly in green after solid U.S. data underscored the resilience of the world's largest economy.

The BSE Sensex is currently trading at 82154.33, down by 153.04 points or 0.19% after trading in a range of 82131.49 and 82516.27. There were 14 stocks advancing against 16 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index rose 0.15%, while Small cap index was down by 0.35%.

The top gaining sectoral indices on the BSE were Metal up by 1.46%, Consumer Durables up by 0.77%, Basic Materials up by 0.61%, Oil & Gas up by 0.36% and Energy up by 0.19%, while Realty down by 1.12%, Utilities down by 0.60%, Consumer Discretionary down by 0.42%, Power down by 0.38% and Capital Goods down by 0.35% were the losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 1.38%, Tata Steel up by 1.16%, TCS up by 0.85%, Ultratech Cement up by 0.77% and Hindustan Unilever up by 0.76%. On the flip side, Eternal down by 2.59%, Interglobe Aviation down by 1.84%, Power Grid Corp down by 1.25%, Adani Ports &SEZ down by 1.15% and Axis Bank down by 0.57% were the top losers.

Meanwhile, Crisil Ratings in its latest report has said that Assets under management (AUM) of non-banking financial companies (NBFCs) specialising in gold loans are expected to grow at a compound annual growth rate (CAGR) of around 40 per cent between the current and next fiscal year, surpassing Rs 4 lakh crore by March 2027.  The surge is expected to be driven by high gold prices, a shift towards secured credit and an evolved regulatory environment, outpacing the CAGR of 27 per cent clocked between fiscals 2023 and 2025. 

Gold prices soared about 68 per cent in the first nine months of this fiscal year to an all-time high. This enhances collateral values, enabling lenders to scale up disbursements. Moreover, it stated that amid the limited availability of credit from segments such as unsecured lending, borrowers are looking for other sources of funding. To capitalise on these lending opportunities, gold-loan NBFCs (both large and mid-size ones) have been expanding their market presence, despite stiff competition from banks.

Aparna Kirubakaran, Director, Crisil Ratings, said that large gold-loan NBFCs, having an established brand image, are expanding their portfolios across existing branches. Kirubakaran said ‘mid-sized counterparts are adopting a dual strategy of expanding their branch network as well as operating as originating partners for large NBFCs and banks.’

The CNX Nifty is currently trading at 25261.35, down by 28.55 points or 0.11% after trading in a range of 25249.10 and 25347.95. There were 25 stocks advancing against 25 stocks declining on the index.

The top gainers on Nifty were Dr. Reddy's Lab up by 2.22%, Hindalco up by 1.72%, Tata Steel up by 1.42%, Asian Paints up by 1.34% and TCS up by 0.99%. On the flip side, Eternal down by 2.79%, Interglobe Aviation down by 2.12%, SBI Life Insurance down by 1.55%, Adani Ports &SEZ down by 1.41% and Power Grid Corporation down by 1.18% were the top losers. 

Asian markets are trading mostly in green; Nikkei 225 surged 100.11 points or 0.19% to 53,789.00, Taiwan Weighted added 238.96 points or 0.75% to 31,985.04, Shanghai Composite strengthened 11 points or 0.27% to 4,133.58, Hang Seng advanced 109.04 points or 0.41% to 26,739.00 and Straits Times rose 56.18 points or 1.16% to 4,884.50.

On the flip side, Jakarta Composite plunged 115.28 points or 1.28% to 8,876.90 and KOSPI dropped 8.36 points or 0.17% to 4,944.17. 
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