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Bourses continue to trade sluggish in morning deals
Mar-13-2026

Indian equity benchmarks continued to show a sluggish trend in morning session, tumbling nearly a per cent, as the ongoing conflict in West Asia and surging oil prices continue to spoil investors' sentiment. Heavy selling in global markets, persistent foreign fund outflows and weakness in the rupee also added to the bearish trend. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 7,049.87 crore on Thursday, according to exchange data. Traders remained cautious with government data showing that retail inflation in the country moved up to 3.21 per cent in February compared to 2.74 per cent in the preceding month. The inflation data is based on the new CPI series with base year 2024. Sector-wise, paper industry’s stocks remained in watch as industry body IPMA said the Indian paper industry is facing various challenges, such as a rise in energy costs and a potential disruption in export markets due to the ongoing crisis in West Asia. On the global front, Asian markets were trading mostly in red as fast-dwindling hopes of a resolution to the U.S. and Israel's war with Iran kept oil prices aloft, casting a shadow over global markets and spurring inflation fears. 

The BSE Sensex is currently trading at 75193.02, down by 841.40 points or 1.11% after trading in a range of 75070.66 and 75576.20. There were 5 stocks advancing against 25 stocks declining on the index.

The lone gaining sectoral index on the BSE was FMCG up by 0.07%, while Metal down by 4.01%, Basic Materials down by 3.02%, Industrials down by 2.75%, Capital Goods down by 2.30% and Auto down by 2.09% were the top losing indices on BSE.

The top gainers on the Sensex were Hindustan Unilever up by 1.35%, Trent up by 1.21%, Bharti Airtel up by 0.49%, Reliance Industries up by 0.29% and ITC up by 0.16%. On the flip side, Tata Steel down by 3.93%, Larsen & Toubro down by 3.73%, Ultratech Cement down by 3.07%, Bharat Electronics down by 2.94% and Adani Ports &SEZ down by 2.48% were the top losers.

Meanwhile, Petroleum Minister Hardeep Puri has said that there is no shortage of petrol, diesel and kerosene in the country on account of the West Asia crisis, adding that spreading rumours or false narratives is unnecessary.

Puri said the Modi government’s utmost priority is to make sure that the 33 crore families across India continue to have uninterrupted fuel for their kitchens. He noted retail outlets across the country are stocked and supply chains for these products are functioning normally. Additional allocation of PDS Kerosene has been issued to all the States.

Moreover, he said that because of Prime Minister Narendra Modi’s effective diplomatic outreach, India secured crude volumes that exceed what the disrupted Strait of Hormuz could have delivered in the same period.

The CNX Nifty is currently trading at 23353.45, down by 285.70 points or 1.21% after trading in a range of 23305.75 and 23492.40. There were 7 stocks advancing against 43 stocks declining on the index.

The top gainers on Nifty were Hindustan Unilever up by 1.29%, Trent up by 1.26%, Tata Consumer Product up by 0.76%, Bharti Airtel up by 0.61% and Reliance Industries up by 0.50%. On the flip side, Hindalco down by 5.36%, Tata Steel down by 3.91%, Larsen & Toubro down by 3.71%, Tata Motors Passenger down by 3.11% and Ultratech Cement down by 3.07% were the top losers. 

Asian markets were trading mostly in red; Nikkei 225 slipped 782.96 points or 1.44% to 53,670.00, Taiwan Weighted lost 215.41 points or 0.64% to 33,366.45, Jakarta Composite plunged 133.17 points or 1.84% to 7,228.95, Shanghai Composite weakened 3.32 points or 0.08% to 4,125.78, KOSPI dropped 105.51 points or 1.89% to 5,477.74 and Hang Seng declined 135.76 points or 0.53% to 25,581.00. 

On the flip side, Straits Times rose 3.58 points or 0.07% to 4,858.91. 
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