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Indices trade slightly in green in late morning deals
Mar-16-2026

Indian equity indices have altered between positive and negative territories and are trading slightly in green in late morning deals on account of buying in Ultratech Cement, Interglobe Aviation, HDFC Bank, Tata Steel and Bajaj Finance companies’ stocks. There was some encouragement in markets after the International Energy Agency (IEA) said oil from a record stockpile release will be made available in Asia immediately as buyers in the region clamour to replace barrels lost to war-related disruptions in the Middle East. Further, some support came in as Fitch Ratings has raised India’s GDP growth forecast marginally to 7.5 per cent for FY26 with domestic demand being the biggest growth driver this year. On the BSE sectoral front, traders were seen piling up positions in Metal, Basic Materials and FMCG, while selling was witnessed in Realty, Oil & Gas, Energy, Healthcare and Capital Goods. 

On the global front, Asian markets were trading mixed as investors assessed the latest developments in the escalating U.S.-Iran conflict. Back home, in the stock specific development, Newgen Software gained as the company’s wholly owned subsidiary -- Newgen Software Technologies L.L.C, incorporated in Dubai, has executed an agreement with a leading bank in Kuwait for software license, implementation and product software support.  

The BSE Sensex is currently trading at 74600.32, up by 36.40 points or 0.05% after trading in a range of 73949.76 and 74983.29. There were 15 stocks advancing against 15 stocks declining on the index.

The few gaining sectoral indices on the BSE were Metal up by 0.75%, Basic Materials up by 0.54% and FMCG up by 0.23%, while Realty down by 2.26%, Oil & Gas down by 2.03%, Energy down by 1.47%, Healthcare down by 1.25% and Capital Goods down by 1.25% were the top losing indices on BSE.

The top gainers on the Sensex were Ultratech Cement up by 3.53%, Interglobe Aviation up by 2.06%, HDFC Bank up by 1.61%, Tata Steel up by 1.44% and Bajaj Finance up by 1.34%. On the flip side, Power Grid down by 2.34%, Bharat Electronics down by 2.22%, Infosys down by 1.35%, NTPC down by 1.12% and TCS down by 1.08% were the top losers.

Meanwhile, Union Minister Piyush Goyal has said that India is well-prepared to handle any disruptions in crude oil and fuel supplies, as ongoing conflict in West Asia severely disrupted gas shipments and maritime routes. He noted that India has adequate fuel stocks and there has been absolutely no disturbance of any sort on the crude or the fuel front, petrol, diesel, aviation fuel. 

The minister highlighted that India has increased kerosene production to provide alternate cooking medium for the common man in case of delays in LPG supplies. He said ‘incidentally, we are also covering through imports from diversified sources the requirements of LPG and LNG.’ He said ‘the shipping times were barely three or four days, at best seven days, when these shipments of gas came into India and now, we have to diversify to sources which are significantly far away from India… Canada, the US, and possibly Russia, we are looking at various alternate sources which will feed the requirements of India’.

Describing the current geopolitical situation as ‘wake-up call’ for the country, he said that whenever India faced a challenge, it has always been able to convert that into an opportunity. He said ‘I think India is a very resilient country, a very strong economy with good fundamentals and I'm very confident that while we have a war raging on, I'm not an astrologer and can't predict how long it will run, but my own sense is the people of India understand that this is a challenge we have to overcome.’  

The CNX Nifty is currently trading at 23185.40, up by 34.30 points or 0.15% after trading in a range of 22955.25 and 23284.65. There were 22 stocks advancing against 28 stocks declining on the index.

The top gainers on Nifty were Ultratech Cement up by 3.54%, Grasim Industries up by 3.28%, Hindalco up by 3.07%, JSW Steel up by 2.61% and Interglobe Aviation up by 1.97%. On the flip side, Power Grid down by 2.51%, Bharat Electronics down by 2.08%, Max Healthcare Inst down by 1.37%, Wipro down by 1.32% and Infosys down by 1.28% were the top losers.

Asian markets were trading mixed; Nikkei 225 slipped 303.61 points or 0.57% to 53,516.00, Jakarta Composite plunged 97.8 points or 1.39% to 7,039.41 and Shanghai Composite weakened 16.6 points or 0.41% to 4,078.85. However, Taiwan Weighted added 1.08 points to 33,401.40, KOSPI increased 37.05 points or 0.67% to 5,524.29, Hang Seng advanced 307.4 points or 1.19% to 25,773.00 and Straits Times rose 6.68 points or 0.14% to 4,848.95.
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