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Key gauges trade flat in late morning deals
May-07-2026

Indian equity benchmarks were trading flat in late morning deals, as investors turned cautious amid unabated foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,834.90 crore on Wednesday, according to exchange data. Some concern also came as S&P Global in its latest ‘India Forward’ report, jointly done with Crisil, has lowered India's Gross Domestic Product (GDP) growth estimates for the current financial year (FY27) to 6.6 per cent from 7.1 per cent projected earlier. However, traders took some support with easing crude oil prices and hopes of a possible US-Iran peace deal. Some support also came with Commerce ministry’s data showing that the country's goods and services exports rose 4.6 per cent to an all-time high of $863.11 billion during 2025-26, up from $825.26 billion in 2024-25, despite global economic uncertainties. On the global front, Asian markets were trading higher as reports said that the U.S. and Iran are close to an agreement that will bring an end to the war. 

The BSE Sensex is currently trading at 77919.43, down by 39.09 points or 0.05% after trading in a range of 77798.28 and 78339.24. There were 13 stocks advancing against 17 stocks declining on the index.

The top gaining sectoral indices on the BSE were Auto up by 1.35%, Capital Goods up by 1.28%, Power up by 1.12%, Industrials up by 1.02% and Telecom up by 0.85%, while Consumer Durables down by 0.52%, TECK down by 0.35%, FMCG down by 0.33%, IT down by 0.30% and Realty down by 0.25% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.80%, NTPC up by 1.43%, Kotak Mahindra Bank up by 0.89%, ICICI Bank up by 0.87% and Tata Steel up by 0.77%. On the flip side, Titan Company down by 1.98%, Hindustan Unilever down by 1.45%, Sun Pharma down by 1.10%, Adani Ports &SEZ down by 1.06% and Interglobe Aviation down by 0.96% were the top losers.

Meanwhile, the Federation of Indian Chambers of Commerce and Industry’s (FICCI) latest survey for January-March FY26 has said that growth sentiment in India's manufacturing sector stays optimistic in the fourth quarter of last financial year (Q4FY26), even in the face of rising input costs and geopolitical uncertainties. The survey stated that the only effect observed was a small decrease in capacity utilization, down to nearly 72 per cent compared to the previous quarter. However, the outlook for future investment remains stable for the next six months. 

For the period January-March 2025-26, the survey evaluated the performance and sentiments of manufacturers for eight major sectors, including automobile, capital goods, chemical, fertilizer & pharmaceuticals, electronics & electricals, machine tools, metal, and textiles. The survey collected responses from more than 250 manufacturing units, spanning both large and SME segments, with a combined annual turnover of over Rs 8 lakh crore.

FICCI stated ‘The survey continued to reflect sustained growth and increasing optimism for India's manufacturing sector in Q4. In comparison to Q3 FY26, when 91 per cent of respondents reported higher or same production levels, approximately 93 per cent of respondents reported either higher or same production levels in Q4 FY26. This optimism was also evident in domestic demand, as 89 per cent of respondents anticipated higher or the same orders in Q4 FY 2026 compared to the previous quarter’.

The CNX Nifty is currently trading at 24340.85, up by 9.90 points or 0.04% after trading in a range of 24300.70 and 24423.35. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were Bajaj Auto up by 2.89%, HDFC Life Insurance up by 2.64%, Eicher Motors up by 1.74%, Mahindra & Mahindra up by 1.73% and NTPC up by 1.42%. On the flip side, Titan Company down by 2.05%, Hindustan Unilever down by 1.47%, Sun Pharma down by 1.15%, Adani Ports &SEZ down by 1.06% and Interglobe Aviation down by 1.00% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 3674.88 points or 6.17% to 63,188.00, Taiwan Weighted added 846.6 points or 2.06% to 41,985.45, Jakarta Composite gained 25.51 points or 0.36% to 7,117.98, Shanghai Composite strengthened 10.54 points or 0.25% to 4,170.71, KOSPI increased 108.46 points or 1.47% to 7,493.02, Hang Seng advanced 348.22 points or 1.33% to 26,562.00 and Straits Times rose 16.75 points or 0.34% to 4,944.13. 
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