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Key gauges trade flat with positive bias in morning deals
Jul-31-2026

Indian equity benchmarks were trading flat with positive bias in morning deals, tracking a sharp rally in Bajaj Finance, foreign fund inflows and a decline in crude oil prices. Foreign Institutional Investors (FIIs) bought equities worth Rs 3,623.51 crore on Thursday, according to exchange data. Some support also came as Additional Secretary in the Department of Commerce, Darpan Jain stated that the India-European Union (EU) Free Trade Agreement (FTA) includes a comprehensive work plan to address concerns surrounding the EU's Carbon Border Adjustment Mechanism (CBAM), commonly referred to as the carbon tax. However, profit-taking in IT and TECK stock restricted markets gains. On the global front, Asian markets are trading mostly in green following the broadly positive cues from Wall Street overnight, boosted by markets in Japan, South Korea and Taiwan amid the rebound in technology or semiconductor stocks. 

The BSE Sensex is currently trading at 77983.23, up by 55.08 points or 0.07% after trading in a range of 77809.93 and 78069.91. There were 17 stocks advancing against 13 stocks declining on the index.

The top gaining sectoral indices on the BSE were Capital Goods up by 1.98%, Auto up by 1.69%, Industrials up by 1.45%, Power up by 1.10% and Realty up by 0.76%, while IT down by 1.63%, TECK down by 1.07% and FMCG down by 0.54% were the top losing indices on BSE.

The top gainers on the Sensex were Bajaj Finance up by 6.07%, Bajaj Finserv up by 4.16%, Mahindra & Mahindra up by 3.06%, Bharat Electronics up by 0.94% and Ultratech Cement up by 0.64%. On the flip side, TCS down by 2.74%, Infosys down by 2.65%, Tech Mahindra down by 1.20%, ITC down by 1.07% and HCL Technologies down by 0.92% were the top losers.

Meanwhile, in order to ensure fairness, the Reserve Bank of India (RBI) has said that banks will have to offer uniform interest rates on deposits across all branches, without discrimination for similar amounts deposited by customers on the same day. Also, according to the RBI's revised instructions on interest rates on Rupee bulk deposits and disclosure of interest rates on deposits, the interest rates payable on deposits must be strictly as per the schedule of interest rates disclosed in advance on websites of respective banks.

The RBI said ‘The interest rates offered on deposits, including bulk deposits, shall be uniform across all branches and for all customers and there shall be no discrimination in the matter of interest paid on the deposits, between one deposit and another deposit of similar amount, accepted on the same date, at any of its offices.’ Further, the central bank said that banks are required to publish bulk deposit interest rates on their websites at 10:00 am each business day, allowing a grace period of up to 10 minutes. 

Moreover, it stated banks will have the freedom to offer a differential interest rate on bulk deposits, by considering the differential run-off rate applicable to deposits or unsecured wholesale funding under the Liquidity Coverage Ratio (LCR) framework. The revised instructions, effected through 'Reserve Bank of India (Commercial Banks - Interest Rate on Deposits) Second Amendment Directions, 2026', will come into force from October 1, 2026. It said the directions have been issued after considering stakeholders' feedback on draft norms issued in June.

The CNX Nifty is currently trading at 24357.70, up by 40.55 points or 0.17% after trading in a range of 24299.70 and 24381.25. There were 27 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Bajaj Finance up by 6.48%, Bajaj Finserv up by 4.13%, Mahindra & Mahindra up by 2.87%, Shriram Finance up by 1.69% and JIO Financial Services up by 1.69%. On the flip side, TCS down by 2.61%, Infosys down by 2.35%, Wipro down by 1.59%, Coal India down by 1.07% and Tech Mahindra down by 1.01% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 2687.57 points or 4.34% to 64,555.00, Taiwan Weighted added 3249.93 points or 8.14% to 43,183.23, Jakarta Composite gained 29.92 points or 0.48% to 6,216.28, Shanghai Composite strengthened 30.02 points or 0.79% to 3,834.71 and KOSPI increased 942.42 points or 16.85% to 6,535.98.

On the flip side, Hang Seng declined 32.88 points or 0.13% to 25,826.00 and Straits Times fell 41.96 points or 0.74% to 5,631.62.
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