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Markets relinquish some gains in late trade
Jul-31-2026

Benchmarks relinquished some gains in late afternoon session weighed by selling among market heavy weights like HDFC Bank, Infosys and Tata Consultancy Services. However, markets continued to trade above the neutral lines as persistent foreign capital inflows bolstered sentiment on the bourses. Foreign institutional investors were the net buyers on yesterday’s session with net buying of Rs 3,623.51 crore. Besides, rupee appreciation against dollar and brent crude trading below $90 a barrel mark put investors in buying mood. Meanwhile, Bajaj Finance shares surge 8.90% after reporting 27.37% rise in its consolidated net profit at Rs 5,985.75 crore for Q1FY27 as compared to Rs 4,699.61 crore for the same quarter in the previous year. 

On the global front, Asian equity markets were trading mostly in green, while European equity markets were also trading higher after Microsoft’s strong earning sparked rally among AI-related stocks.

The BSE Sensex is currently trading at 78077.49, up by 149.34 points or 0.19% after trading in a range of 77809.93 and 78272.25. There were 18 stocks advancing against 12 stocks declining on the index.

The top gaining sectoral indices on the BSE were Auto up by 2.09%, Capital Goods up by 1.97%, Industrials up by 1.48%, Power up by 1.32% and Telecom up by 0.84%, while IT down by 1.44%, FMCG down by 0.83% and TECK down by 0.80% were the only losing indices on BSE.

The top gainers on the Sensex were Bajaj Finance up by 8.90%, Bajaj Finserv up by 5.92%, Mahindra & Mahindra up by 4.15%, Adani Ports & SEZ up by 2.02% and Sun Pharmaceutical Industries up by 2.01%. On the flip side, TCS down by 2.89%, Infosys down by 2.13%, Eternal down by 2.12%, ITC down by 1.44% and Tech Mahindra down by 1.19% were the top losers.

Meanwhile, Moody's in its latest report has said that the growth in the Asia-Pacific (APAC) region is likely to moderate to 4.1 per cent in 2026 from 4.3 per cent in 2025 and further to slow down to 3.6 per cent in 2027, amid high commodity prices, tighter policy settings, and unusually hot and dry weather. However, it is expecting India to remain one of the fastest-growing major economies in the Asia-Pacific region, even as higher oil prices, fresh US tariffs and slowing global growth pose risks to the outlook.

As per the report, the Asia-Pacific economy has dodged the sharp slowdown that many feared the West Asia conflict would provoke. Further, the artificial intelligence boom has driven robust export and investment growth, accelerating overall GDP growth across much of the region. It said the West Asia conflict remains on a knife-edge and the Strait of Hormuz's full reopening looks set to be a long process, punctuated by setbacks.

Moody's said the West Asia conflict has driven up inflation across Asia in the past few months and the resurgence in inflation has put central banks in the hot seat. It further said that another key risk is the developing El Nino weather pattern, which looks set to bring hotter and drier conditions to much of the region in the second half of the year. Lower rainfall could reduce crop yields and hurt food supplies, particularly if conditions prove more severe than anticipated and countries are underprepared. The report noted that El Nino poses a dual risk of food and energy vulnerability for India.

The CNX Nifty is currently trading at 24375.10, up by 57.95 points or 0.24% after trading in a range of 24299.70 and 24429.40. There were 28 stocks advancing against 22 stocks declining on the index.

The top gainers on Nifty were Bajaj Finance up by 8.59%, Bajaj Finserv up by 5.79%, Mahindra & Mahindra up by 3.92%, JIO Financial Services up by 3.17% and Adani Ports & SEZ up by 2.01%. On the flip side, TCS down by 2.81%, Max Healthcare Institute down by 2.49%, Eternal down by 2.17%, Infosys down by 2.00% and ITC down by 1.40% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 2523.57 points or 3.92% to 64,391.00, Taiwan Weighted added 3186.45 points or 7.39% to 43,119.75, Hang Seng advanced 83.12 points or 0.32% to 25,942.00, KOSPI increased 1001.89 points or 15.19% to 6,595.45, Jakarta Composite gained 45.75 points or 0.73% to 6,232.11 and Shanghai Composite strengthened 27.57 points or 0.72% to 3,832.26, while Straits Times fell 40.84 points or 0.73% to 5,632.74.

European equity markets were trading higher; UK’s FTSE 100 increased 84.39 points or 0.77% to 10,981.66, France’s CAC rose 76.86 points or 0.91% to 8,562.50 and Germany’s DAX gained 225.27 points or 0.88% to 25,837.30.
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