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Key gauges end marginally lower on Wednesday
Aug-12-2026

Indian equity benchmarks recovered significant losses but ended marginally lower on Wednesday amid rising crude oil prices on fresh concerns over tensions in the Middle East. Investors also awaited key U.S. consumer and producer price readings for fresh insights into the Federal Reserve's next move. However, the benchmarks recovered most of their intraday losses in the final hours, supported by continued buying from foreign institutional investors (FIIs), who purchased Indian equities worth Rs 258.55 crore on August 11.

Both the Sensex and the Nifty ended marginally lower as selling in several Tata Group stocks weighed on investor sentiment. Tata Group stocks declined as much as 4% following reports of Tata Sons Chairman N. Chandrasekaran’s resignation, triggering selling across listed group companies. TCS led the losses, falling 4.36%, while Tata Motors Passenger Vehicles declined 1.32%.   

Some of the important factors in trade:

India's exports up 15% in Apr-Jul despite global uncertainties: Commerce and Industry Minister Piyush Goyal said the country's exports increased by about 15 per cent during April-July this fiscal year despite global uncertainties. He also expressed confidence that the target of $1 trillion worth of goods and services exports for 2026-27 will be achieved.

India’s growth momentum remains strong, Q1FY27 GDP growth likely at 8%: Expressing optimism over India’s growth prospects, SBI Research in its latest report has said that the country’s Gross Domestic Product (GDP) growth is likely to rise to 8% in the first quarter of the current fiscal year (Q1FY27), higher than the Reserve Bank of India’s (RBI) 7% growth projection. 

India’s net direct tax collection rises 23% to Rs 8.11 lakh crore as of August 10 in FY27: The government in its data has said that India’s net direct tax collections rose by 23.09 per cent to over Rs 8.11 lakh crore as of August 10 in the current fiscal year (FY27). 

Govt stepping up efforts to strengthen supply-chain resilience across critical sectors: As demand for critical industrial inputs continues to rise, Commerce and Industry Minister Piyush Goyal has said that the Government is stepping up efforts to strengthen the resilience of supply chains and reduce sourcing concentration across critical sectors. 

Fitch Ratings affirms India’s BBB- long-term rating with stable outlook: Fitch Ratings has reaffirmed India's Long-Term Issuer Default Ratings (IDRs) at BBB- with a stable outlook. India's rating has remained unchanged at 'BBB-', the lowest investment grade, since 2006. It said India's economy remains resilient despite near-term pressures from the energy shock triggered by the West Asia crisis. 

Global front: European markets were trading mostly in green, while Asian markets ended mostly higher as investors monitored oil price movements and awaited the U.S. CPI report later in the day for additional clues on the Federal Reserve's rate trajectory. 

Finally, the BSE Sensex fell 187.90 points or 0.24% to 77,966.35 and the CNX Nifty was down by 35.75 points or 0.15% to 24,435.95. 

The BSE Sensex touched high and low of 78,263.33 and 77,497.93, respectively. There were 9 stocks advancing against 21 stocks declining on the index. 

The top gaining sectoral indices on the BSE were Telecom up by 1.89%, PSU up by 0.73%, Capital Goods up by 0.73%, Bankex up by 0.61% and Metal up by 0.34%, while IT down by 1.41%, FMCG down by 0.82%, Healthcare down by 0.78%, Realty down by 0.71% and Utilities down by 0.55% were the top losing indices on BSE.

The top gainers on the Sensex were State Bank Of India up by 1.36%, Power Grid Corporation up by 0.50%, Interglobe Aviation up by 0.39%, Asian Paints up by 0.30% and Bajaj Finserv up by 0.17%. On the flip side, TCS down by 4.36%, Tata Steel down by 1.91%, Infosys down by 1.70%, Mahindra & Mahindra down by 1.64% and Titan Company down by 1.21% were the top losers.

Meanwhile, the government in its data has said that India’s net direct tax collections rose by 23.09 per cent to over Rs 8.11 lakh crore as of August 10 in the current fiscal year (FY27). Net corporate tax collections increased 19.83 per cent to about Rs 2.70 lakh crore, while net non-corporate tax collections, which include personal income tax, grew 23 per cent to Rs 5.07 lakh crore during the period. 

Securities Transaction Tax (STT) revenues grew 51 per cent to Rs 33,824 crore till August 10. Refunds worth Rs 1.43 lakh crore were issued between April 1 and August 10, a 3.8 per cent growth over the year-ago period.

Further, it stated gross direct tax collection (which includes corporate, personal income tax and STT) recorded 19.75 per cent growth till August 10 to about Rs 9.55 lakh crore. The government had budgeted to collect Rs 26.97 lakh crore from direct taxes in the FY27, a 15 per cent growth over Rs 23.40 lakh crore collected in FY26.

CNX Nifty touched high and low of 24,473.30 and 24,265.95, respectively. There were 17 stocks advancing against 30 stocks declining, while 3 stocks remained unchanged on the index.

The top gainers on Nifty were Hindalco Industries up by 2.80%, Bharti Airtel up by 1.56%, State Bank Of India up by 1.50%, JIO Financial Services up by 1.31% and Ultratech Cement up by 0.94%. On the flip side, TCS down by 3.93%, Max Healthcare down by 3.13%, Apollo Hospital down by 1.75%, Mahindra & Mahindra down by 1.63% and Tata Consumer Products down by 1.49% were the top losers. 

European markets were trading mostly in green; UK’s FTSE 100 increased 15.67 points or 0.14% to 10,859.86 and Germany’s DAX gained 148.98 points or 0.56% to 26,540.40, while France’s CAC fell 3.14 points or 0.04% to 8,711.80. 

Asian markets ended mostly higher on Wednesday ahead of release of US CPI report. Investors were optimistic after Pakistani Defence Minister Khawaja Asif said that the US and Iran are close to some sort of an arrangement and things are shaping up again in favour of a peace arrangement or a deal. Chinese markets gained as technology stocks led the recovery. Japanese markets rose as a weakening yen fuelled expectations that the Bank of Japan might implement additional interest rate hikes as early as September to counter rising import costs and inflation risks.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,946.68

12.59

0.32

Hang Seng

25,440.17

-212.65

-0.83

Jakarta Composite

6,373.85

105.97

1.66

KLSE Composite

1,741.61

10.15

0.59

Nikkei 225

67,524.06

553.84

0.83

Straits Times

5,720.75

-33.42

-0.58

KOSPI Composite

6,579.04

233.51

3.68

Taiwan Weighted

45,518.07

397.35

0.87
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