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Indices remain weak in late morning deals
Aug-13-2026

Domestic equity indices remained weak in late morning deals on account of selling by funds and retail investors. Traders were cautious as Foreign Institutional Investors (FIIs) sold equities worth Rs 1,002.50 crore on a net basis on August 12, 2026. Sentiments were also weak as India’s retail inflation rose to 4.45% in July 2026 from 4.38% in June, as food prices remained elevated and pushed overall price pressures higher. 

The Sensex was trading lower over quarter percent ahead of its weekly F&O expiry, while the Nifty was in the red, down around half a percent, amid selling in shares of Reliance Industries, Infosys, ICICI Bank and HDFC Bank. On the BSE sectoral front, buying interest was seen in Telecom, Realty, FMCG, Industrials and TECK, while Metal, Consumer Durables, Basic Materials, Energy and Power witnessed selling pressure. 

On the global front, Asian markets were trading mixed as traders remained cautious amid the resurgence of Middle East tensions and the resulting recent spike in crude oil prices, fueling inflation concerns. 

The BSE Sensex is currently trading at 77752.57, down by 213.78 points or 0.27% after trading in a range of 77665.89 and 78119.39. There were 14 stocks advancing against 16 stocks declining on the index.

The top gaining sectoral indices on the BSE were Telecom up by 1.46%, Realty up by 1.16%, FMCG up by 0.39%, Industrials up by 0.33% and TECK up by 0.26%, while Metal down by 0.73%, Consumer Durables down by 0.68%, Basic Materials down by 0.58%, Energy down by 0.51% and Power down by 0.39% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.36%, Interglobe Aviation up by 1.18%, Bharti Airtel up by 1.00%, Tech Mahindra up by 0.91% and Bajaj Finserv up by 0.62%. On the flip side, Titan Company down by 1.76%, Ultratech Cement down by 1.57%, Infosys down by 1.25%, Power Grid down by 1.17% and Reliance Industries down by 1.10% were the top losers.

Meanwhile, India Ratings and Research (Ind-Ra) has flagged the widening gap between renewable energy (RE) commissioning and transmission readiness as an emerging credit risk for the sector. It noted that of the 196 GW RE pipeline expected to be commissioned by FY32, around 112 GW remains aligned with transmission schedules, while nearly 84 GW faces delays in general network access (GNA) operationalisation, pointing to a persistent transmission execution gap.  

Ind-Ra projects a 32 GW mismatch between generation and transmission for projects to be commissioned by H2FY27. This gap could widen further to 40 GW, if interstate transmission system (ISTS) commissioning is delayed by another three months. If a project operates ahead of transmission readiness, it must use temporary general network access (T-GNA), which can lead to curtailment due to grid constraints. Ind-Ra-rated renewable projects have so far not faced material rating pressure from transmission delays, supported by repayment moratoriums, liquidity buffers, and sponsor support mechanisms. However, prolonged transmission bottlenecks could weaken capital structure and increase dependence on sponsors. 

It further said utility-backed projects benefit from partial protection, as the scheduled commercial operation date (SCOD) under power purchase agreements (PPA) is allowed till 30-60 days post-receipt of the final GNA. For commercial & industrial projects, risks could arise if consumers have the option to exit the project as per respective PPA terms due to prolonged delays in final GNA and consequent supply being lower than committed level during T-GNA period. Ind-Ra believes the sector’s key challenge is no longer transmission planning, but its timely execution. Although around 57% of the RE pipeline remains synchronised with transmission commissioning schedules, nearly 84 GW continues to face delays ranging from a few months to more than a year. 

The CNX Nifty is currently trading at 24327.25, down by 108.70 points or 0.44% after trading in a range of 24311.40 and 24431.60. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 1.46%, Tata MotorsPassenger up by 1.36%, Tata Consumer up by 1.19%, Tech Mahindra up by 0.92% and Eternal up by 0.89%. On the flip side, Hindalco Industries down by 2.13%, Ultratech Cement down by 2.11%, Grasim Industries down by 1.97%, Titan Company down by 1.60% and Reliance Industries down by 1.36% were the top losers.

Asian markets were trading mixed; Nikkei 225 surged 885.94 points or 1.31% to 68,410.00, Taiwan Weighted added 503.41 points or 1.11% to 46,021.48, Shanghai Composite strengthened 10.7 points or 0.27% to 3,957.38 and KOSPI increased 200.82 points or 3.05% to 6,779.86. However, Jakarta Composite plunged 75.51 points or 1.2% to 6,298.34, Hang Seng declined 8.17 points or 0.03% to 25,432.00 and Straits Times fell 13.99 points or 0.24% to 5,706.76.
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