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Markets continue to trade lacklustre in late afternoon session
Aug-13-2026

Indian equity markets continued their lacklustre trade in late afternoon session as investors took a cautious approach after data showed foreign institution investors were the net sellers on Wednesday’s session, offloading securities worth Rs 1,002.50 crore. Besides, traders overlooked signing of Terms of Reference (ToR) between India and the Southern African Customs Union (SACU) for negotiations towards a Preferential Trade Agreement (PTA). The signing of the ToR reflects the shared commitment of India and SACU to advancing mutually beneficial trade relations and lays the foundation for negotiations towards a balanced, mutually beneficial and development-oriented PTA.

Sensex was trading just below the neutral line ahead of weekly expiry of its F&O contracts. Selling among large cap banks and Construction Materials weighed on index, while Industrials and Construction stocks lent some support.

Nifty was trading with over quarter a percent loss dragged by banking, financial services and IT stocks. In stock specific development, Grasim Industries traded under pressure amid private reports that Aditya Birla Group introduced a new brand royalty framework for its listed subsidiaries. 

On the global front, Asian equity markets were trading mixed even as technology shares extended gains on renewed optimism over artificial-intelligence spending. European equity markets were trading mostly in green as softer U.S. inflation data eased concerns over the possibility of a near-term Federal Reserve rate hike.

The BSE Sensex is currently trading at 77862.41, down by 103.94 points or 0.13% after trading in a range of 77665.89 and 78119.39. There were 17 stocks advancing against 13 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 1.66%, Telecom up by 1.07%, FMCG up by 0.78%, Industrials up by 0.56% and TECK up by 0.30%, while Metal down by 0.99%, Basic Materials down by 0.64%, Bankex down by 0.28%, Energy down by 0.26% and Power down by 0.23% were the top losing indices on BSE.

The top gainers on the Sensex were Interglobe Aviation up by 2.10%, Bharat Electronics up by 1.65%, Tech Mahindra up by 1.54%, Eternal up by 1.47% and Larsen & Toubro up by 1.43%. On the flip side, Ultratech Cement down by 1.20%, ICICI Bank down by 1.14%, Titan Company down by 1.00%, Reliance Industries down by 0.94% and  Adani Ports & SEZ down by 0.81% were the top losers.

Meanwhile, Union Minister of Commerce and Industry Piyush Goyal has called for a responsible approach to global trade, urging Indian businesses and citizens to adopt fair trading practices, promote recycling and reuse, and encourage a circular economy while taking Indian products and services to global markets. Further, highlighting India’s growing global economic engagement, he noted that markets have been opened for Indian industry and businesses through nine free trade agreements. He said that international trade now provides India preferential access and highlighted the contribution of Indian MSMEs, employees, fishermen, farmers, entrepreneurs and the services sector in taking Indian products and services to global markets.

He said India’s $4 trillion economy offers a vast opportunity as the country moves towards the vision of becoming a $30 trillion economy by 2047. He further stated that the whole world is seeking to increase trade relations with India and emphasized that such a large growth opportunity requires collective participation from businesses, entrepreneurs and citizens. The Minister said that India’s journey should not only give a label to Make in India but also establish respect for India’s quality, design capabilities and brand. He expressed confidence that Indian products and natural resources would become trusted globally through these collective efforts.

Goyal also said that growth in GDP would naturally lead to higher production and create employment opportunities. He noted that young people returning to India after completing their education or acquiring new skills through skill development centres would bring new solutions to address emerging challenges. He emphasized that the collective efforts of Indian businesses, entrepreneurs, MSMEs, farmers, fishermen and workers would contribute to the country’s growth and help India emerge as a stronger participant in the global economy.

The CNX Nifty is currently trading at 24361.10, down by 74.85 points or 0.31% after trading in a range of 24311.40 and 24431.60. There were 26 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Tata Consumer Products up by 2.69%, Eternal up by 1.56%, Tata Motors Passenger Vehicles up by 1.55%, Tech Mahindra up by 1.32% and Bharat Electronics up by 1.18%. On the flip side, Hindalco Industries down by 2.99%, Grasim Industries down by 1.72%, Ultratech Cement down by 1.67%, ICICI Bank down by 1.56% and Reliance Industries down by 1.12% were the top losers.

Asian equity markets were trading mixed; Nikkei 225 surged 878.94 points or 1.28% to 68,403.00, Taiwan Weighted added 503.41 points or 1.09% to 46,021.48 and KOSPI increased 234.30 points or 3.44% to 6,813.34, while Hang Seng declined 53.17 points or 0.21% to 25,387.00, Straits Times fell 3.09 points or 0.05% to 5,717.66, Shanghai Composite weakened 19.72 points or 0.5% to 3,926.96 and Jakarta Composite plunged 86.04 points or 1.37% to 6,287.81.

European equity markets were trading mostly in green; Germany’s DAX gained 131.33 points or 0.5% to 26,462.40 and France’s CAC rose 26.46 points or 0.3% to 8,701.40, while UK’s FTSE 100 decreased 28.04 points or 0.26% to 10,805.11.
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