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Markets continue to face selling pressure in late morning deals
Sep-09-2026

Domestic equity indices remained under pressure in late morning deals as market participants continued to reduce their positions. Rising crude oil prices and weak cues from global markets weighed on domestic sentiment. Crude oil prices surged as escalating tensions between the U.S. and Iran fuel concerns over further disruptions to Middle East energy supplies. Further, a depreciating rupee, which slipped 48 paise to trade at 95.22 against the US dollar, made traders the more nervous.

Both the Sensex and the Nifty were trading lower amid selling pressure in stocks such as HDFC Bank, Infosys, Tata Consultancy Services, Reliance Industries and ICICI Bank. On the BSE sectoral front, traders were seen building positions in Metal, Utilities, Energy, Power and Basic Materials, while selling was witnessed in IT, TECK, FMCG, Realty and Auto sectors. On the global front, Asian markets were trading mostly in red following negative cues from US markets overnight.

The BSE Sensex is currently trading at 75080.24, down by 497.34 points or 0.66% after trading in a range of 74923.08 and 75220.88. There were 7 stocks advancing against 23 stocks declining on the index.

The top gaining sectoral indices on the BSE were Metal up by 1.63%, Utilities up by 1.15%, Energy up by 0.69%, Power up by 0.68% and Basic Materials up by 0.64%, while IT down by 2.96%, TECK down by 2.24%, FMCG down by 1.10%, Realty down by 0.80% and Auto down by 0.71% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports up by 2.70%, Tata Steel up by 2.12%, NTPC up by 1.01%, Trent up by 0.78% and Larsen & Toubro up by 0.48%. On the flip side, Infosys down by 4.08%, HCL Technologies down by 3.79%, Tech Mahindra down by 3.11%, TCS down by 2.80% and Hindustan Unilever down by 1.48% were the top losers.

Meanwhile, Federation of Automobile Dealers Associations (FADA) has said that India’s electric vehicle (EV) retail sales increased 52.9 per cent year-on-year to 2,98,448 units in August 2026. It said overall EV market penetration expanded to 12.3 per cent during the month, up from 9.5 per cent in August 2025.

FADA said the two-wheeler segment led the growth, with retail sales rising 67.05 per cent to 1,83,204 units in August 2026 from 1,09,673 units a year earlier. Electric passenger vehicle (PV) retail sales were up 51.88 per cent at 30,696 units in August 2026 as against 20,210 units in August 2025. 

It said electric three-wheeler sales also registered strong growth of 25.28 per cent, rising to 79,846 units in August 2026 from 63,736 units in the corresponding month last year. Electric commercial vehicle (CV) retail sales almost tripled at 4,702 units in August 2026 from 1,631 units in August 2025. 

The CNX Nifty is currently trading at 23517.05, down by 118.05 points or 0.50% after trading in a range of 23466.65 and 23549.30. There were 15 stocks advancing against 35 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 4.70%, Max Healthcare up by 3.46%, Coal India up by 3.27%, Adani Ports up by 2.69% and Tata Steel up by 2.07%. On the flip side, Infosys down by 3.99%, HCL Technologies down by 3.21%, HDFC Life Insurance down by 3.13%, Tech Mahindra down by 2.86% and TCS down by 2.62% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 184.33 points or 0.28% to 65,085.00, Jakarta Composite plunged 38.94 points or 0.59% to 6,647.50, Hang Seng declined 93.18 points or 0.37% to 25,224.00 and Straits Times fell 43.01 points or 0.75% to 5,724.44. However, Shanghai Composite strengthened 0.65 points or 0.02% to 3,941.20, KOSPI increased 101.89 points or 1.47% to 7,056.41 and Taiwan Weighted added 27.36 points or 0.06% to 47,133.14.
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