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Indian markets off day’s lows in early noon deals
Sep-09-2026

Indian equity benchmarks staged some recovery but remained lower during early afternoon deals, amid mixed cues from other Asian markets. Sentiments were downbeat, as Crisil Ratings in its report has said that Rainfall Distortion Index (RDI) records a deficiency score of 14.4 as of September 4, 2026 making this the most spatially distorted monsoon in a decade. In the same period last year RDI recorded a surplus score of 18.7.

Both indices, Sensex and Nifty, continued to trade below their neutral lines, as traders continued to fret over persistently high crude oil prices and escalating Middle East hostilities, which is stoking global inflation risks and rate-hike fears. 

On the global front, Asian markets were trading mixed, after China's consumer price inflation increased in August, driven by higher technology and energy prices, and producer price inflation exceeded forecasts. Consumer prices advanced 0.8 percent in August from last year, faster than the 0.5 percent rise in July.

The BSE Sensex is currently trading at 75181.30, down by 396.28 points or 0.52% after trading in a range of 74914.79 and 75220.88. There were 11 stocks advancing against 19 stocks declining on the index.

The top gaining sectoral indices on the BSE were Metal up by 1.94%, Utilities up by 1.71%, Power up by 1.25%, Basic Materials up by 0.84% and Energy up by 0.62%, while IT down by 3.05%, TECK down by 2.21%, Realty down by 0.84%, FMCG down by 0.84% and Auto down by 0.38% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 3.29%, Tata Steel up by 2.72%, Trent up by 1.42%, NTPC up by 1.09% and Axis Bank up by 0.85%. On the flip side, Infosys down by 4.36%, HCL Technologies down by 4.14%, Tech Mahindra down by 3.19%, TCS down by 2.32% and Hindustan Unilever down by 1.65% were the top losers.

Meanwhile, the green energy transition is likely to gain momentum in India’s cement sector, with rating agency, ICRA in its latest report forecasting India’s major cement producers to significantly scale up green power capacity to 5.8-6.0 GW by March 2028, from around 4.0 GW as of March 2026. The expansion will be supported by Rs 12,000-13,000 crore of investments over the next two years and could help companies save Rs 6,200-6,700 crore annually, implying an attractive payback period of 1.8-2.2 years.

According to the report, while cement remains one of the most emission-intensive industries, the major cement producers have laid out net-zero emission roadmaps over the next 15-20 years. The calcination process accounts for 57-60% of total emissions, while fuel combustion and electricity consumption account for 27-30% and 10-13%, respectively. This underscores the need for a multi-pronged decarbonisation strategy. 

ICRA further noted that the Indian cement industry is accelerating its decarbonisation efforts through increased adoption of green power, blended cement, alternative fuels and clinker efficiency improvements. Apart from sustainability commitments, this transition is also being driven by the need to mitigate fuel cost volatility and enhance cost competitiveness.

The CNX Nifty is currently trading at 23557.45, down by 77.65 points or 0.33% after trading in a range of 23466.65 and 23565.00. There were 21 stocks advancing against 29 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 5.09%, Max Healthcare Inst. up by 4.35%, Adani Ports & SEZ up by 3.23%, Coal India up by 3.21% and Tata Steel up by 2.85%. On the flip side, Infosys down by 4.30%, HDFC Life Insurance down by 4.16%, HCL Technologies down by 3.55%, Tech Mahindra down by 2.95% and Wipro down by 2.20% were the top losers.

Asian markets were trading mixed; Jakarta Composite plunged 14.34 points or 0.21% to 6,672.10, Hang Seng declined 75.18 points or 0.3% to 25,242.00, Nikkei 225 slipped 99.33 points or 0.15% to 65,170.00 and Straits Times fell 50.2 points or 0.87% to 5,717.25, while KOSPI increased 97.12 points or 1.38% to 7,051.64, Taiwan Weighted added 77.58 points or 0.16% to 47,183.36 and Shanghai Composite strengthened 10.96 points or 0.28% to 3,951.51.
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