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Indices remain flat in late morning deals
Sep-10-2026

Domestic equity indices remained flat in late morning deals amid weak cues from global markets. Rising Treasury yields in global markets and higher crude oil prices weighed on domestic sentiment. Crude oil prices rose on worries over escalating tensions in the Middle East and their impact on energy supplies kept Brent crude above $100 a barrel. Further, depreciation in Indian rupee against dollar also weighed down sentiments. Rupee weakened by 13 paise to 95.21 against the dollar.

Both the Sensex and Nifty were trading slightly in the red amid selling pressure in Reliance Industries, ICICI Bank, Infosys, Tata Consultancy Services and Mahindra & Mahindra. On the BSE sectoral front, traders were seen building positions in Oil & Gas, PSU, Bankex and Energy stocks, while selling pressure was witnessed in Telecom, Capital Goods, Metal, Realty and Basic Materials stocks.

On the global front, Asian markets were trading in red following the negative cues from US markets overnight. Traders were cautious after Iran has signaled readiness for a more intense conflict, while US President Donald Trump ruled out a quick end to the war, saying it was unlikely to conclude before the November midterm elections. This has raised concerns over disruptions to energy flows through the Strait of Hormuz.

BSE Sensex is currently trading at 74761.67, down by 2.56 points after trading in a range of 74666.10 and 74910.96. There were 13 stocks advancing against 17 stocks declining on the index.

The gaining sectoral indices on the BSE were Oil & Gas up by 0.34%, PSU up by 0.33%, Bankex up by 0.20% and Energy up by 0.01%, while Telecom down by 1.00%, Capital Goods down by 0.79%, Metal down by 0.69%, Realty down by 0.48% and Basic Materials down by 0.45% were the top losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 1.32%, Power Grid up by 1.07%, Axis Bank up by 0.85%, State Bank of India up by 0.72% and Titan Company up by 0.58%. On the flip side, HCL Technologies down by 1.09%, Mahindra & Mahindra down by 0.82%, Sun Pharma down by 0.72%, Interglobe Aviation down by 0.62% and Maruti Suzuki India down by 0.61% were the top losers.

Meanwhile, the Commerce Ministry has said that Union Commerce and Industry Minister Piyush Goyal has met Thailand’s Deputy Prime Minister and Commerce Minister Suphajee Suthumpun in New Delhi to discuss ways to further strengthen the India-Thailand economic partnership, with a focus on enhancing bilateral trade and investment, expanding business opportunities and deepening business-to-business linkages between the two countries. 

The two sides exchanged views on ways to further enhance trade and investment between India and Thailand through greater collaboration and co-creation of solutions in areas that can promote balanced and sustainable growth in bilateral trade. They also discussed strengthening trade promotion activities in both countries to foster business networks, facilitate greater business-to-business engagement and expand market opportunities for enterprises.

The two sides exchanged views on the progress of the review of the ASEAN-India Trade in Goods Agreement (AITIGA) and emphasised the need for deeper bilateral engagement through the India-Thailand Joint Trade Committee (JTC) in a time-bound manner. Both sides recognised the importance of a balanced and mutually beneficial framework that can support greater market access and create opportunities for businesses in both countries. They also addressed a delegation of Thai businesses working across diverse areas, including space technologies, cold-chain logistics, food processing and innovation, health and wellness, and trade and investment promotion. 

India and Thailand share longstanding civilisational, cultural and economic linkages, as well as a strategic partnership. The two countries have been working towards further expanding bilateral trade and investment and strengthening private-sector cooperation. Existing bilateral mechanisms have also emphasised the need to facilitate trade, resolve market-access issues and strengthen linkages with regional and global supply chains. The meeting reaffirmed the shared commitment of India and Thailand to further deepen economic engagement, strengthen business partnerships and build a robust, balanced and mutually beneficial trade and investment relationship.

The CNX Nifty is currently trading at 23426.70, down by 4.80 points or 0.02% after trading in a range of 23403.05 and 23494.95. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Power Grid up by 1.52%, ONGC up by 1.25%, Tech Mahindra up by 1.00%, Axis Bank up by 0.98% and State Bank 0f India up by 0.93%. On the flip side, HCL Technologies down by 1.43%, Interglobe Aviation down by 1.43%, Hindalco Industries down by 1.14%, Tata Steel down by 1.08% and Eicher Motors down by 0.91% were the top losers.

All Asian markets were trading lower; Nikkei 225 slipped 288.78 points or 0.44% to 64,854.00, Taiwan Weighted lost 242.87 points or 0.52% to 46,940.49, Jakarta Composite plunged 9.68 points or 0.15% to 6,668.52, Shanghai Composite weakened 16.53 points or 0.42% to 3,934.98, KOSPI dropped 19.00 points or 0.27% to 7,032.64, Hang Seng declined 382.96 points or 1.52% to 24,892.00 and Straits Times fell 37.51 points or 0.66% to 5,692.12.
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