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Markets trade just below neutral lines during late afternoon deals
Sep-10-2026

Indian equity markets traded just below the neutral lines with volatility in late afternoon session as investors opted for a cautious approach ahead of release of key US economic data which could provide clues on interest rate trajectory. Rising crude oil prices have sparked fears of inflationary pressure among the market participants. Brent crude oil prices have crossed the $102 a barrel marks amid escalating West Asia tensions. Further, foreign institutional investors continued their selling spree on Wednesday’s session, offloading securities worth Rs 582.99 crore. Meanwhile, traders stayed away from any risky bets ahead of weekly expiry of Sensex F&O contracts.

On the global front, all Asian equity markets were trading lower as rising oil prices and bond yields fuelled concerns about inflation and the Federal Reserve's rate path. European equity markets were trading mostly in red amid rising expectation of interest hike by European Central Bank. 

The BSE Sensex is currently trading at 74719.27, down by 44.96 points or 0.06% after trading in a range of 74666.10 and 74910.96. There were 14 stocks advancing against 16 stocks declining on the index.

The only gaining sectoral indices on the BSE were Oil & Gas up by 0.13% and TECK up by 0.03%, while Metal down by 1.14%, Capital Goods down by 0.89%, Telecom down by 0.80%, Basic Materials down by 0.64% and Auto down by 0.52% were the top losing indices on BSE.

The top gainers on the Sensex were Power Grid Corporation up by 1.99%, Bharti Airtel up by 1.39%, Tech Mahindra up by 0.92%, HDFC Bank up by 0.89% and Axis Bank up by 0.61%. On the flip side, HCL Technologies down by 1.85%, Tata Steel down by 1.51%, Sun Pharmaceutical Industries down by 0.91%, Bharat Electronics down by 0.76% and Interglobe Aviation down by 0.69% were the top losers.

Meanwhile, Reserve Bank of India’s (RBI) Deputy Governor Rohit Jain has emphasized that policy should provide room for innovation to grow while ensuring that accountability and resilience grow alongside it. He also stressed that policy has to remain informed by what is happening on the ground. He said that regulators cannot understand emerging technologies through returns and supervisory observations alone in a rapidly changing environment. Regular engagement with financial institutions, fintechs and technology providers helps identify new use cases and emerging concerns early, while also giving the industry greater clarity about regulatory expectations. He added that emerging technologies are often understood better through carefully controlled use than through speculation alone. He suggested that regulatory sandboxes can play an important role here by allowing genuinely new applications to be tested within defined boundaries before they are deployed more widely.

On the regulatory front, he noted that regulating a technology too early could risk writing detailed rules for a technology that is yet to be fully understood, or for an architecture that may change before the rules take effect. On the other hand, if regulation comes too late, the technology may already be deeply embedded before its risks are fully understood and addressed. Therefore, he added that there is no perfect point between these two outcomes. Besides, he said that policymakers should not lose sight of the people at the other end of technology amid rapid advances in algorithms, tokens, platforms, cloud infrastructure and quantum computing.

For a responsible financial system, he emphasized that purpose, prudence and policy need to move together, and cautioned that purpose without prudence could lead to recklessness, while prudence without purpose could result in stagnation. He said that the objective should not merely be to make finance faster or smarter, but to ensure that technological progress makes finance more useful, resilient and responsive to those it serves. He added that every technological wave has expanded the range of what human beings can do, and that the opportunity now is to ensure that emerging technologies expand not just what finance can do, but also what it can do better for those it serves. He said, “If we can achieve that, emerging technology will have served not merely innovation, but the larger purpose of finance itself.”

The CNX Nifty is currently trading at 23416.35, down by 15.15 points or 0.06% after trading in a range of 23403.05 and 23494.95. There were 19 stocks advancing against 31 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 2.17%, Power Grid Corporation up by 2.01%, Bharti Airtel up by 1.30%, ONGC up by 1.14% and Cipla up by 0.90%. On the flip side, HCL Technologies down by 1.97%, Hindalco Industries down by 1.67%, Tata Steel down by 1.54%, JSW Steel down by 1.17% and Sun Pharmaceutical Industries down by 1.01% were the top losers.

All Asian equity markets were trading lower; Nikkei 225 slipped 176.78 points or 0.27% to 64,966.00, Taiwan Weighted lost 242.87 points or 0.52% to 46,940.49, Hang Seng declined 368.96 points or 1.48% to 24,906.00, KOSPI dropped 17.72 points or 0.25% to 7,033.92, Jakarta Composite plunged 82.91 points or 1.26% to 6,595.29, Shanghai Composite weakened 17.11 points or 0.43% to 3,934.40 and Straits Times fell 36.13 points or 0.63% to 5,693.50.

European equity markets were trading mostly in red; UK’s FTSE 100 decreased 33.95 points or 0.32% to 10,636.11 and Germany’s DAX lost 48.15 points or 0.19% to 25,528.30, while France’s CAC rose 8.73 points or 0.11% to 8,165.40.
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