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Key gauges manage to end in green on fag-end buying
Sep-10-2026

Snapping three days of decline, Indian equity benchmarks managed to end in green on Thursday on fag-end buying in blue-chip Power Grid and Tech Mahindra. However, elevated crude oil prices above $100-per-barrel mark, amid persistent geopolitical tensions, kept risk appetite subdued throughout the day. Meanwhile, investors adopted a wait-and-watch approach ahead of the release of crucial U.S. inflation data, which could influence the chances of a Federal Reserve rate hike on September 16.

Some of the important factors in trade:

Indian economy doing reasonably well, will return to current account surplus soon: Expressing optimism about India’s growth prospects, NITI Aayog Vice Chairman Ashok Kumar Lahiri said the Indian economy has been doing reasonably well and that Asia’s third-largest economy will regain its mojo and return to a current account surplus soon. 

India-US trade deal nears finalization: The India-US trade deal is nearing completion, with Commerce Secretary Rajesh Agrawal describing the deal as ‘more or less’ finalised. The two countries are now focusing on developing a framework for preferential market access before the agreement is signed at an appropriate time.

Policy should provide room for innovation growth while ensuring accountability, resilience: 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. 

India’s merchandise exports surge 15% in April-August this fiscal despite global uncertainties: Commerce and Industry Minister Piyush Goyal said India’s merchandise exports grew by around 15 per cent during April-August this fiscal despite global uncertainties. 

Global front: European markets were trading mostly in green as investors awaited the European Central Bank's interest rate announcement. Asian markets settled mostly lower as rising oil prices and bond yields fueled concerns about inflation and the Federal Reserve's rate path. 

Finally, the BSE Sensex rose 138.36 points or 0.19% to 74,902.59 and the CNX Nifty was up by 46.30 points or 0.20% to 23,477.80.    

The BSE Sensex touched high and low of 74,910.96 and 74,598.47, respectively. There were 15 stocks advancing against 15 stocks declining on the index.            

The top gaining sectoral indices on the BSE were Bankex up by 0.36%, Oil & Gas up by 0.29%, Utilities up by 0.27%, PSU up by 0.13% and Energy up by 0.02%, while Capital Goods down by 0.99%, Telecom down by 0.91%, Metal down by 0.67%, Basic Materials down by 0.36% and Auto down by 0.34% were the top losing indices on BSE.

The top gainers on the Sensex were Power Grid up by 1.82%, Tech Mahindra up by 1.14%, Bharti Airtel up by 0.85%, Axis Bank up by 0.61% and Ultratech Cement up by 0.59%. On the flip side, HCL Technologies down by 2.16%, Tata Steel down by 1.62%, Interglobe Aviation down by 1.27%, ICICI Bank down by 1.01% and Reliance Industries down by 0.98% were the top losers.

Meanwhile, expressing optimism about India’s growth prospects, NITI Aayog Vice Chairman Ashok Kumar Lahiri said the Indian economy has been doing reasonably well and that Asia’s third-largest economy will regain its mojo and return to a current account surplus soon. He said the major challenge facing the Indian economy is the low share of manufacturing in India’s overall Gross Domestic Product (GDP). India’s economy grew at a faster-than-expected 7.8 per cent in the April-June quarter, showing resilience despite concerns that the war in Iran and resulting global uncertainty could weigh on domestic economic momentum.

On foreign investment in India, Lahiri said domestic savings, rather than foreign savings, must do most of the heavy lifting. He explained that in the early part of the 19th century, the United States imported capital from Europe, while East Asia consistently ran current account surpluses because it attracted foreign direct investment (FDI) and foreign portfolio investment (FPI). However, most of the investment was financed by domestic savings.

He said, “Normally, when GDP goes up, the share of agriculture goes down, and the share of industry, which includes manufacturing and some other sectors, and services goes up. But if you look at developed countries, manufacturing has gone down, but it has gone down at a much higher per capita income than what was threatening to be a problem.” He pointed out that India’s recent GDP data shows that the share of manufacturing in GDP has increased. He added, “But we need much more manufacturing now.” He said the entry of foreign players into the country and the investments taking place in renewable energy, data centres, semiconductors and electronic manufacturing are very positive developments.

CNX Nifty touched high and low of 23,494.95 and 23,380.10, respectively. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 2.36%, Power Grid up by 2.22%, ONGC up by 1.39%, Bharti Airtel up by 1.34% and Tech Mahindra up by 1.18%. On the flip side, HCL Technologies down by 1.85%, Hindalco Industries down by 1.26%, Tata Steel down by 1.04%, Adani Enterprises down by 0.89% and Mahindra & Mahindra down by 0.83% were the top losers. 

European markets were trading mostly in green; Germany’s DAX gained 3.55 points or 0.01% to 25,580.00 and France’s CAC rose 14.23 points or 0.17% to 8,170.90, while UK’s FTSE 100 decreased 47.35 points or 0.44% to 10,622.71.

Asian markets settled mostly lower on Thursday as Brent crude prices surging above $102 per barrel and climbing US Treasury yields fueled inflation concerns. Besides, investors awaited release of US inflation reports ahead of Federal Reserve’s policy decision next week. Further, escalating fighting between Saudi Arabia and the Houthis in Yemen kept market participants cautious. However, Japanese markets gained as the Bank of Japan prepares for a critical policy meeting next week, with board member Kazuyuki Masu indicating that the central bank will continue tightening policy and reduce monetary support as underlying inflation approaches its 2% target. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,934.40

-17.10

-0.43

Hang Seng

24,954.47

-320.49

-1.27

Jakarta Composite

6,589.34

-88.86

-1.35

KLSE Composite

1,705.52

-8.82

-0.51

Nikkei 225

65,270.95

128.17

0.20

Straits Times

5,689.75

-39.88

-0.70

KOSPI Composite

7,033.92

-17.72

-0.25

Taiwan Weighted

46,940.49

-242.87

-0.51
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