HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Sustain buying takes markets near day’s highs
Sep-21-2026

Indian equity indices extended their gains to trade near intraday high points in late afternoon session, on the back of positive cues from European markets. Some optimism came as India and New Zealand finalised the free trade agreement (FTA) which is set to come into force on October 20. Commerce and Industry Minister Piyush Goyal said that the agreement provides duty-free access for 100 per cent of Indian exports to New Zealand.

Both indices witnessed further rally in late noon deals. The Sensex outperformed the Nifty, gaining 0.86% and the Nifty 50 was up 0.43%. Positive sentiment was supported by easing crude oil prices and positive global cues, while gains in select large-cap and realty stocks were providing support. 

On the global front, European markets were trading higher, as falling oil prices eased inflation concerns and German Chancellor Friedrich Merz vowed to press ahead with reforms after suffering a bruising electoral setback in two state elections.

The BSE Sensex is currently trading at 74935.48, up by 640.52 points or 0.86% after trading in a range of 74454.18 and 74987.40. There were 25 stocks advancing against 5 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 1.86%, Consumer Durables up by 1.63%, Healthcare up by 1.14%, FMCG up by 1.10% and Bankex up by 0.66%, while Telecom down by 1.19%, TECK down by 0.17%, Metal down by 0.13% and Utilities down by 0.03% were the few losing indices on BSE.

The top gainers on the Sensex were Ultratech Cement up by 4.21%, HCL Technologies up by 3.35%, Eternal up by 2.36%, Titan Company up by 2.20% and Asian Paints up by 2.12%. On the flip side, Bharti Airtel down by 1.73%, Infosys down by 1.00%, Power Grid down by 0.57%, Adani Ports & SEZ down by 0.26% and Tata Steel down by 0.19% were the top losers.

Meanwhile, the Reserve Bank of India (RBI) in its latest survey on ‘Computer software and information technology enabled services exports: 2025-26’ has showed that India’s exports of software services (excluding their sales through overseas commercial presence) increased by 8.2 per cent (y-o-y) during 2025-26 to $221.4 billion. Computer services continued to account for over two-thirds of India’s total software services exports during the year, while BPO services remained the dominant component of IT enabled services (ITES) exports.

As per the report, private limited companies dominated 2025-26 software exports with 9.3 per cent growth. The United States of America remained the major software exports destination with a share of 54.1 per cent, followed by European countries (31.8 per cent) where United Kingdom had major share. The report said that the US dollar was the principal invoicing currency for India’s software exports, followed by the euro, the rupee, and the pound sterling.

The report further noted that software services exports primarily delivered through off-site mode (91.7 per cent share). Total software export services, including services delivered by foreign affiliates of Indian companies, increased by 9.5 per cent during 2025-26 and stood at $239.3 billion. The local software business by foreign affiliates of Indian companies increased to $17.9 billion in 2025-26 from $13.9 billion in the previous year, with the USA and the UK remained the major destinations.

The CNX Nifty is currently trading at 23447.70, up by 101.30 points or 0.43% after trading in a range of 23314.80 and 23466.80. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were HCL Technologies up by 2.73%, Eternal up by 2.54%, HDFC Life Insurance up by 2.37%, SBI Life Insurance up by 2.15% and ITC up by 1.89%. On the flip side, Bharti Airtel down by 3.32%, Adani Ports & SEZ down by 1.77%, Bajaj Finance down by 1.44%, Infosys down by 1.12% and Wipro down by 1.01% were the top losers.

Asian markets were trading mostly in green; KOSPI increased 113.49 points or 1.62% to 7,007.72, Taiwan Weighted added 538.09 points or 1.13% to 47,718.84, Hang Seng advanced 259.22 points or 1.04% to 25,010.00, Straits Times rose 15.47 points or 0.27% to 5,671.58 and Shanghai Composite strengthened 38.04 points or 0.96% to 3,949.91, while Jakarta Composite plunged 47.66 points or 0.75% to 6,393.50.

All European markets were trading higher; UK’s FTSE 100 increased 76.93 points or 0.72% to 10,736.06, France’s CAC rose 68.38 points or 0.85% to 8,133.40 and Germany’s DAX gained 276.24 points or 1.09% to 25,580.30.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.