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Markets continue to trade higher in late afternoon deals
Sep-23-2026

Indian equity markets continued to trade higher in late afternoon session amid hopes of easing tensions between Iran and US after US President Donald Trump said that US officials ‌had a very good meeting with Iranian leaders. Investors also stayed positive as Brent crude oil prices continued to trade below $100 a barrel mark after Saudi Arabia started restoring crude supply through pipeline to the Red Sea. Further, GDP growth forecast upgrade by Fitch Ratings bolstered sentiment on the bourses. Fitch has raised India's GDP growth forecast for the current fiscal year 2026-27 (FY27) to 6.9% from its earlier estimate of 6.4%. However, persistent selling by foreign institutional investors (FIIs) has sparked caution among market participants. FIIs were the net sellers on Tuesday, offloading securities worth Rs 3,809.99 crore.  

On the global front, Asian equity markets were trading mixed ahead of a high-stakes U.S.-China summit. European equity markets were trading mostly in red after Germany Manufacturing PMI fell to 53.8 in September 2026, slightly below market expectations of 54. 

The BSE Sensex is currently trading at 74872.18, up by 343.10 points or 0.46% after trading in a range of 74599.88 and 74973.74. There were 24 stocks advancing against 6 stocks declining on the index.

The top gaining sectoral indices on the BSE were Metal up by 2.22%, Basic Materials up by 1.53%, Realty up by 1.52%, FMCG up by 1.31% and Telecom up by 1.09%, while IT down by 0.73% and TECK down by 0.27% were the only losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 3.33%, Bajaj Finance up by 2.64%, ITC up by 1.85%, Power Grid Corporation up by 1.62% and Larsen & Toubro up by 1.46%. On the flip side, Infosys down by 1.14%, TCS down by 1.04%, HCL Technologies down by 0.98%, Mahindra & Mahindra down by 0.61% and Titan Company down by 0.59% were the top losers.

Meanwhile, Fitch Ratings has raised India's Gross Domestic Product (GDP) growth forecast for the current fiscal year 2026-27 (FY27) to 6.9% from its earlier estimate of 6.4%, citing strong economic growth rate of 7.8% in the April-June quarter of FY27 (Q1FY27) and overall economic resilience despite the external shock from the US-Iran conflict.  

According to Fitch, India's economic momentum is likely to moderate over the remaining fiscal year, prompting the Reserve Bank of India (RBI) to increase interest rates by 25 bps to 5.5% in its October monetary policy meeting. 

It said that PMI survey data have indicated slower expansion in both manufacturing and services, while below-normal monsoon rainfall is expected to weigh on agricultural output and rural demand. It said rising inflation could also squeeze real household incomes and consumer spending. It said private investment prospects look more buoyant, and it expects investment to rise by more than 10%; non-food credit growth reached 19% y-o-y in July.

The CNX Nifty is currently trading at 23442.95, up by 113.95 points or 0.49% after trading in a range of 23349.55 and 23466.90. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 3.19%, Bajaj Finance up by 2.68%, Hindalco Industries up by 2.37%, Apollo Hospital Ent. up by 2.36% and JSW Steel up by 2.11%. On the flip side, Coal India down by 1.13%, Infosys down by 1.11%, HCL Technologies down by 1.01%, TCS down by 0.98% and Titan Company down by 0.97% were the top losers.

Asian equity markets were trading mixed; Taiwan Weighted added 357.12 points or 0.74% to 48,157.29, KOSPI increased 63.01 points or 0.89% to 7,080.92 and Jakarta Composite gained 93.62 points or 1.47% to 6,370.66, while Hang Seng declined 280.75 points or 1.13% to 24,807.00, Straits Times fell 0.02 points or 0% to 5,723.74 and Shanghai Composite weakened 15.61 points or 0.4% to 3,936.52. Meanwhile, Japanese market remained close on account of holiday.

European equity markets were trading mostly in red; France’s CAC fell 0.81 points or 0.01% to 8,154.10 and Germany’s DAX lost 58.15 points or 0.23% to 25,520.70, while UK’s FTSE 100 increased 19.28 points or 0.18% to 10,727.61.
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