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Indian markets exhibit mixed trend during early afternoon deals
Sep-25-2026

In a highly volatile session, Indian equity benchmarks exhibited mixed trend during early afternoon deals, as continued surge in crude oil prices and bond yields raised concerns about inflation risk and interest rate hikes. The lack of clarity about peace talks for the resolution of the Middle East conflict also weighed on market sentiment. 

In early noon deals, Sensex was holding marginal gains while the Nifty traded in negative territory. The Sensex found support from gains in heavyweight banking, financial and consumer durables counters, while weakness in IT and other index-heavy stocks kept the Nifty under pressure.

On the global front, Asian markets were trading mixed, after Hong Kong's foreign trade deficit increased markedly in August from a year ago as imports grew faster than exports. The trade shortfall rose to HK$71.2 billion in August from HK$25.4 billion in the same month last year. In July, the trade balance showed a deficit of HK$4.9 billion. Moreover, this was the largest trade shortfall since March.

The BSE Sensex is currently trading at 73677.35, up by 96.81 points or 0.13% after trading in a range of 73477.77 and 73800.94. There were 16 stocks advancing against 14 stocks declining on the index.

The top gaining sectoral indices on the BSE were Consumer Durables up by 0.58%, Auto up by 0.45%, Bankex up by 0.23%, Realty up by 0.23% and Industrials up by 0.07%, while Healthcare down by 0.63%, Oil & Gas down by 0.51%, IT down by 0.24%, Basic Materials down by 0.23% and Capital Goods down by 0.23% were the top losing indices on BSE.

The top gainers on the Sensex were Axis Bank up by 1.96%, Mahindra & Mahindra up by 1.25%, Asian Paints up by 1.02%, HCL Technologies up by 1.01% and HDFC Bank up by 0.62%. On the flip side, Eternal down by 1.04%, Trent down by 0.95%, Infosys down by 0.70%, Bharat Electronics down by 0.50% and Hindustan Unilever down by 0.49% were the top losers.

Meanwhile, India’s CEA V Anantha Nageswaran has indicated that the rupee is unlikely to remain under continuous pressure in the coming years. He noted that the rupee's competitive real effective exchange rate (REER) has contributed significantly to net export growth, and India's trade agreements would provide further momentum to exports and create employment opportunities in export-oriented sectors. He highlighted India’s progress in electronics manufacturing, particularly smartphones, saying the country had gained significantly from the shift in global supply chains away from China. 

Nageswaran has stressed that India's objective should be to build resilience rather than pursue self-reliance in isolation, and the country should aim for ‘diversified abundance’. He suggested identifying areas of fragility and focusing the country’s resources toward building capabilities in strategically important sectors, rather than pursuing them for prestige. Underscoring importance of technology, he said that India needed to strengthen its small and medium enterprises and manufacturing capabilities in areas that are critical to global supply chains. He added that ‘This is what will lead us to the eventual goal of becoming strategically indispensable to the rest of the world by 2047’.

Amid lingering global uncertainties, he noted that unsettled relationship with the United States, state of energy market and also the absence of so-called AI play, which is currently the dominant discourse among investors' minds overseas, were the near-term headwinds for the Indian economy. On the balance of payments, he said it is something that will remain a challenge not just episodically but almost continuously. He suggested building buffers in both the private and government sectors for key commodities, including oil, for at least six months. Besides, he pointed that as imports rise and the country’s dependence on key commodities increases, competition for global capital will also intensify, while higher interest rates in developed countries could further increase this pressure. Hence, the steps taken by the RBI this year was an act of foresight.

The CNX Nifty is currently trading at 23057.00, down by 6.10 points or 0.03% after trading in a range of 23030.00 and 23121.60. There were 27 stocks advancing against 22 stocks declining, while 1 stock remained unchanged on the index.

The top gainers on Nifty were Axis Bank up by 2.00%, Asian Paints up by 1.49%, HCL Technologies up by 1.34%, Mahindra & Mahindra up by 1.04% and HDFC Bank up by 0.79%. On the flip side, Max Healthcare Inst. down by 2.48%, Tata Motors Passenger down by 1.75%, ONGC down by 1.59%, Infosys down by 1.54% and Eternal down by 1.04% were the top losers.

Asian markets were trading mixed; Jakarta Composite plunged 31.73 points or 0.51% to 6,266.88 and Hang Seng declined 373.13 points or 1.53% to 24,388.00, while Nikkei 225 surged 806.01 points or 1.22% to 66,320.00 and Straits Times rose 11.43 points or 0.2% to 5,694.80.
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