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Local equities continue weak trend in morning deals
Sep-29-2026

Indian equity benchmarks continued to show a sluggish trend in morning session, with losses of around 0.80% each, as elevated crude oil prices due to uncertainty over the West Asia situation and foreign fund outflows weighed on investors' sentiment. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,353.22 crore on Monday, according to exchange data. Traders overlooked Commerce and Industry Minister Piyush Goyal’s statement that India's merchandise exports increased by 15 per cent up to September 21 in the current financial year (FY27) despite global economic uncertainties arising from ongoing conflicts. On the global front, Asian markets are trading lower following the broadly negative cues from Wall Street overnight, amid a substantial rebound in both crude oil prices and bond yields, renewing concerns about the outlook for global inflation and interest rates.

The BSE Sensex is currently trading at 72172.37, down by 599.35 points or 0.82% after trading in a range of 72064.00 and 72684.90. There were 3 stocks advancing against 27 stocks declining on the index.

The lone gaining sectoral index on the BSE was Healthcare up by 0.02%, while Auto down by 1.32%, Consumer Durables down by 1.26%, Consumer discretionary down by 1.14%, Oil & Gas down by 1.14% and PSU down by 1.09% were the top losing indices on BSE. 

The few gainers on the Sensex were Sun Pharma up by 0.27%, Interglobe Aviation up by 0.20% and Bharti Airtel up by 0.03%. On the flip side, Bajaj Finance down by 2.06%, HCL Technologies down by 1.70%, Infosys down by 1.51%, Titan Company down by 1.48% and HDFC Bank down by 1.47% were the top losers.

Meanwhile, Union Minister G Kishan Reddy has said there is no shortage of coal in India even as higher thermal power demand, monsoon-related disruptions in mining and lower hydropower generation. Reddy stated ‘There is no shortage of coal. We are supplying by rakes and road’. 

He said thermal power demand had risen by around 12-15 per cent due to a decline in hydropower generation, while monsoon conditions had also affected coal mining operations. Besides, he said the temporary disruptions should not be construed as a coal shortage and asserted that the overall situation was normal.

Earlier in this month, he had said that the coal companies have 100 million tonnes of coal in transit, and power companies have 23 days of coal stock. The production of coal increased with a reduction in rains in the country.

The CNX Nifty is currently trading at 22595.50, down by 184.75 points or 0.81% after trading in a range of 22569.65 and 22753.20. There were 7 stocks advancing against 43 stocks declining on the index.

The top gainers on Nifty were Dr. Reddy's Labs. up by 1.96%, Sun Pharma up by 0.56%, Cipla up by 0.31%, Interglobe Aviation up by 0.19% and Adani Ports &SEZ up by 0.11%. On the flip side, Tata Motors Passenger down by 3.00%, JIO Financial Services down by 1.90%, Bajaj Finance down by 1.77%, Titan Company down by 1.69% and HDFC Life Insurance down by 1.67% were the top losers.

All Asian markets are trading lower; Nikkei 225 slipped 911.62 points or 1.38% to 64,966.00, Taiwan Weighted lost 350.64 points or 0.73% to 47,673.96, Jakarta Composite plunged 12.86 points or 0.21% to 6,135.00, Shanghai Composite weakened 1.83 points or 0.05% to 3,821.79, KOSPI dropped 65.84 points or 0.96% to 6,823.90, Hang Seng declined 215.51 points or 0.87% to 24,427.00 and Straits Times fell 27.39 points or 0.48% to 5,701.63. 
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