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Key gauges trade mixed in morning deals
Sep-30-2026

Indian equity benchmarks traded mixed in morning deals, with benchmark indices witnessing divergent trends, tracking mixed global cues amid uncertainty over the US-Iran conflict and the outlook for regional energy supplies. Traders remained cautious as exchange data showed foreign institutional investors (FIIs) continued their selling spree, offloading equities worth Rs 9,980.22 crore on Tuesday. However, traders took some support as the Index of Services Production (ISP) data showed that as many as 10 out of 19 service sub-sectors recorded double-digit growth in July. The ISP data, published on a trial basis, showed that 17 sub-sectors recorded positive growth in July.

The BSE Sensex was trading with gains of over 0.20%, led by gains in IT, TECK and Energy stocks. In contrast, the Nifty 50 was with minor cuts amid broad-based selling in heavyweight stocks. On the global front, Asian markets are trading mixed following broadly negative cues from Wall Street overnight as soaring Treasury yields amid elevated crude oil prices continue to dent risk-appetite.  

The BSE Sensex is currently trading at 72689.36, up by 160.29 points or 0.22% after trading in a range of 72440.05 and 72899.64. There were 20 stocks advancing against 10 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 2.02%, TECK up by 0.95%, Energy up by 0.81%, Oil & Gas up by 0.71% and Bankex up by 0.66%, while Healthcare down by 2.01%, Metal down by 0.51%, Consumer Durables down by 0.46% and Basic Materials down by 0.18% were the top losing indices on BSE.

The top gainers on the Sensex were TCS up by 2.92%, Tech Mahindra up by 2.19%, HCL Technologies up by 2.11%, ICICI Bank up by 2.10% and Kotak Mahindra Bank up by 1.48%. On the flip side, Adani Ports &SEZ down by 1.69%, Eternal down by 1.38%, Sun Pharma down by 1.27%, HDFC Bank down by 0.85% and Bharti Airtel down by 0.83% were the top losers.

Meanwhile, in view of growing size of states budget, a Reserve Bank of India (RBI) committee recommended raising the aggregate Ways and Means Advances (WMA) limit for states to meet temporary cash mismatch by 11.2 per cent to Rs 67,839 crore. The RBI has been extending WMA to the State Governments since 1938 for managing temporary mismatches in their cash flows.

Based on the recommendations made by the previous Advisory Committee (Chairman: Sudhir Shrivastava), the RBI had revised the aggregate WMA limits for the states from Rs 32,225 crore to Rs 47,010 crore, effective from April 1, 2022. Later, based on recommendations of another RBI-constituted Group of select State Finance Secretaries, the RBI revised the aggregate WMA limit to Rs 60,1182 crore with effect from July 1, 2024.

In the 35th Conference of the State Finance Secretaries (SFS) held in September 2025, the RBI decided to set up an Advisory Committee on WMA for state governments, post release of the report of the Sixteenth Finance Commission. The Committee (Chairman: I S N Prasad) analysed various fiscal parameters, such as total expenditure and revenue receipts, for identifying the ‘Base’ for calculation of WMA limits.

The committee is of the view that it is more appropriate to fix the state-wise WMA limits based on their ‘Revenue Receipts’ as compared to ‘Total Expenditure’. The Committee recommends revision in aggregate WMA limit for the states to Rs 67,839 crore from the existing limit of Rs 61,008 crore, an increase of 11.2 per cent over the current limit. For arriving at the revised WMA limits, the ‘base’ has been taken as adjusted revenue receipts (revenue receipts minus lottery-related expenditure plus net expenditure on natural calamities, if it is positive) using accounts-level data (2022-23 to 2024-25).

The RBI may consider revising the WMA limits annually based on the methodology recommended by this Committee. The Committee also said that the next Committee to review the WMA to state governments be constituted after the release of the Seventeenth Finance Commission’s report. The RBI constituted the Advisory Committee on Ways and Means Advances to State Governments on April 30, 2026, to review the existing WMA Scheme for the State Governments and to examine other related issues.

The CNX Nifty is currently trading at 22702.75, down by 13.45 points or 0.06% after trading in a range of 22659.80 and 22771.80. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were TCS up by 3.18%, Tech Mahindra up by 2.29%, HCL Technologies up by 2.19%, ICICI Bank up by 2.10% and Interglobe Aviation up by 1.62%. On the flip side, Apollo Hospital down by 4.70%, Max Healthcare down by 3.70%, BSE down by 3.60%, Dr. Reddy's Labs. down by 2.65% and Sun Pharma down by 2.48% were the top losers.

Asian markets are trading mixed; Nikkei 225 surged 1168.73 points or 1.78% to 66,650.00, Taiwan Weighted added 539.14 points or 1.13% to 48,171.10, Jakarta Composite gained 9.19 points or 0.15% to 6,130.89 and Shanghai Composite strengthened 7.31 points or 0.19% to 3,837.76.

On the flip side, KOSPI dropped 48.36 points or 0.7% to 6,822.45, Hang Seng declined 42.57 points or 0.17% to 24,481.00 and Straits Times fell 6.91 points or 0.12% to 5,707.93.
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