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Key gauges trade flat in morning deals
Oct-30-2026

Indian equity benchmarks erased initial gains and were trading flat in morning deals weighed down by a sharp selloff in global technology stocks and surging crude oil price. Some concern came as exchange data showed Foreign Institutional Investors (FIIs) offloaded equities worth Rs 943.60 crore on Thursday. Investors also remained focused on quarterly earnings from key companies, including Reliance Industries and Sun Pharma due later in the day. However, traders took some support as Commerce and Industry Minister Piyush Goyal expressed confidence that India is on track to achieve its ambitious $1 trillion exports target in the current financial year (FY27), despite geopolitical uncertainties and disruptions to global trade arising from the West Asia crisis and the Russia-Ukraine conflict. On the global front, Asian markets are trading mostly in red following the broadly negative cues from Wall Street overnight, dragged by South Korean and Japanese markets on continued sell-off in semiconductor and technology stocks amid concerns over the sustainability of the AI and technology investments.

The BSE Sensex is currently trading at 74187.12, up by 36.08 points or 0.05% after trading in a range of 74082.03 and 74422.42. There were 12 stocks advancing against 18 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 1.20%, TECK up by 0.67% and Healthcare up by 0.61%, while Capital Goods down by 2.05%, Telecom down by 1.80%, Industrials down by 1.76%, Consumer Durables down by 1.18% and Power down by 1.10% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 5.76%, Interglobe Aviation up by 3.34%, Infosys up by 1.91%, Eternal up by 1.84% and Tech Mahindra up by 1.81%. On the flip side, State Bank of India down by 1.67%, Bharat Electronics down by 1.56%, Ultratech Cement down by 1.40%, Tata Steel down by 1.09% and Mahindra & Mahindra down by 0.96% were the top losers.

Meanwhile, S Mahendra Dev, chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), has said that in the coming years, the government should support job-creating labour-intensive sectors and frontier industries, and support to them should be well-designed, linked to clear goals, and reviewed regularly.

He emphasised the need to enhance the competitiveness of firms across the board, noting that Atmanirbhar Bharat does not mean India is going back to the pre-1991 era. He highlighted that Textiles, apparel, footwear, and food processing can create employment on a large scale, while semiconductors, electronics components, advanced materials, and clean technologies can build India's technological strength.

Further, he said it is basically the competitiveness and the quality of the products that ‘we should increase.’ he noted ‘Support for these industries should be well-designed, linked to clear goals, and reviewed regularly so that public resources achieve the greatest impact.’ 

The CNX Nifty is currently trading at 22934.95, down by 1.80 points or 0.01% after trading in a range of 22905.10 and 23019.25. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Trent up by 6.11%, Interglobe Aviation up by 3.23%, Eternal up by 2.16%, Tech Mahindra up by 2.02% and Power Grid up by 1.79%. On the flip side, Coal India down by 2.44%, Nestle India down by 1.56%, Adani Ports &SEZ down by 1.55%, Adani Enterprises down by 1.53% and Shriram Finance down by 1.32% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 1414.47 points or 2.19% to 63,245.00, Taiwan Weighted lost 987 points or 2.13% to 45,381.33, Jakarta Composite plunged 65.62 points or 1.3% to 5,032.44, Shanghai Composite weakened 6.78 points or 0.19% to 3,644.65, KOSPI dropped 216.71 points or 3.65% to 5,720.95 and Straits Times fell 21.8 points or 0.4% to 5,374.23.

On the flip side, Hang Seng advanced 383.35 points or 1.67% to 23,342.00. 
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