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Sensex, Nifty trade in red in early deals amid higher retail inflation
Nov-13-2026

Indian equity benchmarks made a negative start on Friday amid profit booking following the recent rally, elevated domestic inflation and US President Donald Trump’s latest comments ruling out the possibility of a deal with Iran. Retail inflation climbed to 6.09% in October, breaching the RBI’s upper tolerance threshold of 6%. The spike was driven largely by rising food prices. Meanwhile, U.S. President Donald Trump declared that the United States does not need a deal with Iran 

Sensex and Nifty were trading in red in early deals amid selling pressure in auto and banking stocks. Though, buying interest in healthcare, power and capital goods counters, limited the losses. Also, foreign portfolio investors (FPIs) extended their buying streak to a ninth consecutive session on Thursday, pumping Rs 7,831 crore into Indian equities.

On the global front, Asian markets were trading mostly higher as investors returned to technology stocks following a turbulent week dominated by uncertainty surrounding Nvidia's leadership. The recovery came as investors assessed whether the leadership crisis at Nvidia would have lasting implications for the broader technology sector.

The BSE Sensex is currently trading at 81612.74, down by 298.27 points or 0.36% after trading in a range of 81300.46 and 81835.82. There were 11 stocks advancing against 19 stocks declining on the index.

The top gaining sectoral indices on the BSE were Healthcare up by 0.79%, Power up by 0.62%, Capital Goods up by 0.55%, IT up by 0.37% and TECK up by 0.29%, while Auto down by 0.82%, Bankex down by 0.72%, Realty down by 0.71%, Oil & Gas down by 0.48% and PSU down by 0.45% were the top losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 1.08%, Sun Pharma up by 0.79%, HCL Technologies up by 0.75%, Hindustan Unilever up by 0.60% and Infosys up by 0.55%. On the flip side, Mahindra & Mahindra down by 1.65%, HDFC Bank down by 1.35%, Bharat Electronics down by 1.03%, Interglobe Aviation down by 0.88% and Bajaj Finserv down by 0.77% were the top losers.

Meanwhile, The Associated Chambers of Commerce and Industry of India (ASSOCHAM), in its report titled ‘India's Economic Edge in the Top Ten Economies’, has said that India is projected to emerge as the most resilient economy among the world's 10 leading economies during 2026-30, with a score of 71 out of 100, followed by China at 66. Japan and Russia jointly ranked third with 60 points each, followed by Germany (59), Italy and Brazil (53 each), the UK (52), France (40) and the US (36). During 2021-25, India scored 66 out of 100 and ranked third among the 10 economies, behind Russia (74) and China (71). Germany scored 59, Japan 57, Italy 52, France 50, Brazil 49, the UK 40 and the US 32. India's position has, therefore, improved from third in the 2021-25 assessment to first in the 2026-30 assessment, with its score rising from 66 to 71.

The assessment by the industry body is based on 10 macroeconomic indicators, including real GDP growth, export growth, current account balance, government debt, fiscal balances, real GDP per capita growth, gross national savings and gross capital formation. Drawing on data from the International Monetary Fund's World Economic Outlook database, ASSOCHAM ranked the 10 economies on each indicator, with the best-performing country securing the highest rank. These rankings were then converted into marks and aggregated to arrive at the overall score.

The analysis covers 2021-25 as the retrospective period and 2026-30 as the forward-looking period, with 2025 and 2026 also assessed as individual years. India secured the top position for 2026-30, driven by its first-place rankings in real GDP growth and real GDP per capita growth. It ranked second in gross savings and gross capital formation, third in export growth and debt-to-GDP ratio, fifth in primary fiscal balance, seventh in current account balance and structural fiscal balance, and eighth in overall fiscal balance. China, which ranked second overall, secured the top position in export growth, gross savings and gross capital formation, while ranking second in real GDP growth and real GDP per capita growth.

The report said 'India's economic performance reflects the contributions of its policymakers, businesses and workforce. Sustaining reforms, boosting private investment, expanding manufacturing and exports, and developing a globally competitive workforce will be key to the country's continued progress.' Emphasising the need to reduce costs, it said, 'Policy should now take ease of doing business to the ground level, with more visibility for MSMEs.' It added that cutting the cost of capital, power, compliance, logistics and labour would help level the playing field at home and ensure that India remains the most resilient among the leading economies.

The CNX Nifty is currently trading at 25185.60, down by 113.75 points or 0.45% after trading in a range of 25077.55 and 25209.85. There were 15 stocks advancing against 35 stocks declining on the index.

The top gainers on Nifty were Apollo Hospital up by 1.27%, Dr. Reddy's Lab up by 0.93%, Sun Pharma up by 0.84%, BSE up by 0.77% and ONGC up by 0.68%. On the flip side, Shriram Finance down by 2.39%, HDFC Bank down by 1.43%, Hindalco Industries down by 1.33%, Mahindra & Mahindra down by 1.29% and Interglobe Aviation down by 1.23% were the top losers.

Asian markets were trading mostly in green; Taiwan Weighted jumped 475.45 points or 1.1% to 43,567.32, Nikkei 225 surged 458.64 points or 0.75% to 61,278.00, Jakarta Composite gained 66.29 points or 1.26% to 5,317.19, Shanghai Composite rose 7.88 points or 0.22% to 3,663.71 and Straits Times was up by 0.11 points or 0% to 5,235.97. On the other hand, Hang Seng declined 239.55 points or 1.01% to 23,769.00 and KOSPI dropped 34.25 points or 0.64% to 5,308.48.
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