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Weakness persists over Dalal Street in early noon deals
Nov-13-2026

A weakness persisted over the Dalal Street in early afternoon deals, with both Sensex and Nifty falling with notable losses, amid mixed cues from other Asian markets. Selling pressure was largely visible in banking and financial stocks, with HDFC Bank, Axis Bank, Kotak Mahindra Bank and ICICI Bank among the major laggards. Persistent concerns over rising crude oil prices, coupled with October retail inflation rising to 6.09%, weighed on investor sentiment and fueled concerns over a possible tightening of monetary policy by the RBI. 

The street took a note of the Reserve Bank of India’s (RBI) latest data report showing that Indian companies registered overseas borrowings worth $7.05 billion in September 2026 through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs), lower than $8.13 billion in August.

On the global front, Asian markets were trading mixed, as oil prices and U.S. Treasury yields spiked after U.S. Donald Trump downplayed the prospects of a comprehensive diplomatic solution with Iran, halted the negotiation process that Vice President Vance was advancing, and instead accepted a stalemate characterized by 'no war, no talks.' Trump also indicated he may use military force against Iran if U.S. allies and ships are threatened.

The BSE Sensex is currently trading at 81448.97, down by 462.04 points or 0.56% after trading in a range of 81300.46 and 81879.51. There were 10 stocks advancing against 20 stocks declining on the index.

The top gaining sectoral indices on the BSE were Capital Goods up by 1.05%, Power up by 0.77%, Industrials up by 0.19%, Telecom up by 0.13% and TECK up by 0.08%, while Auto down by 1.08%, Realty down by 1.03%, Metal down by 0.91%, Basic Materials down by 0.86% and Bankex down by 0.85% were the top losing indices on BSE.

The top gainers on the Sensex were Hindustan Unilever up by 1.41%, Bharti Airtel up by 0.70%, Sun Pharma up by 0.60%, Tech Mahindra up by 0.56% and Reliance Industries up by 0.56%. On the flip side, Mahindra & Mahindra down by 1.69%, HDFC Bank down by 1.13%, Bharat Electronics down by 1.04%, Bajaj Finserv down by 0.98% and Titan Company down by 0.88% were the top losers.

Meanwhile, International Monetary Fund’s (IMF) Communications Director Julie Kozack has emphasized the need of higher productivity growth, stronger private investment and faster creation of high-quality jobs in India to achieve the medium-term potential growth of 6.8%. He added that these issues will come up during the Article 4 consultations with India. 

In its October World Economic Outlook, the IMF had upgraded India's medium-term potential growth to 6.8% from its earlier estimate of 6.5%. Kozack noted that upgrade took into account a few factors, including favourable demographics, a large and growing domestic economy or domestic market for goods, and continued momentum on structural reforms. 

Despite of these favourable factors, IMF is encouraging India to take continuing reforms, particularly to focus on how productivity growth can be increased. She also highlighted importance of India in global economy, saying the country remains a key growth engine for the world, with strong economic fundamentals and considerable resilience.

The CNX Nifty is currently trading at 25110.10, down by 189.25 points or 0.75% after trading in a range of 25077.55 and 25246.35. There were 8 stocks advancing against 42 stocks declining on the index.

The top gainers on Nifty were Bharti Airtel up by 0.90%, Nestle India up by 0.80%, Eicher Motors up by 0.72%, ONGC up by 0.71% and Apollo Hospital up by 0.28%. On the flip side, Shriram Finance down by 3.17%, Tata Motors Passenger down by 2.20%, Hindalco Industries down by 1.83%, SBI Life Insurance down by 1.70% and Adani Enterprises down by 1.69% were the top losers.

Asian markets were trading mixed; Jakarta Composite gained 60.46 points or 1.14% to 5,311.36, Taiwan Weighted added 583.25 points or 1.34% to 43,675.12 and Nikkei 225 surged 270.64 points or 0.44% to 61,090.00, while KOSPI dropped 52.20 points or 0.99% to 5,290.53, Hang Seng declined 392.55 points or 1.64% to 23,616.00, Straits Times fell 48.5 points or 0.92% to 5,234.20 and Shanghai Composite weakened 21.47 points or 0.59% to 3,634.36.
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