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Benchmarks trade lower during late afternoon deals
Nov-13-2026

Benchmarks traded lower in late afternoon session as crude oil prices steadied. The Brent crude oil prices hovering around $96 a barrel mark after US President Donald Trump downplayed the prospects of a comprehensive diplomatic solution with Iran. Besides, investors remained cautious as hotter-than-expected US inflation data solidify expectations of interest rate hike by Federal Reserve in its December policy meeting. Meanwhile, traders overlooked the capital inflows from foreign institutional investors (FIIs). FIIs were the net sellers in Thursday’s session, buying securities worth Rs 7,830.60 crore. 

While both Nifty and Sensex were trading with cuts of over half a percent, Nifty faced comparatively intense selling pressure following weakness among Auto and Financial counters.

On the global front, Asian equity markets were trading mixed amid concerns over AI related investment and expectations for tighter Federal Reserve policy. European equity markets were trading lower as rising bond yields fueled inflation concerns and heightened fears of further interest rate hikes.

The BSE Sensex is currently trading at 81494.43, down by 416.58 points or 0.51% after trading in a range of 81288.75 and 81879.51. There were 6 stocks advancing against 24 stocks declining on the index.

The top gaining sectoral indices on the BSE were Capital Goods up by 0.43%, Telecom up by 0.38%, Power up by 0.17% and TECK up by 0.14%, while Realty down by 1.86%, Basic Materials down by 1.24%, Auto down by 1.18%, Metal down by 1.12% and Utilities down by 1.12% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 1.14%, Hindustan Unilever up by 0.84%, Reliance Industries up by 0.35%, Tech Mahindra up by 0.17% and ITC up by 0.09%. On the flip side, Mahindra & Mahindra down by 1.88%, Bharat Electronics down by 1.51%, HDFC Bank down by 1.40%, Interglobe Aviation down by 1.34% and ICICI Bank down by 1.23% were the top losers.

Meanwhile, Moody's Ratings, in its Global Emerging Markets outlook 2027 report, has said that Artificial intelligence (AI) could enhance productivity but also create displacement risks in emerging markets (EMs) with significant exposure to software, information technology (IT) and business-process outsourcing (BPO) sectors. However, it said AI's impact on jobs and productivity is not yet clearly visible in India. It said for most emerging markets, inadequate access to computing capacity, digital infrastructure and skills could increasingly determine their ability to capture AI-related gains.    

Moody's expects GDP growth for the largest EMs in 2027 to remain broadly in line with 2026 levels, with some potential upside depending on a potential easing of the Middle East conflict. Moody's has already revised India’s FY27 growth forecast upward to 7 per cent from 6.5 per cent led by broad-based economic momentum and energy supply shock resilience. It said continued commodity demand will remain a key growth driver for some metal and energy producers, although overall growth will be slow and vary considerably by country. It said resilient consumer spending, supported by favourable government policies, and strong foreign direct investment (FDI) inflows will also contribute to growth in several emerging markets.

According to the report, for EMs with significant levels of software or IT and business-process outsourcing exposures, AI could both raise productivity and create displacement risks. But even for India and the Philippines - the potentially most-exposed EM countries - there is no current clear illustration of either trend. Moody's said most EM sovereigns will stabilise their debt, offsetting the increase in interest rates, through contained spending, revenue raising measures or both. The fiscal space for policy responses to further shocks, such as the potential impact of a record El Nino, may however be constrained due to rigid spending structures. It added that some of the larger EM sovereigns will choose to keep their spending above revenues which, along with higher interest costs, will increase their debt.

The CNX Nifty is currently trading at 25107.15, down by 192.20 points or 0.76% after trading in a range of 25054.40 and 25246.35. There were 9 stocks advancing against 41 stocks declining on the index.

The top gainers on Nifty were Bharti Airtel up by 1.25%, ONGC up by 0.74%, Eicher Motors up by 0.74%, Nestle India up by 0.74% and Asian Paints up by 0.50%. On the flip side, Shriram Finance down by 3.53%, Grasim Industries down by 2.93%, Tata Motors Passenger Vehicles down by 2.88%, Ultratech Cement down by 2.09% and Hindalco Industries down by 2.07% were the top losers.

Asian equity markets were trading mixed; Nikkei 225 surged 270.64 points or 0.44% to 61,090.00, Taiwan Weighted added 583.25 points or 1.34% to 43,675.12 and Jakarta Composite gained 62.32 points or 1.17% to 5,313.22, while Hang Seng declined 427.55 points or 1.81% to 23,581.00, KOSPI dropped 52.20 points or 0.99% to 5,290.53, Straits Times fell 44.56 points or 0.85% to 5,238.14 and Shanghai Composite weakened 21.47 points or 0.59% to 3,634.36.

European equity markets were trading lower; UK’s FTSE 100 decreased 5.35 points or 0.05% to 10,857.74, France’s CAC fell 15.76 points or 0.19% to 8,345.60 and Germany’s DAX lost 70.18 points or 0.26% to 26,701.70.
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