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Key gauges end lower on inflation concerns
Nov-13-2026

Indian equity benchmarks ended lower on Friday, amid broad-based selling across sectors. Sentiment was dented by India's retail inflation surging to 6.09 per cent in October, breaching the RBI's upper tolerance limit and raising concerns over a potential repo rate hike in December. Global factors like rising crude oil prices and US bond yields also contributed to the cautious market sentiment. 

Both the indices closed in the red, with Nifty underperforming the Sensex. The Sensex was losing around 0.40%, while the Nifty was down over 0.60%, as sharp selling in Realty, Auto and Basic Materials stocks weighed on investor sentiment.   

Some of the important factors in trade: 

India to emerge as world's most resilient leading economy during 2026-30: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) 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.

India to have one of the best trade deals with US in every respect: Commerce and Industry Minister Piyush Goyal has said that India will have one of the best trade deals with the US in every respect. He said that India has negotiated a very good set of outcomes with the US in the pact.

AI may enhance productivity but pose displacement risks in emerging markets: Moody's Ratings in its 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.

India needs to increase productivity, private investment, high-quality jobs to achieve 6.8% growth: 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%. 

On the global front: European markets were trading higher despite a spike in oil prices and U.S. Treasury yields fueled inflation concerns. Asian markets settled mostly lower with concerns about Nvidia's leadership turmoil and increased expectations for tighter Federal Reserve policy keeping investors on edge. 

Finally, the BSE Sensex fell 318.56 points or 0.39% to 81,592.45 and the CNX Nifty was down by 155.05 points or 0.61% to 25,144.30. 

The BSE Sensex touched high and low of 81,879.51 and 81,288.75, respectively. There were 7 stocks advancing against 23 stocks declining on the index.

The top gaining sectoral indices on the BSE were Capital Goods up by 0.68%, Power up by 0.33% and Telecom up by 0.28%, while Realty down by 1.70%, Auto down by 1.19%, Basic Materials down by 1.11%, Utilities down by 0.98% and Metal down by 0.93% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 1.27%, Hindustan Unilever up by 1.16%, Reliance Industries up by 0.18%, ITC up by 0.16% and Axis Bank up by 0.02%. On the flip side, Bharat Electronics down by 1.91%, Mahindra & Mahindra down by 1.72%, HDFC Bank down by 1.36%, NTPC down by 1.35% and ICICI Bank down by 1.28% were the top losers.

Meanwhile, the Reserve Bank of India (RBI) in its latest data report has showed 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. Of the total, $6.71 billion worth of proposals were under the general permission route, while $336.94 million was under the special permission route. Infrastructure, energy, manufacturing and financial services companies were among the major borrowers.

The report further noted that among the prominent companies that filed their intent in September was Mangang Constructions, which plans to raise $1 billion for general corporate purposes, followed by the National Bank for Financing Infrastructure and Development which plans to raise $1 billion from the international capital market for 10 years for on-lending or sub-lending activities. Hindustan Petroleum Corporation plans to raise $500 million from a resident financial institution's branch outside India for five years for general corporate purposes.

Housing and Urban Development Corporation (HUDCO) plans to raise $500 million from a resident financial institution's branch outside India for five years to refinance rupee loans. Further, REC plans to raise $300 million from a financial institution in the IFSC for five years for general corporate purposes. NHPC plans to raise nearly $254.51 million from a financial institution in the IFSC for five years and four months for working capital requirements.

CNX Nifty touched high and low of 25,246.35 and 25,054.40, respectively. There were 11 stocks advancing against 38 stocks declining, while 1 stock remain unchanged on the index.

The top gainers on Nifty were Eicher Motors up by 1.34%, Hindustan Unilever up by 0.96%, BSE up by 0.73%, Asian Paints up by 0.53% and Bharti Airtel up by 0.48%. On the flip side, Shriram Finance down by 3.37%, Tata Motors Passenger down by 3.31%, Grasim Industries down by 2.60%, Hindalco Industries down by 2.12% and Adani Enterprises down by 1.95% were the top losers.  

European markets were trading higher; UK’s FTSE 100 increased 30.55 points or 0.28% to 10,893.64, France’s CAC rose 13.44 points or 0.16% to 8,374.80 and Germany’s DAX gained 53.82 points or 0.2% to 26,825.70.

Asian markets settled mostly lower on Friday, tracking Wall Street’s overnight fall following the resignation of Nvidia CEO Jensen Huang amid reports of extramarital affairs and Chinese espionage allegations that fuelled concerns about the future of the AI boom and the US-China technology ties. Further, a spike in crude oil prices and US Treasury yields, along with increased expectations for tighter Federal Reserve policy kept investors on edge. Market participants were also awaiting the US October PPI inflation report later in the day for additional cues on the Federal Reserve's rate trajectory. Chinese markets declined after reports indicated that OpenAI is supporting a bipartisan effort in US Congress to restrict China's access to advanced AI chips and chipmaking tools. Meanwhile, Japanese markets gained as the yen weakened past the psychologically key 160-per-dollar for the first time since September, prompting Japanese authorities to issue warnings of possible currency market intervention.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,634.35

-21.48

-0.59

Hang Seng

23,637.60

-370.95

-1.55

Jakarta Composite

5,344.41

93.51

1.75

KLSE Composite

1,582.59

-3.37

-0.21

Nikkei 225

61,142.35

322.99

0.53

Straits Times

5,231.84

-50.86

-0.96

KOSPI Composite

5,290.53

-52.20

-0.98

Taiwan Weighted

43,675.12

583.25

1.35
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