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Markets continue to trade lower in late afternoon session
Jan-07-2026

Indian equity markets continued to trade lower in late afternoon session as traders stayed away from any risky bets ahead of release of Ministry of Statistics and Programme Implementation’s (MoSPI) report on first advance estimate of India’s FY26 gross domestic product (GDP). Besides, market participants took a cautious approach amid persistent selling by foreign institutional investors (FIIs). FIIs were the net sellers of equities worth Rs 107.63 crore. Moreover, investors maintained risk adverse approach amid lack of global market cues. Asian equity markets were trading mixed as tensions between China and Japan escalated, and weak U.S. data spurred hopes for more rate cuts. Meanwhile, in Europe, equity markets were trading mostly in red ahead of release of flash inflation data of euro area.

The BSE Sensex is currently trading at 84779.58, down by 283.76 points or 0.33% after trading in a range of 84617.49 and 85075.99. There were 9 stocks advancing against 20 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.30%, while Small cap index up by 0.05%.

The few gaining sectoral indices on the BSE were IT up by 1.73%, Consumer Durables up by 1.09%, TECK up by 0.72% and Healthcare up by 0.33%, while Utilities down by 1.00%, Auto down by 1.00%, Oil & Gas down by 0.76%, Realty down by 0.72% and Telecom down by 0.68% were the top losing indices on BSE.

The top gainers on the Sensex were Titan Company up by 4.04%, Tech Mahindra up by 1.75%, Infosys up by 1.58%, HCL Technologies up by 1.51% and ICICI Bank up by 1.07%. On the flip side, Maruti Suzuki down by 2.95%, Tata Steel down by 1.66%, HDFC Bank down by 1.52%, Asian Paints down by 1.44% and Power Grid Corporation down by 1.27% were the top losers.

Meanwhile, India Ratings & Research (Ind-Ra) in its latest report has said that India’s Gross Domestic Product (GDP) is likely to grow by 6.9 per cent in the next financial year (FY27). key reforms such as Goods and Services Tax (GST), income tax cuts, and Free Trade Agreements (FTAs) are poised to act as economic catalysts and safeguard economy from global challenges, especially the US tariffs. Ind-Ra expects GDP in FY26 to grow 7.4 per cent, while nominal GDP expansion at 9 per cent.  

According to the report, Indian Rupee is expected to average 92.26 to a dollar in FY27, higher than 88.64 to a dollar in the current fiscal. The government's debt as a percentage of GDP is projected to fall to 55.5 per cent in FY27, from an estimated 56.3 per cent in FY26. The government aims to further reduce this ratio to around 50 per cent over the next 3-4 years.

The agency also said that the FTAs, especially with New Zealand, UK and Oman, entered into by the government will boost foreign investment and help to keep Current Account Deficit (CAD) lower by attracting more foreign investments. It expects the total budget size to rise to Rs 52 lakh crore in FY27, from budgeted Rs 50 lakh crore in FY26. It expects the revised estimates for FY26 to have a lower budget size of around Rs 49 lakh crore on shortfall in tax revenue. It estimates tax revenues to fall short by Rs 2 lakh crore in the current fiscal, which will be made up from non-tax revenue collection and slightly lower capex.

The CNX Nifty is currently trading at 26096.20, down by 82.50 points or 0.32% after trading in a range of 26067.90 and 26187.15. There were 18 stocks advancing against 32 stocks declining on the index.

The top gainers on Nifty were Titan Company up by 4.09%, Tech Mahindra up by 1.72%, Wipro up by 1.60%, Infosys up by 1.54% and HCL Technologies up by 1.53%. On the flip side, Cipla down by 4.28%, Maruti Suzuki down by 2.88%, Max Healthcare Inst down by 2.23%, Tata Motors Passenger Vehicles down by 2.06% and Tata Steel down by 1.54% were the top losers.

Asian equity markets were trading mixed; KOSPI increased 25.58 points or 0.56% to 4,551.06, Straits Times rose 5.44 points or 0.11% to 4,745.41, Shanghai Composite strengthened 2.1 points or 0.05% to 4,085.77 and Jakarta Composite gained 0.81 points or 0.01% to 8,934.42, while Nikkei 225 slipped 572.08 points or 1.1% to 51,946.00, Taiwan Weighted lost 140.83 points or 0.46% to 30,435.47 and Hang Seng declined 248.45 points or 0.94% to 26,462.00.

European equity markets were trading mostly in red; UK’s FTSE 100 decreased 56.13 points or 0.55% to 10,066.60 and France’s CAC fell 20.53 points or 0.25% to 8,216.90, while Germany’s DAX gained 181.5 points or 0.73% to 25,073.70.
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