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Key gauges extend losses in morning deals
Mar-11-2026

Indian equity benchmarks have extended their losses in morning deals amid the ongoing tensions in West Asia and sustained foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,672.64 crore on Tuesday, according to exchange data. Selling in TECK, Auto and Banking stocks also dragged the markets lower. Traders remained cautious as the rating agency ICRA’s report stated that escalating conflict in West Asia could pose downside risks to India's economic growth outlook if the conflict persists. It expects India's real GDP growth to be around 7.1 per cent in FY2027, slightly lower than the 7.6 per cent estimated for FY2026. On the global front, Asian markets were trading mostly in green amid hopes of an easing of tensions in the U.S.-Iran conflict. Traders took a note report stated that the International Energy Agency (IEA) has proposed its largest ever release of oil reserves, in an attempt to tackle the ongoing supply shortage. 

The BSE Sensex is currently trading at 77718.22, down by 487.76 points or 0.62% after trading in a range of 77679.65 and 78324.37. There were 11 stocks advancing against 19 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 1.18%, Power up by 0.78%, Industrials up by 0.60%, Metal up by 0.57% and Realty up by 0.47%, while TECK down by 0.77%, Auto down by 0.70%, Bankex down by 0.67%, IT down by 0.49% and FMCG down by 0.42% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 1.38%, NTPC up by 1.22%, Interglobe Aviation up by 1.21%, Sun Pharma up by 0.61% and Power Grid Corporation up by 0.44%. On the flip side, Axis Bank down by 1.39%, Bajaj Finance down by 1.32%, Bharti Airtel down by 1.30%, Mahindra & Mahindra down by 1.25% and Bajaj Finserv down by 1.16% were the top losers.

Meanwhile, the Electronics and Computer Software Export Promotion Council (ESC) has said the export of computer software and services, including ITeS and BPO, grew by 11% to $222 billion in 2024-25 as compared to $200 billion in 2023-24.

ESC Chairman, Veer Sagar, said that IT Software and Services alone account for $147 billion, which represents about 66.2% of the total exports. Sagar said engineering services crossed $11 billion, the fastest-growing sub-sector at 13.99%. BPO Services added $58 billion. 

Besides, ESC, Chairman for Global Outreach, Sandeep Narula, said that the largest share of Indian software exports goes to the United States, which imported $117.43 billion, representing 52.9% of the total exports. Narula stated the UK is a distant second at $34.41 billion, followed by Japan, Germany, and the Netherlands, which complete the top five. These are not easy markets to win. Holding that kind of share in the US and UK, year after year, says something about the quality and reliability of what Indian firms deliver.

The CNX Nifty is currently trading at 24118.20, down by 143.40 points or 0.59% after trading in a range of 24117.05 and 24299.00. There were 16 stocks advancing against 34 stocks declining on the index.

The top gainers on Nifty were Interglobe Aviation up by 1.35%, Adani Ports & SEZ up by 1.33%, NTPC up by 1.22%, JIO Financial Services up by 1.17% and Hindalco up by 1.01%. On the flip side, Tata Consumer Products down by 1.68%, Max Healthcare down by 1.51%, JSW Steel down by 1.49%, Axis Bank down by 1.35% and Bajaj Finance down by 1.27% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 1356.61 points or 2.5% to 55,605.00, Taiwan Weighted added 1370.08 points or 4.18% to 34,141.95, Jakarta Composite gained 0.16 points or 0% to 7,441.07, Shanghai Composite strengthened 2.18 points or 0.05% to 4,125.32, KOSPI increased 196.15 points or 3.55% to 5,728.74 and Hang Seng advanced 19.1 points or 0.07% to 25,979.00.

On the flip side, Straits Times fell 1.67 points or 0.03% to 4,858.97. 
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