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Bourses continue to trade near day’s low levels
Mar-11-2026

Indian markets continued to trade near day’s low levels in early afternoon session as traders avoided to take risk amid the ongoing tensions in West Asia. Some cautiousness also came ahead of India’s Consumer Price Index (CPI) data, which is due on March 12. Traders took a note of report that Foreign portfolio investors' (FPI) bets in Fully Accessible Route (FAR) government securities have declined by about Rs 4,634 crore since the start of the Middle East conflict, reflecting growing caution among overseas investors amid rising crude oil prices, a weakening rupee and rising bond yields. Besides, ICRA in its report has said that there will be a downside risk to the India’s growth projection for FY2027 due to this conflict. The magnitude of this risk depends on the conflict's duration and its impact on domestic investment, inflation, and external trade.

On the global front, Asian markets were trading mixed as conflict in the Middle East continued. Meanwhile, Producer prices in Japan were down 0.1 percent on month in February. That missed forecasts for an increase of 0.1 percent and down from 0.2 percent in January. 

The BSE Sensex is currently trading at 77290.59, down by 915.39 points or 1.17% after trading in a range of 77160.83 and 78324.37. There were 8 stocks advancing against 22 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 1.28%, Oil & Gas up by 0.88%, Power up by 0.81%, Energy up by 0.74% and Healthcare was up by 0.68%, while Auto down by 1.96%, Bankex down by 1.41%, TECK down by 1.09%, Consumer discretionary down by 0.96% and Realty was down by 0.64% were the top losing indices on BSE.

The top gainers on the Sensex were NTPC up by 1.39%, Adani Ports up by 1.20%, Sun Pharma up by 1.18%, Power Grid up by 1.09% and Tech Mahindra up by 0.97%. On the flip side, Bajaj Finance down by 4.17%, Mahindra & Mahindra down by 3.05%, Bajaj Finserv down by 2.90%, Axis Bank down by 2.89% and Bharti Airtel down by 2.42% were the top losers.

Meanwhile, Reserve Bank of India (RBI) has limited the maximum dividend banks can pay to their shareholders at 75% of profit after tax (PAT). The new norms will come in effect from the financial year (FY) 2026-27. Following the consultations with stakeholders, the RBI has issued the Reserve Bank of India (Commercial Banks - Prudential Norms on Declaration of Dividend and Remittances of Profits) Directions, 2026.

Under these norms, the regulatory capital of the bank should not fall below the applicable regulatory capital requirement even after the payment of dividends. Further, a foreign bank operating in India in branch mode should have positive PAT for the period for which the profits are to be remitted to the Head Office. 

The RBI has also issued prudential norms on declaration of dividend for small finance banks, local area banks, payment banks, and regional rural banks. Meanwhile, the combined net profit of all scheduled commercial banks (SCBs) grew 14.8% year-on-year to Rs 4.01 lakh crore during FY25, with the return on assets (RoA) at 1.4% and return on equity (RoE) at 13.5%.

The CNX Nifty is currently trading at 24015.60, down by 246.00 points or 1.01% after trading in a range of 23971.60 and 24299.00. There were 16 stocks advancing against 34 stocks declining on the index.

The top gainers on Nifty were JIO Financial up by 1.86%, Coal India up by 1.84%, NTPC up by 1.42%, Adani Ports up by 1.33% and Wipro up by 1.32%. On the flip side, Bajaj Finance down by 3.89%, Mahindra & Mahindra down by 3.10%, Axis Bank down by 2.84%, Bajaj Finserv down by 2.79% and Bharti Airtel down by 2.40% were the top losers.

Asian markets were trading mixed; Taiwan Weighted added 1342.32 points or 3.93% to 34,114.19, Nikkei 225 surged 686.61 points or 1.25% to 54,935.00, KOSPI increased 77.36 points or 1.38% to 5,609.95 and Shanghai Composite was up by 10.29 points or 0.25% to 4,133.43. On the flip side, Straits Times fell 3.23 points or 0.07% to 4,857.41, Jakarta Composite plunged 33.86 points or 0.46% to 7,407.05 and Hang Seng was down by 51.9 points or 0.2% to 25,908.00.
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