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Key gauges remain in red in morning deals
Apr-09-2026

Indian equity benchmarks trimmed some losses but continued to trade lower in morning deals, amid fresh tensions in West Asia, igniting concerns over a potential ceasefire breach. Traders remained cautious as exchange data showed Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,811.97 crore on Wednesday. Traders adopted a wait-and-watch approach ahead of the kick start of earnings season, with IT bellwether Tata Consultancy Services (TCS) to come out with its result later in the day. Meanwhile, rating agency Crisil in its latest report has said that securitisation deals in India increased 9 per cent to hit the highest level of Rs 2.55 lakh crore in FY26. The January-March 2026 quarter (Q4 FY26) alone saw notable 20 per cent year-on-year surge in activity to take the overall transactions to Rs 65,000 crore. Sector-wise, fertilizer stocks remained in watch as the government approved a Rs 41,534 crore subsidy for Phosphatic and Potassic (P&K) fertilizers for the upcoming 2025-26 kharif season, up by 12 per cent from the year-ago period. On the global front, Asian markets were trading lower after Iran accused the US of violating the terms of the two-week ceasefire agreement reached a day before. 

The BSE Sensex is currently trading at 76995.54, down by 567.36 points or 0.73% after trading in a range of 76624.35 and 77429.33. There were 8 stocks advancing against 22 stocks declining on the index.

The top gaining sectoral indices on the BSE were Metal up by 1.38%, Capital Goods up by 1.35%, PSU up by 1.03%, Power up by 1.01% and Utilities up by 0.83%, while IT down by 1.02%, TECK down by 0.88%, Consumer Durables down by 0.72%, Realty down by 0.58% and Auto down by 0.56% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 2.17%, NTPC up by 1.78%, Power Grid Corporation up by 1.46%, Tata Steel up by 0.98% and ITC up by 0.36%. On the flip side, Infosys down by 1.95%, Larsen & Toubro down by 1.87%, Mahindra & Mahindra down by 1.76%, Interglobe Aviation down by 1.67% and Eternal down by 1.60% were the top losers.

Meanwhile, in order to enhance bilateral trade, Commerce and Industry Minister Piyush Goyal has urged exporters and businesses in both India and the US to make greater use of the India-US trade facilitation portal. Moreover, Goyal said the bilateral trade is growing towards $500 billion, an ambitious target set by both sides.

He stated ‘I urge all members of industry bodies, export promotion councils, and chambers from across India and the US to connect, make this portal part of your business and help turn it into a powerful engine for India-US trade.’ 

According to him, the portal acts as a ‘runway’ to the USA for domestic services exporters, and it will also provide opportunities across businesses, from a farmer in Punjab to a jeweller in Surat and a software expert in Bengaluru to pharma firms in Telangana. Besides, Foreign Secretary Vikram Misri launched the India-US trade facilitation portal on April 08, 2026. Misri stated ‘It will serve as a bridge ensuring continuity and ensuring that existing supply chains are reinforced, and at the same time will enable new commercial linkages to emerge and grow.’

The CNX Nifty is currently trading at 23858.45, down by 138.90 points or 0.58% after trading in a range of 23759.45 and 23990.75. There were 21 stocks advancing against 29 stocks declining on the index.

The top gainers on Nifty were Hindalco up by 3.62%, Bharat Electronics up by 2.05%, NTPC up by 1.80%, Power Grid Corporation up by 1.54% and Coal India up by 1.42%. On the flip side, Infosys down by 1.95%, Larsen & Toubro down by 1.84%, Mahindra & Mahindra down by 1.81%, Eternal down by 1.64% and Interglobe Aviation down by 1.64% were the top losers.

All Asian markets were trading lower; Nikkei 225 slipped 455.42 points or 0.81% to 55,853.00 , Taiwan Weighted lost 10.22 points or 0.03% to 34,751.16, Jakarta Composite plunged 11.18 points or 0.15% to 7,268.03, Shanghai Composite weakened 33.43 points or 0.84% to 3,961.57, KOSPI dropped 109.59 points or 1.87% to 5,762.75, Hang Seng declined 84.02 points or 0.32% to 25,809.00 and Straits Times fell 18.71 points or 0.37% to 4,977.34.
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