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Bourses add losses in early afternoon session
Apr-09-2026

Indian markets added losses in early afternoon session following a weak cues from other Asian markets. Traders paid close attention towards Q4 earnings, with Tata Consultancy Services’ results, which is due later in a day, expected to set the tone for the IT sector. Investors were concerned over escalating geopolitical tensions. Traders took note of World Bank’s South Asia Economic Update April 2026 report, which has marginally raised India's growth projections for the fiscal year 2026-27 (FY27) by 30 basis points to 6.6% compared to its October 2025 forecast of 6.3%. It said although Goods and Services Tax (GST) rate cuts would boost consumer demands in the initial months of the fiscal, but headwinds from the Middle-East crisis could dent growth. On the global front, Asian markets were trading mostly in red after Iran accused the United States of violating elements of a two-week ceasefire agreement, raising concerns that tensions could escalate again and disrupt energy supplies.

The BSE Sensex is currently trading at 76928.47, down by 634.43 points or 0.82% 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 Capital Goods up by 1.96%, Power up by 1.48%, Metal up by 1.24%, Healthcare up by 1.08% and Utilities was up by 0.92%, while Bankex down by 0.99%, TECK down by 0.39%, Consumer Durables down by 0.30%, IT down by 0.28% and Oil & Gas was down by 0.11% were the top losing indices on BSE.

The top gainers on the Sensex were NTPC up by 2.24%, Bharat Electronics up by 2.18%, Power Grid up by 1.17%, TCS up by 1.07% and Tata Steel up by 0.98%. On the flip side, Interglobe Aviation down by 2.13%, Larsen & Toubro down by 2.05%, HDFC Bank down by 1.72%, ICICI Bank down by 1.66% and Infosys down by 1.57% were the top losers.

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. 

According to the report, this record-breaking performance was largely propelled by non-banking financial companies (NBFCs), which experienced a 30 per cent year-on-year increase in originations. In contrast, banks' contributions declined significantly, falling to only 3 per cent of the total value in FY26 as compared to 26 per cent in the previous fiscal year.   

It further said the overall securitisation market remains concentrated, with the top originators accounting for the majority share, although there has been some broad-based activity of late. The total number of originators increased from 175 in FY25 to over 190 in FY26, and the share of the top 20 originators fell from 71 per cent in FY25 to 65 per cent in FY26. 

The CNX Nifty is currently trading at 23869.50, down by 127.85 points or 0.53% after trading in a range of 23759.45 and 23990.75. There were 25 stocks advancing against 25 stocks declining on the index.

The top gainers on Nifty were Hindalco up by 3.10%, Bajaj Auto up by 2.31%, NTPC up by 2.27%, Bharat Electronics up by 2.21% and Dr. Reddy's Lab up by 1.90%. On the flip side, Interglobe Aviation down by 2.02%, Larsen & Toubro down by 1.93%, JIO Financial down by 1.69%, HDFC Bank down by 1.64% and ICICI Bank down by 1.60% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 258.42 points or 0.46% to 56,050.00, KOSPI dropped 94.33 points or 1.63% to 5,778.01, Hang Seng declined 48.02 points or 0.19% to 25,845.00, Shanghai Composite weakened 28.83 points or 0.73% to 3,966.17, Straits Times fell 11.45 points or 0.23% to 4,984.60 and Jakarta Composite was down by 10.69 points or 0.15% to 7,268.52. On the flip side, Taiwan Weighted was up by 99.78 points or 0.29% to 34,861.16.
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