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Key gauges remain in green in morning deals
Apr-16-2026

Indian equity benchmarks continued to trade in green in morning deals, as renewed optimism surrounding the progress in restarting US-Iran negotiations has helped ease immediate geopolitical concerns and driven by lower crude oil prices. A positive trend in global markets and fresh foreign fund inflows also added to markets' optimism. Foreign Institutional Investors (FIIs) bought equities worth Rs 666.15 crore on Wednesday, according to exchange data. Traders took support with Commerce Secretary Rajesh Agrawal’s statement that India and the UK Free Trade agreement (FTA), signed in July last year, is likely to come into force from May. India and the UK signed the Comprehensive Economic and Trade Agreement (CETA), under which 99 per cent of Indian exports will enter the British market at zero duty, while tariffs on British products, such as cars and whisky, will be reduced in India. Separately, India and Germany have decided to shore up their cooperation in areas of defence, green hydrogen, renewable energy and critical and emerging technologies amid increasing geopolitical upheavals such as the West Asia crisis. On the global front, Asian markets were trading mostly in green, tracking overnight gains on Wall Street as optimism around a potential US-Iran ceasefire and robust corporate earnings buoyed sentiment.  

The BSE Sensex is currently trading at 78405.81, up by 294.57 points or 0.38% after trading in a range of 78222.38 and 78730.32. There were 23 stocks advancing against 7 stocks declining on the index.

The top gaining sectoral indices on the BSE were Metal up by 1.59%, Basic Materials up by 1.03%, Utilities up by 1.01%, Industrials up by 0.97% and PSU up by 0.87%, while Telecom down by 0.61%, Auto down by 0.15%, Realty down by 0.12% and Energy down by 0.06% were the top losing indices on BSE.

The top gainers on the Sensex were Bajaj Finance up by 1.97%, Larsen & Toubro up by 1.54%, Bharat Electronics up by 1.42%, Tata Steel up by 1.34% and Bajaj Finserv up by 1.34%. On the flip side, Bharti Airtel down by 0.77%, HCL Technologies down by 0.73%, Reliance Industries down by 0.59%, Mahindra & Mahindra down by 0.50% and Axis Bank down by 0.45% were the top losers.

Meanwhile, Crisil Ratings has said that non-banking finance companies' (NBFCs) reliance on bank borrowings is expected to rise in current financial year (FY27) as interest rates decline. It stated the share of bank borrowings, boosted to 43% by increased activity in the second half of the previous financial year (H2FY26), will inch up further to up to 45 per cent by the end of the current year.

It attributed the shift in preference to lower interest rates in the bank lending market, which are likely to result in a tapering of debt capital market issuances. It noted ‘While bank lending rates continued to decline throughout last fiscal, bond yields, after declining in the first half, inched up in the second half and remain elevated.’

Moreover, it said the share of external commercial borrowing (ECB) issuances is expected to remain subdued in the near term due to geopolitical uncertainties and the resulting exchange rate volatility. It added that in such a scenario, securitisation may provide some support to resource raising for NBFCs.

The CNX Nifty is currently trading at 24312.70, up by 81.40 points or 0.34% after trading in a range of 24264.40 and 24400.95. There were 32 stocks advancing against 18 stocks declining on the index.

The top gainers on Nifty were Hindalco up by 2.41%, Adani Enterprises up by 2.01%, Bajaj Finance up by 1.69%, Larsen & Toubro up by 1.49% and Bharat Electronics up by 1.40%. On the flip side, ONGC down by 0.96%, Bharti Airtel down by 0.81%, Axis Bank down by 0.77%, Eicher Motors down by 0.69% and Bajaj Auto down by 0.68% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 1355.76 points or 2.28% to 59,490.00, Taiwan Weighted added 341.75 points or 0.92% to 37,063.89, Jakarta Composite plunged 24.35 points or 0.32% to 7,599.24, Shanghai Composite strengthened 9.77 points or 0.24% to 4,036.98, KOSPI increased 98.48 points or 1.59% to 6,189.87 and Hang Seng advanced 349.68 points or 1.35% to 26,297.00, while Straits Times fell 0.97 points or 0.02% to 5,020.23. 
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