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Key indices add losses in morning deals
Apr-30-2026

Indian equity benchmarks extended their losses in morning deals, amid a sharp spike in crude oil prices, weak global trends and foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,468.42 crore on Wednesday, according to exchange data. Traders remained cautious as the Asian Development Bank (ADB) has downgraded its 2026 economic growth outlook to 4.7 per cent from 5.1 per cent earlier for Asia and the Pacific, as prolonged West Asia disruptions are fuelling energy prices and tightening financial conditions across the region. Sector-wise, airline stocks remained in watch as the Directorate General of Civil Aviation (DGCA) in its data showed Indian airlines carried more than 4.37 crore passengers on domestic routes in the first three months of 2026, marking a marginal increase over the year-ago period. On the global front, Asian markets were trading mostly in red as Brent crude prices topped $120 a barrel on rising uncertainty over the war in the Middle East, fueling inflation and interest-rate concerns. 

The BSE Sensex is currently trading at 76393.46, down by 1102.90 points or 1.42% after trading in a range of 76340.21 and 77014.21. There were 3 stocks advancing against 27 stocks declining on the index.

The top losing sectoral indices on the BSE were Realty down by 2.39%, Metal down by 2.31%, Auto down by 2.29%, Consumer Discretionary down by 2.10% and Basic Materials down by 1.98%, while there was no gaining sectoral indices on the BSE. 

The top gainers on the Sensex were Bajaj Finance up by 1.94%, Tech Mahindra up by 0.45% and Infosys up by 0.39%. On the flip side, Eternal down by 3.72%, Interglobe Aviation down by 3.68%, Mahindra & Mahindra down by 3.17%, Axis Bank down by 2.72% and Bharat Electronics down by 2.71% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that despite the continuing tensions in West Asia, the country's exports have shown a healthy increase during the first-three weeks of April so far. Moreover, he stated that free trade agreements finalised by India would provide a major boost to the domestic industry.

He mentioned ‘There is an increase in exports during the first three weeks of April as compared to the same period of last April… Despite the war in West Asia, there is tremendous enthusiasm among domestic exporters.’ On exports to West Asia, he noted that consignments are taking alternative routes because the Strait of Hormuz is still a challenge.

Besides, talking about the progress of trade pact talks with the US, he said ‘We had very good discussions, I think, about a week ago. Our team is back, and we continue to engage.’ He stated the government has concluded several agreements with countries such as UAE, UK, EU, four European nation bloc EFTA (European Free Trade Association), Australia, Mauritius, and Oman. he added ‘Another 12 are on the anvil.’ Moreover, he said India is negotiating a trade agreement with Israel, Gulf Cooperation Council, and Canada.

The CNX Nifty is currently trading at 23827.60, down by 350.05 points or 1.45% after trading in a range of 23800.65 and 24019.15. There were 5 stocks advancing against 45 stocks declining on the index.

The top gainers on Nifty were Bajaj Finance up by 2.00%, Coal India up by 0.52%, Tech Mahindra up by 0.45%, Infosys up by 0.27% and Wipro up by 0.07%. On the flip side, Interglobe Aviation down by 3.74%, Eternal down by 3.70%, Adani Enterprises down by 3.59%, Mahindra & Mahindra down by 3.13% and Shriram Finance down by 2.98% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 752.46 points or 1.26% to 59,165.00, Taiwan Weighted lost 98.17 points or 0.25% to 39,205.33, Jakarta Composite plunged 171.83 points or 2.42% to 6,929.40, Shanghai Composite weakened 1.48 points or 0.04% to 4,106.03, KOSPI dropped 65.33 points or 0.98% to 6,625.57 and Hang Seng declined 390.84 points or 1.5% to 25,721.00.

On the flip side, Straits Times rose 36.57 points or 0.75% to 4,897.54.
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