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Key gauges trade mixed in morning deals
Aug-05-2026

Indian equity benchmarks were trading mixed in morning deals after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) held its benchmark repo rate at 5.25 per cent and maintained policy stance at 'neutral' amid global uncertainty. Traders remained cautious as survey showed growth in India's dominant services sector slumped to its weakest pace in over four years in July as demand was weighed down by fierce competition and fading client appetite. HSBC's India Services Purchasing Managers' Index (PMI), compiled by ‌S&P Global, ⁠fell ⁠sharply to 53.3 in July from June's 57.4 but was slightly higher than a preliminary estimate of 53.1. However, traders took support with Finance Minister Nirmala Sitharaman’s statement that the Indian economy is on track to cross the $5-trillion mark in FY29, in line with projections by the International Monetary Fund (IMF), with the government pursuing a broad-based growth strategy to achieve the milestone. On the global front, Asian markets are trading mostly in green as crude oil prices slumped and global bond yields eased amid hopes for progress on opening the Strait of Hormuz. 

The BSE Sensex is currently trading at 78644.03, up by 215.08 points or 0.27% after trading in a range of 78609.84 and 79055.38. There were 20 stocks advancing against 10 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 2.28%, Auto up by 1.74%, Consumer Discretionary up by 1.16%, Industrials up by 0.82% and Metal up by 0.56%, while Healthcare down by 0.12% was the lone losing index on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.91%, Interglobe Aviation up by 1.87%, Trent up by 1.82%, NTPC up by 1.70% and State Bank of India up by 1.53%. On the flip side, Sun Pharma down by 1.09%, Bharat Electronics down by 0.52%, TCS down by 0.52%, Titan Company down by 0.51% and HCL Technologies down by 0.27% were the top losers.

Meanwhile, rating agency ICRA has said that India's hospitality industry is projected to record 7 to 9 per cent year-on-year revenue growth in the current financial year (FY27), following an estimated 11 per cent expansion in FY26. The projection is based on ICRA's analysis of 15 large premium hotel companies, which account for a majority of the sector's revenues.

According to ICRA, pan-India premium hotel occupancy is likely to remain at 72-74 per cent in FY27, in line with FY26 levels, while Average Room Rates (ARRs) for premium hotels are projected to increase to Rs 8,600-8,800 in FY27 from Rs 8,200-8,500 in FY26. ICRA's sample set is likely to report operating margins of 34-36 per cent in FY27, broadly similar to the 37 per cent reported in FY26. 

However, inflationary or operational pressure arising from the West Asia conflict, along with a potential weakening in travel sentiment if the situation persists, remain key downside risks. Foreign Tourist Arrivals (FTAs), comprising foreign nationals visiting India and excluding Non-Resident Indians (NRIs), have historically supported travel demand for the Indian hospitality industry.

Besides, Srikumar Krishnamurthy, Senior Vice President and Co-Group Head - Corporate Ratings, ICRA, said ‘The West Asia conflict resulted in airspace closures and some moderation in discretionary travel, weighing on FTAs to India. FTAs contracted by 9.1 per cent YoY during March-April 2026 and by 2.4 per cent YoY in 4 months of CY2026 (January-April). However, the impact on the Indian hospitality industry remained contained as demand is largely driven by domestic travellers’.

The CNX Nifty is currently trading at 24580.15, down by 34.75 points or 0.14% after trading in a range of 24562.20 and 24677.60. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Larsen & Toubro up by 1.60%, Shriram Finance up by 1.31%, HDFC Life Insurance up by 1.25%, NTPC up by 1.06% and Grasim Industries up by 0.98%. On the flip side, Apollo Hospital Ent. down by 1.90%, ITC down by 1.18%, Sun Pharma down by 1.18%, HCL Technologies down by 1.11% and TCS down by 0.97% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 2160.47 points or 3.38% to 66,118.00, Taiwan Weighted added 1231.55 points or 2.76% to 44,592.21, Jakarta Composite gained 43.41 points or 0.68% to 6,363.02, Shanghai Composite strengthened 46.81 points or 1.22% to 3,869.09 and KOSPI increased 270.13 points or 4.07% to 6,629.08.

On the flip side, Hang Seng declined 12.92 points or 0.05% to 25,840.00 and Straits Times fell 24.06 points or 0.43% to 5,588.19. 
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