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Key gauges remain in red in morning deals
Sep-08-2026

Indian equity benchmarks continued to trade lower in morning deals amid rising crude oil prices as concerns over an extended Middle East conflict intensified after Iran warned of retaliatory action against any fresh US strikes on its assets, raising fears of potential supply disruptions. Traders overlooked the Confederation of Indian Industry (CII) stating that India Inc is optimistic about the second quarter of FY27 as disruptions from the West Asia crisis ease gradually and economic momentum is expected to sustain, with the CII Business Confidence Index for Q2 rising to 66.0 from 60.8 in the preceding quarter, signalling broad-based improvement in business expectations.

Both Sensex and Nifty remained in red during morning deals, pressured by selling in Realty, Auto and Oil & Gas stocks. However, gains in Capital Goods and Industrials stocks helped cushion the decline. Meanwhile, exchange data showed Foreign Institutional Investors (FIIs) turned net buyers on September 7, 2026, purchasing equities worth Rs 280.13 crore. On the global front: Asian markets were trading mixed as traders remain concerned about the Middle East conflict and the spike in crude oil prices which is heightening inflation and economic growth concerns.  

The BSE Sensex is currently trading at 75723.28, down by 409.53 points or 0.54% after trading in a range of 75697.02 and 76012.11. There were 6 stocks advancing against 24 stocks declining on the index.

The top gaining sectoral indices on the BSE were Capital Goods up by 1.45%, Industrials up by 0.61%, Metal up by 0.53%, Basic Materials up by 0.38% and Power up by 0.35%, while Realty down by 0.82%, Auto down by 0.62%, Oil & Gas down by 0.59%, Utilities down by 0.50% and Energy down by 0.49% were the losing indices on BSE. 

The top gainers on the Sensex were Bharat Electronics up by 2.37%, Eternal up by 0.78%, Adani Ports &SEZ up by 0.61%, Hindustan Unilever up by 0.13% and Infosys up by 0.06%. On the flip side, Mahindra & Mahindra down by 1.49%, ICICI Bank down by 1.12%, Trent down by 1.10%, Bharti Airtel down by 1.10% and Ultratech Cement down by 1.02% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has pitched for the development of high-quality medical devices for global customers, stating that the government is willing to provide 100 per cent funding for the purchase of testing equipment. He said domestic firms should bring technology partnerships, encourage joint ventures, and invite global innovators and large pharma companies to India. 

He stated 'We must develop a critical component ecosystem by strengthening our domestic capabilities with high quality. We must create shared testing infra facilities where these equipment can be tested, benchmarked to the best in the world, certify and demonstrated to global customers. From BIS (Bureau of Indian Standards), we are willing to support 100 per cent cost of the best testing equipment for your equipment...100 per cent government of India will fund the acquisition of testing equipment...demand from us, there is no proposal from you. And we'll set up the most modern labs.’

Moreover, he called for improving design, copyrights, patent laws, and the IPR (intellectual property right) ecosystem so that internationally people look up to come to India and India can become a global hub of innovation because the country has a huge cost advantage. He added ‘We must bring technology partnerships, we must have better buyer and seller relationship, we must encourage joint venture...We must co-design, and co-develop licence wherever required...look for joint R&D centres with other countries.’

The CNX Nifty is currently trading at 23671.85, down by 107.30 points or 0.45% after trading in a range of 23657.15 and 23758.95. There were 18 stocks advancing against 32 stocks declining on the index.

The top gainers on Nifty were Bharat Electronics up by 2.48%, Hindalco Industries up by 1.76%, HDFC Life Insurance up by 1.46%, Hindustan Unilever up by 0.77% and JSW Steel up by 0.77%. On the flip side, ICICI Bank down by 1.22%, Bharti Airtel down by 1.19%, Mahindra & Mahindra down by 1.17%, Power Grid down by 1.11% and Axis Bank down by 1.07% were the top losers.

Asian markets were trading mixed; Nikkei 225 slipped 172.84 points or 0.26% to 66,227.00, Taiwan Weighted lost 112.03 points or 0.24% to 47,214.24, Hang Seng declined 113.12 points or 0.45% to 25,300.00 and Straits Times fell 32.83 points or 0.57% to 5,759.45.

On the flip side, Jakarta Composite gained 55.28 points or 0.84% to 6,674.95, Shanghai Composite strengthened 8.18 points or 0.21% to 3,940.88 and KOSPI increased 84.78 points or 1.21% to 7,080.17.
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