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Markets stage recovery in late trade
Sep-11-2026

Benchmarks stage recovery in late afternoon session to trade just below the neutral lines as decline in crude oil prices offered some relief to the investors. Brent crude oil prices have retreated to trade near $104 amid International Energy Agency (IEA) estimating a decline of 2.5 million barrels per day in the global oil demand by 2026. However, surging bond yields and rising expectation of interest rate hike by US Federal Reserve weighed on markets risk sentiments. Further, persistent capital outflows from foreign institutional investors (FIIs) have made traders nervous. FIIs were the net sellers on Thursday’s session offloading securities worth Rs 438.24 crore. 

On the global front, Asian equity markets were trading mostly in red as stronger than expected US producer price inflation strengthened the expectation of interest rate hike by US Federal Reserve. European equity markets were trading higher amid fall in crude oil prices and data indicating U.K. economy expanded at a faster pace in July, driven by services and industrial production.

The BSE Sensex is currently trading at 74825.76, down by 76.83 points or 0.10% after trading in a range of 74160.16 and 74889.16. There were 11 stocks advancing against 19 stocks declining on the index.

The few gaining sectoral indices on the BSE were Telecom up by 1.23%, TECK up by 0.54%, IT up by 0.53% and Bankex up by 0.09%, while Realty down by 2.80%, Metal down by 2.09%, Basic Materials down by 1.52%, PSU down by 0.74% and Utilities down by 0.74% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 1.71%, Tech Mahindra up by 1.46%, ITC up by 0.77%, Infosys up by 0.70% and HDFC Bank up by 0.53%. On the flip side, Tata Steel down by 1.77%, Bajaj Finance down by 1.52%, Mahindra & Mahindra down by 1.35%, Reliance Industries down by 1.23% and Power Grid Corporation down by 1.18% were the top losers.

Meanwhile, Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal has said that India has charted course to emerge as a global hub for ship ownership, leasing and maritime finance. Addressing the India Ship Leasing and Financing Summit at the IFSC in GIFT City, the minister said the country was moving towards an integrated maritime ecosystem covering ship leasing, ownership, financing, insurance, brokering and related services.

Highlighting India's growing fleet footprint, Sonowal said India currently has 38 registered ship lessors, collectively leasing 43 vessels, taking total leasing capacity past 2.99 million DWT, of which 24 vessels now fly the Indian flag. He also noted that 41 domestic and international banks have set up in the IFSC, extending close to $60.1 million in funding to ship leasing entities, with DGMA's first regional office opening in GIFT City set to further strengthen this ecosystem for shipowners and operators. He outlined key reforms enabling Indian shipping to compete globally, including exemption from licensing requirements under the Coastal Shipping Act, 2025, for foreign vessels on charter, and permission for GIFT IFSC-based shipping companies to own foreign-flag vessels. 

He cited India's emergence as the world's largest ship recycling nation, its share of global tonnage rising from 30.1 per cent in 2024 to 35.4 per cent in 2025. He further cited government's financial commitments to the sector, including the Rs 25,000 crore Maritime Development Fund expected to catalyse investments of up to Rs 1.5 lakh crore by 2030, and the Shipbuilding Financial Assistance Scheme (SBFAS) 2.0, with a revised outlay of Rs 24,736 crore extended to 2036, both aimed at strengthening Indian shipyards and vessel ownership.

The CNX Nifty is currently trading at 23428.40, down by 49.40 points or 0.21% after trading in a range of 23231.40 and 23448.10. There were 17 stocks advancing against 33 stocks declining on the index.

The top gainers on Nifty were Dr. Reddy's Laboratories up by 2.52%, HDFC Bank up by 1.49%, Tech Mahindra up by 1.07%, HCL Technologies up by 0.94% and ITC up by 0.83%. On the flip side, Hindalco Industries down by 2.32%, JSW Steel down by 2.29%, Tata Steel down by 2.05%, Eicher Motors down by 1.46% and ONGC down by 1.34% were the top losers.

Asian equity markets were trading mostly in red; Nikkei 225 slipped 1365.95 points or 2.14% to 63,905.00, Taiwan Weighted lost 755.64 points or 1.64% to 46,184.85, Hang Seng declined 186.47 points or 0.75% to 24,768.00, KOSPI dropped 124.01 points or 1.79% to 6,909.91, Shanghai Composite weakened 46.29 points or 1.19% to 3,888.11 and Jakarta Composite plunged 79.67 points or 1.22% to 6,509.67, while Straits Times rose 3.32 points or 0.06% to 5,693.07.

European equity markets were trading higher; UK’s FTSE 100 increased 43.75 points or 0.41% to 10,652.67, France’s CAC rose 39.34 points or 0.48% to 8,156.10 and Germany’s DAX gained 135.15 points or 0.53% to 25,496.30.
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