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Markets trim most of opening gains to trade flat in early deals
Sep-16-2026

Indian equity benchmarks made a positive start on Wednesday tracking firm cues from Asian counterparts. Investors were waiting for the U.S. Federal Reserve’s interest-rate decision, while global bond yields remained steady. Soon, markets trimmed most of their opening gains and were trading flat with positive bias in early deals amid foreign fund outflows. Foreign institutional investors (FIIs) continued their selling spree, offloading equities worth Rs 2,977.86 crore on September 15. Some cautiousness came as RBI data showed that India's current account deficit widened to $7 billion in July from $3.2 billion a year ago. However, downside remained capped as the government data showed that India’s exports increased by 26.12 per cent to $43.81 billion in August, and the trade deficit narrowed to $26.86 billion.

On the global front, Asian markets were trading higher as investors prepare for an expected interest rate hike by the Federal Reserve later in the day. Some support came from a dip in oil prices following their recent run-up. Meanwhile, Japan's imports surged 28% year-on-year to JPY 11,153.9 billion in August 2026, following a marginally revised 27.9% rise in July

The BSE Sensex is currently trading at 74018.00, up by 14.18 points or 0.02% after trading in a range of 74015.09 and 74505.86. There were 16 stocks advancing against 14 stocks declining on the index.

The only gaining sectoral indices on the BSE were FMCG up by 0.29% and Bankex up by 0.03%, while Industrials down by 1.76%, Telecom down by 1.69%, Capital Goods down by 1.54%, Healthcare down by 1.36% and Power down by 1.13% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.32%, ITC up by 1.05%, Reliance Industries up by 1.02%, Hindustan Unilever up by 0.93% and State Bank of India up by 0.78%. On the flip side, Interglobe Aviation down by 1.44%, Eternal down by 1.24%, TCS down by 0.98%, Tata Steel down by 0.95% and NTPC down by 0.79% were the top losers.

Meanwhile, amid renewed geopolitical tensions, elevated crude oil prices and hardening global bond yields, Chief Economic Adviser (CEA) V Anantha Nageswaran has said that the Indian economy is more likely to remain resilient than become vulnerable. He said strong bank credit growth, robust GST collections and healthy corporate and banking sector balance sheets are providing resilience to the Indian economy. He noted that India had successfully sailed through the geopolitical tensions between February and July and clocked GDP growth of 7.8 per cent in April-June. At the same time, he said the government had stayed on its path of fiscal prudence and stability. 

He said that while there were concerns that India's fiscal deficit could rise to as much as 5 per cent in 2026-27, the fall in oil and fertiliser prices, along with a sharp improvement in government revenues, gave the Centre confidence that the fiscal deficit could be closer to 4.3 per cent in FY27. Highlighting the country's recent sovereign rating upgrade to A- and the mobilisation of $137 billion through foreign exchange deposit swaps and external commercial borrowings, he said India has entered the current phase of uncertainty from a position of strength. He also cited high-frequency indicators such as vehicle sales, e-way bill generation and export growth as evidence of sustained economic momentum.

On the role of the private sector, Nageswaran said companies would have to step up investments, hiring, employee compensation and research and development. He said 'The private sector must invest, must hire and must compensate fairly and also invest in R&D because the next 20 years is going to be very different from the last 80 years post World War II.' However, he said policy support alone would not be sufficient to drive economic growth. He reaffirmed that the government would remain growth-supportive, maintain macroeconomic stability, and pursue deregulation and ease of doing business for both small and large enterprises.

The CNX Nifty is currently trading at 23120.95, up by 2.35 points or 0.01% after trading in a range of 23120.95 and 23281.15. There were 18 stocks advancing against 31 stocks declining, while 1 stock remain unchanged on the index.

The top gainers on Nifty were Tata Consumer Products up by 1.37%, Mahindra & Mahindra up by 1.33%, Nestle India up by 1.27%, Reliance Industries up by 1.04% and State Bank of India up by 0.93%. On the flip side, Interglobe Aviation down by 1.29%, TCS down by 1.22%, Eternal down by 1.17%, Tata Steel down by 1.15% and Dr. Reddy's Lab down by 0.78% were the top losers.

All Asian markets were trading higher; Taiwan Weighted jumped 537.8 points or 1.18% to 46,049.29, Nikkei 225 surged 310.9 points or 0.49% to 63,795.00, KOSPI strengthened 79.12 points or 1.19% to 6,706.38, Jakarta Composite gained 38.46 points or 0.60% to 6,499.61, Hang Seng advanced 25.76 points or 0.1% to 24,693.00, Shanghai Composite increased 22.2 points or 0.57% to 3,886.48 and Straits Times was up by 0.92 points or 0.02% to 5,648.53.
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