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Markets garner more gains in late trade
Sep-18-2026

Benchmarks managed to garner more gains in late trade as crude oil continued to ease. The Brent crude oil prices have declined by $2 to trade below $103 a barrel. Further, investors remained optimistic after Moody’s Ratings sharply raised India’s GDP growth forecast for the FY27 to 7% from its earlier estimate of 6%, citing the country's resilience to global shocks arising from the conflict in the Middle East. However, persistent fund outflow from foreign institutional investors (FII) kept risk appetite subdued. FIIs were the net sellers on Thursday’s session, offloading securities worth Rs 3,208.76 crore.

On the global front, Asian equity markets were trading mostly in green tracking positive cues from Wall Street overnight. European equity markets were trading lower amid concerns over high inflation.

The BSE Sensex is currently trading at 74678.05, up by 363.46 points or 0.49% after trading in a range of 74375.07 and 74692.18. There were 15 stocks advancing against 15 stocks declining on the index.

The top gaining sectoral indices on the BSE were Industrials up by 1.73%, Capital Goods up by 1.70%, Realty up by 1.67%, Oil & Gas up by 1.38% and Power up by 1.21%, while IT down by 1.30%, TECK down by 0.61%, Consumer Durables down by 0.22% and FMCG down by 0.04% were the few losing indices on BSE.

The top gainers on the Sensex were HDFC Bank up by 2.48%, Adani Ports & SEZ up by 2.41%, Interglobe Aviation up by 1.85%, Ultratech Cement up by 1.37% and Bajaj Finance up by 1.28%. On the flip side, TCS down by 3.67%, Maruti Suzuki India down by 1.78%, Tech Mahindra down by 1.20%, Infosys down by 1.15% and HCL Technologies down by 0.83% were the top losers.

Meanwhile, Moody’s Ratings has sharply raised India’s Gross Domestic Product (GDP) growth forecast for the current fiscal (FY27) to 7% from its earlier estimate of 6%, citing the country's resilience to global shocks arising from the conflict in the Middle East. However, it warned that high energy prices and El Nino-related food price pressures pose risks ‌to inflation, consumption and growth. In its periodic review of India’s ‘Baa3’ sovereign rating, Moody’s expects debt reduction to remain gradual and debt affordability to stay weaker, reflecting India’s high debt burden and elevated interest cost structure.  

Moody’s said India’s economy expanded to 8.2% year on year in the first six months of calendar year (CY) 2026, up from 7.3% for the full year in CY 2025, supported by stronger private consumption, robust gross fixed capital formation that reflects continued public infrastructure spending and a likely revival of private sector investment, and sustained strength in the services sector. It expects India to continue growing faster than other G20 economies and similarly rated emerging-market sovereigns, although it flagged several risks to the outlook.

It said ‘looking ahead, in the absence of an enduring resolution to the conflict in the Middle East, elevated energy prices could push annual average inflation beyond our projection of 4.8% for fiscal 2026-27, which is already significantly higher than the 2.4% outturn in fiscal 2025-26, while El Nino-related disruptions could increase food price pressures, weighing on private consumption and economic activity.’ It noted that while the increased diversification of India’s crude import sources, sizeable foreign exchange reserves and strong domestic demand provide important buffers, higher energy and fertilizer import costs, softer external demand and weaker remittance inflows from the Middle East could widen the current account deficit and weigh on growth momentum more broadly.

The CNX Nifty is currently trading at 23366.50, up by 95.90 points or 0.41% after trading in a range of 23286.60 and 23376.25. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were HDFC Bank up by 2.66%, Adani Ports & SEZ up by 2.31%, Adani Enterprises up by 2.21%, Interglobe Aviation up by 2.17% and Ultratech Cement up by 2.10%. On the flip side, TCS down by 3.52%, Tata Motors Passenger Vehicles down by 3.05%, Wipro down by 1.65%, Coal India down by 1.47% and Infosys down by 1.37% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 914.75 points or 1.41% to 65,051.00, Taiwan Weighted added 892.75 points or 1.89% to 47,180.75, Hang Seng advanced 131.71 points or 0.53% to 24,736.00, KOSPI increased 178.82 points or 2.59% to 6,894.23 and Shanghai Composite strengthened 36.27 points or 0.93% to 3,911.87, while Straits Times fell 17.88 points or 0.32% to 5,642.64 and Jakarta Composite plunged 35.83 points or 0.56% to 6,426.60.

European equity markets were trading lower; UK’s FTSE 100 decreased 58.61 points or 0.54% to 10,757.53, France’s CAC fell 54.73 points or 0.67% to 8,132.20 and Germany’s DAX lost 90.61 points or 0.35% to 25,626.10.
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