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Sensex, Nifty trade tad higher in early deals
Sep-22-2026

Indian equity benchmarks made a positive start on Tuesday supported by easing crude oil prices, softer US bond yields and positive global market cues. Sentiment improved on hopes of a possible meeting between US President Donald Trump and Iranian President Masoud Pezeshkian, who is expected to be in New York this week for the UN General Assembly. But soon markets turned volatile as continued foreign selling and geopolitical tensions kept gains in check. Foreign institutional investors (FIIs) turned net sellers on Monday, offloading equities worth Rs 576.20 crore.

Sensex and Nifty were trading marginally higher in early deals on account of value buying. However, gains remained capped due to selling pressure in IT and Teck counters. Traders were cautious as the latest government data showed that production growth of nine key infrastructure sectors slowed down to 4.8 per cent in August due to a fall in the output of coal, natural gas, crude oil, and fertilizer.

On the global front, Asian markets were trading mostly higher tracking a strong overnight rally on Wall Street, as gains in technology stocks and easing crude oil prices supported investor sentiment. Markets were also watching a high-level meeting between Trump and Chinese President Xi Jinping later this week. Japan’s markets remained closed for a public holiday.

The BSE Sensex is currently trading at 74976.43, up by 117.44 points or 0.16% after trading in a range of 74850.27 and 75038.93. There were 18 stocks advancing against 11 stocks declining, while 1 stock remain unchanged on the index.

The top gaining sectoral indices on the BSE were Telecom up by 0.80%, Realty up by 0.75%, Industrials up by 0.68%, Capital Goods up by 0.67% and Power up by 0.64%, while IT down by 0.69%, TECK down by 0.57% and FMCG down by 0.20% were the few losing indices on BSE.

The top gainers on the Sensex were HDFC Bank up by 1.04%, Eternal up by 0.90%, Adani Ports & SEZ up by 0.85%, Maruti Suzuki India up by 0.72% and Interglobe Aviation up by 0.62%. On the flip side, HCL Technologies down by 1.99%, Infosys down by 0.92%, Tech Mahindra down by 0.90%, TCS down by 0.50% and Ultratech Cement down by 0.45% were the top losers.

Meanwhile, with an aim to fast-track process of trade agreement, Commerce and Industry Minister Piyush Goyal has said that the negotiations for a Comprehensive Economic Partnership Agreement (CEPA) between India and Canada are progressing and the next round of talks will be held from October 5, 2026. The fourth round of negotiations concluded on September 18, 2026. Canada's International Trade Minister Maninder Sidhu was in Mumbai last week to hold talks with Goyal. The talks are moving at a faster pace as both the countries are targeting to conclude the negotiations by end of this year.

India's major exports to Canada include pharmaceuticals, iron and steel, seafood, cotton garments, electronic goods and chemicals. Key imports from Canada include pulses, pearls and semi-precious stones, coal, fertilisers, paper and crude petroleum. India's services exports to Canada are led by telecommunications, computer and information services, and other business services. Two-way trade reached $30.4 billion in 2025 and the target is double that to $70 billion by 2030.

On India-EU trade pact, Goyal said it is expected to come into force in the coming months. He said the pact is likely to be ratified by the EU parliament in the next three months or so and is likely to come in to effect within the next six-seven months. On the India-Chile trade agreement, he said Commerce Secretary Rajesh Agarwal recently visited Chile to review the progress of talks. He added “I believe in the coming few months, we will hear some good news”.

The CNX Nifty is currently trading at 23456.00, up by 41.70 points or 0.18% after trading in a range of 23425.70 and 23489.00. There were 29 stocks advancing against 21 stocks declining on the index.

The top gainers on Nifty were Coal India up by 2.29%, Dr. Reddy's Labs. up by 1.64%, JIO Financial Services up by 1.32%, Adani Enterprises up by 1.28% and HDFC Bank up by 1.12%. On the flip side, HCL Technologies down by 1.97%, Tech Mahindra down by 0.92%, Infosys down by 0.81%, Max Healthcare down by 0.74% and ONGC down by 0.65% were the top losers.

Asian markets were trading mostly in green; Taiwan Weighted jumped 354.04 points or 0.74% to 48,072.88, KOSPI surged 89.57 points or 1.28% to 7,097.29, Hang Seng advanced 78.29 points or 0.31% to 25,121.00, Shanghai Composite strengthened 8.73 points or 0.22% to 3,958.64 and Straits Times was up by 1.78 points or 0.03% to 5,700.67, while Jakarta Composite slipped 99.08 points or 1.55% to 6,285.65.
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