HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Markets struggle for direction in early deals amid mixed global cues
Sep-25-2026

Indian equity benchmarks made flat-to-negative start on Friday tracking mixed global cues but soon markets turned volatile and were trading flat in early deals. Selling in IT, Utilities, Oil & Gas and TECK stocks weighted on markets. However, some respite came in as crude oil prices edged lower in early deals on Friday as investors weighed the possibility of a US-Iran truce against continuing geopolitical risks following Houthi attacks on Saudi Arabia.  

On the global front, Asian markets were trading mixed tracking a mixed close on Wall Street as a sharp rise in US Treasury yields kept investors cautious. US Treasury yields climbed to multi-year highs amid concerns that elevated energy prices could keep inflation under pressure. Besides, investors awaited details from talks between U.S. President Donald Trump and Chinese President Xi Jinping. Meanwhile, markets in China, South Korea and Taiwan remained closed on account of holiday.

The BSE Sensex is currently trading at 73583.26, up by 2.72 points after trading in a range of 73477.77 and 73800.94. There were 16 stocks advancing against 14 stocks declining on the index.

The top gaining sectoral indices on the BSE were Auto up by 0.38%, Industrials up by 0.35%, Consumer Durables up by 0.29%, Capital Goods up by 0.23% and Telecom up by 0.16%, while IT down by 0.65%, Utilities down by 0.45%, Oil & Gas down by 0.32%, TECK down by 0.28% and FMCG down by 0.10% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.16%, Asian Paints up by 0.97%, Axis Bank up by 0.74%, HCL Technologies up by 0.56% and Larsen & Toubro up by 0.51%. On the flip side, Infosys down by 0.96%, Bajaj Finserv down by 0.65%, Tech Mahindra down by 0.60%, NTPC down by 0.55% and TCS down by 0.53% were the top losers.

Meanwhile, expressing optimism over India’s growth prospects, Commerce Secretary Rajesh Agarwal has said that the new free trade agreements (FTAs) finalised by India in the last 5-6 years have been designed to provide comfort to long-term investors looking to invest in global supply chains in India. He added that predictability drives investments and the FTAs provide tariff predictability. He noted that these pacts also provide investors access to $60 trillion market sitting back in India. 

India has finalised trade pacts with the EU, UK, Oman, New Zealand, UAE, Australia and EFTA bloc. Under the trade pact with European Free Trade Association (EFTA), India has received a $100 billion FDI commitment over 15 years. New Zealand too has committed to invest $20 billion in India under the deal. He added this trade pacts help diversify exports basket. He said “When you diversify your export supply chain, your basket is wide enough, I think you are de-risking. So what this FTA does is to create an environment where our export supply chains can also get de-risked”.

He further said “an exporter today can access regions like Asean, and also countries like Australia and New Zealand”. The tariff arbitrage is helping diversify exports. He added “Since I am reaching the same product in ten markets, I am de-risking. So that is one way you can de-risk your exports, and that's important for exports to grow in a sustainable manner”.

The CNX Nifty is currently trading at 23052.60, down by 10.50 points or 0.05% after trading in a range of 23030.00 and 23121.60. There were 26 stocks advancing against 24 stocks declining on the index.

The top gainers on Nifty were Cipla up by 1.20%, Asian Paints up by 1.17%, Axis Bank up by 0.71%, Power Grid up by 0.71% and JSW Steel up by 0.61%. On the flip side, Infosys down by 1.63%, HDFC Life Insurance down by 1.41%, TCS down by 1.14%, SBI Life Insurance down by 1.12% and ONGC down by 1.00% were the top losers.

Asian markets were trading mixed; Nikkei 225 surged 676.01 points or 1.03% to 66,190.00 and Straits Times rose 10.71 points or 0.19% to 5,686.15. On the other hand, Hang Seng declined 480.13 points or 1.94% to 24,281.00 and Jakarta Composite was down by 14.76 points or 0.23% to 6,279.99.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.