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Indices trade marginally higher in late morning deals
Sep-25-2026

Domestic equity indices traded above the neutral lines in late morning deals as crude oil prices fell amid optimism over a potential diplomatic solution to the Iran conflict. There were encouragements in markets as 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.

Both Sensex and Nifty were trading marginally higher amid buying in stocks of HDFC Bank, HCL Technologies, Axis Bank and Reliance Industries. On the BSE sectoral front, traders were seen building positions in Realty, Consumer Durables, Auto, Bankex and Industrials, while selling pressure was witnessed in Healthcare, Oil & Gas, IT, Utilities and FMCG. On the global front, Asian markets were trading mixed as the continued surge in U.S. bond yields raised concerns about inflation risk and interest rate hikes.

The BSE Sensex is currently trading at 73709.83, up by 129.29 points or 0.18% after trading in a range of 73477.77 and 73800.94. There were 20 stocks advancing against 10 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 0.92%, Consumer Durables up by 0.60%, Auto up by 0.37%, Bankex up by 0.24% and Industrials up by 0.12%, while Healthcare down by 0.43%, Oil & Gas down by 0.29%, IT down by 0.19%, Utilities down by 0.13% and FMCG down by 0.12% were the top losing indices on BSE.

The top gainers on the Sensex were Axis Bank up by 2.04%, HCL Technologies up by 1.35%, Asian Paints up by 1.31%, Mahindra & Mahindra up by 0.97% and Adani Ports up by 0.62%. On the flip side, Infosys down by 0.81%, Eternal down by 0.76%, Bharat Electronics down by 0.47%, Hindustan Unilever down by 0.46% and Bajaj Finserv down by 0.44% were the top losers.

Meanwhile, Crisil Ratings in its latest report has said that India's pharmaceutical sector revenue is likely to grow 11-13 per cent in the current fiscal year (FY27) as compared to 8 per cent a year earlier, driven by exports push and steady domestic demand. However, it warned that this higher revenue growth is unlikely to flow through fully to earnings, as inflation in raw material, energy and freight costs is expected to compress operating margins by 150-200 basis points (bps) to 21-21.5 per cent. The findings are based on analysing the performance trends of nearly 190 pharmaceutical companies rated by Crisil that account for about half of the sector’s revenue last fiscal year.  

Despite projecting some margin compression, the agency expects strong cash generation, liquidity, and healthy balance sheets to keep the sector's credit profiles resilient. Debt-to-EBITDA for Crisil-rated companies is projected to remain around 1.2 times, while interest coverage is expected to stay close to 10 times this fiscal year. It expects pharmaceutical exports to grow 14-16 per cent in rupee terms during the fiscal, which will be the primary driver of revenue. It noted that the formulations account for about 83 per cent of overseas sales, with 57 per cent shipped to regulated markets and the remainder to semi-regulated markets. 

The report further said the domestic pharmaceutical market will act as a solid second engine of growth, expanding 9-11 per cent this fiscal year. This will be supported by chronic therapies, annual price revisions of 5-6 per cent, and a recovery in volume growth to 4-5 per cent, compared to roughly 2 per cent in each of the past two fiscal years. The volume uptick will be aided by new product launches, higher prescription demand, and deeper penetration into tier-2 and tier-3 markets.

The CNX Nifty is currently trading at 23077.10, up by 14.00 points or 0.06% after trading in a range of 23030.00 and 23121.60. There were 27 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Axis Bank up by 1.81%, Asian Paints up by 1.34%, HCL Technologies up by 1.19%, Mahindra & Mahindra up by 0.70% and Adani Enterprises up by 0.69%. On the flip side, Max Healthcare down by 2.23%, Tata MotorsPassenger down by 1.53%, ONGC down by 1.41%, Infosys down by 1.34% and Eternal down by 0.69% were the top losers.

Asian markets were trading mixed; Nikkei 225 surged 811.01 points or 1.22% to 66,325.00 and Straits Times rose 12.45 points or 0.22% to 5,695.82. However, Jakarta Composite plunged 34.88 points or 0.56% to 6,263.73 and Hang Seng declined 425.13 points or 1.75% to 24,336.00.
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