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Weak trade persists in late afternoon session
Sep-29-2026

Indian equity markets continued to trade lower in late afternoon session as persistent geo-political tension along interest rate overhang have weighed on investor sentiments. Besides, market participants remained cautious as foreign institutional investor (FIIs) continued their selling spree. FIIs were the net sellers on Monday’s session, offloading securities worth Rs 5,353.22 crore. Further, traders stayed away from any risky bets ahead of weekly and monthly expiry of Nifty’s F&O contracts. They also overlooked the MoSPI data indicating that India’s industrial growth rose to 8.0% in the month of August 2026 (Base 2022-23=100) from a revised growth of 7.4% in July 2026 led by robust growth in manufacturing and electricity generation. 

On the global front, Asian equity markets were trading mostly in red tracking losses on Wall Street overnight. European equity markets were trading higher after Eurozone’s industrial confidence indicator rose to negative 3.8 in September 2026, beating market expectations of negative 4.7.

The BSE Sensex is currently trading at 72434.76, down by 336.96 points or 0.46% after trading in a range of 72064.00 and 72684.90. There were 8 stocks advancing against 22 stocks declining on the index.

The top gaining sectoral indices on the BSE were Telecom up by 1.82%, Healthcare up by 0.67%, Metal up by 0.59%, Industrials up by 0.27% and Utilities up by 0.22%, while Consumer Durables down by 1.46%, IT down by 1.35%, Realty down by 0.99%, Auto down by 0.71% and FMCG down by 0.68% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 1.21%, Adani Ports & SEZ up by 1.13%, Kotak Mahindra Bank up by 1.00%, Bharti Airtel up by 0.75% and Trent up by 0.31%. On the flip side, Titan Company down by 1.99%, HCL Technologies down by 1.97%, Infosys down by 1.94%, Eternal down by 1.59% and Bajaj Finance down by 1.56% were the top losers.

Meanwhile, Union Science and Technology Minister Dr Jitendra Singh has said that India-France Space Cooperation has entered new phase, with a renewed focus on human spaceflight, start-ups and the development of new space ecosystem. He made the remarks during a meeting with a high-level French delegation led by France's Minister for Higher Education, Research and Space, Philippe Baptiste, in New Delhi. 

Singh said the long-standing relationship between India and France offers significant opportunity to build a larger ecosystem by bringing together governments, research institutions, industries and start-ups, including through deeper engagement in the rapidly expanding space sector. The discussions covered the Space Summit, India-France Year of Innovation 2026 and priorities in scientific and technological cooperation, including Space, CEFIPRA and Blue Economy. He said the breadth of the delegation itself reflected the wide-ranging nature of India-France cooperation across different science domains.  

He said India-France space cooperation is as old as the two countries’ respective space agencies, with the partnership progressing from sounding rocket experiments in the 1960s to present-day human spaceflight. He referred to Megha-Tropiques and SARAL, jointly built by ISRO and CNES, as well as cooperation in launch vehicle engine development, as milestones of this enduring partnership. He said the realisation of the third joint satellite, TRISHNA, is progressing well, and also appreciated CNES support to India’s Gaganyaan programme, including supply of consumables and training of flight surgeons. Indian and French teams have also initiated discussions on microgravity research and parabolic flights in connection with human spaceflight.

Highlighting the transformation of India's space sector, the minister said the ongoing transformation of India’s space sector has created new possibilities for the two countries to expand cooperation beyond government institutions and established agencies. Referring to India’s space-sector reforms and the growth of the private ecosystem, he said more than 400 Indian space start-ups are now engaged in areas including rocket building, satellite building and space applications. He said the next phase of India-France cooperation can bring together government institutions, industries and start-ups on both sides to create a larger ecosystem and wider resource pool.

The CNX Nifty is currently trading at 22679.80, down by 100.45 points or 0.44% after trading in a range of 22569.65 and 22753.25. There were 15 stocks advancing against 35 stocks declining on the index.

The top gainers on Nifty were Dr. Reddy's Laboratories up by 2.02%, Kotak Mahindra Bank up by 1.66%, Adani Enterprises up by 1.43%, Adani Ports & SEZ up by 1.34% and Tata Steel up by 1.21%. On the flip side, Titan Company down by 2.38%, Wipro down by 2.37%, Infosys down by 1.90%, HCL Technologies down by 1.89% and Bajaj Finance down by 1.77% were the top losers.

Asian equity markets were trading mostly in red; Nikkei 225 slipped 927.62 points or 1.43% to 64,950.00, Taiwan Weighted lost 392.64 points or 0.82% to 47,631.96, Hang Seng declined 177.51 points or 0.73% to 24,465.00, KOSPI dropped 18.93 points or 0.28% to 6,870.81, Straits Times fell 17.44 points or 0.3% to 5,711.58 and Jakarta Composite plunged 16.85 points or 0.27% to 6,131.01, while Shanghai Composite strengthened 6.83 points or 0.18% to 3,830.45.

European equity markets were trading higher; UK’s FTSE 100 increased 35.13 points or 0.33% to 10,720.01, France’s CAC rose 11.22 points or 0.14% to 8,089.70 and Germany’s DAX gained 153.48 points or 0.6% to 25,527.90.
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