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Markets trade slightly higher with volatility amid mixed global cues
Sep-30-2026

Indian equity benchmarks made a negative start on Wednesday and turned volatile as uncertainty over the US-Iran peace talks kept investors anxious. Meanwhile, the National Stock Exchange of India's (NSE) semi-annual index rebalancing has taken effect on September 30, 2026. Market participants are closely monitoring the system’s liquidity.

Sensex and Nifty were trading marginally higher in early deals on account of bargain hunting after recent sell-off. Buying was visible in IT, Teck and select banking stocks. However, heavy foreign investor selling kept gains in check. Foreign institutional investors (FIIs) continued their selling spree, offloading equities worth Rs 9,980.22 crore on September 29.

On the global front, Asian markets were trading mixed, amid broadly negative cues from Wall Street overnight, as tumbling crude oil prices on easing supply concerns as Saudi Arabia restored half of the capacity of its East-West pipeline, allaying fears of global inflation and aggressive interest rate hikes.

The BSE Sensex is currently trading at 72658.13, up by 129.06 points or 0.18% after trading in a range of 72440.05 and 72760.65. 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 IT up by 1.49%, Oil & Gas up by 1.04%, Telecom up by 1.03%, Energy up by 0.98% and TECK up by 0.79%, while Healthcare down by 1.48%, Consumer Durables down by 0.37% and Metal down by 0.31% were the few losing indices on BSE.

The top gainers on the Sensex were TCS up by 2.16%, ICICI Bank up by 1.66%, Interglobe Aviation up by 1.48%, Tech Mahindra up by 1.43% and HCL Technologies up by 1.20%. On the flip side, Adani Ports & SEZ down by 1.73%, Sun Pharma down by 1.25%, HDFC Bank down by 1.14%, Titan Company down by 0.80% and Eternal down by 0.67% were the top losers.

Meanwhile, with an aim to fast-track the trade pact process, Finance Minister Nirmala Sitharaman, on the sidelines of the annual meeting of the Asian Infrastructure Investment Bank (AIIB), held meetings with Qatar’s finance and foreign trade ministers to discuss the early conclusion of the Bilateral Investment Treaty (BIT) and continued engagement towards a Free Trade Agreement (FTA). Sitharaman met Qatar’s Finance Minister Ali bin Ahmed Al Kuwari, with discussions focusing on the expansion of India’s Unified Payments Interface (UPI) system in Qatar and the finalisation of the BIT.

During her meeting with Qatar’s Minister of State for Foreign Trade Ahmad bin Mohammed Al-Sayed, Sitharaman conveyed that India attaches high importance to deepening trade and investment ties with Qatar. She emphasised the need to restore normal trade between India and Qatar, as well as with other Gulf countries, including ensuring unimpeded maritime navigation and commerce through the Strait of Hormuz. The two sides also discussed the implementation of Qatar’s $10 billion investment commitment and the establishment of a Qatar Investment Authority (QIA) office in India. They further discussed the Double Taxation Avoidance Agreement as a strengthened framework to provide greater certainty for trade, investment and taxation.

Separately, Sitharaman addressed a business roundtable organised by the Qatari Businessmen Association (QBA), where the Indian side highlighted the country’s strong structural growth momentum. Real GDP growth accelerated to 7.8 per cent in the first quarter of FY26, while investment grew by 11.9 per cent, underscoring the resilience of the Indian economy amid global uncertainty. During the interaction, she discussed emerging economic opportunities in both countries and encouraged Qatari businesses to actively explore trade and investment partnerships, with a view to further strengthening bilateral economic ties.

The CNX Nifty is currently trading at 22719.65, up by 3.45 points or 0.02% after trading in a range of 22659.80 and 22736.65. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were TCS up by 2.26%, Tech Mahindra up by 2.05%, ICICI Bank up by 1.69%, Interglobe Aviation up by 1.54% and Coal India up by 1.38%. On the flip side, Max Healthcare Institute down by 5.25%, Apollo Hospital down by 5.00%, BSE down by 2.72%, Dr. Reddy's Labs. down by 2.08% and Adani Ports & SEZ down by 1.94% were the top losers.

Asian markets were trading mixed; Nikkei 225 surged 1270.73 points or 1.94% to 66,752.00, Taiwan Weighted added 585.71 points or 1.23% to 48,217.67, Shanghai Composite strengthened 10.38 points or 0.27% to 3,840.83 and Jakarta Composite gained 9.95 points or 0.16% to 6,131.65. On the other hand, Hang Seng declined 60.57 points or 0.25% to 24,463.00, KOSPI fell 12.04 points or 0.18% to 6,858.77 and Straits Times was down by 9.08 points or 0.16% to 5,709.19.
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