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Benchmarks relinquish gains to trade in red during late afternoon deals
Sep-30-2026

Indian equity markets have relinquished most of the gains to trade in the negative territory in late afternoon session. Surging crude oil price and high bond yield have made investors nervous. The Brent crude oil prices surged past the $103 a barrel mark as Iran has threatened to target infrastructure across the Middle East if its security concerns were not addressed. Besides, market sentiment remained subdued as foreign institutional investors (FIIs) continued to pull out capital from Indian markets. FIIs were the net sellers on Tuesday, offloading securities worth Rs 9,980.22 crore. 

Both Sensex and Nifty faced selling pressure with Sensex trading just below the neutral line, while Nifty traded with cut of over three tenth of a percent weighed by selling among hospital and insurance stocks. 

On the global front, Asian equity markets were trading mixed tracking negative cues from Wall Street overnight. European equity markets were trading mostly in green after data showed that the UK economy expanded by 0.5% quarter-on-quarter in Q2 2026, revised up from 0.4% in the previous estimate.

The BSE Sensex is currently trading at 72504.48, down by 24.59 points or 0.03% after trading in a range of 72440.05 and 73062.23. There were 15 stocks advancing against 15 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 0.95%, Bankex up by 0.83%, Telecom up by 0.58%, Auto up by 0.40% and IT up by 0.24%, while Healthcare down by 2.10%, Consumer Durables down by 1.16%, Metal down by 0.58%, FMCG down by 0.33% and Basic Materials down by 0.28% were the top losing indices on BSE.

The top gainers on the Sensex were Kotak Mahindra Bank up by 2.89%, ICICI Bank up by 2.89%, Interglobe Aviation up by 2.52%, Axis Bank up by 2.08% and TCS up by 1.47%. On the flip side, Eternal down by 2.40%, Bajaj Finserv down by 1.84%, Adani Ports & SEZ down by 1.49%, Sun Pharmaceutical Industries down by 1.06% and Bajaj Finance down by 0.93% were the top losers.

Meanwhile, India and Italy are looking to deepen bilateral cooperation in tourism and create stronger institutional and industry linkages between the two countries, following the second meeting of the India-Italy Joint Working Group on Tourism held on September 29, 2026. The meeting brought together senior government officials and tourism-sector stakeholders from both countries to identify areas with scope for greater collaboration.

The discussions covered a broad range of areas for strengthening tourism cooperation between the two countries, including exchange of tourism data, promotion of lesser-known destinations, cine-tourism, destination twinning, skilling and capacity building, and enhanced Business-to-Business (B2B) engagement.

As a key outcome of the meeting, both sides agreed to establish focused technical groups and designate points of contact to take forward the identified areas of cooperation and facilitate sustained engagement between relevant stakeholders. The two sides also discussed opportunities for tourism cooperation in the context of the proposed India-Italy Year of Culture and Tourism 2027, with a view to further strengthening cultural and tourism exchanges between the two countries.

The CNX Nifty is currently trading at 22640.20, down by 76.00 points or 0.33% after trading in a range of 22628.90 and 22809.35. There were 17 stocks advancing against 33 stocks declining on the index.

The top gainers on Nifty were Interglobe Aviation up by 2.56%, ICICI Bank up by 2.54%, Kotak Mahindra Bank up by 2.41%, Tech Mahindra up by 1.44% and Axis Bank up by 1.14%. On the flip side, Max Healthcare Institute down by 7.22%, Apollo Hospital Enterprise down by 6.43%, Adani Enterprises down by 2.99%, BSE down by 2.94% and Eternal down by 2.93% were the top losers.

Asian equity markets were trading mixed; Nikkei 225 surged 1389.73 points or 2.08% to 66,871.00, Taiwan Weighted added 308.17 points or 0.64% to 47,940.13, Hang Seng advanced 50.43 points or 0.21% to 24,574.00 and Shanghai Composite strengthened 11.74 points or 0.31% to 3,842.19, while KOSPI dropped 32.77 points or 0.48% to 6,838.04, Straits Times fell 23.03 points or 0.4% to 5,691.81 and Jakarta Composite plunged 25.18 points or 0.41% to 6,096.52.

European equity markets were trading mostly in green; UK’s FTSE 100 increased 35.28 points or 0.33% to 10,671.99 and Germany’s DAX gained 9.39 points or 0.04% to 25,408.60, while France’s CAC fell 33.67 points or 0.42% to 8,002.20.
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