HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Sensex, Nifty cut most of gains in early afternoon deals
Oct-05-2026

Indian equity benchmarks cut most of their early gains in early afternoon session, however managed to trade above their neutral lines, tracking positive cues from other Asian markets. Sentiments remained upbeat, as the Department of Commerce has extended the timelines under Component II of RELIEF - Resilience & Logistics Intervention for Export Facilitation, a time-bound intervention under the Export Promotion Mission (EPM), amid continuing geopolitical disruptions in West Asia and mounting pressures on maritime logistics across the Gulf and neighbouring regions.

Both indices, Sensex and Nifty, were trading with only marginal gains, as selective buying in key sectors was helping the benchmarks retain their positive bias. However, spiking bond yields and heightened uncertainty in the Middle East conflict weighed on market sentiment.

On the global front, Asian markets were trading mostly in green, even after Japan's service sector expanded at a slower pace in September due to weaker increase in business activity and sales. The final services Purchasing Managers' Index fell to 51.3 in September from a five-month high of 52.5 in August. The flash score was 51.6. Nonetheless, a score above 50.0 indicates expansion.

The BSE Sensex is currently trading at 71978.50, up by 68.80 points or 0.10% after trading in a range of 71840.18 and 72631.93. There were 18 stocks advancing against 12 stocks declining on the index.

The top gaining sectoral indices on the BSE were Telecom up by 0.76%, Bankex up by 0.50%, FMCG up by 0.40%, Power up by 0.31% and Utilities up by 0.30%, while Healthcare down by 1.10%, IT down by 0.66%, Oil & Gas down by 0.44%, Basic Materials down by 0.37% and Auto down by 0.29% were the top losing indices on BSE.

The top gainers on the Sensex were Bajaj Finance up by 2.39%, ITC up by 1.77%, Eternal up by 1.16%, Bharti Airtel up by 1.13% and NTPC up by 0.99%. On the flip side, HCL Technologies down by 3.52%, Asian Paints down by 2.55%, HDFC Bank down by 2.40%, Infosys down by 2.00% and Sun Pharma down by 1.30% were the top losers.

Meanwhile, Finance Minister Nirmala Sitharaman has indicated that global uncertainty is expected to continue in coming period, therefore there is a need to design policies which build resilience. Highlighting priorities for India for dealing with the next decade of global economic shock, Sitharaman said it is now time to have ‘autonomy’ in building resilient supply chains, and for the private sector to lead investments, including in R&D. She also emphasized that the industry must play a greater role in designing and delivering training, for skill development amidst a ‘changing world of work’. She said that India’s expenditure on R&D stands at 0.83% of GDP, compared with 2.7% for the OECD, while the private sector contributes only 36% of India’s total R&D expenditure. 

She has called for the private sector to lead the cycle of investments, saying raising both the scale of investment and private sector participation is essential to strengthening the country’s innovation capacity. Besides, she noted that for India, resilience means building upon the structural foundations laid over the past decade to accelerate and broaden growth. On resilience, she said that the evidence of resilience lies in the counterfactual, in the outcomes that did not materialise, such as an inflation spiral that did not take hold, queues that did not form at the fuel outlets, banking stress that did not surface and a fiscal correction that was never forced.

Amid persistent global uncertainty, Sitharaman has called upon nations to have an open, predictable and rule-based global economic relationships. She suggested that nations should engage with one another through dialogue and negotiated agreements, rather than allowing geopolitical differences to become barriers to trade and investment. She added that international trade policy should provide greater certainty for businesses, respect national development priorities, and avoid unnecessary restrictions that fragment markets.

The CNX Nifty is currently trading at 22446.60, up by 24.65 points or 0.11% after trading in a range of 22397.10 and 22621.80. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were Tata Motors Passenger up by 3.56%, BSE up by 2.99%, Bajaj Finance up by 2.69%, Shriram Finance up by 2.39% and ITC up by 2.25%. On the flip side, HCL Technologies down by 3.35%, Asian Paints down by 2.89%, Infosys down by 2.27%, HDFC Bank down by 2.09% and Max Healthcare Inst. down by 1.64% were the top losers.

Asian markets were trading mostly in green; Jakarta Composite gained 7.52 points or 0.12% to 6,044.41, Taiwan Weighted added 1236.3 points or 2.49% to 49,712.04, Nikkei 225 surged 1614.54 points or 2.31% to 69,924.00 and Straits Times rose 16.43 points or 0.29% to 5,651.25, while Hang Seng declined 19.29 points or 0.08% to 23,953.00.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.