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Key gauges add gains in late morning deals
Oct-09-2026

Indian equity benchmarks added gains in late morning deals, led by a rally in TCS and other IT stocks. Shares of TCS surged over 5 per cent after the company reported a 15 per cent jump in net profit to Rs 13,884 crore and pointed to continued growth momentum going forward. The gains in IT stocks came despite the US government's decision to suspend some of the world's largest IT outsourcing firms from the Permanent Labor Certification Program. Traders took support as Commerce and Industry Minister Piyush Goyal expressed confidence that India would achieve $1 trillion in exports of goods and services during the current fiscal. In 2025-26, the country's exports touched an all-time high of $863 billion. On the global front, Asian markets were trading mostly in red following the mixed cues from Wall Street overnight, on renewed spike in crude oil prices amid ongoing attacks on tankers in the Middle East and concerns about hurricane-related production disruption in the Gulf of Mexico. 

The BSE Sensex is currently trading at 72396.41, up by 803.17 points or 1.12% after trading in a range of 71739.49 and 72447.61. There were 26 stocks advancing against 4 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 3.21%, TECK up by 2.13%, FMCG up by 1.47%, Auto up by 1.31% and PSU up by 1.03%, while Telecom down by 0.23% was the lone losing index on BSE.

The top gainers on the Sensex were TCS up by 5.48%, Infosys up by 3.20%, Adani Ports &SEZ up by 2.94%, Tech Mahindra up by 2.43% and ITC up by 2.20%. On the flip side, Bharat Electronics down by 0.54%, Reliance Industries down by 0.45%, ICICI Bank down by 0.29% and Eternal down by 0.08% were the top losers.

Meanwhile, Crisil Ratings in its latest report has said that the first half of the current fiscal year (H1FY27) saw a continued steady momentum in India's retail securitisation market, aided by a sharp rise in gold loan securitisation. During the period, retail securitisation volumes grew 42 per cent year-on-year to a record Rs 1.46 lakh crore from 1.03 lakh crore in the corresponding period last fiscal. The second quarter (Q2FY27) accounted for around 60 per cent of the first-half volumes, with issuances exceeding Rs 86,000 crore compared with Rs 54,000 crore in the same period last fiscal. Securitisation entails a lender bundling loan receivables and passing them on to another lender, often at a discount, to meet liquidity requirements. Often, the investing bank acquires the portfolio to comply with mandatory priority sector lending requirements.  

According to the report, non-banking financial companies (NBFCs) continued to dominate the market, accounting for around 95 per cent of issuances during the first half. Vehicle loans continued to be the largest asset class, accounting for 33 per cent of total retail securitisation volumes in H1FY27. Gold loan securitisation emerged as the fastest-growing segment, supported by strong portfolio growth among gold financiers and robust investor demand. Its share of overall retail securitisation volumes more than doubled to 25 per cent from 11 per cent a year earlier.  

The report said retail mortgage-backed securitisation recorded 15 per cent growth, while volumes in the microfinance and combined business and personal loan segments increased 30 per cent. Changing asset mix also led to a shift in the mode of securitisation, with the share of pass-through certificates declining to 47 per cent from a decadal high of 68 per cent in the first half of the previous fiscal year. Banks accounted for nearly 90 per cent of investments, while foreign banks' share rose to around 20 per cent, driven by priority sector lending requirements and attractive risk-adjusted returns.

The CNX Nifty is currently trading at 22496.80, up by 265.00 points or 1.19% after trading in a range of 22294.75 and 22515.95. There were 43 stocks advancing against 7 stocks declining on the index.

The top gainers on Nifty were TCS up by 5.65%, Eicher Motors up by 3.91%, Apollo Hospital up by 3.44%, HCL Technologies up by 3.15% and Infosys up by 3.11%. On the flip side, Reliance Industries down by 0.43%, JSW Steel down by 0.35%, BSE down by 0.29%, ICICI Bank down by 0.15% and Bharat Electronics down by 0.12% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 25.11 points or 0.04% to 69,017.00, Shanghai Composite weakened 2.81 points or 0.07% to 3,809.09 and Straits Times fell 1.59 points or 0.03% to 5,411.37.

On the flip side, Jakarta Composite gained 21.23 points or 0.35% to 6,052.51 and Hang Seng advanced 357.21 points or 1.5% to 24,143.00. 
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