HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Bears hold tight grip on Indian markets during early afternoon session
May-11-2026

Bears were holding a tight grip on Indian equity markets during early afternoon session, with both Sensex and Nifty lingering under losses of over 1%, impacted by heavy selling at Consumer Durables, Realty and Power counters, after U.S. President Donald Trump and Iran rejected each other's latest peace proposals to end the war in the Middle East, keeping the Strait of Hormuz largely closed and raising doubts about the durability of a fragile ceasefire. Traders were cautious, as BMI said that India’s economic growth is likely to slow sharply in the current fiscal year as the lingering effects of last year’s tax cuts begin to fade and soaring crude oil prices linked to the Iran conflict squeeze consumption, investment and inflation.

On the global front, Asian markets were trading mostly in green, after Taiwan's foreign trade surplus increased notably in April from a year ago as exports grew much faster than imports. The preliminary figures from the Ministry of Finance revealed that the trade surplus rose to $14.4 billion in April from $7.4 billion in the corresponding month last year. Meanwhile, the surplus decreased from $21.3 billion in March. The expected surplus was $19.1 billion.

The BSE Sensex is currently trading at 76389.91, down by 938.28 points or 1.21% after trading in a range of 76165.57 and 76678.52. There were 8 stocks advancing against 22 stocks declining on the index.

The few gaining sectoral indices on the BSE were Healthcare up by 0.73%, IT up by 0.33% and Telecom up by 0.20%, while Consumer Durables down by 3.20%, Realty down by 2.17%, Power down by 2.01%, Capital Goods down by 1.87% and PSU down by 1.71% were the top losing indices on BSE.

The top gainers on the Sensex were Sun Pharma up by 1.34%, TCS up by 0.63%, Axis Bank up by 0.41%, Kotak Mahindra Bank up by 0.37% and Infosys up by 0.30%. On the flip side, Titan down by 6.45%, Interglobe Aviation down by 4.94%, SBI down by 4.26%, Bharti Airtel down by 3.81% and Eternal down by 3.65% were the top losers.

Meanwhile, pointing a revival in India’s investment cycle, the Confederation of Indian Industry (CII) has said that private sector capital expenditure in India has increased by 67% to Rs 7.7 lakh crore in September 2025 from Rs 4.6 lakh crore a year ago. Further, it has termed the capex growth as the most decisive evidence yet of a powerful and broad-based revival in the country's investment cycle. CII data showed the manufacturing sector accounted for Rs 3.8 lakh crore, nearly half of total private capex, with metals, automobiles and chemicals at the forefront. The services contributed Rs 3.1 lakh crore, or about 40%, driven by trading, communications and IT/ITeS.

Besides, CII has unveiled a five-point industry action agenda amid the West Asia crisis and beyond, comprising a phased drawdown of the central excise cut on petrol and diesel. It noted that the Rs 10 per litre central excise cut on petrol and diesel, taken at significant cost to the exchequer, should be progressively rolled back in tranches over six to nine months as crude prices stabilise. Its five-point agenda also pitched for a 45-day MSME payment guarantee; supply-chain ring-fencing with deeper import substitution; and a front-loading of private capex coupled with voluntary price restraint and a stepped-up internship intake; among others.

Moreover, CII's five-point agenda suggested its member companies to commit to a 3 to 5% reduction in fuel and power consumption over the next two quarters through process optimisation, efficient logistics, fleet electrification and accelerated renewable power purchase agreements. It pointed that Indian supply chains will be ring-fenced through diversified sourcing, strategic inventory buffers and tie-ups with alternative geographies, alongside deeper domestic value addition in components, specialty chemicals and capital goods.

The CNX Nifty is currently trading at 23913.10, down by 263.05 points or 1.09% after trading in a range of 23845.30 and 23986.80. There were 17 stocks advancing against 33 stocks declining on the index.

The top gainers on Nifty were Tata Consumer Products up by 5.67%, Coal India up by 1.67%, Max Healthcare Inst up by 1.53%, Sun Pharma up by 1.47% and Grasim Industries up by 0.82%. On the flip side, Titan down by 6.33%, Interglobe Aviation down by 4.96%, SBI down by 4.25%, Bharti Airtel down by 3.87% and Eternal down by 3.65% were the top losers.

Asian markets were trading mostly in green; KOSPI increased 324.24 points or 4.15% to 7,822.24, Hang Seng advanced 17.29 points or 0.07% to 26,411.00, Shanghai Composite strengthened 45.07 points or 1.07% to 4,225.02, and Taiwan Weighted added 186.12 points or 0.45% to 41,790.06, while Nikkei 225 slipped 234.65 points or 0.38% to 62,479.00, Jakarta Composite plunged 17.4 points or 0.25% to 6,952.00 and Straits Times rose 17.02 points or 0.35% to 4,938.92.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.