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Markets extend losses in late trade
May-26-2026

Benchmarks extended losses in late afternoon session as traders opted to book some profits following recent gains made by the market amid rising hopes of peace deal between Iran and United States. Further, investors were cautious after Moody's Ratings flagged that the high energy prices could weigh on near-term credit conditions of Indian corporates. It noted that elevated global energy prices triggered by the ongoing West Asia conflict, are expected to weigh on the near-term credit conditions of Indian corporates, despite strong balance sheets and favourable long-term growth prospects. Besides, market participants took a risk averse approach as brent crude oil prices surged over 3% to trade near $100 a barrel mark. 

On the global front, Asian and European equity markets were trading mostly in red after United States conducted strikes in Southern Iran.

The BSE Sensex is currently trading at 76035.59, down by 453.37 points or 0.59% after trading in a range of 75981.10 and 76627.04. There were 6 stocks advancing against 24 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 0.94%, Metal up by 0.86%, Telecom up by 0.85%, Power up by 0.80% and Basic Materials up by 0.39%, while Consumer Durables down by 0.87%, Realty down by 0.53%, PSU down by 0.39%, TECK down by 0.39% and Bankex down by 0.31% were the losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 1.05%, Eternal up by 0.77%, Maruti Suzuki up by 0.49%, Adani Ports & SEZ up by 0.41% and Hindustan Unilever up by 0.35%. On the flip side, TCS down by 1.38%, Titan Company down by 1.36%, Trent down by 1.29%, Bharti Airtel down by 1.27% and Kotak Mahindra Bank down by 1.22% were the top losers.

Meanwhile, with an aim to strengthen the MSME ecosystem, enhance last-mile credit delivery and accelerate the modernization of rural industries, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman has launched a set of strategic portals and initiatives. Minister said that MSMEs contribute nearly 35 per cent of manufacturing output, 48 per cent of exports and around 31 per cent of India’s GDP. She also noted that the sector comprises over 7.47 crore entrepreneurs and provides employment to more than 32 crore people across the country.

The key initiatives launched by the Finance Minister include SIDBI-RRB Co-Lending Platform, a digital joint lending model designed to enhance MSME credit penetration in semi-urban and rural areas by combining SIDBI’s MSME expertise and digital capabilities with the grassroots outreach of Regional Rural Banks. Besides, Modernization of Rural Enterprises (MoRE) Programme was unveiled which is a cluster-based intervention providing credit and credit-plus support to modernise rural enterprises engaged in non-farming activities such as jaggery units, oil expellers, pottery units, flour mills and brass artisan enterprises.

Apart from this, Sitharaman has also launched Micro Credit Card Scheme for Micro Enterprises, a scheme enabling Udyam-registered micro enterprises to access revolving credit of up to Rs 5 lakh with 75 per cent guarantee coverage and without mandatory primary security. Another major initiative launched was SIDBI MSME Exchange - Machinery Portal, a technology-driven digital platform integrating machinery discovery with institutional financing support to accelerate MSME capital investment and technology adoption.

The CNX Nifty is currently trading at 23924.20, down by 107.50 points or 0.45% after trading in a range of 23907.10 and 24089.80. There were 18 stocks advancing against 32 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 4.37%, Tata Motors Passenger Vehicles up by 3.44%, Bajaj Auto up by 1.17%, Tech Mahindra up by 0.92% and Eternal up by 0.86%. On the flip side, Apollo Hospitals Enterprises down by 1.68%, Titan Company down by 1.42%, TCS down by 1.41%, Trent down by 1.23% and Kotak Mahindra Bank down by 1.21% were the top losers.

Asian equity markets were trading mostly in red; Nikkei 225 slipped 254.19 points or 0.39% to 64,904.00, Taiwan Weighted lost 119.03 points or 0.27% to 43,525.37, Hang Seng declined 20.03 points or 0.08% to 25,586.00, Jakarta Composite plunged 60.5 points or 0.98% to 6,145.85, Shanghai Composite weakened 7.2 points or 0.17% to 4,145.37 and Straits Times fell 33.76 points or 0.67% to 5,036.79, while KOSPI increased 199.80 points or 2.48% to 8,047.51.

European equity markets were trading mostly in red; France’s CAC fell 81.26 points or 0.98% to 8,177.00 and Germany’s DAX lost 253.6 points or 1% to 25,135.50, while UK’s FTSE 100 increased 63.37 points or 0.61% to 10,529.63.
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