HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Indices continue to trade higher in late morning deals
Sep-21-2026

Domestic equity indices continued to trade higher in late morning deals amid firm global cues from the other Asian markets. Falling crude oil prices provided additional support to domestic sentiment. Further, sentiment was also supported by Indian rupee appreciating 16 paise to 95.79 against the dollar at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks.

Sensex advanced by more than half percent while Nifty posted modest gains, driven by upward momentum in heavyweight stocks like HDFC Bank, Tata Consultancy Services, Kotak Mahindra Bank, ITC, and Reliance Industries. On the global front, Asian markets were trading mostly in the green, following mostly positive cues from US markets on Friday.

The BSE Sensex is currently trading at 74734.90, up by 439.94 points or 0.59% after trading in a range of 74454.18 and 74787.26. There were 25 stocks advancing against 5 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 1.43%, Consumer Durables up by 1.19%, Healthcare up by 1.19%, FMCG up by 1.06% and Basic Materials up by 0.53%, while Telecom down by 0.94%, TECK down by 0.55%, Auto down by 0.08%, IT down by 0.06% and Power down by 0.05% were the top losing indices on BSE.

The top gainers on the Sensex were Ultratech Cement up by 3.62%, Sun Pharma up by 2.36%, HCL Technologies up by 2.07%, Asian Paints up by 2.01% and ITC up by 1.87%. On the flip side, Infosys down by 1.69%, Bharti Airtel down by 1.39%, Power Grid down by 1.19%, Adani Ports &Special down by 0.70% and Reliance Industries down by 0.03% were the top losers.

Meanwhile, the commerce ministry in its latest data has showed that India's exports to core BRICS nations--China, South Africa, Brazil and Russia-- surged 34 per cent to $19.9 billion in April-August 2026-27 as compared to $14.9 billion in the corresponding period last year, highlighting the growing importance of the BRICS bloc for India's export growth. Their combined share in India's total exports increased to 9.2 per cent during the first five months of 2026-27 from 8.1 per cent a year earlier. 

As India deepens its trade engagement with the BRICS bloc, strongest momentum is coming from the BRICS members, especially Core BRICS founding partners-- China, South Africa, Brazil, and Russia. BRICS originally comprised Brazil, Russia, India, China and South Africa. The grouping expanded in 2024 to include Egypt, Ethiopia, Iran, the UAE and Saudi Arabia. Indonesia joined in 2025, while Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan and Vietnam became partner countries last year. 

Among the four core BRICS economies, China and South Africa were the primary drivers of growth, contributing significantly to the overall increase. During this period, India's exports to China expanded by 39 per cent to reach $9.6 billion in the first five months of 2026-27. At the same time, South Africa recorded the fastest growth rate, with exports surging 58 per cent during the period. Brazil and Russia also maintained steady double-digit growth of 13 per cent and 11 per cent, respectively. 

The export momentum is not limited to BRICS markets. India's shipments to Japan surged to $3.43 billion during April-August 2026-27, registering a 43 per cent growth over the same period last fiscal. India is steadily expanding its presence in key sectors that align with Japan's industrial requirements, ranging from energy products and electronics to advanced materials. The export momentum is being led by mineral fuels, which recorded an increase of $231.7 million (76 per cent), highlighting growing energy trade between the two countries. Simultaneously, exports of electronics and aluminium also recorded healthy growth. Similarly, India's exports to Italy witnessed a strong surge during the five months of 2026-27, rising to $3.92 billion from $3.02 billion in April-August 2025-26, reflecting a growth of about 30 per cent. On the other hand, India's exports to South Korea also increased 22% to $3.21 billion.

The CNX Nifty is currently trading at 23393.55, up by 47.15 points or 0.20% after trading in a range of 23314.80 and 23410.75. There were 34 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 2.26%, Sun Pharma up by 2.17%, ITC up by 1.72%, SBI Life Insurance up by 1.72% and Tata Consumer up by 1.71%. On the flip side, Bharti Airtel down by 2.94%, Adani Ports down by 2.03%, Wipro down by 1.69%, Infosys down by 1.65% and Tata MotorsPassenger down by 1.09% were the top losers.

Asian markets were trading mostly in green; Taiwan Weighted added 531.6 points or 1.13% to 47,712.35, Shanghai Composite strengthened 23.52 points or 0.6% to 3,935.39, KOSPI increased 103.40 points or 1.5% to 6,997.63, Hang Seng advanced 140.22 points or 0.57% to 24,891.00 and Straits Times rose 16.47 points or 0.29% to 5,672.58. However, Jakarta Composite plunged 17.65 points or 0.27% to 6,423.51.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.