Indices edge lower; breadth negative
Market participants will track global developments, foreign institutional investor (FII) flows, key US inflation data and further corporate earnings announcements for market direction.
Pharma, PSU Bank and realty shares declined while IT, media and FMCG shares jumped.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 10.42 points or 0.05% to 73,000. The Nifty 50 index shed 19.45 points or 0.09% to 22,702.50.
In the broader market, the BSE 150 Midcap Index fell 0.24% and the BSE 250 Smallcap Index rose 0.07%.
The market breadth was negative. On the BSE, 1,755 shares rose and 1,210 shares fell. A total of 217 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,305.13 crore, while domestic institutional investors (DIIs) were net buyers of Rs 2,439.24 crore in the Indian equity market on 13 October 2026, according to provisional data.
Numbers to Track:
The yield on India's 10-year benchmark federal paper remained unchanged to 7.363.
In the foreign exchange market, the rupee rose against the dollar. The partially convertible rupee was hovering at 95.0300 compared with its close of 95.3600 during the previous trading session.
MCX Gold futures for 4 December 2026 settlement rose 0.04% to Rs 1,48,510.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.09% to 102.09.
The United States 10-year bond yield declined 0.23% to 5.205.
In the commodities market, Brent crude for December 2026 settlement climbed 65 cents or 0.62% to $106.34 a barrel amid concerns over supply disruptions following renewed fighting between Saudi Arabia and Yemen's Houthi rebels.
Stocks in Spotlight:
Tata Elxsi rallied 6.25% after the company reported a 10% rise in net profit to Rs 170.3 crore in Q2 FY27 as compared with Rs 154.8 crore in Q2 FY26. Revenue increased 15% to Rs 1,055.7 crore from Rs 918.1 crore.
Hero Motors jumped 6.04% after the company reported a 115.3% jump in consolidated net profit to Rs 10.2 crore in Q1 as compared with Rs 4.7 crore in the corresponding quarter of the previous year. Revenue from operations increased 24.9% to Rs 319.3 crore from Rs 255.7 crore.
Global Markets:
Asian market traded mixed on Wednesday, as investors assessed the technology-led selloff on Wall Street and awaited key US inflation data. Market sentiment remained cautious amid concerns over elevated crude oil prices and intensifying competition in the semiconductor industry.
Singapore's economy expanded 5.4% year on year in Q3 2026, moderating from 6.2% growth in the previous quarter, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Wednesday. On a seasonally adjusted quarter-on-quarter basis, GDP grew 1.1%, compared with 1.5% in Q2. Manufacturing output increased 7.5% year on year, slowing from 12.9% growth in the preceding quarter.
US stocks ended lower on Tuesday as weakness in technology and semiconductor shares weighed on the broader market. The Dow Jones Industrial Average declined 0.35% to 51,670.10, while the S&P 500 slipped 0.02% to 7,805.45. The Nasdaq Composite fell 0.15% to 27,204.38. Investors also assessed corporate earnings and awaited US inflation data for clues on the Federal Reserve's interest-rate outlook.
New York Federal Reserve President John Williams said he still considered one more interest-rate hike in 2026 potentially appropriate but saw no current need for further increases in 2027. In an interview with Bloomberg News, Williams said his outlook remained dependent on incoming economic data and developments in inflation. His comments indicate his current assessment rather than a commitment by the Federal Reserve to a specific rate path.
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