Indices edge higher in early trade; 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.
IT, private bank and FMCG shares advanced while PSU Bank, metal and media stocks declined.
At 09:25 IST, the barometer index, the S&P BSE Sensex advanced 389.78 points or 0.54% to 73,192.63. The Nifty 50 index jumped 119.05 points or 0.51% to 22,735.85.
In the broader market, the BSE 150 Midcap Index fell 0.32% and the BSE 250 Smallcap Index shed 0.30%.
The market breadth was negative. On the BSE, 1,360 shares rose and 1,628 shares fell. A total of 209 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,857.44 crore, while domestic institutional investors (DIIs) were net buyers of Rs 2,670.44 crore in the Indian equity market 14 October 2026, according to provisional data.
Numbers to Track:
The yield on India's 10-year benchmark federal paper remained declined 0.31% to 7.376.
In the foreign exchange market, the rupee rose against the dollar. The partially convertible rupee was hovering at 94.9550 compared with its close of 95.1725 during the previous trading session.
MCX Gold futures for 4 December 2026 settlement rallied 1.07% to Rs 1,47,408.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.60% to 101.94.
The United States 10-year bond yield tumbled 1.95% to 5.088.
In the commodities market, Brent crude for December 2026 settlement dropped $1.72 or 1.62% to $104.34 a barrel amid concerns over supply disruptions following renewed fighting between Saudi Arabia and Yemen's Houthi rebels.
Stocks in Spotlight:
HDB Financial Services declined 3.53%. The company reported a 34.2% rise in profit to Rs 780.2 crore in Q2 FY27 as compared with Rs 581.4 crore in Q2 FY26. Net interest income increased 15.6% to Rs 2,533.7 crore from Rs 2,192.5 crore.
CEAT declined 3.18% after the company reported a 39.8% fall in consolidated net profit to Rs 112 crore in Q2 FY27 as compared with Rs 186 crore in Q2 FY26. Revenue increased 26.2% to Rs 4,762 crore from Rs 3,773 crore. The company reported an exceptional loss of Rs 13 crore during the quarter on account of voluntary retirement schemes, as compared with nil exceptional items in the corresponding quarter last year.
Global Markets:
Asian equities tumbled on Thursday as a sell-off in technology stocks spread from Wall Street to regional markets. South Korea's Kospi plunged 7.1% to 5,584.83, while Japan's Nikkei 225 fell 3.9% to 65,119.51, with semiconductor stocks leading the declines.
The sell-off followed losses in US technology stocks after hotter-than-expected inflation data heightened concerns over the Federal Reserve's interest rate outlook. Investors also remained wary of intensifying competition in the semiconductor industry following reports of advances by Chinese memory-chip maker ChangXin Memory Technologies (CXMT), raising concerns over potential pricing pressure in the global memory-chip market.
US equities ended lower on Wednesday, with technology stocks accounting for much of the decline. The Nasdaq Composite dropped 1.88% to 26,692.87, while the S&P 500 fell 1.11% to 7,718.94. The Dow Jones Industrial Average slipped 0.09% to 51,621.48.
The declines followed the release of US inflation data showing that the Consumer Price Index (CPI) rose 0.6% in September from August and 3.7% year on year, according to the US Bureau of Labor Statistics. Annual inflation accelerated from 3.4% in August, exceeding market expectations.
Higher fuel costs contributed significantly to the monthly increase, with gasoline prices rising 9.1% in September. Core CPI, which excludes food and energy, increased 0.3% month on month and 2.6% year on year. The inflation data heightened concerns that persistent price pressures could prompt the Federal Reserve to maintain a tighter monetary policy stance or consider further interest rate increases.
Powered by Capital Market - Live News