Key gauges add losses in morning deals

Indian equity benchmarks extended losses in morning deals, amid weakness in global equities due to higher bond yields and geopolitical uncertainty. The expiry of the temporary 60-day US-Iran ceasefire without any meaningful diplomatic breakthrough has renewed concerns over a prolonged disruption to energy supplies, driving crude oil prices higher.

Meanwhile, Commerce and Industry Minister Piyush Goyal said that he will undertake a four-day visit to Japan from August 24, 2026 to hold discussions on strengthening trade and investment ties between the two countries. Both the Sensex and Nifty were trading around half percent lower in morning deals, weighed down by losses in Capital Goods, Power and Utilities stocks.

Traders overlooked exchange data showing that Foreign Institutional Investors (FIIs) bought equities worth Rs 1,651.53 crore on Tuesday. On the global front, Asian markets are trading lower as elevated oil prices and rising global bond yields amid an apparent impasse in Middle East peace talks fueled inflation concerns.

The BSE Sensex is currently trading at 76900.58, down by 334.88 points or 0.43% after trading in a range of 76894.11 and 77347.81. There were 9 stocks advancing against 21 stocks declining on the index.

The few gaining sectoral indices on the BSE were IT up by 0.06% and TECK up by 0.04%, while Capital Goods down by 1.67%, Power down by 1.67%, Utilities down by 1.15%, Industrials down by 1.15% and Basic Materials down by 0.78% were the top losing indices on BSE. The top gainers on the Sensex were Sun Pharma up by 0.93%, Eternal up by 0.92%, HCL Technologies up by 0.52%, Kotak Mahindra Bank up by 0.46% and Titan Company up by 0.42%.

On the flip side, Power Grid down by 1.40%, Bharat Electronics down by 0.95%, HDFC Bank down by 0.93%, Larsen & Toubro down by 0.88% and TCS down by 0.79% were the top losers. Meanwhile, the commerce ministry, in its latest data, has said that India’s tanker exports surged more than six-fold to $1.36 billion in the June quarter of current financial year (Q1FY27), up from $221.1 million a year earlier, highlighting the country’s expanding shipbuilding and maritime engineering capabilities.