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Indices remain weak in late morning deals

Asian markets were trading mostly in green

Domestic equity indices remained weak and were trading lower with cut of over 0.15 percent in late morning deals as Private weather forecasting agency Skymet, in its first official forecast for the 2026 monsoon season, said that the all India June to September rains are cumulatively expected to be 6 per cent ‘below normal’ this year at 94 per cent of the Long Period Average (LPA) due to the adverse impact of El Nino. Further, rising crude oil prices also weighed on the domestic sentiments. Besides, depreciation in Indian rupee against dollar too weighed down sentiments. Rupee weakened by 8 paise to 92.98 against the dollar at the Inter-bank Foreign Exchange market.

On the global front, Asian markets were trading mostly higher following positive cues from the US markets overnight. Back home, on the BSE sectoral front, traders were seen piling up positions in IT, TECK, Realty, Metal and Healthcare, while selling was witnessed in Auto, Bankex, Consumer Durables, Consumer Disc and PSU. 

The BSE Sensex is currently trading at 73980.58, down by 126.27 points or 0.17% after trading in a range of 73282.41 and 74073.71. There were 10 stocks advancing against 20 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 1.97%, TECK up by 1.60%, Realty up by 0.88%, Metal up by 0.84% and Healthcare up by 0.27%, while Auto down by 0.90%, Bankex down by 0.82%, Consumer Durables down by 0.72%, Consumer Disc down by 0.53%, PSU down by 0.42% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 2.56%, TCS up by 2.22%, Infosys up by 1.88%, Tech Mahindra up by 1.79% and Sun Pharma up by 1.22%. On the flip side, Interglobe Aviation down by 1.89%, Mahindra & Mahindra down by 1.49%, Axis Bank down by 1.40%, SBI down by 1.25% and Ultratech Cement down by 1.11% were the top losers. 

Meanwhile, the Ministry of New & Renewable Energy has said that India has achieved the highest-ever annual wind energy capacity addition of 6.05 gigawatt (GW) in the financial year 2025-26 (FY26), surpassing the previous record of 5.5 GW set in FY 2016-17. This also represents an increase of nearly 46% over the capacity in FY 2024-25 marking a decisive acceleration in India's onshore wind deployment trajectory.

The ministry said with this milestone, India's cumulative installed wind power capacity has crossed 56 GW, reflecting renewed momentum in the sector, driven by improved policy clarity, transmission readiness, competitive tariff discovery, and a strong project pipeline. This milestone achievement is the result of sustained policy support, improved project execution, and greater pipeline maturity across key wind states. States like Gujarat, Karnataka, and Maharashtra have been the primary contributors to capacity addition during the year, underpinned by a growing pipeline of wind-solar hybrid projects and the progressive roll-out of green energy open access. India's wind energy sector has grown steadily, making India one of the leading wind energy markets globally. 

It noted that the government has taken several initiatives to promote the sector, including concessional customs duty on certain components and raw materials used in the manufacturing of wind turbines, graded waiver of Inter-State Transmission System (ISTS) charges till June 2028, competitive bidding mechanisms, separate Wind Renewable Consumption Obligation (RCO) frameworks, and technical support from the National Institute of Wind Energy. The record addition significantly strengthens India's renewable energy portfolio and contributes towards its target of 500 GW of non-fossil fuel-based energy capacity by 2030. 

The CNX Nifty is currently trading at 22927.50, down by 40.75 points or 0.18% after trading in a range of 22719.30 and 22966.60. There were 16 stocks advancing against 34 stocks declining on the index.

The top gainers on Nifty were Wipro up by 3.23%, Hindalco up by 2.54%, HCL Technologies up by 2.49%, TCS up by 2.23% and Infosys up by 1.87%. On the flip side, Max Healthcare Inst down by 2.43%, Interglobe Aviation down by 1.98%, Adani Enterprises down by 1.54%, Mahindra & Mahindra down by 1.54% and Axis Bank down by 1.42% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 78.32 points or 0.15% to 53,492.00, Taiwan Weighted added 531.35 points or 1.63% to 33,103.78, Shanghai Composite strengthened 2.27 points or 0.06% to 3,882.37 and KOSPI increased 14.50 points or 0.27% to 5,464.83. However, Jakarta Composite plunged 20.27 points or 0.29% to 6,969.16 and Straits Times fell 11.76 points or 0.24% to 4,960.64.