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Key gauges trade marginally in green in late morning deals
Nov-04-2026

Indian equity benchmarks erased some of their initial gains and were trading marginally in green in late morning deals supported by foreign fund inflows and easing crude oil prices. Foreign Institutional Investors (FIIs) bought equities worth Rs 6,836.81 crore on Tuesday, according to exchange data. Traders took some support with Crisil Ratings’ report stating that the Indian data centre industry is expected to witness a significant investment push, with installed capacity likely to expand five-fold to approximately 7.5 gigawatts (GW) by March 2030. Meanwhile, the Reserve Bank of India (RBI) has eased reporting requirements for small service exporters and importers, including relaxing rules for filing export declarations. It has made amendments to the Foreign Exchange Management (Export and Import of Goods and Services) Regulations. On the global front, Asian markets were trading mostly in red as traders remained cautious ahead to the U.S. midterm election results. 

The BSE Sensex is currently trading at 77076.03, up by 158.18 points or 0.21% after trading in a range of 76604.85 and 77396.04. There were 15 stocks advancing against 15 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 2.22%, Capital Goods up by 1.99%, Power up by 1.41%, Industrials up by 1.35% and FMCG up by 1.08%, while IT down by 0.81% and TECK down by 0.80% were the top losing indices on BSE.

The top gainers on the Sensex were ITC up by 2.87%, Bharat Electronics up by 2.87%, Bajaj Finserv up by 2.82%, Adani Ports &SEZ up by 1.89% and Bajaj Finance up by 1.76%. On the flip side, Eternal down by 1.72%, TCS down by 1.58%, Hindustan Unilever down by 1.21%, Kotak Mahindra Bank down by 1.10% and Bharti Airtel down by 0.89% were the top losers.

Meanwhile, Crisil Ratings in its latest report has said that the Indian data centre industry is expected to witness a significant investment push, with installed capacity likely to expand five-fold to approximately 7.5 gigawatts (GW) by March 2030. The sector could see investments of over Rs 3 lakh crore flowing in over the next four financial years. The expansion, fuelled by generative artificial intelligence (GenAI), enterprise digitalisation and rising data consumption, is set to transform the country's digital infrastructure landscape.

However, the report noted that the industry's ability to convert demand into sustainable returns would depend on timely power connectivity, regulatory approvals and disciplined project execution. It stated ‘Nearly half of the upcoming capacity is already committed under long-term contracts, limiting speculative development and reducing offtake risk.’ It noted ‘Upfront tie-ups with hyperscalers, driven by cloud adoption and compute-intensive GenAI workloads, provide revenue certainty from the outset. This helps de-risk projects, even as the scale and speed of the planned build-out intensify execution requirements.’

Besides, Anand Kulkarni, Director, Crisil Ratings, said ‘India's structural cost advantages further strengthen its attractiveness as a data centre destination. Development costs are around one-fifth lower than in several competing Asia-Pacific markets owing to more competitive land, construction and labour costs. Combined with lower power tariffs, this translates into rentals that are 30-35 per cent lower than in peer markets. The ability to develop large, renewable-powered campuses also aligns well with the sustainability goals of hyperscalers, reinforcing India's competitive positioning.’

The CNX Nifty is currently trading at 23841.95, up by 31.10 points or 0.13% after trading in a range of 23696.15 and 23946.35. There were 27 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 3.44%, ITC up by 2.85%, Bharat Electronics up by 2.63%, Max Healthcare up by 2.57% and Bajaj Finserv up by 2.35%. On the flip side, Coal India down by 2.16%, BSE down by 1.90%, Eternal down by 1.80%, TCS down by 1.76% and Infosys down by 1.38% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 1596.86 points or 2.53% to 61,485.00, Taiwan Weighted lost 301.6 points or 0.7% to 43,005.94, Jakarta Composite plunged 43.35 points or 0.88% to 4,860.94, Shanghai Composite strengthened 13.74 points or 0.38% to 3,621.84 and KOSPI dropped 35.10 points or 0.62% to 5,613.69.

On the global front, Hang Seng advanced 155.03 points or 0.66% to 23,681.00 and Straits Times rose 22.19 points or 0.43% to 5,215.82.
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