Key gauges continue to trade in green in morning deals

Indian equity benchmarks continued to trade in green in morning deals, led by gains in Banking, Capital Goods and Metal stocks. Traders took support with exchange data showed foreign institutional investors (FIIs) purchased equities worth Rs 374.74 crore on a net basis on Friday. Some support also came as Union Commerce and Industry Minister Piyush Goyal stated that India remains a key destination for overseas investments and is likely to attract $100 billion in foreign direct investments (FDIs) from the four-nation European bloc European Free Trade Association (EFTA). Separately, prime Minister Narendra Modi will pay a four-day visit to the United Kingdom and the Maldives to shore up overall bilateral ties and formalise the landmark India-UK free trade deal that is set to pave the way for doubling two-way trade by 2030 from current $60 billion. On the global front, Asian markets are trading mostly in green ahead of key earnings reports from major tech companies. Investors remained focused on international trade developments, hoping for progress before the US imposes new tariffs on August 1. 

The BSE Sensex is currently trading at 82085.82, up by 328.09 points or 0.40% after trading in a range of 81518.66 and 82153.61. There were 18 stocks advancing against 12 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index rose 0.16%, while Small cap index was down by 0.11%.

The top gaining sectoral indices on the BSE were Bankex up by 0.83%, Capital Goods up by 0.73%, Metal up by 0.65%, Basic Materials up by 0.60% and Telecom up by 0.50%, while Energy down by 0.90%, Oil & Gas down by 0.59%, IT down by 0.35%, FMCG down by 0.17% and Realty down by 0.10% were the top losing indices on BSE.

The top gainers on the Sensex were ICICI Bank up by 2.32%, HDFC Bank up by 1.57%, Eternal up by 1.24%, Ultratech Cement up by 0.97% and Tata Steel up by 0.95%. On the flip side, Reliance Industries down by 2.01%, HCL Technologies down by 0.73%, TCS down by 0.69%, Asian Paints down by 0.42% and Infosys down by 0.38% were the top losers.

Meanwhile, the Society of Indian Automobile Manufacturers (SIAM) has said that automobile exports from India rose 22 per cent year-on-year in the April-June quarter of current financial (Q1FY26) year driven by record shipment of passenger vehicles and robust growth in segments like two-wheelers and commercial vehicles. 

It stated total exports across segments rose to 14,57,461 units in the first quarter as compared to 11,92,566 units in April-June quarter of last financial year. Passenger vehicles saw the highest-ever exports in the first quarter at 2,04,330 units, a growth of 13 per cent compared to 1,80,483 units in the same period last year. 

Export growth in this segment was driven by stable demand across most markets, with strong performance in the Middle East and Latin America. It noted revival in neighbouring markets like Sri Lanka and Nepal, rising demand from Japan, and growing exports under FTAs such as Australia also contributed to the overall uptick.

The CNX Nifty is currently trading at 25036.65, up by 68.25 points or 0.27% after trading in a range of 24882.30 and 25071.05. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were ICICI Bank up by 2.34%, HDFC Bank up by 1.37%, Eternal up by 1.28%, Hindalco up by 1.11% and Ultratech Cement up by 1.05%. On the flip side, Indusind Bank down by 2.45%, Reliance Industries down by 2.05%, Wipro down by 1.85%, Tata Consumer Product down by 1.27% and JSW Steel down by 0.88% were the top losers. 

Asian markets are trading mostly in green; Hang Seng advanced 69.54 points or 0.28% to 24,895.20, KOSPI increased 18.72 points or 0.59% to 3,206.79, Straits Times rose 15.49 points or 0.37% to 4,204.99, Jakarta Composite gained 66.82 points or 0.91% to 7,378.74 and Shanghai Composite strengthened 15.41 points or 0.43% to 3,549.89. On the flip side, Taiwan Weighted lost 76.38 points or 0.33% to 23,306.75.