Domestic equity indices remained volatile and traded near neutral lines with a positive bias in late morning deals, supported by buying in Infosys, Tech Mahindra, TCS, InterGlobe Aviation, and HCL Technologies. There were some encouragements in markets as the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.0 in May from 54.7 in April. However, gains remained capped as crude oil prices rose after Israel ordered troops to push deeper into Lebanon, renewing concerns that clashes with the Iran-backed Hezbollah group could threaten a fragile ceasefire between Washington and Tehran. On the BSE sectoral front, traders were seen piling up positions in IT, TECK, Telecom, Energy and Realty, while selling was witnessed in Power, Capital Goods, Utilities, Industrials and FMCG.
On the global front, Asian markets were trading mostly in green following positive cues from the US markets on Friday. Back home, in the stock specific development, PNC Infratech surged as the company has been declared as L1 (First Lowest) bidder in an airport engineering, procurement and construction (EPC) project by Airports Authority of India for a quoted price of Rs 302.44 crore (excluding GST).
The BSE Sensex is currently trading at 74868.04, up by 92.30 points or 0.12% after trading in a range of 74715.52 and 75367.93. There were 10 stocks advancing against 20 stocks declining on the index.
The top gaining sectoral indices on the BSE were IT up by 3.34%, TECK up by 2.19%, Telecom up by 0.92%, Energy up by 0.59% and Realty up by 0.31%, while Power down by 1.36%, Capital Goods down by 1.20%, Utilities down by 0.83%, Industrials down by 0.73% and FMCG down by 0.72% were the top losing indices on BSE.
The top gainers on the Sensex were Infosys up by 4.67%, Tech Mahindra up by 4.17%, TCS up by 3.05%, Interglobe Aviation up by 2.01% and HCL Technologies up by 1.64%. On the flip side, Kotak Mahindra Bank down by 1.27%, Hindustan Unilever down by 1.19%, NTPC down by 1.02%, Bharat Electronics down by 0.90% and Mahindra & Mahindra down by 0.87% were the top losers.
Meanwhile, the Reserve Bank of India (RBI) in its latest data has showed that India's services trade recorded strong growth in April 2026, with exports rising by 12.7% to $37.021 billion. The service exports mark the highest growth in the calendar year. Imports also rose by 8.9%, reaching $18.417 billion during the same period.
The expansion came despite the ongoing geopolitical conflict in West Asia, which has significantly impacted global trade, energy supply chains and regional economies. Further, rising West Asia tensions has also led to a depreciation of the Indian rupee.
RBI in its annual report of 2025-26 said that amidst heightened global policy uncertainties and geopolitical tensions, India's external sector remained broadly resilient due to efforts towards diversification of exports, a sustained surplus in services trade and steady inward remittances.
The CNX Nifty is currently trading at 23559.15, up by 11.40 points or 0.05% after trading in a range of 23517.70 and 23733.70. There were 18 stocks advancing against 32 stocks declining on the index.
The top gainers on Nifty were Infosys up by 4.56%, Tech Mahindra up by 4.14%, Coal India up by 2.94%, TCS up by 2.82% and Interglobe Aviation up by 2.10%. On the flip side, Hindustan Unilever down by 1.53%, Max Healthcare down by 1.47%, Mahindra & Mahindra down by 1.23%, Nestle down by 1.13% and Kotak Mahindra Bank down by 1.12% were the top losers.
Asian markets were trading mostly in green; Nikkei 225 surged 602.5 points or 0.91% to 66,932.00, Taiwan Weighted added 604.97 points or 1.35% to 45,337.91, KOSPI increased 340.76 points or 4.02% to 8,816.91 and Hang Seng advanced 210.61 points or 0.84% to 25,393.00. However, Shanghai Composite weakened 3.52 points or 0.09% to 4,065.05.
