Tuesday’s trading session witnessed a turnaround in Indian equity markets, with both Sensex and Nifty recovering from losses to end higher amid easing crude oil prices. After a negative start, indices remained lackluster during the first half of the session. However, sustained buying interest in IT and Teck stocks during the second half of the session pushed the indices higher.
Some of the important factors in trade:
India-US finalize most elements of first phase of BTA, now focus on minor issues: Sentiments were upbeat as Commerce and Industry Minister Piyush Goyal has said that India and US have finalised most elements of the first phase of the bilateral trade agreement (BTA), and negotiations are now focused on a few minor issues.
Govt meets FY26 fiscal deficit target of 4.4% of GDP: Traders took a note of the data released by the Controller General of Accounts (CGA) showing that the government met its fiscal deficit target of 4.4 per cent of gross domestic product (GDP) for FY 2025-26 (FY26). The government’s fiscal deficit for 2024-25 was 4.8 per cent of the GDP.
Free trade agreement between India, Oman comes into force on June 01: Investors got some comfort after Commerce and Industry Minister Piyush Goyal said that the free trade agreement between India and Oman came into force on June 01, 2026 after completion of internal processes by both sides.
Firm global cues: European markets were trading higher, while Asian markets settle mostly higher on Tuesday, as U.S. President Donald Trump confirmed ongoing U.S.-Iran talks and said he had persuaded Israel and Hezbollah to dial back fighting.
The BSE Sensex ended at 74,649.84, up by 382.50 points or 0.52% after trading in a range of 73815.12 and 74862.19. There were 20 stocks advancing against 10 stocks declining on the index. (Provisional)
The top gaining sectoral indices on the BSE were IT up by 4.40%, TECK up by 2.96%, Consumer Durables up by 1.23%, Telecom up by 0.95% and Consumer Discretionary up by 0.83%, while Utilities down by 0.61%, Power down by 0.61%, Healthcare down by 0.38%, Oil & Gas down by 0.17% and PSU down by 0.16% were the top losing indices on BSE. (Provisional)
The top gainers on the Sensex were TCS up by 6.53%, Infosys up by 5.66%, HCL Tech. up by 4.18%, Adani Ports & SEZ up by 1.84% and Tech Mahindra up by 1.67%. On the flip side, NTPC down by 2.84%, Axis Bank down by 1.74%, Power Grid down by 1.38%, Bajaj Finserv down by 0.79% and ICICI Bank down by 0.73% were the top losers. (Provisional)
Meanwhile, India and South Africa took a step towards deepening bilateral engagement by holding a meeting in New Delhi focused on enhancing cooperation and collaboration in the Micro, Small and Medium Enterprises (MSME) sector, acknowledging its pivotal role in promoting sustainable economic growth, job creation, and inclusive development.
The meeting was co-chaired by Jitan Ram Manjhi, Minister of MSME, Government of India, and Stella Tembisa Ndabeni, Minister of Small Business Development, Republic of South Africa. The discussions also reflected India and South Africa’s shared commitment to fostering a conducive environment for the development and competitiveness of MSMEs in both nations.
Both the countries discussed potential areas of cooperation, including enhancing access to finance, promoting enterprise formalization, accelerating digitalization, strengthening entrepreneurship & skilling in MSME development.
The CNX Nifty ended at 23,483.55, up by 100.95 points or 0.43% after trading in a range of 23229.15 and 23556.95. There were 31 stocks advancing against 19 stocks declining on the index. (Provisional)
The top gainers on Nifty were TCS up by 6.51%, Infosys up by 5.68%, HCL Tech. up by 4.05%, Adani Enterprises up by 2.02% and Tech Mahindra up by 1.83%. On the flip side, NTPC down by 2.98%, Axis Bank down by 1.94%, Power Grid down by 1.40%, Dr. Reddy's Lab down by 1.27% and HDFC Life Insurance down by 1.13% were the top losers. (Provisional)
European markets were trading higher; UK’s FTSE 100 increased 36.59 points or 0.35% to 10,375.54, France’s CAC rose 58.31 points or 0.71% to 8,204.90 and Germany’s DAX gained 183.06 points or 0.73% to 25,186.10.
Asian markets settled mostly higher on Tuesday tracking Wall Street’s gains overnight after US President Donald Trump said talks with Iran were continuing at a rapid pace and that a memorandum of understanding with Iran could be reached within the next week. He also said that Israel and Hezbollah had agreed to dial back fighting. Market sentiment was also boosted by continued optimism surrounding artificial intelligence-related investments. However, Japanese shares declined on concerns over rising import costs and regional supply chain exposures. Markets are pricing in roughly a 78% probability that the Bank of Japan will raise interest rates again later this month as inflationary pressures linked to the Middle East conflict continue to build. Meanwhile, investors awaited the slew of US economic data scheduled for release this week, including US job openings data, jobless claims data and Nonfarm Payrolls report. Malaysian market remained close on account of holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 4,075.10 | 17.36 | 0.43 |
Hang Seng | 26,038.32 | 640.14 | 2.52 |
Jakarta Composite | 6,195.43 | 68.05 | 1.10 |
KLSE Composite | -- | -- | -- |
Nikkei 225 | 66,734.24 | -200.09 | -0.30 |
Straits Times | 5,097.42 | 59.56 | 1.18 |
KOSPI Composite | 8,801.49 | 13.11 | 0.15 |
Taiwan Weighted | 45,557.31 | 219.40 | 0.48 |
