Indian markets made a positive start on Tuesday tracking gains in Asian peers and with signs of relief or de-escalations to improve the hopes of the long-awaited peace deal between Iran and the United States. Sensex and Nifty were trading higher with notable gains in early deals amid easing global crude oil prices. Buying in Realty, Telecom and Bankex counters supported the markets, whereas selling in IT and TECK stocks kept upside limited. Some support came amid reports that India’s merchandise exports have recorded about 15 per cent growth during April-May 2026-27 despite global economic uncertainties. On the sectoral front, select telecom stocks were in focus amid reports that the Bombay HC quashed the Centre’s one-time spectrum charge imposed unilaterally in 2012, from 2008 onwards.
On the global front, Asian markets were trading mostly higher as investors assessed the fragile ceasefire in the West Asia. Iran has halted military strikes against Israel but warned it would resume attacks if Israeli forces continued operations in Lebanon. Hours later, Israeli Prime Minister Benjamin Netanyahu said the conflict with Iran and Hezbollah was “not yet over”, keeping sentiment cautious.
The BSE Sensex is currently trading at 73779.14, up by 254.88 points or 0.35% after trading in a range of 73778.10 and 74035.41. There were 17 stocks advancing against 13 stocks declining on the index.
The top gaining sectoral indices on the BSE were Realty up by 1.61%, Telecom up by 1.57%, Bankex up by 1.22%, Industrials up by 0.88% and Auto up by 0.76%, while IT down by 0.48%, TECK down by 0.28% and Utilities down by 0.08% were the only losing indices on BSE.
The top gainers on the Sensex were Trent up by 1.67%, Axis Bank up by 1.62%, ICICI Bank up by 1.55%, Interglobe Aviation up by 1.51% and Bajaj Finserv up by 1.09%. On the flip side, Infosys down by 1.27%, Titan Company down by 1.21%, NTPC down by 1.12%, Tech Mahindra down by 1.01% and Tata Steel down by 0.59% were the top losers.
Meanwhile, the Reserve Bank of India's (RBI) data on Developments in India’s Balance of Payments has showed that India reported a current account surplus of $7.1 billion, or 0.7 per cent of Gross Domestic Product (GDP), in the January-March quarter of 2025-26 (Q4FY26). The surplus had stood at $13.7 billion, or 1.4 per cent of GDP, in the fourth quarter of 2024-25.
As per data, net services receipts increased to $60.4 billion in Q4 2025-26 from $53.3 billion a year ago. Services exports increased on a year-on-year basis in major categories, such as computer services and other business services. On the other hand, the merchandise trade deficit at $83.4 billion in Q4 2025-26 was higher than $59.3 billion in Q4 2024-25.
Moreover, for the entire fiscal year, the current account deficit stood at $25.2 billion, or 0.6 per cent of GDP, compared to $22.9 billion, or 0.6 per cent of GDP, during 2024-25. Net invisibles receipts stood at $312.0 billion were higher in 2025-26 than $264.0 billion a year ago, primarily on account of net services receipts and net personal transfers.
The CNX Nifty is currently trading at 23196.80, up by 73.80 points or 0.32% after trading in a range of 23194.90 and 23259.45. There were 33 stocks advancing against 17 stocks declining on the index.
The top gainers on Nifty were Trent up by 1.61%, Grasim Industries up by 1.59%, ICICI Bank up by 1.53%, Interglobe Aviation up by 1.48% and Axis Bank up by 1.42%. On the flip side, Titan Company down by 1.41%, Infosys down by 1.36%, Tech Mahindra down by 1.13%, NTPC down by 1.06% and Coal India down by 0.90% were the top losers.
Asian markets were trading mostly in green; Nikkei 225 surged 1251.4 points or 1.95% to 65,276.00, Taiwan Weighted jumped 1205.29 points or 2.77% to 44,708.07, KOSPI soared 449.08 points or 6% to 7,933.49, Jakarta Composite rose 124.82 points or 2.34% to 5,466.96, Straits Times strengthened 51.8 points or 1.04% to 5,015.47 and Shanghai Composite gained 20.34 points or 0.51% to 3,979.68, while Hang Seng declined 57.06 points or 0.23% to 24,600.00.
