Indian equity benchmarks erased most of their initial gains but managed to keep their heads above water in morning deals, led by gains in Banking, Auto and Realty stocks and easing of hostilities between Israel and Iran. Traders took some support with the Reserve Bank data showing that India reported a current account surplus of $7.1 billion, or 0.7 per cent of GDP, in the January-March quarter of 2025-26. Some support also came as the report stated that discussions between India and the UK are progressing well to resolve certain outstanding issues, including Britain's steel safeguard measure, for the implementation of the free trade agreement. However, markets trimmed gains as some concerns came with exchange data showed Foreign Institutional Investors (FIIs) remained net sellers on June 8, 2026, with a net outflow of Rs 5,555.67 crore. On the global front, Asian markets were trading mostly in green, amid renewed optimism over the Middle East conflict after Iran and Israel agreed to halt attacks against each other following a recent escalation in violence.
The BSE Sensex is currently trading at 73579.03, up by 54.77 points or 0.07% after trading in a range of 73510.50 and 74035.41. There were 14 stocks advancing against 16 stocks declining on the index.
The top gaining sectoral indices on the BSE were Bankex up by 1.15%, Auto up by 1.03%, Realty up by 1.02%, Healthcare up by 0.90% and Industrials up by 0.75%, while TECK down by 0.71%, IT down by 0.67%, Utilities down by 0.60%, Metal down by 0.18% and Power down by 0.04% were the top losing indices on BSE.
The top gainers on the Sensex were Trent up by 2.42%, Interglobe Aviation up by 1.75%, Mahindra & Mahindra up by 1.49%, ICICI Bank up by 1.32% and Bajaj Finserv up by 1.28%. On the flip side, NTPC down by 1.76%, Tech Mahindra down by 1.58%, Titan Company down by 1.54%, Eternal down by 1.45% and Power Grid Corporation down by 1.34% were the top losers.
Meanwhile, Vimal Anand, Joint Secretary of Department of Commerce, has said that India's engineering exports have witnessed a significant surge, rising from around $70 billion in the 2014-15 fiscal year to a record $122.43 billion in 2025-26 (FY26). The remarkable rise in the sector over the past 12 years reflects the expanding strength, resilience, and global competitiveness of the country's manufacturing sector.
He said their share in India's merchandise exports has steadily increased from about one-fifth of total exports to nearly 28 per cent, reaffirming the sector's position as the largest contributor to the country's merchandise export basket. He noted that the sector has demonstrated exceptional resilience despite global geopolitical uncertainties, supply chain disruptions and changing trade dynamics.
He further said that the engineering export basket has become increasingly diversified over the years, with Indian products establishing a strong presence across major global markets, including North America, the European Union and other advanced economies. The development reflects the quality, reliability and global competitiveness of Indian engineering goods. Emphasising that exports remain an important driver of economic growth, employment generation and integration into global value chains, he stated that the government has adopted a proactive and consultative approach towards export promotion, maintaining continuous engagement with industry stakeholders to understand emerging challenges and respond through timely policy interventions.
The CNX Nifty is currently trading at 23155.20, up by 32.20 points or 0.14% after trading in a range of 23129.10 and 23259.45. There were 27 stocks advancing against 23 stocks declining on the index.
The top gainers on Nifty were Trent up by 2.36%, JIO Financial Services up by 1.81%, Interglobe Aviation up by 1.75%, Grasim Industries up by 1.45% and Mahindra & Mahindra up by 1.42%. On the flip side, NTPC down by 1.64%, Tech Mahindra down by 1.58%, Eternal down by 1.55%, Titan Company down by 1.47% and Infosys down by 1.39% were the top losers.
Asian markets were trading mostly in green; Nikkei 225 surged 1170.4 points or 1.83% to 65,195.00, Taiwan Weighted added 1261.59 points or 2.9% to 44,764.37, Jakarta Composite gained 257.6 points or 4.82% to 5,599.74, Shanghai Composite strengthened 26.63 points or 0.67% to 3,985.97, KOSPI increased 545.67 points or 7.29% to 8,030.08 and Straits Times rose 49.86 points or 1% to 5,013.53, while Hang Seng declined 71.06 points or 0.29% to 24,586.00.
