Domestic equity indices were trading higher with gains of around quarter percent in afternoon deals, driven by buying interest in InterGlobe Aviation, SBI, Mahindra & Mahindra, Trent, and Bajaj Finserv companies’ stocks. Falling crude oil prices and positive signals from other Asian markets supported domestic market sentiment. Crude oil prices fell after Iran and Israel said they had halted attacks on each other after an appeal from U.S. President Donald Trump that they immediately stop shooting. Besides, some support also came in from report that India’s merchandise exports have recorded about 15 per cent growth during April-May 2026-27 despite global economic uncertainties. On the BSE sectoral front, traders were seen piling up positions in Auto, Bankex, Realty, Consumer Disc and Industrials, while selling pressure was seen in Utilities, TECK, and IT.
On the global front, Asian markets traded higher following mostly positive cues from US markets overnight. Back home, in the stock specific development, Avantel surged as the company secured contract worth Rs 9.94 crore (including taxes) from Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India.
The BSE Sensex is currently trading at 73698.89, up by 174.63 points or 0.24% after trading in a range of 73426.18 and 74035.41. There were 17 stocks advancing against 13 stocks declining on the index.
The top gaining sectoral indices on the BSE were Auto up by 1.35%, Bankex up by 1.33%, Realty up by 1.10%, Consumer Disc up by 0.95% and Industrials up by 0.95%, while Utilities down by 0.60%, TECK down by 0.54% and IT down by 0.40% were few losing indices on BSE.
The top gainers on the Sensex were Interglobe Aviation up by 3.30%, SBI up by 1.59%, Mahindra & Mahindra up by 1.57%, Trent up by 1.53% and Bajaj Finserv up by 1.15%. On the flip side, NTPC down by 1.75%, Power Grid down by 1.45%, Titan down by 1.42%, Eternal down by 1.25% and Infosys down by 1.05% were the top losers.
Meanwhile, with an aim to attract foreign capital inflows, the Reserve Bank of India (RBI) has introduced a US dollar-rupee forex swap facility for fresh FCNR (B) deposits mobilised by banks for a minimum tenor of three years and a maximum of five years.
Foreign Currency Non-Resident (Bank) deposits are foreign currency term deposits maintained by non-resident Indians (NRIs). The RBI stated that under the swap arrangement, a bank can sell US Dollars in multiples of $1 million to the RBI and simultaneously agree to buy the same amount of US dollars at the end of the swap period.
The swap facility will be available to the AD Category I banks for newly mobilized FCNR (B) deposits in any freely convertible currency, including deposits that are renewed upon maturity, for a minimum tenor of 3 years and a maximum tenor of 5 years. However, it stated the swap facility with RBI will be available only in US dollars.
The CNX Nifty is currently trading at 23181.20, up by 58.20 points or 0.25% after trading in a range of 23104.45 and 23259.45. There were 33 stocks advancing against 17 stocks declining on the index.
The top gainers on Nifty were Interglobe Aviation up by 3.31%, JIO Financial up by 2.05%, Grasim Industries up by 1.63%, Eicher Motors up by 1.61% and SBI up by 1.58%. On the flip side, NTPC down by 1.67%, Titan down by 1.45%, Power Grid down by 1.45%, Eternal down by 1.23% and Infosys down by 1.09% were the top losers.
All Asian markets were trading higher; Nikkei 225 surged 1225.4 points or 1.88% to 65,250.00, Taiwan Weighted added 1201.66 points or 2.69% to 44,704.44, Jakarta Composite gained 257.6 points or 4.6% to 5,599.74, Shanghai Composite strengthened 38.55 points or 0.96% to 3,997.89, KOSPI increased 598.21 points or 7.4% to 8,082.62, Hang Seng advanced 47.94 points or 0.19% to 24,705.00 and Straits Times rose 50.18 points or 1% to 5,013.85.
