Indian equity benchmarks maintained their up-move in morning session mirroring a rally in global equities and a sharp decline in crude oil prices, after the US and Iran finalised a deal to end their 107-day war. Traders took support as the Ministry of External Affairs said that Prime Minister Narendra Modi held discussions with French President Emmanuel Macron on a wide range of areas, including AI, startups, trade, infrastructure, mobility and health. Some support also came as Commerce and Industry Minister Piyush Goyal said that India and Switzerland have discussed new investment opportunities for Swiss pharma companies in the country's rapidly growing healthcare and life sciences sector. Traders overlooked the government data showing that retail inflation inched up in May to 3.93 per cent compared to 3.48 per cent in the preceding month due to higher food prices. On the global front, Asian markets are trading higher with investors cheering the news about Iran and the U.S. signing a peace deal to end the crisis in the Middle East.
The BSE Sensex is currently trading at 76707.19, up by 1179.24 points or 1.56% after trading in a range of 76524.17 and 76821.07. There were 28 stocks advancing against 2 stocks declining on the index.
The top gaining sectoral indices on the BSE were Realty up by 3.37%, Auto up by 2.84%, Consumer Disc up by 2.57%, Industrials up by 2.27% and Consumer Durables up by 2.09%, while Healthcare down by 0.11% was the lone losing index on BSE.
The top gainers on the Sensex were Interglobe Aviation up by 4.85%, Bajaj Finance up by 4.34%, Trent up by 4.27%, Eternal up by 4.08% and Bajaj Finserv up by 4.05%. On the flip side, NTPC down by 0.32% and Sun Pharma down by 0.29% were the only losers.
Meanwhile, the Micro Finance Industry Network (MFIN) in its latest report said that after a prolonged period of challenges, the microfinance sector has shown early signs of recovery with the industry portfolio witnessing a sequential uptick in the fourth quarter of the financial year 2025-26 (Q4FY26). The report stated ‘Data for Q4FY26 indicates early signs of recovery in the sector. After seven quarters of portfolio contraction, this quarter witnessed a QoQ uptick of over 3 per cent.’ As on March 31, 2026, the industry portfolio stood at Rs 3,25,174 crore.
According to the report, the portfolio expansion was supported by quarterly disbursement of Rs 77,524 crore, the highest level seen in the past seven quarters, though still below the peak achieved in Q4FY24. Alok Misra, chief executive officer and director of MFIN, said ‘We can now say that despite the tough two years, industry is turning the corner as evidenced by uptick in portfolio and continued improvement in Portfolio At Risk.’ Further, the report said that the improvement in growth was mirrored by an improvement in asset quality. Despite seven quarters of contraction, the credit quality has returned to pre March 2024 levels.
Besides, the report stated, funding conditions also improved in FY26. NBFC-MFIs received total debt funding of Rs 77,867 crore during FY26, an increase of 30.9 per cent as compared with FY25. It mentioned ‘During FY 25-26 Banks contributed 77.4 per cent of the borrowings received, 12.2 per cent from Non-Bank entities, 4.6 per cent from ECB, 3.9 per cent from others and 1.9 per cent from AIFIs.’
The CNX Nifty is currently trading at 23972.60, up by 349.70 points or 1.48% after trading in a range of 23927.35 and 24011.40. There were 42 stocks advancing against 8 stocks declining on the index.
The top gainers on Nifty were Shriram Finance up by 5.01%, Interglobe Aviation up by 4.74%, Bajaj Finance up by 4.31%, Trent up by 4.25% and Bajaj Finserv up by 4.12%. On the flip side, ONGC down by 1.24%, Cipla down by 0.88%, Apollo Hospital down by 0.78%, Hindalco down by 0.63% and NTPC down by 0.34% were the top losers.
All Asian markets are trading higher; Nikkei 225 surged 3324.96 points or 5.04% to 69,345.00, Taiwan Weighted added 1138.91 points or 2.58% to 45,307.95, Jakarta Composite gained 302.07 points or 5.03% to 6,309.73, Shanghai Composite strengthened 40.97 points or 1.02% to 4,072.48, KOSPI increased 436.02 points or 5.37% to 8,559.64, Hang Seng advanced 116.9 points or 0.47% to 24,835.00 and Straits Times rose 50.73 points or 1.01% to 5,076.53.
