Indian equity markets came off from their intraday high points in early afternoon deals, still were holding notable gains, on the back of heavy buying at almost all counters except healthcare, tracking positive Asian markets. Some gains got trimmed after India's wholesale price index (WPI) inflation surged to 9.68 per cent in May 2026 under a new revised series, with higher food and fuel prices amid the continuing Middle East tensions due to the US-Iran war that inflated global crude prices and strained supply chains. On the global front, all Asian markets were trading higher, after the United States and Iran agreed to a deal aimed at halting the Middle East conflict, sending bond yields and oil prices tumbling.
The BSE Sensex is currently trading at 76452.82, up by 924.87 points or 1.22% after trading in a range of 76405.69 and 76821.07. There were 25 stocks advancing against 5 stocks declining on the index.
The top gaining sectoral indices on the BSE were Realty up by 4.20%, Auto up by 2.89%, Consumer Disc up by 2.71%, Consumer Durables up by 2.05% and Industrials up by 1.92%, while Healthcare down by 0.26% was the only losing index on BSE.
The top gainers on the Sensex were Trent up by 5.10%, Eternal up by 4.41%, Interglobe Aviation up by 4.21%, Maruti Suzuki up by 3.93% and Bajaj Finserv up by 3.93%. On the flip side, NTPC down by 1.31%, Sun Pharma down by 0.12%, ICICI Bank down by 0.11%, Bharat Electronics down by 0.06% and Power Grid down by 0.02% were the top losers.
Meanwhile, India and Switzerland have held talks focused on strengthening innovation, as well as on new investment opportunities for Swiss pharma companies in India's rapidly growing healthcare and life sciences sector. The discussions were held between Commerce and Industry Minister Piyush Goyal and Helene Budliger Artieda, State Secretary for Economic Affairs of Switzerland and representatives of leading Swiss pharmaceutical and biotechnology companies.
The Commerce and Industry Minister is in Berne, Switzerland, to discuss ways to promote trade and investment. He also held a bilateral meeting with Guy Parmelin, President of the Swiss Confederation. He added that discussions reaffirmed the strong and enduring partnership between India and Switzerland, with a shared commitment to further strengthening economic engagement, investment flows, and strategic India-EFTA Trade and Economic Partnership Agreement (TEPA).
In 2024, total bilateral trade between India and Switzerland stood at around $26.83 billion, with India exporting goods worth $1.67 billion and importing good worth $25.17 billion. Switzerland is amongst world’s major gold refining centres. India exports to Switzerland include organic chemicals, pearls, precious stones and jewellery, textiles and garments, dyestuffs, electrical machinery and parts, leather products, shoes and shoe uppers, cotton, plastics, coffee, etc.
The CNX Nifty is currently trading at 23899.60, up by 276.70 points or 1.17% after trading in a range of 23892.35 and 24011.40. There were 38 stocks advancing against 11 stocks declining, while 1 stock remained unchanged on the index.
The top gainers on Nifty were Shriram Finance up by 5.35%, Trent up by 5.15%, Eternal up by 4.39%, Interglobe Aviation up by 4.14% and Maruti Suzuki up by 4.00%. On the flip side, NTPC down by 1.44%, ONGC down by 1.00%, Bajaj Auto down by 0.66%, Hindalco down by 0.63% and Cipla down by 0.49% were the top losers.
All Asian markets were trading higher; KOSPI increased 422.36 points or 4.94% to 8,545.98, Nikkei 225 surged 3334.96 points or 4.81% to 69,355.00, Jakarta Composite gained 281.5 points or 4.69% to 6,289.16, Taiwan Weighted added 1227.95 points or 2.7% to 45,396.99, Shanghai Composite strengthened 64.96 points or 1.59% to 4,096.47, Straits Times rose 56.16 points or 1.12% to 5,081.96 and Hang Seng advanced 159.9 points or 0.65% to 24,878.00.
