Indian equity benchmarks came off from their intraday high points during early afternoon deals, however managed to trade in green on the back of heavy buying at Telecom and IT counters. Gains got trimmed in markets, amid a private report stating that a comparatively weak start of monsoon in the southwest of India has signalled a negative impact on the agricultural activity with a significant fall in kharif sowing on a year-on-year basis. Mixed cues from other Asian markets also impacted sentiments.
On the global front, Asian markets were trading mixed, on renewed uncertainty about the peace deal to end the Middle East war after US President Donald Trump threatened fresh strikes if Hezbollah continues its attacks on Israel, while Tehran announced the closure of the Strait of Hormuz again.
Back home, chemical sector in watch, after India has started an anti-dumping investigation into imports of a chemical ‘Resorcinol’ widely used in tyre and rubber products that are being imported from China and Japan, following a complaint filed by Atul Ltd with the Directorate General of Trade Remedies (DGTR).
The BSE Sensex is currently trading at 77175.72, up by 372.82 points or 0.49% after trading in a range of 77008.02 and 77325.56. There were 22 stocks advancing against 8 stocks declining on the index.
The top gaining sectoral indices on the BSE were Telecom up by 1.10%, IT up by 1.07%, TECK up by 1.01%, Auto up by 0.72% and Energy up by 0.67%, while Consumer Durables down by 0.63%, FMCG down by 0.27% and Power down by 0.15% were the few losing indices on BSE.
The top gainers on the Sensex were Reliance Industries up by 1.62%, Infosys up by 1.47%, Tech Mahindra up by 1.34%, TCS up by 0.87% and Sun Pharma up by 0.85%. On the flip side, Titan down by 1.20%, Power Grid down by 1.13%, Asian Paints down by 1.11%, ITC down by 0.75% and Adani Ports & SEZ down by 0.40% were the top losers.
Meanwhile, highlighting India’s export resilience, the Commerce and Industry Minister Piyush Goyal has said that the country's merchandise exports rose by about 15% during April-June 14, 2026 despite global economic uncertainties. He added that the country’s exports in 2025-26 recorded healthy growth even with 50% tariffs imposed by the US.
In May 2026, the country’s exports climbed to a six-month high of 18% to $45.2 billion, while the trade deficit widened to $28.21 billion. During April-May 2026-27, exports rose 16.09% to $88.91 billion and imports jumped 15.14% to $145.35 billion. The trade deficit stood at $56.44 billion during the period.
Meanwhile, the minister has urged the chartered accountants to contribute to make India a 'Viksit Bharat'. He has emphasized the need for collective effort for to achieve 'Viksit Bharat’ and has called upon senior officials, including the municipal commissioner and corporators, to start a cleanliness campaign.
The CNX Nifty is currently trading at 24122.75, up by 109.65 points or 0.46% after trading in a range of 24073.15 and 24168.05. There were 33 stocks advancing against 17 stocks declining on the index.
The top gainers on Nifty were Cipla up by 4.52%, Reliance Industries up by 1.64%, Tata Motors Passenger up by 1.60%, Dr. Reddy's Lab up by 1.56% and Infosys up by 1.49%. On the flip side, Shriram Finance down by 1.50%, Max Healthcare Inst down by 1.29%, Asian Paints down by 1.09%, Titan down by 1.06% and Power Grid down by 1.04% were the top losers.
Asian markets were trading mixed; KOSPI increased 62.13 points or 0.68% to 9,114.55, Taiwan Weighted added 1276.31 points or 2.67% to 47,741.51, Nikkei 225 surged 1239.94 points or 1.71% to 72,490.00 and Shanghai Composite strengthened 72.62 points or 1.74% to 4,163.10, while Jakarta Composite plunged 58.83 points or 0.95% to 6,118.31, Hang Seng declined 93.81 points or 0.39% to 23,831.00 and Straits Times fell 3.23 points or 0.06% to 5,189.47.
