Indian equity markets maintained gains in late afternoon session amid strong buying among the market heavy weights including Reliance Industries, HDFC Bank and Infosys. Investors were optimistic following the positive and constructive talks between the U.S. and Iran at Switzerland. Besides, Commerce and Industry Minister Piyush Goyal’s comments regarding likely signing of India-EU Free Trade Agreement, bolstered sentiment on the bourses. He stated that India and the 27-member European Union (EU) are likely to sign a Free Trade Agreement (FTA) by December 2026, with implementation likely between February and March 2027. Further, capital inflows from Foreign Institutional Investors (FIIs) supported the gains. FIIs were net buyers on Friday’s session with net buying of Rs 4,859.07 crore.
On the global front, Asian equity markets were trading mixed following lack of cues from Wall Street. European equity markets were trading lower amid worries of a tighter monetary by the US Federal Reserve.
The BSE Sensex is currently trading at 77209.50, up by 406.60 points or 0.53% 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 IT up by 1.10%, TECK up by 0.99%, Utilities up by 0.84%, Energy up by 0.79% and Healthcare up by 0.79%, while Consumer Durables down by 0.86%, FMCG down by 0.40% and Metal down by 0.19% were the few losing indices on BSE.
The top gainers on the Sensex were Infosys up by 2.29%, Reliance Industries up by 1.78%, Tech Mahindra up by 1.36%, Sun Pharmaceutical Industries up by 1.17% and HDFC Bank up by 0.94%. On the flip side, Asian Paints down by 1.94%, Titan Company down by 1.05%, ITC down by 0.95%, Power Grid Corporation down by 0.89% and Trent down by 0.54% were the top losers.
Meanwhile, ratings agency ICRA, in its latest report, has projected a moderate growth of 3-5 per cent in wholesale volumes for the Indian two-wheeler industry in FY27. It said the sector is expected to face headwinds from a high base effect, the possibility of a weak monsoon due to El Nino conditions, and vehicle price increases driven by inflationary pressures.
Despite these challenges, ICRA said the industry continues to display resilience, supported by improving domestic demand, healthy retail momentum, and sustained growth in exports. The growth is also likely to benefit from improved affordability following GST rationalisation and replacement purchases. However, it cautioned that geopolitical tensions in West Asia remain a key risk, as any escalation could disrupt supply chains and increase industry costs.
The report said domestic wholesale volumes grew strongly by 15.7 per cent year-on-year to 19 lakh units in May 2026, aided by stronger consumer demand following GST 2.0 reforms and advance purchases ahead of anticipated price hikes by manufacturers. Retail sales also remained robust, rising 7.5 per cent year-on-year during the month.
It further said the electric mobility segment continued to gain momentum, with retail electric two-wheeler sales surging 71.7 per cent year-on-year to 1,72,148 units in May 2026. Electric two-wheelers accounted for 8.9 per cent of total two-wheeler sales, reflecting growing consumer acceptance and continued improvement in the EV ecosystem.
The CNX Nifty is currently trading at 24132.80, up by 119.70 points or 0.50% after trading in a range of 24073.15 and 24168.05. There were 32 stocks advancing against 18 stocks declining on the index.
The top gainers on Nifty were Cipla up by 4.60%, Infosys up by 2.72%, Reliance Industries up by 1.76%, Dr. Reddy's Laboratories up by 1.72% and Tech Mahindra up by 1.45%. On the flip side, Asian Paints down by 1.88%, Titan Company down by 0.97%, Power Grid Corporation down by 0.92%, Shriram Finance down by 0.89% and Nestle down by 0.88% were the top losers.
Asian equity markets were trading mixed; Nikkei 225 surged 1239.94 points or 1.71% to 72,490.00, Taiwan Weighted added 1276.31 points or 2.67% to 47,741.51, KOSPI increased 62.13 points or 0.68% to 9,114.55 and Shanghai Composite strengthened 72.62 points or 1.74% to 4,163.10, while Hang Seng declined 137.81 points or 0.58% to 23,787.00, Straits Times fell 8.52 points or 0.16% to 5,184.18 and Jakarta Composite plunged 45.08 points or 0.74% to 6,132.06.
European equity markets were trading lower; UK’s FTSE 100 decreased 12.12 points or 0.12% to 10,351.15, France’s CAC fell 31.24 points or 0.37% to 8,389.90 and Germany’s DAX lost 6.02 points or 0.02% to 24,979.80.
