Indian equity benchmarks continued to trade flat in late morning deals, following a renewed flare-up in geopolitical tensions after fresh military exchanges between the US and Iran. Traders remained cautious as a monthly government report for May 2026 showed infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of around Rs 5.4 lakh crore. However, traders took some support with Crisil Ratings’ report stated that the profitability impact of the recent West Asia conflict on India Inc is expected to be far lower than initially projected if the US-Iran ceasefire remains intact and energy supplies continue to normalise. Meanwhile, the commerce ministry has called a meeting of stakeholders on June 30 to discuss issues related to special economic zones (SEZs). The meeting will focus on issues related to the harmonisation of export promotion schemes and SEZ reforms. On the global front, Asian markets were trading mixed following the broadly negative cues from Wall Street on Friday, as traders remain cautious after renewed hostilities in the Middle East over the weekend.
The BSE Sensex is currently trading at 77066.90, down by 33.57 points or 0.04% after trading in a range of 76853.93 and 77252.78. There were 17 stocks advancing against 13 stocks declining on the index.
The top gaining sectoral indices on the BSE were Healthcare up by 1.46%, Metal up by 0.66%, FMCG up by 0.33% and Basic Materials up by 0.07%, while Telecom down by 1.44%, Auto down by 1.40%, TECK down by 0.98%, IT down by 0.95% and Oil & Gas down by 0.92% were the top losing indices on BSE.
The top gainers on the Sensex were Eternal up by 1.76%, Trent up by 1.53%, Sun Pharma up by 1.51%, Bajaj Finance up by 0.84% and Tata Steel up by 0.82%. On the flip side, Kotak Mahindra Bank down by 2.05%, Interglobe Aviation down by 2.05%, Mahindra & Mahindra down by 1.89%, Bharti Airtel down by 0.89% and TCS down by 0.88% were the top losers.
Meanwhile, ratings agency ICRA in its latest report has said that Indian commercial vehicle (CV) industry is projected to record a moderate 4-6 per cent year-on-year (YoY) growth in wholesale volumes in current financial year (FY27) with the broadened base of last fiscal likely to have some bearing on the growth momentum of this year.
The report stated that medium and heavy commercial vehicles (trucks) and light commercial vehicles (trucks) segments are expected to post a YoY volume growth of 1-3 per cent and 6-8 per cent, respectively, while the buses segment is likely to see a 7-9 per cent YoY growth over the fiscal.
Further, it stated that sustained infrastructure investments, stronger freight activity, and replacement demand are expected to drive volume growth, although rising fuel costs and financing challenges remain key headwinds.
Besides, it mentioned that in May this year, the Indian Commercial Vehicle wholesale volumes reported a healthy 13.5 per cent YoY growth while witnessing a sequential decline of 1.1 per cent. The domestic CV retail volumes reported a moderate 5.3 per cent YoY growth in May 2026, while recording a sequential decline of 18.3 per cent.
The CNX Nifty is currently trading at 24056.75, up by 0.75 points after trading in a range of 24005.45 and 24120.00. There were 30 stocks advancing against 20 stocks declining on the index.
The top gainers on Nifty were Dr. Reddy's Labs. up by 4.08%, Cipla up by 2.73%, Max Healthcare up by 2.36%, Eternal up by 1.80% and Hindalco Industries up by 1.55%. On the flip side, Adani Enterprises down by 2.60%, Kotak Mahindra Bank down by 2.14%, Eicher Motors down by 2.01%, Interglobe Aviation down by 1.99% and Mahindra & Mahindra down by 1.60% were the top losers.
Asian markets were trading mixed; Hang Seng advanced 391.14 points or 1.73% to 23,063.00, Straits Times rose 6.33 points or 0.12% to 5,198.06, Taiwan Weighted added 484.5 points or 1.09% to 45,056.26 and Shanghai Composite strengthened 11.57 points or 0.29% to 4,038.83. On the flip side, Nikkei 225 slipped 560.88 points or 0.81% to 68,800.00, Jakarta Composite plunged 57.18 points or 0.97% to 5,838.95 and KOSPI dropped 103.68 points or 1.23% to 8,307.53.
