Domestic equity indices were trading lower with cut of around quarter a percent in early afternoon session on account of selling in stocks of Kotak Mahindra Bank, Interglobe Aviation, Mahindra & Mahindra, Maruti Suzuki India and Reliance Industries. Rising crude oil prices weighed on the domestic sentiment. Crude oil prices rose as the U.S. attacked Iranian military targets over the weekend in retaliation for Iranian strikes in the Strait of Hormuz. Traders overlooked report that India's forex reserves increased by $963 million to $672.59 billion during the week ended June 19. In BSE sectoral trade, buying was seen in Healthcare, Metal, Utilities, and Power, whereas Auto, IT, Telecom, TECK, and Realty witnessed selling pressure.
On the global front, Asian markets were trading mostly in the green ahead of Japan’s release of May retail sales data on Monday. Sales are expected to rise 3.1 percent year-on-year, up from 2.1 percent in April. Back home, in the stock specific development, Hexaware Technologies surged after the company has become an Anthropic authorised reseller for Amazon Bedrock.
The BSE Sensex is currently trading at 76867.43, down by 233.04 points or 0.30% after trading in a range of 76853.93 and 77252.78. There were 12 stocks advancing against 18 stocks declining on the index.
The few gaining sectoral indices on the BSE were Healthcare up by 1.37%, Metal up by 0.78%, Utilities up by 0.14% and Power up by 0.08%, while Auto down by 1.84%, IT down by 1.06%, Telecom down by 1.04%, TECK down by 0.92% and Realty down by 0.88% were the top losing indices on BSE.
The top gainers on the Sensex were Trent up by 1.91%, Sun Pharma up by 1.49%, NTPC up by 1.39%, Eternal up by 1.33% and Power Grid up by 1.22%. On the flip side, Kotak Mahindra Bank down by 2.44%, Interglobe Aviation down by 2.30%, Mahindra & Mahindra down by 2.01%, Maruti Suzuki India down by 1.26% and Reliance Industries down by 1.25% were the top losers.
Meanwhile, with an aim of expanding bilateral trade, investment flows and strategic economic collaboration, the Union Minister of Commerce and Industry Piyush Goyal is leading a business delegation to Greece. The engagement reflects the Government of India's continued commitment to strengthening global economic partnerships, fostering innovation-led growth, and advancing India's trade and investment diplomacy in key international markets.
The delegation will participate in presentations and startup pitches at ‘The Athens Startup Business Incubator’ (THEA), providing a platform to showcase next-generation enterprises and promote cross-border innovation partnerships. Further, it will hold discussions with Indian and Greek industry leaders, to identify new avenues for collaboration and strengthening private-sector partnerships in key sectors including infrastructure, digitalisation and defence, and food and agriculture.
The programme will include a high-level business interaction bringing together leading stakeholders from both countries to explore opportunities for enhanced investment and commercial partnerships across priority sectors. Besides, the delegation will visit leading Greek enterprises to explore collaboration in advanced manufacturing and technology-driven sectors, strengthening industrial synergies between the two countries.
The CNX Nifty is currently trading at 24003.25, down by 52.75 points or 0.22% after trading in a range of 24002.90 and 24120.00. There were 24 stocks advancing against 26 stocks declining on the index.
The top gainers on Nifty were Dr. Reddy's up by 4.04%, Cipla up by 3.19%, Max Healthcare up by 2.46%, Trent up by 1.96% and Hindalco Industries up by 1.78%. On the flip side, Eicher Motors down by 2.57%, Kotak Mahindra Bank down by 2.44%, Interglobe Aviation down by 2.26%, Tata Consumer down by 2.25% and Adani Enterprises down by 2.14% were the top losers.
Asian markets were trading mostly in green; Nikkei 225 surged 19.12 points or 0.03% to 69,380.00, Taiwan Weighted added 428.14 points or 0.95% to 44,999.90, Shanghai Composite strengthened 26.66 points or 0.66% to 4,053.92, KOSPI increased 14.51 points or 0.17% to 8,425.72, Hang Seng advanced 419.14 points or 1.85% to 23,091.00 and Straits Times rose 8.3 points or 0.16% to 5,200.03. However, Jakarta Composite plunged 57.18 points or 0.98% to 5,838.95.
