Domestic equity indices erased their losses and were trading slightly higher in late morning trade, supported by buying in shares of Maruti Suzuki India, Titan Company, Bharti Airtel, Bajaj Finserv, and Adani Ports. There were some encouragements in markets as the commerce department stated that India and the Maldives have started negotiations for a free trade agreement. Some support also came in as Index of Industrial Production (IIP) recorded a 5.1 percent (Quick Estimate) year-on-year growth in May 2026, which is higher than 4.9 percent growth in the month of April 2026. On the BSE sectoral front, buying interest was seen in Realty, Telecom, Consumer Durables, Consumer Discretionary and Auto, while IT, Metal, TECK, Utilities and Energy sectors witnessed selling pressure.
On the global front, Asian markets traded mostly in the green after China's manufacturing activity expanded in June. The manufacturing Purchasing Managers' Index rose to 50.3 in June from 50.0 in May. A score above 50.0 indicates expansion. Back home, in the stock specific development, SJVN surged as the company signed Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam for the supply of power from its upcoming hydro-electric projects in Himachal Pradesh namely 66 MW Dhaulasidh HEP, 210 MW Luhri Stage-I HEP and 382 MW Sunni Dam HEP
The BSE Sensex is currently trading at 76850.19, up by 121.82 points or 0.16% after trading in a range of 76455.49 and 77037.36. There were 19 stocks advancing against 11 stocks declining on the index.
The top gaining sectoral indices on the BSE were Realty up by 1.25%, Telecom up by 0.94%, Consumer Durables up by 0.92%, Consumer Disc up by 0.79% and Auto up by 0.79%, while IT down by 1.47%, Metal down by 0.39%, TECK down by 0.39%, Utilities down by 0.14% and Energy down by 0.11% were the top losing indices on BSE.
The top gainers on the Sensex were Maruti Suzuki India up by 4.72%, Titan Company up by 2.31%, Bharti Airtel up by 1.89%, Bajaj Finserv up by 1.08% and Adani Ports up by 1.04%. On the flip side, Infosys down by 2.02%, TCS down by 1.91%, HCL Technologies down by 1.83%, Hindustan Unilever down by 0.80% and Tech Mahindra down by 0.80% were the top losers.
Meanwhile, Rajesh Kumar Mishra, an additional director at the Directorate General of Foreign Trade (DGFT) has said that Indian e-commerce exports could surge by another $10 billion over the next two to three years, supported by the country's large MSME ecosystem. Pointing out that China records around $300 billion in annual e-commerce exports, he said India can easily up its game with its existing strengths and a few tweaks in the approach.
He said e-commerce enables Indian manufacturers and small exporters to directly cater to global consumers. He said ‘the e-commerce caters to requirements of a global consumer base, so the platforms which are there, online platforms and leveraging the supplies, supply chains like India Post, our own postal department government of India entity, which provides very competitive rates for supply of goods abroad, so that can be leveraged to create a situation where our small consignments can be sent at a competitive rate to a foreign country.’
Talking about free trade agreements (FTAs), he said MSMEs need to prepare to take full advantage of the opportunities created by such pacts. He said any FTA requires lot of preparation for the manufacturers and exporters to take benefit, so that is a very, very important area of preparation by all the stakeholders. He also highlighted the importance of MSMEs in achieving the government's manufacturing growth ambitions. He said ‘that is the policy of the government that our manufacturing should become 25 per cent in the long term of the GDP, so that process has to be helped by the MSME sector as that is a large number of enterprises and better quality, better ambition, the idea of becoming bigger and bigger as an entity that will help in creating that sigma impact.’
The CNX Nifty is currently trading at 23976.55, up by 30.30 points or 0.13% after trading in a range of 23851.95 and 24035.55. There were 27 stocks advancing against 23 stocks declining on the index.
The top gainers on Nifty were Maruti Suzuki India up by 4.65%, Titan Company up by 2.31%, Nestle India up by 2.21%, Bharti Airtel up by 1.90% and Tata MotorsPassenger up by 1.72%. On the flip side, Eicher Motors down by 3.99%, Tata Consumer down by 2.90%, TCS down by 2.09%, Wipro down by 1.97% and Infosys down by 1.93% were the top losers.
Asian markets were trading mostly in the green; Nikkei 225 surged 1070.89 points or 1.54% to 70,539.00, Taiwan Weighted added 1517.46 points or 3.37% to 46,517.36, Shanghai Composite strengthened 1.85 points or 0.05% to 4,075.75 and KOSPI increased 173.51 points or 2.07% to 8,568.16. However, Hang Seng declined 291.68 points or 1.27% to 22,735.00, Straits Times fell 39.18 points or 0.75% to 5,169.57 and Jakarta Composite plunged 141.04 points or 2.48% to 5,679.75.
