Indian equity benchmarks continued to trade higher in morning deals, amid a positive trend in global markets and buying in FMCG, Realty and Auto stocks. Traders took support with the Reserve Bank stating that Indian financial system remains resilient, underpinned by strong bank and non-bank balance sheets, as gross non-performing assets of banks have touched a multi-decadal low of 1.8 per cent at end-March 2026. Traders overlooked private survey showed India’s manufacturing activity expanded at a slower pace in June, with growth in output, new orders, export sales and employment losing momentum, even as price pressures eased. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to 54.2 in June from 55.0 in May. Meanwhile, data released by the Controller General of Accounts (CGA) showed that India's fiscal deficit touched 9.6 per cent of the current financial year (FY27) budget target at the end of May 2026. The fiscal deficit was Rs 1.62 lakh crore in value terms at the end of May. On the global front, Asian markets were trading mostly in green as a rally in chipmakers and signs of US economic resilience fueled optimism about corporate earnings.
The BSE Sensex is currently trading at 76919.16, up by 440.49 points or 0.58% after trading in a range of 76538.37 and 76982.65. There were 23 stocks advancing against 7 stocks declining on the index.
The top gaining sectoral indices on the BSE were FMCG up by 1.39%, Realty up by 1.30%, Auto up by 1.19%, Consumer Durables up by 1.06% and Consumer Discretionary up by 1.01%, while IT down by 0.47%, Healthcare down by 0.31%, Metal down by 0.22%, Telecom down by 0.21% and TECK down by 0.21% were the top losing indices on BSE.
The top gainers on the Sensex were Mahindra & Mahindra up by 3.02%, Adani Ports &SEZ up by 2.07%, Hindustan Unilever up by 2.05%, Eternal up by 2.04% and Asian Paints up by 1.69%. On the flip side, Tech Mahindra down by 2.21%, HCL Technologies down by 1.25%, Bajaj Finserv down by 0.41%, Larsen & Toubro down by 0.27% and Infosys down by 0.26% were the top losers.
Meanwhile, Data released by the Controller General of Accounts (CGA) showed that India's fiscal deficit touched 9.6 per cent of the current financial year (FY27) budget target at the end of May 2026. The fiscal deficit, or gap between the government’s expenditure and revenue, was Rs 1.62 lakh crore in value terms at the end of May.
According to the CGA data, net tax receipts amounted to Rs 3.48 lakh crore, while non-tax revenue stood at Rs 3.51 lakh crore. Total expenditure of the central government reached Rs 8.81 lakh crore by the end of May, of which Rs 2.51 lakh crore was capital spending.
The Centre has set a fiscal deficit target of 4.3 per cent of Gross Domestic Product (GDP) or Rs 16.96 lakh crore in the current fiscal. At the end of May, 2025, the Centre’s fiscal deficit had reduced to 0.8 per cent of the BE of 2025-26 or Rs 13,163 crore.
The CNX Nifty is currently trading at 23997.20, up by 131.45 points or 0.55% after trading in a range of 23895.10 and 24020.65. There were 34 stocks advancing against 15 stocks declining on the index.
The top gainers on Nifty were Mahindra & Mahindra up by 3.06%, Nestle India up by 2.74%, Adani Ports &Special up by 2.14%, Hindustan Unilever up by 2.13% and Eternal up by 2.12%. On the flip side, Tech Mahindra down by 2.14%, HCL Technologies down by 1.25%, Dr. Reddy's Labs. down by 0.88%, Hindalco Industries down by 0.83% and HDFC Life Insurance down by 0.69% were the top losers.
Asian markets were trading mostly in green; Nikkei 225 surged 596.68 points or 0.85% to 70,659.00, Taiwan Weighted added 914.72 points or 1.98% to 47,040.63, Jakarta Composite gained 41.4 points or 0.73% to 5,684.59, Shanghai Composite strengthened 40.73 points or 0.99% to 4,135.13 and Straits Times rose 5.38 points or 0.1% to 5,176.03.
On the flip side, KOSPI dropped 110.78 points or 1.31% to 8,365.70.
