Domestic equity indices maintained their gains and were trading higher by over half percent in late morning deals as market participants indulged in enlarging their positions. Buying in Eternal, Adani Ports, Mahindra & Mahindra, Asian Paints, and Hindustan Unilever helped the markets maintain their gains. Positive cues from the global markets supported domestic sentiments. Markets’ sentiments remained upbeat despite the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to 54.2 in June from 55.0 in May. On the BSE sectoral front, traders were seen piling up positions in Realty, FMCG, Auto, Consumer Durables and Consumer Disc, while selling was witnessed in Metal, IT, Healthcare, Basic Materials and TECK.
On the global front, Asian markets were trading mostly in green following positive cues from the US markets overnight. Back home, in the stock specific development, Railtel Corporation of India surged as the company secured work order worth around Rs 107.61 crore from Mahanadi Coalfields.
The BSE Sensex is currently trading at 76920.42, up by 441.75 points or 0.58% after trading in a range of 76538.37 and 77019.80. There were 21 stocks advancing against 9 stocks declining on the index.
The top gaining sectoral indices on the BSE were Realty up by 1.49%, FMCG up by 1.42%, Auto up by 1.08%, Consumer Durables up by 1.05% and Consumer Disc up by 1.04%, while Metal down by 0.66%, IT down by 0.62%, Healthcare down by 0.28%, Basic Materials down by 0.12% and TECK down by 0.07% were the top losing indices on BSE.
The top gainers on the Sensex were Eternal up by 3.00%, Adani Ports up by 2.75%, Mahindra & Mahindra up by 2.63%, Asian Paints up by 2.26% and Hindustan Unilever up by 2.04%. On the flip side, Tech Mahindra down by 2.55%, HCL Technologies down by 1.68%, Larsen & Toubro down by 0.92%, Bajaj Finserv down by 0.58% and Tata Steel down by 0.37% were the top losers.
Meanwhile, the Reserve Bank of India (RBI) in its latest data has showed that bank credit to the industrial sector grew 17.5 per cent year-on-year (y-o-y) by the end of May 2026, a sharp acceleration from 5.3 per cent recorded in the corresponding period last year, as advances to large industries grew at an accelerated pace, along with sustained healthy expansion in the MSE sector. Non-food bank credit accelerated 17.4 per cent y-o-y in the fortnight ended May 31, 2026, as compared to 8.8 per cent during the corresponding fortnight of the previous year (May 30, 2025). Credit to agriculture and allied activities also strengthened, growing 14.9 per cent against 7.5 per cent a year earlier.
The RBI said while credit to micro and small and medium industries sustained robust expansion, large industries grew at an accelerated pace. Among major industries, credit to infrastructure, all engineering, textile, construction, petroleum, coal products and nuclear fuels and chemical and chemical products marked buoyant growth. However, rubber, plastic and their products and wood and wood products segments recorded relatively subdued growth.
Further, it said credit to personal loans segment also maintained strong momentum, recording a 15.4 per cent year-on-year growth as against 11.1 per cent a year ago. Vehicle and housing loans continued to post steady growth, although credit card outstanding moderated. Loan to the services sector registered a growth rate of 20.4 per cent as compared with 8.4 per cent in the corresponding fortnight last year, supported by accelerated growth in segments such as non-banking financial companies (NBFCs), commercial real estate, and trade.
The CNX Nifty is currently trading at 24007.80, up by 142.05 points or 0.60% after trading in a range of 23895.10 and 24026.85. There were 33 stocks advancing against 17 stocks declining on the index.
The top gainers on Nifty were Eternal up by 3.04%, Adani Ports up by 2.77%, Mahindra & Mahindra up by 2.66%, Nestle India up by 2.53% and Asian Paints up by 2.31%. On the flip side, Tech Mahindra down by 2.54%, HCL Technologies down by 1.62%, Hindalco Industries down by 1.18%, Larsen & Toubro down by 0.86% and Cipla down by 0.83% were the top losers.
Asian markets were trading mostly in green; Nikkei 225 surged 671.68 points or 0.96% to 70,734.00, Taiwan Weighted added 749.64 points or 1.6% to 46,875.55, Jakarta Composite gained 47.39 points or 0.83% to 5,690.58, Shanghai Composite strengthened 4.25 points or 0.1% to 4,098.65 and Straits Times rose 1.58 points or 0.03% to 5,172.23. However, KOSPI dropped 163.08 points or 1.92% to 8,313.40.
