A gaining rally remained intact over the Dalal Street in early afternoon deals, with both Sensex and Nifty holding notable gains, aided by strong buying at Realty and FMCG counters along with positive cues from other Asian markets, as oil prices remained subdued despite uncertainty surrounding ongoing U.S.-Iran negotiations in Doha. Sentiments remained upbeat, as India's gross Goods and Services Tax (GST) collections rose 13.9% year-on-year to Rs 1,94,812 crore in June 2026, compared with Rs 1,71,105 crore in the same month last year.
On the global front, Asian markets were trading mostly in green, after China's manufacturing activity logged a robust growth in June, completing the strongest quarter since the fourth quarter of 2020. The survey data released by S&P Global showed that the RatingDog China manufacturing Purchasing Managers' Index posted 51.7 in June.
The BSE Sensex is currently trading at 77052.09, up by 573.42 points or 0.75% after trading in a range of 76538.37 and 77110.08. There were 22 stocks advancing against 8 stocks declining on the index.
The top gaining sectoral indices on the BSE were Realty up by 2.03%, FMCG up by 1.72%, Consumer Durables up by 1.00%, Consumer Disc up by 0.84% and Bankex up by 0.69%, while IT down by 0.98%, Metal down by 0.71%, Capital Goods down by 0.39%, Industrials down by 0.37% and Healthcare down by 0.29% were the top losing indices on BSE.
The top gainers on the Sensex were Eternal up by 3.91%, Asian Paints up by 3.06%, Hindustan Unilever up by 2.88%, Adani Ports & SEZ up by 2.60% and Axis Bank up by 2.30%. On the flip side, Tech Mahindra down by 3.27%, HCL Technologies down by 1.95%, Larsen & Toubro down by 1.28%, Tata Steel down by 0.96% and Infosys down by 0.68% were the top losers.
Meanwhile, India’s manufacturing sector activity continued expansion but at a slower pace in the month of June, as growth slowed across output, new orders, export orders and employment, with international sales recording their weakest increase since March 2023. However, both the input and output price indices declined, pointing to softer inflation pressures as geopolitical disruptions begin receding.
According to the survey report, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) eased from 55.0 in May to 54.2 in June. With the exception of March, rates of increase in both output and new orders were the weakest seen in four years. International demand for Indian goods continued to improve in June, but the pace of growth was modest and the weakest in 39 months amid subdued sales to some European markets.
The survey report further noted that input buying growth lost momentum in June, receding to its weakest in two-and-a-half years. Hence, stocks of purchases rose at a softer pace, with a particularly sharp slowdown noted in the capital goods category. A general absence of capacity pressures restricted recruitment activity at the end of the first fiscal quarter. Backlogs of work were broadly unchanged and employment expanded at the weakest rate in 2026 so far.
Besides, HSBC India Manufacturing PMI data showed that concerns over demand and market conditions dampened business sentiment in June. The proportion of firms forecasting output growth in the year ahead halved since May, with a large share of manufacturers signalling neutral expectations. The overall degree of optimism retreated to a five-month low.
The CNX Nifty is currently trading at 24029.30, up by 163.55 points or 0.69% after trading in a range of 23895.10 and 24049.90. There were 33 stocks advancing against 17 stocks declining on the index.
The top gainers on Nifty were Eternal up by 3.95%, Nestle India up by 3.15%, Asian Paints up by 3.09%, Hindustan Unilever up by 2.93% and Adani Ports & SEZ up by 2.67%. On the flip side, Tech Mahindra down by 3.27%, HCL Technologies down by 2.00%, Hindalco Industries down by 1.66%, HDFC Life Insurance down by 1.62% and Larsen & Toubro down by 1.32% were the top losers.
Asian markets were trading mostly in green; Nikkei 225 surged 651.68 points or 0.92% to 70,714.00, Jakarta Composite gained 63.03 points or 1.12% to 5,706.22, Taiwan Weighted added 893.08 points or 1.9% to 47,018.99 and Shanghai Composite strengthened 18.05 points or 0.44% to 4,112.45, while KOSPI dropped 173.07 points or 2.08% to 8,303.41 and Straits Times fell 0.3 points or 0.01% to 5,170.35.
