Indices remain in red in late morning deals

Domestic equity indices remained in the red in late morning deals on account of selling pressure in the stocks of HCL Technologies, InterGlobe Aviation, Bajaj Finance, Bajaj Finserv, and Mahindra & Mahindra. Rising crude oil prices weighed on the domestic markets. Crude oil prices rose after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz and reinstate a blockade of Iranian ports, raising concerns over potential disruptions to global crude supplies. Further, sentiments were also weak as India's retail inflation breached the RBI’s inflation target for the first time in 17 months. The consumer price index rose to 4.38% year-over-year in June, up from 3.93% in May, led by higher fuel and food costs. 

On the global front, Asian markets were trading mostly in the green as China’s trade growth accelerated far more than expected in June. Overall exports rose 27% from a year earlier in U.S. dollar terms, the strongest since October 2021. Back home, in the stock specific development, Hariom Pipe Industries surged as the company’s subsidiary -- M/s Hariom Power and Energy completed the installation of its 5 MW AC (6 MW DC) Solar PV Power Project located at Rupur Tanda, Aunda Nagnath Taluka, Hingoli, Maharashtra.  

The BSE Sensex is currently trading at 77340.12, down by 276.28 points or 0.36% after trading in a range of 77001.58 and 77402.79. There were 9 stocks advancing against 21 stocks declining on the index.

The top gaining sectoral indices on the BSE were Metal up by 1.30%, Utilities up by 0.91%, Healthcare up by 0.55%, TECK up by 0.45% and Telecom up by 0.31%, while Realty down by 1.62%, Auto down by 1.24%, Consumer Disc down by 0.94%, Industrials down by 0.90% and Bankex down by 0.84% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 1.81%, Tata Steel up by 1.58%, Adani Ports up by 1.48%, TCS up by 0.83% and Reliance Industries up by 0.57%. On the flip side, HCL Technologies down by 3.03%, Interglobe Aviation down by 2.63%, Bajaj Finance down by 2.02%, Bajaj Finserv down by 1.70% and Mahindra & Mahindra down by 1.63% were the top losers.

Meanwhile, the commerce ministry in its latest data has showed that India’s merchandise exports rose by 15.52 per cent to $40.41 billion in June 2026 as compared to $34.98 billion in June 2025, driven by sustained shipments across key sectors despite broader global economic challenges. Merchandise imports grew by 31 per cent year-on-year to $70.84 billion in June 2026, up from $54.08 billion in June 2025. Trade deficit (difference between imports and exports) widened to $30.43 billion in June 2026 as compared to $19.12 billion in the corresponding period of the previous year. 

According to the data, merchandise exports during April-June 2026-27 were $129.32 billion as compared to $111.57 billion during April-June 2025-26. Merchandise imports during April-June 2026-27 were $216.18 billion as compared to $180.31 billion during April-June 2025-26. Merchandise trade deficit during April-June 2026-27 was $86.86 billion as compared to $68.75 billion during April-June 2025-26.

Non-petroleum and non-gems & jewellery exports in June 2026 were $33.13 billion compared to $28.73 billion in June 2025. Non-petroleum and non-gems & jewellery exports in April-June 2026-27 were $99.04 billion, compared to $87.88 billion in April-June 2025-26. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in June 2026 were $48.25 billion compared to $36.73 billion in June 2025. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-June 2026-27 were $140.22 billion, compared to $117.92 billion in April-June 2025-26.

The CNX Nifty is currently trading at 24138.80, down by 72.20 points or 0.30% after trading in a range of 24038.10 and 24157.10. There were 17 stocks advancing against 33 stocks declining on the index.

The top gainers on Nifty were Hindalco Industries up by 2.21%, Bharti Airtel up by 1.85%, Cipla up by 1.61%, Tata Steel up by 1.57% and Adani Ports up by 1.51%. On the flip side, HCL Technologies down by 3.09%, Interglobe Aviation down by 2.62%, Shriram Finance down by 1.99%, Bajaj Finance down by 1.98% and Tata MotorsPassenger down by 1.80% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 407.27 points or 0.61% to 67,650.00, Jakarta Composite gained 36.78 points or 0.61% to 6,074.62, Shanghai Composite strengthened 19.46 points or 0.5% to 3,933.25, KOSPI increased 72.26 points or 1.06% to 6,879.19, Hang Seng advanced 73.28 points or 0.3% to 24,287.00 and Straits Times rose 27.01 points or 0.49% to 5,497.35. However, Taiwan Weighted lost 641.1 points or 1.41% to 44,739.42.