Weak trade continues in late afternoon deals

Benchmarks continued to trade deep in negative territory as tensions between Unites States (US) and Iran flared up after US military conducted strikes against Iran third consecutive night. Further, US President Donald Trump has reinstated a blockade of Iranian shipping and proposed charging a 20% fee to guard the Strait of Hormuz. These tensions in West Asia have spiked up the global crude oil prices with Brent crude oil prices trading above $86 a barrel. Further, net selling worth of Rs 3,062.27 crore by the foreign institutional investors on Monday’s session spread caution among the investors. Besides, traders stay away from any risky bets ahead of weekly expiry of Nifty F&O contracts.

On the global front, Asian equity markets were trading mostly in green as upbeat Chinese trade data helped offset concerns over escalating military clashes between the US and Iran. European equity markets were trading mostly in red as surging crude oil prices raised inflation concerns.

The BSE Sensex is currently trading at 77079.25, down by 537.15 points or 0.69% after trading in a range of 77001.58 and 77402.79. There were 6 stocks advancing against 24 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 0.68%, Healthcare up by 0.53%, Metal up by 0.50%, Power up by 0.22% and Telecom up by 0.08%, while Realty down by 1.85%, Auto down by 1.62%, Bankex down by 1.23%, Industrials down by 1.14% and Consumer Discretionary down by 1.11% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 1.97%, Sun Pharmaceutical Industries up by 1.34%, TCS up by 0.83%, Adani Ports & SEZ up by 0.50% and Tata Steel up by 0.37%. On the flip side, HCL Technologies down by 4.10%, Interglobe Aviation down by 2.36%, Mahindra & Mahindra down by 2.11%, Kotak Mahindra Bank down by 2.07% and Bajaj Finserv down by 2.05% were the top losers.

Meanwhile, the Commerce Ministry in its latest data has indicated that India's merchandise exports to the United States (US), its largest export destination, declined marginally by 1.21 per cent year-on-year to $8.17 billion in June 2026 as compared to $8.27 billion in the corresponding month last year. On the other hand, imports from the US grew sharply by 33.86 per cent to $5.5 billion in June 2025 as compared to $4.11 billion in June 2025. On a cumulative basis, the country's exports to the US declined marginally by 0.06 per cent to $25.46 billion during the April- June period of FY27, while imports rose 23.82 per cent to $16.65 billion. 

According to the data, the country's exports to China surged 31.49 per cent in June to $1.8 billion, while imports surged 40.26 per cent to $13.34 billion, resulting in a trade deficit of $11.54 billion. During April-June 2026-27, the country's merchandise exports to China rose 27.54 per cent to $5.6 billion, while imports jumped 27.94 per cent to $38.04 billion. Similarly, exports to Singapore grew 48.91 per cent year-on-year during June 2026 to $1.44 billion. During April-June 2026-27, exports jumped 101.16 per cent to $6.51 billion.

India has also recorded positive exports growth to the UAE, the Netherlands, the UK, Germany, South Africa, Bangladesh, Tanzania, Australia, Malaysia, Sri lanka, Italy, and Vietnam during the reporting period. However, exports to Saudi Arabia and France registered a decline in June. On the other hand, imports from Russia, the UAE, Korea, Singapore, Japan, Germany, Oman, Malaysia, Taiwan, Thailand, Brazil, and Nigeria increased. Imports in June from Oman, Taiwan, Brazil and Nigeria surged 135.57 per cent to $1.38 billion, 135 per cent to $1.5 billion, 162.3 per cent to $1.15 billion, and 301.91 per cent to $996.40 million. 

The CNX Nifty is currently trading at 24057.30, down by 153.70 points or 0.63% after trading in a range of 24038.10 and 24157.10. There were 12 stocks advancing against 38 stocks declining on the index.

The top gainers on Nifty were Bharti Airtel up by 1.95%, Sun Pharmaceutical Industries up by 1.37%, Apollo Hospitals Enterprise up by 1.26%, Cipla up by 1.16% and Hindalco Industries up by 0.85%. On the flip side, HCL Technologies down by 4.16%, HDFC Life Insurance down by 3.00%, Shriram Finance down by 2.82%, Tata Motors Passenger Vehicles down by 2.63% and Interglobe Aviation down by 2.47% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 427.27 points or 0.63% to 67,670.00, Hang Seng advanced 146.28 points or 0.6% to 24,360.00, KOSPI increased 49.90 points or 0.73% to 6,856.83, Straits Times rose 26.02 points or 0.48% to 5,496.36 and Shanghai Composite strengthened 53.34 points or 1.34% to 3,967.13, while Taiwan Weighted lost 642.57 points or 1.44% to 44,737.95 and Jakarta Composite plunged 1.4 points or 0.02% to 6,036.44.

European equity markets were trading mostly in red; UK’s FTSE 100 decreased 65.44 points or 0.62% to 10,432.85 and Germany’s DAX lost 154.25 points or 0.61% to 24,960.00, while France’s CAC rose 12.53 points or 0.15% to 8,351.50.