Post Session: Quick Review

Indian equity benchmarks ended sharply lower on Tuesday amid rising geopolitical tensions in the West Asia East after the U.S. reinstated a naval blockade on Iranian shipping through the Strait of Hormuz and proposed charging a 20 percent transit fee on cargo passing through the strategic waterway. Markets made a negative start and remained under pressure throughout the session amid broad-based selling across sectors. Sentiments were further dampened as foreign institutional investors (FIIs) turned net sellers.

Some of the important factors in trade:

Foreign fund outflows: Sentiments remained downbeat as Foreign Institutional Investors offloaded equities worth Rs 3,062.27 crore on Monday, according to exchange data.

India's June exports to US decline 1.2%: Traders remained cautious as government data showed India's exports to the US dipped 1.21 per cent to $8.17 billion in June, while imports grew 33.86 per cent year-on-year to $5.5 billion.

India's WPI inflation rises to 9.87% in June: Sentiments got hit after India's wholesale price index (WPI) inflation surged to 9.87 per cent in the month of June 2026 from 9.68 per cent in May 2026, as a fresh spike in food, non-food articles and minerals outweighed a moderation in fuel inflation.   

On the global front: European markets were trading in red, amid persistent concerns about artificial intelligence spending and escalating geopolitical tensions between the U.S. and Iran. Asian markets closed mostly in green, after China's exports surged 27% year-on-year in June, the fastest growth since 2021, while imports climbed 36% to a five-year high, despite lingering global uncertainties.

The BSE Sensex ended at 77054.94, down by 561.46 points or 0.72% after trading in a range of 77001.48 and 77402.79. There were 7 stocks advancing against 23 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Utilities up by 0.70%, Metal up by 0.63%, Healthcare up by 0.53%, Telecom up by 0.44% and Power up by 0.38%, while Realty down by 1.91%, Auto down by 1.53%, Bankex down by 1.16%, IT down by 1.09%, and Consumer Discretionary down by 1.08% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Bharti Airtel up by 1.54%, Sun Pharma up by 0.95%, Tata Steel up by 0.80%, TCS up by 0.66% and Adani Ports and Special Economic Zone up by 0.48%. On the flip side, HCL Technologies down by 4.61%, Bajaj Finserv down by 2.38%, State Bank of India down by 2.28%, Interglobe Aviation down by 2.24% and Mahindra & Mahindra down by 2.15% were the top losers. (Provisional)

Meanwhile, the Commerce Secretary Rajesh Agrawal has said that India recorded exports worth $5 billion to West Asia in June 2026, up 7.29 per cent from a year ago, indicating that trade with the region has evened out. The shipments to the region had declined in March due to the US-Iran conflict, but improved in April and further in May.

The country's exports to the UAE rose 3.57 per cent to $2.7 billion, but shipments to Saudi Arabia declined by 4.42 per cent to $768.56 million. On the other hand, imports from the UAE and Oman have registered a positive growth. But it dipped by 29.75 per cent from Saudi Arabia.

Indian exporters are using three ports (Duqm, Sohar and Salalah) in Oman to push exports to the region.The US-Iran conflict has significantly disrupted the movement of cargo ships in international waters, particularly through the Strait of Hormuz. India normally exports goods worth about $6 billion every month to the region.

The CNX Nifty ended at 24052.05, down by 158.95 points or 0.66% after trading in a range of 24023.70 and 24157.10. There were 13 stocks advancing against 37 stocks declining on the index. (Provisional)

The top gainers on Nifty were Bharti Airtel up by 1.82%, Apollo Hospital up by 1.45%, Sun Pharma up by 1.10%, Dr. Reddy's Laboratories up by 0.95% and Tata Steel up by 0.85%. On the flip side, HCL Technologies down by 4.63%, Shriram Finance down by 3.35%, HDFC Life Insurance down by 2.97%, Tata Motors Passenger down by 2.69% and Interglobe Aviation down by 2.32% were the top losers. (Provisional)

European markets were trading in red; UK’s FTSE 100 decreased 37.19 points or 0.35% to 10,461.10, and Germany’s DAX lost 99.25 points or 0.4% to 25,015.00.

Asian markets ended mostly higher on Tuesday, even as Brent crude prices jumped above $86 a barrel - bringing gains for the week to more than 10% after US President Donald Trump reimposed a blockade on Iranian ships transiting the Strait of Hormuz and proposed to impose a 20% fee on all cargo passing through the vital waterway for guarding it. Chinese shares gained after customs data revealed June exports grew by 27% year-on-year and imports jumped by 36%, both drastically beating market expectations. Moreover, Japan's Nikkei rallied on bargain-buying.