Post Session: Quick Review

Indian equity benchmarks ended marginally higher on Wednesday as softer-than-expected U.S. inflation data reinforced expectations that the Federal Reserve may adopt a less aggressive monetary policy stance in the coming months.  Markets made a slightly positive start and extended their gains during the morning session. Sentiments remained upbeat as U.S. President Donald Trump backed away from his threat to impose a 20% toll on all cargo transiting through the Strait of Hormuz. However, the benchmarks pared most of their early gains and traded near the neutral lines in the afternoon session, weighed down by losses in metal, IT, and FMCG stocks, along with continued foreign institutional investor (FII) outflows.

Some of the important factors in trade:

Net direct tax collection surges 16.4% in FY27: Some support came as the government data showed net direct tax collection grew 16.40 per cent to over Rs 6.51 lakh crore till July 13 this fiscal, driven by higher corporate tax mop-up.

India, UK set to implement CETA from July 15: Sentiment remained upbeat following reports that Commerce Secretary Rajesh Agarwal said that India and the UK will implement a comprehensive economic and trade agreement (CETA) from July 15, with an aim to boost two-way commerce to $100 billion by 2030.

Indian companies raise $4.74 billion via ECBs in May: Traders took a note of the Reserve Bank of India’s (RBI) latest data report on ECB/FCCB showing that Indian companies raised around $4.74 billion through external commercial borrowings (ECBs) in the month of May 2026. This was higher than $3.77 billion raised in April 2026. 

On the global front: European markets were trading mostly in red, amid concerns about the ongoing tensions in the Middle East. Asian markets closed mostly in green, following the positive cues from Wall Street overnight, after softer-than-expected US inflation data reduced expectations of a near-term interest rate hike by the US Fed.

The BSE Sensex ended at 77185.43, up by 130.49 points or 0.17% after trading in a range of 76982.82 and 77646.27. There were 17 stocks advancing against 13 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Capital Goods up by 1.27%, Consumer Durables up by 0.76%, Consumer Discretionary up by 0.66%, Oil & Gas up by 0.63%, and Industrials up by 0.53%, while Utilities down by 1.26%, Metal down by 1.08%, TECK down by 0.64%, IT down by 0.63% and Realty down by 0.46% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Eternal up by 3.13%, Ultratech Cement up by 2.67%, Bajaj Finance up by 1.54%, State Bank of India up by 1.48% and Interglobe Aviation up by 1.16%. On the flip side, Power Grid Corporation of India down by 1.77%, Larsen & Toubro down by 1.74%, Tata Steel down by 1.57%, Infosys down by 1.44% and Bajaj Finserv down by 1.05% were the top losers. (Provisional)

Meanwhile, the industry body -- Society of Indian Automobile Manufacturers (SIAM) has said that domestic passenger vehicle dispatches from companies to dealers grew 24.1% on year-on-year basis to 3,88,144 units in June 2026. Passenger vehicle dispatches stood at 3,12,851 units in June 2025.

Further, total two-wheeler sales increased 18.6% to 18,51,400 units in June 2026 as compared to 15,61,283 units in June last year. Besides, three-wheeler dispatches to dealers have seen a surge of 26.1% in June this year at 77,951 units as against 61,828 units in the year-ago period.

Meanwhile, total dispatches (passenger vehicle, two-wheeler, three-wheeler) from companies to dealers grew by 19.71% at 2,317,495 units in June 2026, as compared to 1,935,962 units in the corresponding month of previous year.

The CNX Nifty ended at 24078.50, up by 26.45 points or 0.11% after trading in a range of 24010.55 and 24220.35. There were 25 stocks advancing against 25 stocks declining on the index. (Provisional)

The top gainers on Nifty were Eternal up by 3.02%, Ultratech Cement up by 2.75%, HDFC Life Insurance up by 2.44%, Shriram Finance up by 1.96% and Eicher Motors up by 1.72%. On the flip side, Hindalco Industries down by 1.90%, Power Grid Corporation of India down by 1.90%, Larsen & Toubro down by 1.68%, JSW Steel down by 1.67% and Tata Steel down by 1.60% were the top losers. (Provisional)

European markets were trading lower; Germany’s DAX lost 164.43 points or 0.65% to 24,982.60, UK’s FTSE 100 decreased 14.4 points or 0.14% to 10,514.99 and France’s CAC fell 10.25 points or 0.12% to 8,356.60.

Asian markets settled mostly higher on Wednesday tracking Wall Street’s gains overnight and as a softer-than-expected US inflation data helped reduce concerns of a possible interest-rate hike by the Federal Reserve in the near term. South Korea's Kospi jumped over 6%, led by SK Hynix Inc after its American depositary receipts surged 27%. However, overall gains were limited after the release of weak China GDP data and amid growing concerns that the United States and Iran may return to an all-out war. After announcing a reversal of plan to charge a 20% toll on cargo passing through the Strait of Hormuz, US President Donald Trump warned that the United States would strike bridges and power plants next week unless Tehran returns to the negotiating table.