Key gauges continue to trade lower in morning deals

20 Jul 2026 Evaluate

Indian equity benchmarks continued to trade lower in morning deals, dragged by selling in Banking and Realty stocks and a sharp spike in crude oil prices due to the ongoing tensions between the US and Iran. Traders overlooked Commerce and Industry Minister Piyush Goyal’s statement that India and the European Union (EU) are working on the proposed investment protection and GI (Geographical Indications) agreement after concluding a free trade agreement. Traders also paid no heed towards the commerce ministry’s data showing that Asean and African regions emerged as the biggest contributors to India's export growth during the first two months of the current fiscal. During April-May 2026-27, exports rose 16.09 per cent year-on-year to $88.91 billion. On the global front, Asian markets are trading mostly in green despite the broadly negative cues from Wall Street on Friday amid escalating geopolitical tension in the Middle East after the U.S.-Iran conflict grows wider, with the U.S. targeting Iran civil infrastructures.

The BSE Sensex is currently trading at 77674.34, down by 477.11 points or 0.61% after trading in a range of 77444.79 and 78151.45. There were 15 stocks advancing against 15 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 1.54%, Power up by 1.34%, Metal up by 0.90%, Basic Materials up by 0.85%, Healthcare up by 0.75% while, Bankex down by 1.11%, Realty down by 0.46%, Auto down by 0.39% were the losing indices on BSE.

The top gainers on the Sensex were Trent up by 1.75%, NTPC up by 1.58%, Power Grid Corpn. up by 1.37%, Bharti Airtel up by 1.24% and ICICI Bank up by 0.85%. On the flip side, Axis Bank down by 4.86%, HDFC Bank down by 4.50%, Kotak Mahindra Bank down by 2.99%, Interglobe Aviation down by 1.68% and Maruti Suzuki India down by 1.54% were the top losers.

Meanwhile, the Commerce Ministry has said that India and Spain have agreed to advance discussions quickly on enabling interoperability between India's Unified Payments Interface (UPI) and Spain's Bizum digital payments platform.

Moreover, India and Spain have discussed ways to strengthen investment facilitation, improving mobility of professionals and promoting joint investments in Latin America, leveraging Spain's strategic position as India's gateway to Europe and Latin America.

The ministry said the two sides also have identified significant opportunities in automobiles, pharmaceuticals, chemicals, textiles, renewable energy, tourism and infrastructure.

The CNX Nifty is currently trading at 24224.20, down by 110.10 points or 0.45% after trading in a range of 24149.90 and 24262.35. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were Trent up by 2.90%, NTPC up by 1.90%, Power Grid Corpn. up by 1.60%, JSW Steel up by 1.51% and Cipla up by 1.44%. On the flip side, Axis Bank down by 4.70%, HDFC Bank down by 4.28%, Kotak Mahindra Bank down by 2.27%, Maruti Suzuki India down by 1.36% and JIO Financial Serv. down by 1.23% were the top losers.

Asian markets are trading mostly in green; Taiwan Weighted added 225.73 points or 0.53% to 42,897.00, Jakarta Composite gained 56.4 points or 0.91% to 6,231.94, Shanghai Composite strengthened 39.61 points or 1.05% to 3,803.76 and Hang Seng advanced 544.76 points or 2.22% to 25,107.00.

On the flip side, Straits Times rose 3.18 points or 0.06% to 5,512.61 and KOSPI dropped 284.59 points or 4.35% to 6,536.01.

Key gauges continue to trade lower in morning deals

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