Indian equity markets continued their trade in red in late afternoon session amid weakness in heavy weight stocks like HDFC Bank, Reliance Industries and Infosys. Further, continued hostilities in West Asia and high crude oil prices continued to weigh on investor sentiments. United States continued its strikes on Iran for the tenth consecutive night, while Iran continued its retaliatory attacks across Gulf region targeting US assets in the region. Besides, traders overlooked Ministry of Commerce & Industry data showing nine key infrastructure sectors’ output growth rose to a five-month high of 5% in June 2026 due to an increase in output of cement, electricity and iron ore. The core sectors' growth was 1.1% in June 2025 and 3.2% in May 2026.
On the global front, Asian equity markets were trading mostly in green as chip stocks rebounded from recent declines. European equity markets were trading higher after data showed investor morale in Eurozone rose to five-month high.
The BSE Sensex is currently trading at 77424.95, down by 283.57 points or 0.36% after trading in a range of 77337.33 and 77753.18. There were 17 stocks advancing against 13 stocks declining on the index.
The top gaining sectoral indices on the BSE were Telecom up by 1.14%, Basic Materials up by 0.84%, Realty up by 0.74%, Auto up by 0.73% and Metal up by 0.44%, while IT down by 0.63%, Energy down by 0.44%, FMCG down by 0.37%, PSU down by 0.25% and TECK down by 0.14% were the top losing indices on BSE.
The top gainers on the Sensex were Interglobe Aviation up by 1.57%, Bajaj Finserv up by 1.50%, Ultratech Cement up by 1.34%, HCL Technologies up by 1.23% and Kotak Mahindra Bank up by 1.13%. On the flip side, HDFC Bank down by 1.97%, Infosys down by 1.46%, Reliance Industries down by 1.30%, TCS down by 1.08% and ITC down by 1.01% were the top losers.
Meanwhile, the Reserve Bank of India (RBI) has said that its concessional swap facility, introduced to encourage foreign currency inflows, has attracted $20.72 billion as of July 17, 2026. The facility has witnessed strong investor interest and steady forex inflows since becoming operational on June 8, 2026, with Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits accounting for the largest share.
Of the total inflows, FCNR(B) deposits accounted for $17.406 billion, followed by Overseas Foreign Currency Borrowings (OFCBs) at $1.97 billion and External Commercial Borrowings (ECBs) at $1.342 billion.
The RBI had introduced concessional swap facility on June 5, 2026, as part of a host of measures to strengthen India’s balance of payments, incentivise capital inflows and supporting foreign exchange liquidity amid global market uncertainties. The facility offers concessional swaps for fresh FCNR(B) deposits, OFCBs, and ECB inflows. Operational since June 8, 2026, the swap window for FCNR(B) deposits will remain open until September 30, 2026, while the facility for OFCBs and ECBs will continue until December 31, 2026.
The CNX Nifty is currently trading at 24167.15, down by 71.35 points or 0.29% after trading in a range of 24135.65 and 24262.20. There were 29 stocks advancing against 21 stocks declining on the index.
The top gainers on Nifty were Shriram Finance up by 2.51%, Bajaj Finserv up by 1.97%, Interglobe Aviation up by 1.44%, Ultratech Cement up by 1.26% and HCL Technologies up by 1.20%. On the flip side, HDFC Bank down by 2.04%, Infosys down by 1.44%, Reliance Industries down by 1.35%, State Bank of India down by 1.11% and ITC down by 1.10% were the top losers.
Asian equity markets were trading mostly in green; Nikkei 225 surged 1929.88 points or 2.92% to 66,071.00, Taiwan Weighted added 1783.17 points or 4.03% to 44,232.87, KOSPI increased 231.68 points or 3.43% to 6,747.95, Shanghai Composite strengthened 68.09 points or 1.76% to 3,864.37, Straits Times rose 23.65 points or 0.43% to 5,522.60 and Jakarta Composite gained 84.26 points or 1.33% to 6,315.86, while Hang Seng declined 7.05 points or 0.03% to 25,136.00.
European equity markets were trading higher; UK’s FTSE 100 increased 23.77 points or 0.23% to 10,548.53, France’s CAC rose 18.39 points or 0.22% to 8,358.50 and Germany’s DAX gained 82.71 points or 0.33% to 24,929.40.
