Post Session: Quick Review

Indian equity markets traded in a narrow range and ended with marginal gains on Monday amid growing expectations that the U.S. Federal Reserve will not raise interest rates next month. However, markets remained volatile throughout the day, as investors stayed cautious amid renewed geopolitical tensions following fresh Houthi attacks near Mocha, Yemen. Reports of increased U.S. naval deployments in the region also added to uncertainty over the evolving situation in the Middle East.

The BSE Sensex closed marginally above the neutral line, supported by value buying in financial stocks following heavy selling in the previous session. Additionally, select heavyweight stocks in the IT and banking sectors witnessed buying interest. Titan Company led the gainers on the BSE after reporting a strong performance for the June quarter.

Similarly, the Nifty 50 managed to end the day marginally higher ahead of its weekly F&O expiry tomorrow. The index also drew support from continued buying by foreign institutional investors, who turned net buyers of Indian equities, purchasing securities worth Rs 480.24 crore.

Some of the important factors in trade:

NBFCs credit growth accelerates to 14.4% in June 2026: Investors took support from the Reserve Bank of India’s (RBI) latest report titled ‘Sectoral Deployment of Credit by NBFC - June 2026’ showing that non-banking financial companies (NBFCs) maintained a credit momentum in June 2026, with credit growth accelerating to 14.4%, well above the 11.1% recorded a year earlier. 

Private sector investment witnessing steady and sustained growth: Traders were optimistic with Economic Affairs Secretary Anuradha Thakur’s statement that private sector investment is witnessing steady and sustained growth, supported by the government’s continued focus on capital expenditure. 

US Senate’s Russia sanctions bill could hit Indian exports with 100% tariffs: Traders took note of think tank Global Trade Research Initiative’s (GTRI) statement that the US Senate's approval of a bill imposing sanctions on Russia could expose Indian exports to additional tariffs of up to 100 per cent if India continues to buy Russian crude oil. 

On the global front: European markets were trading mostly in green, as investors looked ahead to the release of key U.S. data this week. Asian markets closed mostly higher following the broadly positive cues from Wall Street on Friday.

The BSE Sensex ended at 78542.44, up by 43.27 points or 0.06% after trading in a range of 78298.92 and 78676.98. There were 17 stocks advancing against 13 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Realty up by 1.60%, Consumer Durables up by 1.21%, Capital Goods up by 0.47%, Industrials up by 0.41%, and Consumer discretionary up by 0.22%, while PSU down by 1.00%, Utilities down by 0.33%, Bankex down by 0.28%, Energy down by 0.17% and Telecom down by 0.15% were top the losing indices on BSE. (Provisional)

The top gainers on the Sensex were Titan Company up by 2.94%, Bajaj Finance up by 1.82%, Bajaj Finserv up by 1.20%, Tata Steel up by 1.14% and Asian Paints up by 1.14%. On the flip side, State Bank of India down by 2.29%, NTPC down by 1.70%, Eternal down by 1.55%, Bharti Airtel down by 1.17% and ITC down by 1.17% were the top losers. (Provisional)

Meanwhile, the Minister of State for Commerce and Industry Jitin Prasada has said that issuance of certificates of origin, a key document for exporters seeking duty benefits under free trade agreements (FTAs), has more than doubled from 3.6 lakh in 2021-22 to over 7.8 lakh in 2026-27 so far.  He said this surge reflects growing utilisation of India’s trade agreements and the expanding market access available to Indian exporters. An exporter has to submit the certificate at the landing port of the importing country. The document is important to claim duty concessions under free trade agreements as they are essential to prove where the goods come from.

The minister stated that India's merchandise exports registered strong growth during April-June 2026-27. During the period, exports rose 16 per cent to $129.32 billion from $111.57 billion in the corresponding period of 2025-26. Also, merchandise exports to India's FTA partner countries grew at a faster pace of 25 per cent, increasing to $43.14 billion during April-June 2026 as compared with $34.65 billion in the corresponding period last year. 

As a result, he said the share of FTA partner countries in India’s total merchandise exports increased to 33.4 per cent in the April-June period of FY27 from 31.1 per cent in the same quarter of the previous fiscal. He noted that the figures highlight the growing role of trade agreements in boosting exports and creating wider market access for Indian businesses. He added that India currently has implemented trade agreements with the UAE, Australia, the European Free Trade Association (EFTA) bloc, Oman and the UK.   

The CNX Nifty ended at 24583.80, up by 13.15 points or 0.05% after trading in a range of 24511.10 and 24620.95. There were 25 stocks advancing against 23 stocks declining on the index, while two stocks remained unchanged. (Provisional)

The top gainers on Nifty were Titan Company up by 3.02%, Tata Consumer Products up by 2.44%, Bajaj Finance up by 2.24%, Shriram Finance up by 2.04% and Grasim Industries up by 1.73%. On the flip side, State Bank of India down by 2.39%, Eternal down by 1.51%, ITC down by 1.21%, Dr. Reddy's Laboratories down by 1.13% and TCS down by 1.10% were the top losers. (Provisional)

European markets were trading mostly in green; Germany’s DAX gained 119.15 points or 0.45% to 26,438.60 and France’s CAC rose 2.57 points or 0.03% to 8,717.50, while UK’s FTSE 100 decreased 28.79 points or 0.26% to 10,872.30.

Asian markets ended mostly higher on Monday tracking Wall Street’s gains last Friday after sluggish US jobs data helped reduce the chances of a Federal Reserve rate hike next month, while investors globally looked ahead to Wednesday's crucial US Consumer Price Index inflation data. Although some regional gains were limited after Iran warned that it will not reopen the Strait of Hormuz unless the United States meets a series of conditions, denting hopes for a return to stability in global energy markets.

Chinese and Hong Kong shares gained as signs of persistent deflationary pressures in China reinforced expectations of continued policy support for the economy. Data showed that, China's consumer price index rose 0.5% year-on-year in July, below forecasts for 0.8% growth following June's 1% gain. Producer price growth slowed to 3.5% from 4.1% in the previous month. South Korea’s Kospi rose after President Lee Jae Myung urged the government to accelerate AI-related investment projects, including a semiconductor cluster backed by a combined 800 trillion won investment commitment from Samsung Electronics and SK hynix. Japanese shares surged, while the yen steadied after the Bank of Japan's July 2026 Summary of Opinions revealed a divided board regarding the pace of future interest rate hikes. Meanwhile, Singapore market was closed in observation of National Day.