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Key gauges continue to trade higher amid foreign fund inflows
Jul-06-2026

Indian equity benchmarks continued to trade higher in morning deals, driven by buying in blue-chip bank stocks and lower crude oil prices. Fresh foreign fund inflows also added to the optimism in the domestic equity market. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,355.33 crore on Friday. Traders took support with the finance ministry's statement that the India-Israel Bilateral Investment Agreement (BIA) which will ensure a secure and predictable investment climate and strengthen the bilateral economic relation has come into force from July 4. 2026. The BIA is a landmark step towards strengthening bilateral economic relations and ensuring a secure and predictable investment climate. Sector-wise, auto stocks remained in watch as Federation of Automobile Dealers Associations said total automobile retail sales in India grew by 21.83 per cent year-on-year at 25,57,234 units in June, with the industry remaining cautiously optimistic going forward hoping for monsoon to make up for the deficit. On the global front, Asian markets are trading mostly in red on easing global inflationary pressures amid easing Middle East tensions and hopes the US Fed will not tighten its monetary policy for now. 

The BSE Sensex is currently trading at 78211.12, up by 447.21 points or 0.58% after trading in a range of 77879.70 and 78241.27. There were 20 stocks advancing against 10 stocks declining on the index.

The top gaining sectoral indices on the BSE were Capital Goods up by 1.28%, Realty up by 1.17%, Metal up by 0.91%, Industrials up by 0.89% and Auto up by 0.84%, while IT down by 0.48%, Utilities down by 0.07%, TECK down by 0.02% and Healthcare down by 0.02% were the top losing indices on BSE.

The top gainers on the Sensex were HDFC Bank up by 2.83%, Bharat Electronics up by 1.73%, ICICI Bank up by 1.18%, Mahindra & Mahindra up by 1.09% and Axis Bank up by 1.01%. On the flip side, Kotak Mahindra Bank down by 3.47%, TCS down by 1.23%, Bajaj Finserv down by 0.93%, Power Grid Corporation down by 0.75% and Infosys down by 0.68% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that India is targeting an ambitious 16-17 percent growth in merchandise exports to about $530 billion in the current fiscal year (FY27). He said that the services sector is aiming for 11 percent growth to about $470 billion during FY27.

He stated ‘We want to grow to $1 trillion export this year. And to reach $1 trillion, our goods export will have to increase from $442 (billion) to about $530 billion, $90 billion increase. In FY26, the country's total exports were $863 billion ($442 billion in goods and $421 billion in services).

Besides, he advised the industry to strengthen its focus on high-quality manufacturing and explore export markets using the free trade agreements (FTAs) signed by India. He said the industry should not depend only on the vast domestic market. He said industry should get out of the ‘cosy comfort’ and reach out to the world market. He added the commerce ministry's export promotion mission will support the establishment of overseas branding initiatives, warehouses, and participate in global exhibitions. 

The CNX Nifty is currently trading at 24405.95, up by 135.10 points or 0.56% after trading in a range of 24287.10 and 24414.65. There were 33 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were HDFC Bank up by 2.73%, Hindalco Industries up by 2.06%, Bajaj Auto up by 1.85%, Bharat Electronics up by 1.67% and Axis Bank up by 1.07%. On the flip side, Kotak Mahindra Bank down by 3.15%, TCS down by 1.28%, Bajaj Finserv down by 0.97%, Wipro down by 0.81% and Infosys down by 0.78% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 242.07 points or 0.35% to 69,502.00, Jakarta Composite plunged 13.21 points or 0.22% to 5,862.57, Shanghai Composite weakened 0.26 points or 0.01% to 4,043.38, KOSPI dropped 28.30 points or 0.35% to 8,060.04 and Straits Times fell 5.44 points or 0.1% to 5,238.85.

On the flip side, Taiwan Weighted added 92.91 points or 0.2% to 46,873.53 and Hang Seng advanced 139.97 points or 0.6% to 23,490.00.  
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