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Markets trade notably higher in early deals on positive global cues
Jun-16-2026

Indian markets made a positive start on Tuesday and were trading higher in early deals, tracking broadly firm cues from global markets, amid investors awaiting details of the US-Iran peace agreement. Buying in index heavyweight stocks and strength in rupee against the US dollar, also aided the domestic sentiments. Some support came as foreign institutional investors (FIIs) turned net buyers of equities worth Rs 200.05 crore on Monday. Besides, Finance Minister Nirmala Sitharaman has indicated that there will be more steps to attract foreign capital into the Indian market. Traders took encouragement with the government data showing that India's exports climbed to a six-month high of 18 per cent to $45.2 billion in May. 

On the global front, Asian markets were trading mostly higher tracking overnight gains on Wall Street on the back of a bullish sentiment after United States and Iran agreed on a peace deal. Nikkei 225 traded higher after the Japanese central bank voted 7-1 to hike its benchmark policy rate to 1 per cent, levels last seen in 1995. However, Hang Seng traded lower after weaker-than-expected retail sales and fixed-asset investment data from China.

The BSE Sensex is currently trading at 76596.34, up by 332.01 points or 0.44% after trading in a range of 76443.34 and 76676.30. There were 19 stocks advancing against 11 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 1.27%, TECK up by 1.02%, Consumer Durables up by 0.75%, Industrials up by 0.68% and Capital Goods up by 0.51%, while Metal down by 1.13%, Basic Materials down by 0.42% and Healthcare down by 0.02% were the few losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 3.29%, Bajaj Finserv up by 1.86%, Bajaj Finance up by 1.68%, TCS up by 1.24% and Tech Mahindra up by 1.19%. On the flip side, Axis Bank down by 0.96%, Power Grid down by 0.46%, Ultratech Cement down by 0.43%, Bharat Electronics down by 0.37% and Tata Steel down by 0.35% were the top losers.

Meanwhile, Finance Minister Nirmala Sitharaman has said that the government's recent measures to exempt withholding tax on interest income and capital gains tax on investments made by foreign investors in government securities (G-secs) are only the beginning. She signaled that additional reforms are in the pipeline to further encourage foreign capital inflows. She added that ‘We recognise that we need more foreign capital to come in’.

Recently, the Reserve Bank of India (RBI) had allowed banks to access the RBI’s swap facility for Foreign Currency Non-Resident (Bank) (FCNR(B)), deposits with maturities ranging from 3-5 years till September 30. The facility would allow banks to swap US dollar deposits with the RBI, and manage currency risks. Also, to shore up foreign capital inflows include a concessional forex swap facility to encourage PSUs to raise external commercial borrowings (ECBs) until September 30.

Sitharaman said under the framework announced by the RBI, currency hedging will be at the expense of the RBI. She said ‘And as a result, the banks can now go unfettered, to raise their own fund. So we have taken a very calibrated approach to make sure that the markets do see the required investments’. She also said the Indian economy is facing ‘severe strain’ from import of key raw materials, as well crude oil and fertilisers. She said that the global situation is changing almost every week with newer challenges emerging and the country has to be ready for every such ‘exigency’.

The CNX Nifty is currently trading at 23935.05, up by 81.15 points or 0.34% after trading in a range of 23888.20 and 23954.75. There were 31 stocks advancing against 19 stocks declining on the index.

The top gainers on Nifty were HCL Technologies up by 3.19%, Tata Consumer Products up by 2.07%, Bajaj Finance up by 1.87%, Bajaj Finserv up by 1.79% and Hindustan Unilever up by 1.24%. On the flip side, Hindalco down by 3.71%, JSW Steel down by 1.21%, HDFC Life Insurance down by 1.02%, Tata Motors Passenger Vehicles down by 0.79% and Axis Bank down by 0.79% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 327.5 points or 0.47% to 69,645.00, Taiwan Weighted jumped 289.55 points or 0.64% to 45,686.54, KOSPI rose 180.50 points or 2.11% to 8,726.48, Straits Times strengthened 27.22 points or 0.54% to 5,104.51 and Shanghai Composite was up by 2.38 points or 0.06% to 4,098.85, while Hang Seng declined 299.67 points or 1.22% to 24,543.00.
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