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Key gauges continue to trade higher in morning deals
Jun-16-2026

Indian equity benchmarks continued to trade higher in morning deals, driven by a positive trend in global markets and cooling crude oil prices following a peace deal between the US and Iran. Fresh foreign fund inflows also added to the positive trend in the domestic market. Foreign Institutional Investors (FIIs) turned buyers on Monday as they bought equities worth Rs 200.05 crore, according to exchange data. Traders took support with the commerce ministry’s data showing that India’s merchandise exports rose by 18.01 per cent to $45.20 billion in May 2026 as compared to $38.30 billion in May 2025, marking the highest export figure in six months. Some support also came as the Periodic Labour Force Survey (PLFS) released by the National Statistics Office showed overall unemployment rate for persons aged 15 years and above has dipped marginally to 5.5 per cent in May compared to 5.6 per cent a year ago. On the global front, Asian markets are trading mostly in green after US President Donald Trump announced that the US and Iran have reached a preliminary peace agreement to end the Middle East war, a move that could lead to the reopening of the Strait of Hormuz.

The BSE Sensex is currently trading at 76612.20, up by 347.87 points or 0.46% after trading in a range of 76443.34 and 76676.30. There were 18 stocks advancing against 12 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 1.65%, TECK up by 1.10%, FMCG up by 0.91%, Realty up by 0.79% and Industrials up by 0.63%, while Metal down by 1.33%, Basic Materials down by 0.51%, Auto down by 0.20%, Telecom down by 0.09% and Healthcare down by 0.05% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 3.49%, Bajaj Finserv up by 2.23%, TCS up by 1.82%, Tech Mahindra up by 1.70% and Hindustan Unilever up by 1.65%. On the flip side, Tata Steel down by 0.96%, Axis Bank down by 0.75%, Mahindra & Mahindra down by 0.70%, Ultratech Cement down by 0.53% and Interglobe Aviation down by 0.47% were the top losers.

Meanwhile, the engineering Export Promotion Council of India (EEPC India) has said that engineering goods exports from India surged by 24.48 per cent to $12.31 billion in May 2026, compared with $9.89 billion in the year-ago period. Cumulatively, engineering exports during April-May 2026-27 stood at $22.66 billion, a growth of 16.8 per cent over $19.40 billion in the corresponding period of the previous year.

EEPC India Chairman Pankaj Chadha said the sector had successfully navigated a challenging period and sustained positive growth despite the West Asia conflict and resultant trade disruptions. He stated ‘The trend clearly shows adaptability of the engineering community to the dynamic external situation’. He added that government support and trade facilitation measures had played a crucial role.

However, he cautioned that challenges still remained even as the announcement of a US-Iran peace deal.  He asserted ‘It will take time for the deal to bear fruit considering the widespread disruption in the energy market and its ripple effect down the line.’ Besides, he stressed that sustaining current momentum would need continued focus on the market as well as product diversification.

The CNX Nifty is currently trading at 23943.35, up by 89.45 points or 0.37% after trading in a range of 23888.20 and 23954.75. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were HCL Technologies up by 3.54%, Tata Consumer Product up by 2.30%, Bajaj Finserv up by 2.22%, Nestle up by 2.13% and TCS up by 1.81%. On the flip side, Hindalco down by 3.81%, JSW Steel down by 1.26%, Tata Motors Passenger down by 1.07%, Tata Steel down by 0.96% and HDFC Life Insurance down by 0.76% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 323.5 points or 0.47% to 69,641.00, Taiwan Weighted added 291.22 points or 0.64% to 45,688.21, Jakarta Composite gained 247.31 points or 3.95% to 6,254.97, Shanghai Composite strengthened 2.54 points or 0.06% to 4,099.01, KOSPI increased 174.45 points or 2.04% to 8,720.43 and Straits Times rose 27.39 points or 0.54% to 5,104.68.

On the flip side, Hang Seng declined 278.67 points or 1.12% to 24,564.00.
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