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Indices remain higher in late morning deals
Jun-16-2026

Domestic equity indices continued to witness gains in late morning deals on account of buying by funds and retail investors. Buying in HCL Technologies, Bajaj Finserv, Reliance Industries, Bajaj Finance, and Hindustan Unilever helped both the Sensex and Nifty trade above their psychological levels of 76,600 and 23,900, respectively. Positive cues from the global markets supported domestic sentiments. There were encouragements in markets as commerce ministry data showed 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. On the BSE sectoral front, buying interest was seen in Realty, IT, FMCG, TECK, and Consumer Durables, while selling pressure was observed in Metal, Basic Materials, Healthcare, Telecom, and Auto sectors.

On the global front, Asian markets were trading mostly in green following positive cues from the US markets overnight. Back home, in the stock specific development, Arvind Smartspaces surged as the company signed a new residential horizontal development project located on Kerala-Nalsarovar Road in South Ahmedabad. 

The BSE Sensex is currently trading at 76647.47, up by 383.14 points or 0.50% after trading in a range of 76443.34 and 76724.62. There were 18 stocks advancing against 12 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 1.34%, IT up by 1.07%, FMCG up by 0.81%, TECK up by 0.70% and Consumer Durables up by 0.65%, while Metal down by 1.44%, Basic Materials down by 0.55%, Healthcare down by 0.37%, Telecom down by 0.29% and Auto down by 0.18% were the losing top indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 2.30%, Bajaj Finserv up by 1.86%, Reliance Industries up by 1.53%, Bajaj Finance up by 1.51% and Hindustan Unilever up by 1.44%. On the flip side, Tata Steel down by 1.22%, SBI down by 0.66%, Axis Bank down by 0.63%, Maruti Suzuki down by 0.62% and Interglobe Aviation down by 0.57% 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 23944.80, up by 90.90 points or 0.38% after trading in a range of 23888.20 and 23977.80. There were 27 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Tata Consumer up by 2.49%, HCL Technologies up by 2.31%, Nestle up by 2.06%, Bajaj Finserv up by 1.86% and Bajaj Finance up by 1.64%. On the flip side, Hindalco down by 3.52%, JSW Steel down by 1.41%, HDFC Life down by 1.21%, Tata Steel down by 1.16% and Tata MotorsPassenger down by 1.12% were the top losers. 

Asian markets were trading mostly in green; Nikkei 225 surged 202.5 points or 0.29% to 69,520.00, Taiwan Weighted added 257.2 points or 0.56% to 45,654.19, Jakarta Composite gained 247.31 points or 3.95% to 6,254.97, KOSPI increased 145.14 points or 1.67% to 8,691.12 and Straits Times rose 30.34 points or 0.59% to 5,107.63. However, Shanghai Composite weakened 10.61 points or 0.26% to 4,085.86 and Hang Seng declined 396.67 points or 1.62% to 24,446.00.
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