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Markets add gains in late afternoon session
Jun-16-2026

Indian equity markets added gains in late afternoon session supported by strong buying in market heavy weights like Reliance Industries and HDFC Bank. Further, easing crude prices and optimism over a US-Iran peace deal framework continued to support investors’ sentiments. Besides, Brent crude oil prices fell over 2% to trade near $81 a barrel. Moreover, fund inflows from foreign institutional investors (FIIs) in Indian equities kept trading sentiments upbeat. The FIIs were the net buyers of securities worth Rs 200.05 crore on Monday's session. 

On the global front, Asian equity markets were trading mostly in green tracking gains on Wall Street overnight. European equity markets were trading higher as falling oil prices helped ease worries about inflation and the outlook for interest rates.

The BSE Sensex is currently trading at 76816.44, up by 552.11 points or 0.72% after trading in a range of 76443.34 and 76834.96. There were 21 stocks advancing against 9 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 1.70%, IT up by 1.52%, Energy up by 1.13%, TECK up by 1.06% and FMCG up by 1.03%, while Metal down by 1.26%, Basic Materials down by 0.44%, Healthcare down by 0.27%, Auto down by 0.19% and Telecom down by 0.09% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 3.32%, Hindustan Unilever up by 1.98%, Bajaj Finserv up by 1.97%, Reliance Industries up by 1.90% and NTPC up by 1.90%. On the flip side, Interglobe Aviation down by 0.89%, Tata Steel down by 0.76%, SBI down by 0.70%, Maruti Suzuki down by 0.60% and Ultratech Cement down by 0.45% were the top losers.

Meanwhile, Crisil Ratings in its latest report has said that the Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0) is likely to play a crucial role in addressing the near-term working capital increase, stemming from the impact of the West Asia conflict, for both micro, small and medium enterprises (MSMEs) and non-MSMEs (Excluding non-banking finance companies, power, telecom and select manufacturing sectors). It also said that the conflict has disrupted global supply chains and driven up crude-linked input costs, and is now stretching trade cycles, leading to elevated working capital requirements across industries.

The report further noted that many eligible companies are likely to take advantage of the scheme, with the strongest traction expected from eight sectors - ceramics, airlines, auto components, diamond polishers and basmati rice exporters, along with three crude-linked industries (Polyester textiles, specialty chemicals and flexible packaging manufacturers) - which are most impacted by cost inflation and supply disruptions. Companies in other sectors with elevated working capital needs, especially MSMEs with bank limit utilisation exceeding 75-80%, may also tap into the scheme.

Besides, Crisil Ratings stated that the incremental support in the form of ECLGS 5.0 could add around 10% of existing debt to the balance sheets of companies rated by it. This debt will have repayment obligations beginning in fiscals 2028 and 2029. The rating agency is expecting that the companies will have sufficient cash flows to service these obligations, given the current balance sheet strength of most entities.

The CNX Nifty is currently trading at 23995.05, up by 141.15 points or 0.59% after trading in a range of 23888.20 and 24000.30. There were 31 stocks advancing against 19 stocks declining on the index.

The top gainers on Nifty were HCL Technologies up by 3.17%, Tata Consumer Products up by 2.87%, NTPC up by 2.01%, Reliance Industries up by 1.95% and Hindustan Unilever up by 1.94%. On the flip side, Hindalco down by 2.77%, JSW Steel down by 1.68%, HDFC Life Insurance down by 1.15%, Interglobe Aviation down by 0.87% and Apollo Hospitals Enterprise down by 0.79% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 39.5 points or 0.06% to 69,357.00, Taiwan Weighted added 412.2 points or 0.9% to 45,809.19, KOSPI increased 180.62 points or 2.07% to 8,726.60 and Straits Times rose 40.61 points or 0.79% to 5,117.90, while Hang Seng declined 383.67 points or 1.57% to 24,459.00 and Shanghai Composite weakened 4.58 points or 0.11% to 4,091.89. Meanwhile, Indonesian market remained closed on account of holiday.

European equity markets were trading higher; UK’s FTSE 100 increased 62.65 points or 0.6% to 10,493.27, France’s CAC rose 72.29 points or 0.85% to 8,456.30 and Germany’s DAX gained 221.39 points or 0.89% to 25,115.40. 
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