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Post Session: Quick Review
Jul-31-2026

Indian equity benchmarks extended their gains for a third consecutive session on Friday, supported by strength in Auto and Financial Services stocks. Markets made a cautious start amid a sharp decline in Information Technology (IT) shares. However, the benchmarks soon gained some traction and traded in positive territory, amid continued foreign fund inflows and easing crude oil prices. Investors also remained focused on upcoming corporate earnings.

Some of the important factors in trade:

Ongoing foreign fund inflows: Traders took some support from foreign fund inflows, with provisional data showing that foreign portfolio investors (FPIs) purchased Indian equities worth Rs 3,623.51 crore on July 30, 2026.

India-EU FTA includes comprehensive plan to address EU carbon tax concerns: Some support also came as Additional Secretary in the Department of Commerce, Darpan Jain stated that the India-European Union (EU) Free Trade Agreement (FTA) includes a comprehensive work plan to address concerns surrounding the EU's Carbon Border Adjustment Mechanism (CBAM), commonly referred to as the carbon tax.

Growth in Asia-Pacific region likely to moderate to 4.1% in 2026: Traders took a note of Moody's reportedly stated that the growth in the Asia-Pacific (APAC) region is likely to moderate to 4.1 per cent in 2026 from 4.3 per cent in 2025 and further to slow down to 3.6 per cent in 2027, amid high commodity prices, tighter policy settings, and unusually hot and dry weather. 

On the global front: European markets were trading in green, as upbeat tech earnings helped ease concerns about AI returns. Asian markets closed mostly in green following the broadly positive cues from Wall Street overnight. 

The BSE Sensex ended at 78094.64, up by 166.49 points or 0.21% after trading in a range of 77809.93 and 78272.25. There were 16 stocks advancing against 13 stocks declining on the index, while one stock remained unchanged. (Provisional)

The top gaining sectoral indices on the BSE were Auto up by 1.99%, Capital Goods up by 1.78%, Industrials up by 1.31%, Power up by 1.26% and Oil & Gas up by 1.01%, while IT down by 1.39%, FMCG down by 0.90%, TECK down by 0.73% and Consumer Durables down by 0.16% were the few losing indices on BSE. (Provisional)

The top gainers on the Sensex were Bajaj Finance up by 7.98%, Bajaj Finserv up by 6.42%, Mahindra & Mahindra up by 3.42%, Adani Ports and Special Economic Zone up by 1.90% and Tata Steel up by 1.42%. On the flip side, TCS down by 2.74%, Eternal down by 2.64%, Infosys down by 2.22%, ITC down by 1.51% and Interglobe Aviation down by 1.29% were the top losers. (Provisional)

Meanwhile, India and Bhutan have reviewed the progress and implementation of India-supported projects across diverse sectors in Bhutan. Further, they inked pact for a concessional line of credit of Rs 4,000 crore (Nu 40 billion) to support development initiatives in Bhutan. The agreement was exchanged between the Export-Import Bank of India and Bhutan's Ministry of Finance.

Besides, two sides exchanged a memorandum of understanding (MoU) for cooperation in health education and research between the All India Institute of Medical Sciences (AIIMS) and Bhutan's Khesar Gyalpo University of Medical Sciences. As part of India's support for Bhutan's green mobility initiatives, 45 electric vehicles were handed over to the Royal Government of Bhutan.

India is Bhutan's largest development partner and has been extending financial and technical assistance for infrastructure, connectivity, education, health and capacity-building projects over the decades. The country has committed support for Bhutan's 13th Five-Year Plan as part of its longstanding development partnership with the neighbouring Himalayan kingdom.

The CNX Nifty ended at 24383.60, up by 66.45 points or 0.27% after trading in a range of 24299.70 and 24429.40. There were 29 stocks advancing against 21 stocks declining on the index. (Provisional)

The top gainers on Nifty were Bajaj Finance up by 8.32%, Bajaj Finserv up by 6.27%, JIO Financial Services up by 3.85%, Mahindra & Mahindra up by 3.50% and Adani Ports and Special Economic Zone up by 1.95%. On the flip side, TCS down by 2.72%, Eternal down by 2.64%, Max Healthcare Inst. down by 2.34%, Infosys down by 2.18% and Wipro down by 1.44% were the top losers. (Provisional)

European markets were trading higher; France’s CAC rose 78.86 points or 0.93% to 8,564.50, Germany’s DAX gained 190.57 points or 0.74% to 25,802.60 and UK’s FTSE 100 increased 59.73 points or 0.55% to 10,957.00.

Asian markets settled mostly higher on Friday, led by the South Korean, Taiwanese and Japanese markets, tracking a strong global rebound in technology and semiconductor stocks after upbeat earnings from Microsoft eased earlier investor fears regarding heavy artificial intelligence spending. Meanwhile, Wall Street’s gains overnight after the Fed's interest-rate decision also helped to support market sentiments. Japanese shares gained after the Bank of Japan left its short-term policy rate steady at 1%, in line with expectations, keeping borrowing costs at their highest level since September 1995 following a 25-basis-point rate hike in June. However, some gains were limited as Middle East tensions persisted, China manufacturing data disappointed and uncertainty prevailed over the US interest-rate outlook. The National Bureau of Statistics has stated that the manufacturing sector in China slipped into contraction territory in July, with a manufacturing PMI score of 49.2. That missed forecasts for a score of 50.1 and was down from 50.3 in June.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,832.26

27.57

0.72

Hang Seng

25,884.43

25.55

0.10

Jakarta Composite

6,236.13

49.77

0.80

KLSE Composite

1,724.90

4.50

0.26

Nikkei 225

64,362.02

2,494.59

4.03

Straits Times

5,628.50

-45.08

-0.79

KOSPI Composite

6,595.45

1,001.89

17.91

Taiwan Weighted

43,119.75

3,186.45

7.98
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