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Key gauges continue to trade marginally in green
May-26-2026

Indian equity benchmarks continued to trade marginally in green in late morning deals, led by gains in Utilities, Power and Metal stocks. Traders took some support as report said India and South Korea began the next round of negotiations to upgrade the Comprehensive Economic Partnership Agreement (CEPA), which was implemented in January 2010. However, gains remain capped as some concern came with Moody's Ratings’ report stated that elevated global energy prices triggered by the ongoing West Asia conflict, are expected to weigh on the near-term credit conditions of Indian corporates, despite strong balance sheets and favourable long-term growth prospects. Separately, amid West Asia crisis disrupting global energy supply chains, the Indian External Affairs Minister S Jaishankar has held talks with his Japanese counterpart Motegi Toshimitsu focused on economic fallout related to the supply chains disruption. On the global front, Asian markets were trading mostly in red amid renewed uncertainty about a potential peace deal to end the Middle East conflict after the US attacked key Iranian missile launch sites in Southern Iran and boats attempting to lay mines, in what Iran said were defensive actions.

The BSE Sensex is currently trading at 76533.61, up by 44.65 points or 0.06% after trading in a range of 76224.14 and 76627.04. There were 17 stocks advancing against 13 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 1.03%, Power up by 0.92%, Metal up by 0.87%, Telecom up by 0.76% and Basic Materials up by 0.74%, while Healthcare down by 0.15% and Consumer Durables down by 0.11% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.72%, Adani Ports &SEZ up by 0.92%, Infosys up by 0.89%, Maruti Suzuki up by 0.79% and Hindustan Unilever up by 0.73%. On the flip side, Sun Pharma down by 1.07%, Interglobe Aviation down by 0.66%, TCS down by 0.64%, Trent down by 0.57% and Bharti Airtel down by 0.54% were the top losers.

Meanwhile, rating agency Icra has said that the Reserve Bank of India (RBI) may hold off on tightening monetary policy for now despite mounting inflation risks from higher fuel prices and monsoon uncertainty. A rate hike is possible only towards the end of the year if price pressures persist.

Aditi Nayar, Chief Economist at Icra, said ‘We don't think that the MPC (monetary policy committee) will go in for a rate hike very soon. This is a supply shock. It is very different from the Covid shock, which was a simultaneous supply and demand shock.’ Nayar stated the RBI is likely to wait for clearer evidence of second-round inflationary effects before acting. 

The rating agency has increased its FY27 consumer price inflation (CPI) projection to 5 per cent, following recent retail fuel price increases, taking inflation above the RBI's medium-term target. However, the agency expects the MPC to remain on hold through the next two policy reviews, with a possible stance shift in October and a rate hike in December policy if necessary.

The CNX Nifty is currently trading at 24075.75, up by 44.05 points or 0.18% after trading in a range of 23965.70 and 24089.80. There were 32 stocks advancing against 18 stocks declining on the index.

The top gainers on Nifty were Coal India up by 3.56%, Adani Enterprises up by 2.28%, Tata Motors Passenger up by 2.24%, Eternal up by 1.79% and ONGC up by 1.02%. On the flip side, Sun Pharma down by 0.98%, Apollo Hospital down by 0.74%, TCS down by 0.66%, Interglobe Aviation down by 0.63% and Bharti Airtel down by 0.52% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 197.19 points or 0.3% to 64,961.00, Taiwan Weighted lost 73.12 points or 0.17% to 43,571.28, Jakarta Composite plunged 56.67 points or 0.92% to 6,149.68, Shanghai Composite weakened 30.2 points or 0.73% to 4,122.37 and Straits Times fell 20.89 points or 0.41% to 5,049.66. On the flip side, KOSPI increased 232.35 points or 2.88% to 8,080.06 and Hang Seng advanced 45.97 points or 0.18% to 25,652.00.
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