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Sensex, Nifty trade higher after volatile start amid mixed global cues
Jun-17-2026

Indian equity benchmarks made slightly positive start and turned volatile on Wednesday amid mixed global cues. Investors remained watchful ahead of the US Federal Reserve's policy decision. There are expectations that the rate-setting panel will hold the federal fund target rate steady at 3.5-3.75 per cent. Besides, commentary on inflation and the growth trajectory will be closely monitored. Sensex and Nifty soon gained some traction and were trading higher with decent gains in early deals supported by value buying in index heavyweights. Some support came as RBI data showed that sales of over 1,800 listed private manufacturing companies expanded by 14.5 per cent in the fourth quarter of 2025-26, mainly driven by automobiles, electrical machinery and non-ferrous metals industries.

On the global front, Asian markets were trading mixed with the Nikkei remaining close to record highs amid strength in technology shares, although anticipation of a Federal Reserve meeting limited overall gains. Straits Times traded higher as Singapore’s non-oil exports grew much more than expected in May, advancing at their fastest pace in over 20 years amid solid AI-driven demand for electronics. 

The BSE Sensex is currently trading at 77066.03, up by 257.55 points or 0.34% after trading in a range of 76768.49 and 77093.17. There were 21 stocks advancing against 9 stocks declining on the index.

The top gaining sectoral indices on the BSE were Consumer Durables up by 1.23%, IT up by 1.07%, Consumer Discretionary up by 0.86%, TECK up by 0.71% and Capital Goods up by 0.61%, while Utilities down by 0.52%, Realty down by 0.08% and Power down by 0.06% were the few losing indices on BSE.

The top gainers on the Sensex were Trent up by 3.29%, Eternal up by 3.16%, Tech Mahindra up by 1.67%, Infosys up by 1.20% and Sun Pharma up by 1.12%. On the flip side, NTPC down by 0.66%, Adani Ports & SEZ down by 0.60%, Axis Bank down by 0.52%, Bajaj Finserv down by 0.20% and Kotak Mahindra Bank down by 0.18% were the top losers.

Meanwhile, in a significant step toward strengthening bilateral relations, India and Canada have agreed to conclude negotiations on a free trade agreement by the end of 2026. The decision was taken during wide-ranging discussions between Prime Minister Narendra Modi and his Canadian counterpart, Mark Carney, focusing on enhancing cooperation in defence, trade, and energy. The leaders met on the sidelines of the G7 Summit in Evian-les-Bains, eastern France. 

The Ministry of External Affairs (MEA) said during the meeting, the two leaders reaffirmed concluding the negotiations for a Comprehensive Economic Partnership Agreement (CEPA) this year. It noted that the two prime ministers welcomed the positive momentum in bilateral relations and noted the progress achieved since Carney's visit to India in March this year. The two sides also agreed to launch negotiations on a General Security of Information Agreement to deepen defence and security cooperation. 

The leaders reviewed progress in economic cooperation, including commercial arrangements relating to LNG, LPG and metallurgical coal. They also welcomed growing institutional engagement, including recent meetings of the Joint Science and Technology Committee and the Consular Dialogue, and looked forward to dialogues in the areas of defence, finance and migration. The leaders also noted ongoing collaboration under the Canada-India Talent and Innovation Strategy and announced the establishment of Raisina Americas as a platform to further strengthen dialogue, exchanges and cooperation. Modi also expressed support for Canada becoming a Dialogue Partner of the Indian Ocean Rim Association.

The CNX Nifty is currently trading at 24061.55, up by 72.40 points or 0.30% after trading in a range of 23969.70 and 24063.80. There were 35 stocks advancing against 14 stocks declining, while 1 stock remain unchanged on the index.

The top gainers on Nifty were Trent up by 3.26%, Eternal up by 2.78%, Tech Mahindra up by 1.64%, Infosys up by 1.15% and Sun Pharma up by 1.11%. On the flip side, ONGC down by 1.13%, Tata Motors Passenger Vehicles down by 0.91%, NTPC down by 0.72%, Adani Ports & SEZ down by 0.58% and Axis Bank down by 0.48% were the top losers.

Asian markets were trading mixed; Taiwan Weighted lost 339.38 points or 0.74% to 45,469.81, Hang Seng declined 79.95 points or 0.33% to 24,414.00, Jakarta Composite fell 9.47 points or 0.15% to 6,245.50 and Shanghai Composite was down by 7.35 points or 0.18% to 4,084.54. On the other hand, Nikkei 225 surged 634.5 points or 0.91% to 70,039.00, Straits Times rose 66.89 points or 1.31% to 5,183.75 and KOSPI increased 44.76 points or 0.51% to 8,771.36.
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