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Key gauges remain in green in morning deals
Jun-17-2026

Indian equity benchmarks continued to trade in green in morning deals, following a decline in crude oil prices. Traders took support with Commerce ministry’s data showing that the share of services in India's total exports increased from 33.8 per cent in FY15 to 48.8 per cent in FY26. This growth was driven by the rapid expansion of the IT sector, growth in global capability centres (GCCs), and a post-pandemic shift towards digital delivery of services. Some support also came as Ministry of External Affairs (MEA) stated that India and Canada have agreed to conclude negotiations for a free trade agreement by the year-end as Prime Minister Narendra Modi held wide-ranging talks with his Canadian counterpart Mark Carney on boosting ties in areas of defence, trade and energy. Sector-wise, defence sector’s stocks remained in watch as the defence ministry said India's annual defence production touched an all-time high of Rs 1.78 lakh crore in the financial year 2025-26. On the global front, Asian markets were trading mixed as investors sought more clarity on the U.S.-Iran interim peace deal and awaited the U.S. Federal Reserve's interest-rate decision later in the day. 

The BSE Sensex is currently trading at 77065.53, up by 257.05 points or 0.33% after trading in a range of 76768.49 and 77134.72. 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 1.41%, Capital Goods up by 1.05%, Consumer discretionary up by 0.73%, IT up by 0.71% and TECK up by 0.70%, while Realty down by 0.88% and Utilities down by 0.50% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 3.56%, Eternal up by 2.62%, Tech Mahindra up by 1.51%, Infosys up by 1.11% and Tata Steel up by 0.94%. On the flip side, Bajaj Finserv down by 0.64%, Axis Bank down by 0.58%, NTPC down by 0.51%, Power Grid Corporation down by 0.37% and Kotak Mahindra Bank down by 0.32% were the top losers.

Meanwhile, Commerce ministry in its latest data has showed that the share of services in India's total exports increased from 33.8 per cent in FY15 to 48.8 per cent in FY26. This growth was driven by the rapid expansion of the IT sector, growth in global capability centres (GCCs), and a post-pandemic shift towards digital delivery of services. Services exports increased from $158.1 billion in FY15 to $421.3 billion in FY26, registering a Compound Annual Growth Rate (CAGR) of 9.3 per cent over the 12-year period.  

According to the data, India's total exports reached a record $863 billion in FY26, nearly doubling from $468 billion in FY15, reflecting sustained momentum in both goods and services trade over the past decade. Services exports recorded robust expansion during this period, except in FY21 when they were impacted by the COVID-19 pandemic. Software services, which account for more than 40 per cent of total services exports, remained the key growth driver, while professional and management consulting emerged as the second-largest contributor. Besides, goods shipments too surged from $310 billion in FY15 to $442 billion in FY26.

Highlighting the achievements of the Narendra Modi-led NDA government over the past 12 years, the ministry said it has taken a series of measures for trade facilitation, including simplification of 47 processes; automated FTP (foreign trade policy) processes; auto-validated Importer Exporter Code issuance; and launch of export promotion mission.

The CNX Nifty is currently trading at 24075.70, up by 86.55 points or 0.36% after trading in a range of 23969.70 and 24082.80. There were 33 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were Trent up by 3.81%, Eternal up by 2.72%, Tech Mahindra up by 1.47%, Infosys up by 1.19% and Hindalco up by 1.13%. On the flip side, ONGC down by 1.33%, Tata Motors Passenger down by 1.17%, Cipla down by 0.68%, Bajaj Finserv down by 0.65% and Axis Bank down by 0.54% were the top losers.

Asian markets were trading mixed; Taiwan Weighted lost 289.26 points or 0.63% to 45,519.93, Jakarta Composite plunged 48.8 points or 0.78% to 6,206.17, Shanghai Composite weakened 16.83 points or 0.41% to 4,075.06 and Hang Seng declined 112.95 points or 0.46% to 24,381.00.

On the flip side, KOSPI increased 66.36 points or 0.76% to 8,792.96, Straits Times rose 66.89 points or 1.31% to 5,183.75 and Nikkei 225 surged 627.5 points or 0.9% to 70,032.00. 
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