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Markets continue to trade higher in late afternoon session
Jun-17-2026

Benchmarks continued to trade higher in late afternoon session supported fall in crude oil prices with Brent crude oil trading below $79 a barrel mark amid easing tensions in West Asia. Further, strong buying was seen in Capital Goods, Industrials and Consumer Durables stocks, while Auto and Realty suffered losses. Meanwhile, the Reserve Bank of India (RBI) in its latest data has said that sales of more than 1,800 listed private manufacturing companies expanded by 14.5% in the fourth quarter of 2025-26 (Q4FY26) as compared to 11.4% in the previous quarter, mainly led by automobiles, electrical machinery and non-ferrous metals industries. 

On the global front, Asian equity markets were trading mostly in green ahead of the U.S. Federal Reserve's interest-rate decision under Chairman Kevin Warsh later in the day. European equity markets were trading mostly in red after eurozone consumer price inflation held at 3.2% in May 2026, the highest since September 2023. 

The BSE Sensex is currently trading at 77025.72, up by 217.24 points or 0.28% after trading in a range of 76768.49 and 77218.99. There were 18 stocks advancing against 12 stocks declining on the index.

The top gaining sectoral indices on the BSE were Capital Goods up by 2.15%, Industrials up by 1.52%, Consumer Durables up by 1.14%, Metal up by 0.88% and PSU up by 0.84%, while Auto down by 0.82%, Realty down by 0.72%, Utilities down by 0.45%, FMCG down by 0.31% and Healthcare down by 0.18% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 6.21%, Bharat Electronics up by 2.06%, Eternal up by 1.95%, Infosys up by 1.34% and Tata Steel up by 1.17%. On the flip side, Bajaj Finserv down by 1.65%, Kotak Mahindra Bank down by 1.27%, Maruti Suzuki down by 0.71%, Axis Bank down by 0.64% and Asian Paints down by 0.54% were the top losers.

Meanwhile, indicating a worrying situation for state finances, the Comptroller and Auditor General of India (CAG) in its Publication on State Finances 2024-25 has highlighted a sharp increase in states' expenditure over the past decade. It noted that total expenditure of the states increased from Rs 22.18 lakh crore in FY 2015-16 to Rs 51.20 lakh crore in 2024-25, marking a 131 per cent increase. The growth in spending broadly in line with economic growth and driven by spending on welfare and development programmes.  

The report said revenue expenditure continued to dominate budgets, accounting for more than 83 per cent of total spending, while capital expenditure increased in absolute terms but remained a relatively smaller share. Social and economic services together constituted nearly two-thirds of total expenditure, underscoring states' continued emphasis on welfare and developmental activities.  

The report further noted that committed expenditure and subsidies consistently absorbed more than half of revenue expenditure, reaching 53.31 per cent in 2024-25, with subsidies witnessed rapid growth during the period. At the disaggregate level, states' expenditure remained concentrated in 8 object categories -- including 3 types of grants-in-aid, salaries, pensions, interest payments, subsidies and major works -- accounting for nearly 78.46 per cent of total spending and about 12.38 per cent of combined Gross State Domestic Product (GSDP). This highlights the continued dominance of committed and obligatory expenditures in state budgets. 

The CNX Nifty is currently trading at 24043.35, up by 54.20 points or 0.23% after trading in a range of 23969.70 and 24108.20. There were 27 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Trent up by 6.25%, Hindalco up by 2.38%, Bharat Electronics up by 1.96%, Eternal up by 1.91% and Infosys up by 1.26%. On the flip side, Tata Motors Passenger Vehicles down by 8.21%, Cipla down by 1.86%, Bajaj Finserv down by 1.72%, ONGC down by 1.33% and Eicher Motors down by 1.18% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 590.5 points or 0.84% to 69,995.00, Taiwan Weighted added 68.2 points or 0.15% to 45,877.39, KOSPI increased 137.64 points or 1.55% to 8,864.24, Straits Times rose 60.94 points or 1.18% to 5,177.80 and Shanghai Composite strengthened 16.19 points or 0.39% to 4,108.08, while Hang Seng declined 191.95 points or 0.79% to 24,302.00 and Jakarta Composite plunged 55.68 points or 0.9% to 6,199.29.

European equity markets were trading mostly in red; UK’s FTSE 100 decreased 16.73 points or 0.16% to 10,477.48 and Germany’s DAX lost 41.01 points or 0.16% to 24,869.40, while France’s CAC rose 6.13 points or 0.07% to 8,453.40.
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