HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Post Session: Quick Review
Jun-17-2026

Indian equity benchmarks ended higher on Wednesday, with both the Nifty and Sensex extending their winning streak to a fourth consecutive session ahead of the U.S. Federal Reserve’s policy decision later in the day. After making a cautious start, soon indices gained momentum and traded in positive territory throughout the session, supported by continued optimism over a potential U.S.-Iran deal and easing crude oil prices.

Some of the important factors in trade:

India, Canada aim to finalise free trade agreement by end of 2026: 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. 

Sales of listed private manufacturing companies rise by 14.5% in Q4FY26: Investors took some support with the Reserve Bank of India’s (RBI) latest data stating that sales of more than 1,800 listed private manufacturing companies expanded by 14.5 per cent in the fourth quarter of 2025-26 (Q4FY26) as compared to 11.4 per cent in the previous quarter, mainly led by automobiles, electrical machinery and non-ferrous metals industries. 

India's services exports share increases to 48.8% of total exports in FY26: 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.

On the global front: European markets were trading mostly in green ahead to the U.S. Federal Reserve's monetary policy announcement due later in the day. Asian markets closed mostly higher, as traders were positive about the inking of a peace deal between the US and Iran on Friday to end the Middle East war and the opening of the Strait of Hormuz.

The BSE Sensex ended at 77155.62, up by 347.14 points or 0.45% after trading in a range of 76768.49 and 77218.99. There were 21 stocks advancing against 9 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Capital Goods up by 2.76%, Industrials up by 1.83%, Consumer Durables up by 1.39%, Power up by 1.19%, and PSU up by 1.17%, while Auto down by 0.50%, Realty down by 0.45%, FMCG down by 0.20%, and Utilities down by 0.14% were the few losing indices on BSE. (Provisional)

The top gainers on the Sensex were Trent up by 7.28%, Bharat Electronics up by 3.69%, Eternal up by 1.76%, Tata Steel up by 1.51% and Titan Company up by 1.09%. On the flip side, Bajaj Finserv down by 1.16%, Axis Bank down by 1.08%, Kotak Mahindra Bank down by 0.88%, Mahindra & Mahindra down by 0.51% and Asian Paints down by 0.42% were the top losers. (Provisional)

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 ended at 24085.70, up by 96.55 points or 0.40% after trading in a range of 23969.70 and 24108.20. There were 33 stocks advancing against 16 stocks declining on the index, while one stock remained unchanged. (Provisional)

The top gainers on Nifty were Trent up by 6.94%, Bharat Electronics up by 3.61%, Hindalco up by 2.60%, SBI Life Insurance up by 1.94% and Eternal up by 1.68%. On the flip side, Tata Motors Passenger down by 8.12%, Cipla down by 1.67%, Bajaj Finserv down by 1.25%, ONGC down by 1.11% and Axis Bank down by 1.04% were the top losers. (Provisional)

European markets were trading mostly in green; France’s CAC rose 13.93 points or 0.16% to 8,461.20 and Germany’s DAX increased 1.09 points to 24,911.50, while UK’s FTSE 100 decreased 8.71 points or 0.08% to 10,485.50.

Asian markets settled mostly higher on Wednesday as Brent crude futures fell toward $78 per barrel mark on optimism about an end to the US-Iran war and a possible reopening of the Strait of Hormuz, crucial for oil and gas transit worldwide. Meanwhile, investors were awaiting the U.S. Federal Reserve's interest-rate decision under Chairman Kevin Warsh later in the day and Friday's signing of the US-Iran interim peace agreement. Seoul shares rose as falling crude oil prices tempered inflation concerns. Chinese shares gained after PBoC governor Pan Gongsheng unveiled six new financial policy measures at the 2026 Lujiazui Forum to strengthen monetary policy management, stabilize markets, and boost offshore renminbi development. Moreover, Japanese shares advanced after data showed Japan's exports grew at their fastest pace since November 2022 in May, while April's core machinery orders unexpectedly jumped 8.7% month-on-month. Stock market of Malaysia was closed for Islamic New Year (Hijri).

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,108.08

16.18

0.40

Hang Seng

24,312.16

-181.79

-0.74

Jakarta Composite

6,220.74

-34.23

-0.55

KLSE Composite

--

--

--

Nikkei 225

69,902.25

497.75

0.72

Straits Times

5,176.46

59.60

1.16

KOSPI Composite

8,864.24

137.64

1.58

Taiwan Weighted

45,877.39

68.20

0.15
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.