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Key gauges end in green amid easing tensions in West Asia
Jun-22-2026

Indian equity benchmarks ended in positive territory on Monday following a decline in crude oil prices and supportive global cues amid hopes of diplomatic progress in US-Iran talks. Fresh foreign fund inflows and buying in blue-chips Tech Mahindra and Sun Pharma also supported the markets. 

Some of the important factors in trade: 

India, EU to sign FTA by December 2026: With an aim to deepen economic ties and strengthen bilateral trade, Commerce and Industry Minister Piyush Goyal has stated that India and the 27-member European Union (EU) are likely to sign a Free Trade Agreement (FTA) by December 2026, with implementation likely between February and March 2027. 

India, South Korea hold discussions on digital governance, service delivery: India and South Korea have held discussions on strengthening cooperation between the two countries in areas such as digital governance, e-government services, public administration, capacity development, and citizen-centric service delivery. 

India seeks BRICS nations' cooperation to strengthen MSME sector, boost growth: India has said that the cooperation among BRICS nations can help strengthen micro, small and medium enterprises, support weaker sections and contribute to the economic growth of member countries. 

ICRA projects 4-6% growth in PV sales in India in FY27: Ratings agency ICRA in its latest report has said that passenger vehicle (PV) sales in India are projected to grow 4-6 per cent in FY27, supported by steady consumer demand, improved affordability following GST rate reductions, and continued strength in the utility vehicle segment.   

Global front: European markets were trading mostly in red as traders assessed the latest developments in the Iran war negotiations and awaits the release of inflation data closely watched by the Federal Reserve. Asian markets settled higher amidst signs of diplomatic progress between the U.S. and Iran. 

Finally, the BSE Sensex rose 291.17 points or 0.38% to 77,094.07 and the CNX Nifty was up by 89.80 points or 0.37% to 24,102.90. 

The BSE Sensex touched high and low of 77,325.56 and 77,008.02, respectively. There were 18 stocks advancing against 12 stocks declining on the index. 

The top gaining sectoral indices on the BSE were Utilities up by 1.01%, Healthcare up by 0.81%, IT up by 0.69%, Oil & Gas up by 0.68% and Energy up by 0.68%, while Consumer Durables down by 1.05% and FMCG down by 0.31% were the few losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 1.87%, Sun Pharma up by 1.39%, Reliance Industries up by 1.31%, Infosys up by 1.29% and Bharat Electronics up by 1.01%. On the flip side, Asian Paints down by 2.15%, Titan Company down by 1.11%, Power Grid Corporation down by 0.87%, Trent down by 0.78% and ITC down by 0.75% were the top losers.

Meanwhile, with an aim to deepen economic ties and strengthen bilateral trade, Commerce and Industry Minister Piyush Goyal has stated that India and the 27-member European Union (EU) are likely to sign a Free Trade Agreement (FTA) by December 2026, with implementation likely between February and March 2027. On January 27, 2026, India and the EU announced the successful conclusion of negotiations for the 'mother of all deals'.

About the agreement, Goyal said that ‘with almost zero duty, nearly the entire European market will be open to India.’ He also noted that Jamieson Greer, the United States Trade Representative, is scheduled to visit India for discussions on a potential trade pact. Emphasizing India's growing global importance, he highlighted that ‘the whole world is looking towards India.’

Under the India-EU FTA, around 93% of Indian exports are likely to receive duty-free access to the EU market, significantly enhancing trade opportunities for Indian businesses. At the same time, imports of luxury cars and wines from the EU are likely to become more affordable in India. Collectively, India and the EU account for 25% of the global GDP and one-third (about $11 trillion) of international trade (about $33 trillion).

CNX Nifty touched high and low of 24,168.05 and 24,073.15, respectively. There were 27 stocks advancing against 23 stocks declining on the index. 

The top gainers on Nifty were Cipla up by 4.82%, Tech Mahindra up by 2.16%, Dr. Reddy's Lab up by 1.56%, Bajaj Auto up by 1.47% and Sun Pharma up by 1.40%. On the flip side, Asian Paints down by 2.20%, Titan Company down by 1.20%, Nestle down by 1.05%, Shriram Finance down by 0.99% and Trent down by 0.93% were the top losers.

European markets were trading mostly in red; France’s CAC fell 52.94 points or 0.63% to 8,368.20 and Germany’s DAX lost 27.92 points or 0.11% to 24,957.90, while UK’s FTSE 100 increased 27.35 points or 0.26% to 10,390.62.

Asian markets settled higher on Monday as crude oil prices dipped after the first round of US-Iran talks has ended with both sides agreeing on a roadmap towards a final deal, which alleviated market fears following renewed hostilities in Lebanon. Japan’s Nikkei 225 Index surged to new record highs as Japanese firms tied to the global artificial intelligence infrastructure boom continued to lead the market higher. Chinese shares climbed as investors returned from a holiday break and digested the PBOC's decision to leave its key lending rates unchanged. However, investors remained cautious over the prospect of US interest rates staying higher for longer following the Federal Reserve's recent hawkish signals.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,163.10

72.62

1.78

Hang Seng

23,768.52

-156.29

-0.65

Jakarta Composite

6,116.69

-60.45

-0.99

KLSE Composite

1,700.84

-11.19

-0.65

Nikkei 225

72,353.96

1,103.90

1.55

Straits Times

5,204.01

11.31

0.22

KOSPI Composite

9,114.55

62.13

0.69

Taiwan Weighted

47,741.51

1,276.31

2.75
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