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Indices trade slightly in green in late morning deals
Jun-23-2026

Domestic equity indices remained flat and were trading slightly in green in late morning deals on account of buying in Sun Pharma, ICICI Bank, Bajaj Finance, Larsen & Toubro and Axis Bank. Falling crude oil prices in international markets provided some support to domestic sentiments.  However, gains were capped after India’s private sector activity expanded at a slower pace in June, as demand for goods and services softened and companies added fewer jobs. The HSBC Flash India Composite PMI Output Index fell to a preliminary reading of 57.4 in June from 59.3 in May. On the BSE sectoral front, traders were seen piling up positions in Realty, Healthcare, Capital Goods, Industrials and Consumer Disc, while selling was witnessed in IT, Metal, TECK, Utilities and Basic Materials.

On the global front, Asian markets were mostly trading in the red following mostly negative cues from US markets overnight. Back home, in the stock specific development, Syrma SGS Technology surged as the company executed an agreement with Kaga Electronics India (Kaga) to set up a joint venture company.   

The BSE Sensex is currently trading at 77154.29, up by 60.22 points or 0.08% after trading in a range of 76878.66 and 77194.83. There were 17 stocks advancing against 13 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 1.68%, Healthcare up by 1.48%, Capital Goods up by 0.28%, Industrials up by 0.24%, Consumer Disc up by 0.18%, while IT down by 1.78%, Metal down by 1.37%, TECK down by 1.12%, Utilities down by 0.78% and Basic Materials down by 0.74% were the top losing indices on BSE.

The top gainers on the Sensex were Sun Pharma up by 1.71%, ICICI Bank up by 1.23%, Bajaj Finance up by 0.96%, Larsen & Toubro up by 0.85% and Axis Bank up by 0.79%. On the flip side, Infosys down by 2.75%, TCS down by 2.52%, Tech Mahindra down by 1.99%, Tata Steel down by 1.16% and HCL Technologies down by 1.09% were the top losers.

Meanwhile, Crisil in its latest report has said that risks such as possible inflationary pressures or reduction in discretionary household cash flows may influence the repayment behaviour of microfinance borrowers, despite no direct impact from the West Asia conflict on the sector. The report also said that the impact of the El Nino phenomenon on rural incomes will bear watching. Further, the report stated that states like Karnataka, Tamil Nadu, and Bihar have enacted introduced legislations for tighter oversight on unregulated microfinance lending practices, including enhanced borrower protection norms, restrictions on recovery practices and stricter compliance guidelines.

As per report, Karnataka experienced a moderation in collections, with efficiency declining by 5-6 per cent soon following the implementation of the state's microfinance ordinance in February 2025. However, the report said Tamil Nadu and Bihar did not exhibit any material impact on collections as lenders were able to incorporate learnings from the Karnataka experience and adapt their operational approaches accordingly.

Besides, the report said that the collections of microfinance securitised pools has improved sharply after the implementation of guardrails on new loan originations. Pools originated thereafter reported a 60 per cent reduction in overdue build-up at 1.6 per cent, ten months after securitisation, compared to 3.7 per cent for the pools originated during the stress period of fiscal 2025.

The CNX Nifty is currently trading at 24122.10, up by 19.20 points or 0.08% after trading in a range of 24040.05 and 24135.50. There were 28 stocks advancing against 22 stocks declining on the index.

The top gainers on Nifty were Cipla up by 3.04%, Sun Pharma up by 1.78%, Shriram Finance up by 1.25%, ICICI Bank up by 1.23% and Tata Consumer up by 1.15%. On the flip side, Infosys down by 2.80%, TCS down by 2.58%, Hindalco down by 2.08%, Tech Mahindra down by 2.02% and Wipro down by 1.99% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 2093.96 points or 2.89% to 70,260.00, Taiwan Weighted lost 640.86 points or 1.36% to 47,100.65, Jakarta Composite plunged 79.17 points or 1.31% to 6,037.52, Shanghai Composite weakened 47.85 points or 1.15% to 4,115.25, KOSPI dropped 739.24 points or 8.83% to 8,375.31 and Hang Seng declined 378.52 points or 1.59% to 23,390.00. However, Straits Times rose 11.65 points or 0.22% to 5,215.66.
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