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Key gauges add gains in morning deals
Jun-24-2026

Indian equity benchmarks have extended their gains in morning deals, following softening crude oil prices and buying in blue-chips. Traders took support after India and the United States have held high-level trade talks aimed at salvaging and recalibrating a proposed bilateral trade agreement after changes in US tariff policy upended a framework negotiated earlier this year. Some optimism also came with a report stated that India and the U.K. have held constructive and forward-looking deliberations at a meeting of a key group to chart a robust roadmap to deepen defence cooperation and strengthen the enduring partnership between their armies. Some support also came as exchange data showed Foreign Institutional Investors (FIIs) bought equities worth Rs 17.86 crore on Tuesday. On the global front, Asian markets were trading mixed following mostly negative cues from global markets on doubts over the sustainability of the AI boom. 

The BSE Sensex is currently trading at 76752.93, up by 552.25 points or 0.72% after trading in a range of 76121.59 and 76788.88. There were 23 stocks advancing against 7 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 1.29%, Bankex up by 0.97%, TECK up by 0.48%, Oil & Gas up by 0.40% and Healthcare up by 0.36%, while Power down by 1.16%, Capital Goods down by 0.92%, Utilities down by 0.52%, Telecom down by 0.47% and Industrials down by 0.37% were the top losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 3.08%, ICICI Bank up by 2.37%, Infosys up by 2.08%, Interglobe Aviation up by 2.00% and Trent up by 1.74%. On the flip side, Tata Steel down by 1.32%, NTPC down by 1.28%, Maruti Suzuki down by 1.25%, Bharti Airtel down by 0.92% and Titan Company down by 0.62% were the top losers.

Meanwhile, with an aim to simplify the onboarding process for MSME sellers and enable financiers to avail credit guarantees for their exposures, the Reserve Bank of India (RBI) has issued final directions on Trade Receivables Discounting System (TReDS) platforms. Trade Receivables Discounting System is an online platform which helps small businesses auction their invoices or trade receivables to banks and other financial institutions to unlock working capital.

The RBI said ‘An applicant shall have a minimum net worth of Rs 25 crore and shall submit a certificate in the format from its statutory auditor.’ Existing entities authorised to operate the TReDS platform will have to ensure that networth criterion is met by March 31, 2028. Also, the minimum net worth shall be maintained on an ongoing basis. It stated the TReDS platform should bring participants together to facilitate the uploading, bidding, discounting, and settlement of sellers’ invoices and bills.  

It noted that the platform should put in place a suitable mechanism to establish the genuineness of the uploaded invoices/bills. The RBI said ‘The platform shall facilitate efficient and seamless settlement of transactions between financier and seller for financing of trade receivables and between buyer and financier on the due date, using any authorised payment system.’ Seller means micro, small and medium enterprise (MSME). A financier refers to entities or institutions allowed to undertake factoring business. MSMEs face constraints in obtaining adequate finance, particularly in terms of their ability to convert their trade receivables into liquid funds. To address the issue, the RBI has, over time, authorised the setting up of TReDS platforms to facilitate financing of trade receivables of MSME sellers.

The CNX Nifty is currently trading at 23952.35, up by 128.25 points or 0.54% after trading in a range of 23789.25 and 23970.30. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were Tech Mahindra up by 3.06%, ICICI Bank up by 2.40%, Dr. Reddy's Labs. up by 2.31%, Interglobe Aviation up by 2.19% and Infosys up by 2.09%. On the flip side, Bajaj Auto down by 1.89%, HDFC Life Insurance down by 1.56%, SBI Life Insurance down by 1.51%, NTPC down by 1.34% and Maruti Suzuki down by 1.29% were the top losers.

Asian markets were trading mixed; Nikkei 225 slipped 425.38 points or 0.61% to 69,363.00, Taiwan Weighted lost 886.26 points or 1.88% to 46,214.39, Jakarta Composite plunged 100.49 points or 1.65% to 6,000.84 and Shanghai Composite weakened 3.86 points or 0.09% to 4,102.39.

On the flip side, KOSPI increased 220.11 points or 2.68% to 8,423.95, Hang Seng advanced 9.72 points or 0.04% to 23,346.00 and Straits Times rose 8.92 points or 0.17% to 5,214.66. 
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