HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Indices continue to trade in fine fettle in late morning deals
Jun-24-2026

Domestic equity indices continued to post gains and were trading near the day’s highs in late morning deals, owing to hectic buying in ICICI Bank, Tech Mahindra, Trent, InterGlobe Aviation, and HDFC Bank. Declining crude oil prices supported market sentiment. Crude oil prices fell as concerns over potential supply disruptions eased. Sentiments were further supported by Indian rupee appreciating 11 paise to 94.65 against the dollar at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks. On the BSE sectoral front, traders accumulated positions in Bankex, IT, Realty, TECK, and Oil & Gas, while selling pressure was seen in Power, Capital Goods, Utilities, Industrials, and Telecom.

On the global front, Asian markets were trading mixed, following negative cues from US markets overnight. Back home, in the stock specific development, Tech Mahindra surged as the company expanded its partnership with Telefonica Germany to build a next-generation private cloud platform to accelerate cloud-native transformation and to provide Platform-as-a-Service (Paas) for technology and enterprise business growth. 

The BSE Sensex is currently trading at 76848.33, up by 647.65 points or 0.85% after trading in a range of 76121.59 and 76882.37. There were 21 stocks advancing against 9 stocks declining on the index.

The top gaining sectoral indices on the BSE were Bankex up by 1.38%, IT up by 1.17%, Realty up by 0.54%, TECK up by 0.52% and Oil & Gas up by 0.27%, while Power down by 1.43%, Capital Goods down by 1.10%, Utilities down by 0.94%, Industrials down by 0.47%, Telecom down by 0.27% were the top losing indices on BSE.

The top gainers on the Sensex were ICICI Bank up by 2.59%, Tech Mahindra up by 2.50%, Trent up by 2.17%, Interglobe Aviation up by 2.00% and HDFC Bank up by 1.92%. On the flip side, NTPC down by 1.91%, Maruti Suzuki down by 1.60%, Power Grid down by 1.15%, Titan down by 0.78% and Bharat Electronics down by 0.76% were the top losers.

Meanwhile, a government think tank NITI Aayog in the eighth edition of its Trade Watch Quarterly report has said that India’s pharmaceutical supply chain continues to rely heavily on China, with around 65 per cent of critical Active Pharmaceutical Ingredients (APIs) and key starting materials being imported from China. It noted that that stricter environmental compliance norms have led to a significant increase in manufacturing and research costs for domestic pharmaceutical companies.

The report also pointed out that a weak innovation and commercialisation ecosystem have created uncertainty for innovators and long-term investments. To strengthen the sector’s global competitiveness, it recommended greater diversification into high-value pharmaceutical segments. It further emphasized the need for improved regulatory transparency and stronger industry-academia collaboration within life-sciences clusters to accelerate patent commercialisation, foster research collaboration, and support startup incubation. 

The report further stated that India remains a leading supplier of affordable generic medicines worldwide, catering to nearly 50 per cent of Africa’s, 40 per cent of the United States’, and 25 per cent of the United Kingdom’s generic drug requirements. Globally, demand for pharmaceuticals reached $1.02 trillion in 2025, while the API market stood at $261 billion, taking the total drugs and pharmaceuticals market to nearly $1.3 trillion. Meanwhile, the report reveals that India’s overall trade expanded by 5.4% year-on-year to $1.84 trillion in the fourth quarter of FY26, underlining the resilience of the Indian economy despite a challenging global trade environment.

The CNX Nifty is currently trading at 23974.95, up by 150.85 points or 0.63% after trading in a range of 23789.25 and 23991.60. There were 28 stocks advancing against 22 stocks declining on the index.

The top gainers on Nifty were ICICI Bank up by 2.59%, Tech Mahindra up by 2.58%, Dr. Reddy's Labs. up by 2.30%, Interglobe Aviation up by 2.26% and Trent up by 2.17%. On the flip side, Bajaj Auto down by 2.50%, NTPC down by 1.81%, Tata MotorsPassenger down by 1.75%, HDFC Life Insurance down by 1.56% and Maruti Suzuki down by 1.55% were the top losers.

Asian markets were trading mixed; Shanghai Composite strengthened 5.73 points or 0.14% to 4,111.98, KOSPI increased 304.22 points or 3.71% to 8,508.06, Hang Seng advanced 151.72 points or 0.65% to 23,488.00 and Straits Times rose 8.35 points or 0.16% to 5,214.09. however, Nikkei 225 slipped 203.38 points or 0.29% to 69,585.00, Taiwan Weighted lost 781.53 points or 1.66% to 46,319.12 and Jakarta Composite plunged 99.13 points or 1.65% to 6,002.20.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.