HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Benchmarks trade firm after optimistic start amid drop in crude oil prices
Jun-25-2026

Indian equity benchmarks made an optimistic start on Thursday and were trading firm with gains of over half a percent each in early deals tracking broadly positive cues from Asian peers coupled with continued fall in crude oil prices. Investors were optimistic amid stabilising geopolitical scenario and easing crude oil supply concerns with tankers exiting the Strait of Hormuz. The gains in markets were also supported by Broad-based buying across banking and auto stocks. On the sectoral front, NBFCs were in focus following the RBI's decision to classify all NBFCs with assets of Rs 1 lakh crore and above as NBFC-Upper Layer (NBFC-UL). 

On the global front, Asian markets were trading mostly higher as investor sentiments got a boost after strong earnings and forecasts from global semiconductor companies reinforced optimism around artificial intelligence spending. As per a report, Micron Technology said customers had committed $22 billion for its memory chips, while Qualcomm projected $15 billion in annual data centre revenue by 2029.

The BSE Sensex is currently trading at 77452.19, up by 460.97 points or 0.60% after trading in a range of 77280.49 and 77481.14. There were 21 stocks advancing against 8 stocks declining, while 1 stock remained unchanged on the index.

The top gaining sectoral indices on the BSE were Auto up by 2.09%, Realty up by 1.44%, Consumer Discretionary up by 0.99%, Telecom up by 0.76% and Bankex up by 0.60%, while Metal down by 0.48%, Consumer Durables down by 0.16%, TECK down by 0.03% and IT down by 0.03% were the few losing indices on BSE.

The top gainers on the Sensex were Interglobe Aviation up by 3.22%, Maruti Suzuki India up by 2.98%, Mahindra & Mahindra up by 2.56%, State Bank of India up by 1.82% and Ultratech Cement up by 1.50%. On the flip side, Power Grid down by 1.38%, Titan Company down by 1.05%, Infosys down by 0.75%, Bharat Electronics down by 0.45% and Bharti Airtel down by 0.33% were the top losers.

Meanwhile, with an aim to deepen economic ties and strengthen bilateral trade, India and the United States (US) reviewed the progress on an interim bilateral trade agreement during the two-day ministerial meeting. The Commerce Ministry said the two ministers conducted a ‘comprehensive review’ of key elements of the proposed pact, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers and cooperation in strategic sectors. It added that both countries discussed pathways to conclude an interim agreement and reaffirmed their commitment to a deal that is “balanced and commercially meaningful”. But there was no indication that all differences were resolved ahead of a key tariff deadline next month.

Commerce and Industry Minister Piyush Goyal and visiting US Trade Representative Jamieson Greer held discussions on the first phase of a proposed bilateral trade agreement (BTA), which both sides have been negotiating since reaching a framework understanding earlier this year. Greer’s June 22-24 visit came at a time when New Delhi and Washington race to finalise an interim arrangement before the expiration of a temporary 10 per cent US tariff regime on July 24, a deadline that has added urgency to negotiations.

In February, 2026, the two sides announced the contours of the first phase. It was based on the 50 per cent tariffs imposed by the US on Indian goods. Meanwhile, the US was India’s second-largest trading partner in 2025-26. India’s exports to the US rose marginally by 0.92 per cent to $87.3 billion during the last fiscal year despite high tariffs, while imports increased 15.95 per cent to $52.9 billion. As a result, India’s trade surplus with the US declined to $34.4 billion in 2025-26 from $40.89 billion in 2024-25.

The CNX Nifty is currently trading at 24165.45, up by 143.80 points or 0.60% after trading in a range of 24107.80 and 24169.70. There were 34 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were Interglobe Aviation up by 3.26%, Maruti Suzuki India up by 3.04%, Mahindra & Mahindra up by 2.50%, Dr. Reddy's Lab up by 2.25% and Eicher Motors up by 1.99%. On the flip side, Coal India down by 1.52%, Hindalco Industries down by 1.49%, Power Grid down by 1.48%, Titan Company down by 1.06% and SBI Life Insurance down by 0.90% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 2810.03 points or 4.06% to 71,985.00, KOSPI jumped 476.91 points or 5.63% to 8,947.93, Taiwan Weighted rose 309.27 points or 0.67% to 46,352.87, Jakarta Composite gained 101.49 points or 1.72% to 5,985.37 and Shanghai Composite added 14.95 points or 0.36% to 4,125.76. On the other hand, Hang Seng declined 294.18 points or 1.27% to 23,118.00 and Straits Times was down by 0.81 points or 0.02% to 5,215.18.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.