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Key gauges continue to trade in green in morning deals
Jul-02-2026

Indian equity benchmarks continued to trade in green in morning deals, led by gains in IT, TECK and Metal stocks. Traders took support with Crisil Ratings’ report stated that microfinance institutions' (MFIs) assets under management growth is set to accelerate to 20 per cent in FY27 after a tepid 4 per cent increase in the past fiscal. Meanwhile, with an aim to deepen the India-France strategic partnership, strengthen economic cooperation, and promote investment, Finance Minister Nirmala Sitharaman is on a four-day official visit to France, where she will participate in a series of high-level engagements. Sector-wise, power stocks remained in watch as data showed India's power consumption grew by 11.62 per cent to 166.46 billion units (BU) in June compared to the same month last year due to heat wave conditions and late onset of monsoon across the country, which pushed usage of cooling appliances like air conditioners. On the global front, Asian markets are trading mixed tracking losses on Wall Street in the previous session as a renewed selloff in global technology shares dampened investor sentiment. 

The BSE Sensex is currently trading at 77250.54, up by 327.90 points or 0.43% after trading in a range of 77063.95 and 77449.25. There were 20 stocks advancing against 10 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 3.66%, TECK up by 1.80%, Metal up by 1.22%, Basic Materials up by 1.01% and Realty up by 0.69%, while Telecom down by 1.01%, Capital Goods down by 0.46%, Power down by 0.34% and Industrials down by 0.22% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 5.03%, HCL Technologies up by 3.66%, TCS up by 3.24%, Tech Mahindra up by 2.59% and Bajaj Finserv up by 2.52%. On the flip side, Larsen & Toubro down by 1.21%, Bharti Airtel down by 0.91%, ITC down by 0.62%, Bharat Electronics down by 0.43% and Reliance Industries down by 0.37% were the top losers.

Meanwhile, India Ratings and Research (Ind-Ra) in its latest report has said that the profitability of Indian cement manufacturers is expected to face pressure in the first quarter of current financial year (Q1FY27) due to a sharp increase in fuel, freight and other input costs, besides product price hikes by industry players. The report stated that operating costs and key raw materials, including pet coke, coal, diesel and packing materials, increased during the quarter, adversely impacting the sector's margins.

However, it said with the softening in the prices of crude and pet coke in the past month, the industry could see some respite in production cost over the next couple of quarters. Besides, it stated that cement demand is expected to grow at a mid-single-digit rate year-on-year in Q1 of FY27, after growing 8 per cent in FY26. Listed cement companies reported around 6 per cent year-on-year volume growth in the January-March quarter of FY26. 

It noted that cement demand began FY27 on a strong footing, with production volumes increasing 9 per cent year-on-year in April, up from 6 per cent growth recorded in April 2025. However, demand growth may have moderated during May and June due to adverse weather conditions, including heatwaves and rains in various parts of the country, along with higher inflationary pressures.

The CNX Nifty is currently trading at 24108.75, up by 102.90 points or 0.43% after trading in a range of 24058.80 and 24159.45. There were 33 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were Infosys up by 5.08%, HCL Technologies up by 3.76%, TCS up by 3.27%, Tech Mahindra up by 2.60% and Bajaj Finserv up by 2.52%. On the flip side, Larsen & Toubro down by 1.19%, Max Healthcare down by 1.19%, Bajaj Auto down by 0.96%, Bharti Airtel down by 0.89% and SBI Life Insurance down by 0.61% were the top losers.

Asian markets are trading mixed; Nikkei 225 slipped 1004.96 points or 1.43% to 69,470.00, Taiwan Weighted lost 351.27 points or 0.75% to 46,667.72, Shanghai Composite weakened 52.13 points or 1.27% to 4,060.32 and KOSPI dropped 422.12 points or 5.08% to 7,881.29.

On the flip side, Hang Seng advanced 134.98 points or 0.59% to 23,016.00, Straits Times rose 24.65 points or 0.48% to 5,186.15 and Jakarta Composite gained 97.05 points or 1.7% to 5,792.17. 
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