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Indian markets off day’s highs in early noon deals
Jul-07-2026

Trimming their gains, Indian equity benchmarks came off from their intraday high points in early afternoon deals, but held their heads above neutral lines. Heavy selling at Realty and Capital Goods counters along with weak cues from other Asian markets trimmed gains in markets. Traders also got cautious as the rating agency, S&P Global Ratings in its latest report has said that a weak monsoon in India may lead to higher inflation, weaken rural demand and strain fiscal balances.

On the global front, Asian markets were trading mostly in red, despite Singapore's retail sales expanded for the fourth straight month in May. The data from the Department of Statistics showed that retail sales climbed 3.0 percent year-on-year in May, though slower than the 5.4 percent rise in April.

The BSE Sensex is currently trading at 78443.41, up by 158.34 points or 0.20% after trading in a range of 78248.31 and 78664.92. There were 19 stocks advancing against 11 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 2.24%, TECK up by 1.64%, Consumer Durables up by 0.49% and Bankex up by 0.05%, while Realty down by 1.61%, Capital Goods down by 1.57%, Industrials down by 1.42%, Power down by 0.94% and Metal down by 0.85% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 3.49%, HCL Technologies up by 2.95%, Tech Mahindra up by 2.72%, Titan Company up by 2.39% and TCS up by 1.95%. On the flip side, Trent down by 11.88%, Larsen & Toubro down by 1.32%, Bharat Electronics down by 1.22%, Asian Paints down by 0.57% and Interglobe Aviation down by 0.56% were the top losers.

Meanwhile, Union Minister of Road Transport & Highways Nitin Gadkari, during a review meeting of the National Highways Logistics Management (NHLML), has assessed the project-level progress of Multi Modal Logistics Parks (MMLPs), Ropeways, Intermodal Stations, and Way Side Amenities being developed across the country.

During the review meeting, the minister highlighted the critical role of these initiatives in developing an integrated and future-ready transport ecosystem. He said the projects are expected to improve multimodal connectivity, unlock new economic opportunities, promote balanced regional development, and enhance India's overall logistics competitiveness. He also assessed the major challenges affecting project implementation and directed all concerned stakeholders to address bottlenecks on priority to ensure faster execution.

He stated that the timely completion of these projects would boost logistics efficiency, lower transportation costs, and provide world-class infrastructure and commuter facilities, contributing to the vision of a Viksit Bharat and an Aatmanirbhar Bharat.

The CNX Nifty is currently trading at 24472.40, up by 42.05 points or 0.17% after trading in a range of 24423.50 and 24530.90. There were 28 stocks advancing against 22 stocks declining on the index.

The top gainers on Nifty were Infosys up by 3.60%, HCL Technologies up by 3.04%, Tech Mahindra up by 2.64%, SBI Life Insurance up by 2.58% and Titan Company up by 2.57%. On the flip side, Trent down by 11.97%, Coal India down by 1.60%, Hindalco Industries down by 1.54%, Adani Enterprises down by 1.52% and Larsen & Toubro down by 1.32% were the top losers.

Asian markets were trading mostly in red; KOSPI dropped 395.02 points or 5.16% to 7,656.31, Taiwan Weighted lost 1077.28 points or 2.37% to 45,479.11, Nikkei 225 slipped 1107.69 points or 1.61% to 68,630.00, Shanghai Composite weakened 51 points or 1.28% to 3,990.24 and Hang Seng declined 241.32 points or 1.02% to 23,375.00, while Straits Times rose 59.58 points or 1.13% to 5,319.39 and Jakarta Composite gained 36.19 points or 0.61% to 5,952.26.
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