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Post Session: Quick Review
Jul-09-2026

Indian equity benchmarks ended higher on Thursday, recovering from the sharp losses recorded in the previous session, supported by sustained buying interest from foreign investors. Markets made a positive start and remained firmly in the green for most part of the session amid broad-based buying across sectors. Meanwhile, investors turned cautious in the dying hours of the trade ahead of Tata Consultancy Services' April-June quarter result.

Some of the important factors in trade:

Continued FIIs inflows: Sentiments remained upbeat as foreign investors remained buyers of Indian equities for a sixth consecutive session on July 08 despite the renewed Middle East conflict. They bought Rs 1,963 crore ⁠worth of shares.  

India, Maldives conclude BIT talks: Traders took support as India and the Maldives have concluded negotiations for a bilateral investment treaty (BIT), and the text is undergoing legal scrubbing before the deal is signed. The two countries are also accelerating negotiations for a proposed free trade agreement (FTA) to further strengthen economic ties.

India emerging as global manufacturing hub: Some support came as the Assocham in its report has highlighted that India is emerging as a major beneficiary and is rapidly strengthening its position as one of the world's leading manufacturing destinations.

On the global front: European markets were trading mostly in green, amid renewed optimism over artificial intelligence. Asian markets closed mostly in green as investors digested Chinese inflation data. 

The BSE Sensex ended at 76741.82, up by 238.22 points or 0.31% after trading in a range of 76576.14 and 77326.65. There were 19 stocks advancing against 10 stocks declining on the index, while one stock remained unchanged. (Provisional)

The top gaining sectoral indices on the BSE were Realty up by 3.70%, Telecom up by 1.67%, Healthcare up by 1.20%, Consumer Durables up by 0.94% and Industrials up by 0.94%, while Utilities down by 0.32%, IT down by 0.25%, and Auto down by 0.09% were the few losing indices on BSE. (Provisional)

The top gainers on the Sensex were Sun Pharma up by 2.65%, Bajaj Finserv up by 2.39%, Bharti Airtel up by 2.24%, Eternal up by 2.11% and Interglobe Aviation up by 2.09%. On the flip side, Maruti Suzuki India down by 1.65%, Infosys down by 1.18%, NTPC down by 1.08%, Titan Company down by 0.73% and Bajaj Finance down by 0.69% were the top losers. (Provisional)

Meanwhile, the Asian Development Bank (ADB), in its July Asian Development Outlook (ADO), has lowered India’s economic growth forecast for the fiscal year ending March 2027 (FY27) to 6.6 per cent from 6.9 per cent projected in April. It noted that elevated oil and transportation costs are weighing on consumer sentiment and private demand, while higher energy prices have squeezed real incomes. However, it stated that growth will continue to be supported by policy measures aimed at attracting foreign capital, fuel tax cuts, targeted credit support, robust services exports, and sustained public capital expenditure.

The ADB retained its FY28 growth forecast at 7.3 per cent, citing improved global conditions and enhanced export competitiveness stemming from trade agreements with various partners. However, it cautioned that risks remain tilted to the downside due to heightened geopolitical tensions and the possibility of weather-related disruptions to agricultural output.

On the inflation front, it revised India's FY27 inflation forecast upward to 5.2 per cent from 4.5 per cent projected in April, driven by higher oil prices and a weaker rupee. Food inflation is also expected to remain elevated due to heatwaves and the fading impact of favourable base effects. However, it maintained the FY28 inflation forecast at 4.0 per cent, anticipating a moderation in fuel and food prices, supported by favourable base effects. It further noted that India, the world's largest rice exporter, is likely to see rice production decline by about 5 per cent from the record harvest achieved in 2025.

The CNX Nifty ended at 23962.80, up by 80.75 points or 0.34% after trading in a range of 23925.70 and 24134.70. There were 33 stocks advancing against 17 stocks declining on the index. (Provisional)

The top gainers on Nifty were Sun Pharma up by 2.78%, Bharti Airtel up by 2.49%, Bajaj Finserv up by 2.38%, Eternal up by 2.16% and Interglobe Aviation up by 2.06%. On the flip side, Dr. Reddy's Labs. down by 5.77%, Maruti Suzuki India down by 1.73%, ONGC down by 1.42%, Infosys down by 1.31% and NTPC down by 1.23% were the top losers. (Provisional)

European markets were trading mostly in green; France’s CAC rose 17.74 points or 0.21% to 8,270.40 and Germany’s DAX gained 60.95 points or 0.24% to 24,958.40, while UK’s FTSE 100 decreased 70.82 points or 0.68% to 10,418.22.

Asian markets ended mostly higher on Thursday after Brent crude prices fell below $78 a barrel, following US President Donald Trump's statement that he expects the military flare-up to end very quickly and that the United States is not looking for a long-term war. Japanese shares climbed on the back of a robust rally in AI-related tech stocks, which tracked overnight gains in the US technology sector. South Korean chipmaker SK Hynix’s US listing was more than seven times oversubscribed, highlighting strong demand for artificial intelligence infrastructure. Chinese shares gained after the release of mixed inflation data reinforced hopes for additional policy support from Beijing. Data showed China's annual inflation rate eased to 1% year-on-year in June from 1.2% in May, while producer prices accelerated to 4.1%. Although some gains were limited as the latest FOMC Minutes showed that the Federal Reserve officials are still more concerned about inflation persistence than about slowing growth.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,036.59

65.71

1.65

Hang Seng

24,030.18

-169.28

-0.70

Jakarta Composite

5,912.44

39.07

0.66

KLSE Composite

1,677.64

-5.97

-0.35

Nikkei 225

67,743.85

924.80

1.38

Straits Times

5,433.88

64.31

1.20

KOSPI Composite

7,291.91

45.12

0.62

Taiwan Weighted

45,354.61

-379.80

-0.83
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