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Indices continue to witness gains in late morning deals
Jul-16-2026

Indian equity markets remained in the green, trading over a quarter percent higher in late morning deals, as investors accumulated shares of HCL Technologies, Tech Mahindra, Mahindra & Mahindra, Bajaj Finance, and Infosys. Sentiments got boost as India and the European Union reaffirmed their commitment to strengthen strategic cooperation in trade, technology and security at the third meeting of the India-EU Trade and Technology Council (TTC), with both sides agreeing to deepen collaboration in artificial intelligence, semiconductors, quantum technologies, clean energy and resilient supply chains. On the BSE sectoral front, Consumer Durables, IT, TECK, Utilities, and Power traded with gains, while Bankex and Realty were the only under pressure.

On the global front, Asian markets were trading mostly in red after a new wave of U.S. strikes on Iranian military installations fueled fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz. Beck home, in the stock specific development, Siyaram Recycling Industries surged as the company secured an order worth Rs 97.94 lakh from Metal Scrap India.

The BSE Sensex is currently trading at 77454.23, up by 268.80 points or 0.35% after trading in a range of 77276.52 and 77579.69. There were 23 stocks advancing against 7 stocks declining on the index.

The top gaining sectoral indices on the BSE were Consumer Durables up by 1.20%, IT up by 1.19%, TECK up by 0.97%, Utilities up by 0.91% and Power up by 0.80%, while Bankex down by 0.12% and Realty down by 0.07% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 2.77%, Tech Mahindra up by 2.24%, Mahindra & Mahindra up by 1.74%, Bajaj Finance up by 1.49% and Infosys up by 1.25%. On the flip side, Eternal down by 0.76%, Axis Bank down by 0.41%, Bajaj Finserv down by 0.27%, Larsen & Toubro down by 0.21% and ICICI Bank down by 0.16% were the top losers.

Meanwhile, Commerce Secretary Rajesh Agrawal has said that India has exported goods worth $140 million to the United Kingdom (UK) at zero duty under the comprehensive economic and trade agreement (CETA), which came into effect on July 15, 2026. Describing CETA as one of the 'most aspirational' trade agreements by India to date, he said the pact was finalised after 14 formal rounds of negotiations involving more than 800 technical sessions, reflecting the strong commitment of both countries. 

Agrawal termed the agreement a win-win partnership between two major and complementary economies that will significantly strengthen bilateral economic ties. He said under the CETA, nearly 99 per cent of Indian exports receive duty-free access to the UK market. He noted that key beneficiary sectors include leather, footwear, textiles, mechanical and electrical machinery, plastics, base metals, marine products, and gems and jewellery, which previously faced UK import duties ranging between 2 per cent and 16 per cent.  

Emphasising the importance of implementation, he stated that the real success of the agreement would be measured by its impact on the lives of people in both countries through the creation of jobs, livelihoods and economic opportunities. He called upon industry stakeholders to convert the opportunities created by the agreement into tangible outcomes and assured that the Department of Commerce would work closely with Export Promotion Councils and industry clusters across the country to communicate the benefits of the Agreement at the sectoral, product and cluster levels.

Commerce Secretary further stated that while the agreement creates substantial market access opportunities in goods trade, it also provides significant gains in services trade. Given that services account for more than 50 per cent of India’s GDP and over 70 per cent of the United Kingdom’s GDP, he noted that the commitments and predictability offered through the agreement would provide a strong impetus to bilateral services trade in the years ahead.

The CNX Nifty is currently trading at 24146.35, up by 67.85 points or 0.28% after trading in a range of 24097.05 and 24186.50. There were 31 stocks advancing against 19 stocks declining on the index.

The top gainers on Nifty were HCL Technologies up by 2.62%, Tech Mahindra up by 2.02%, Wipro up by 1.79%, Mahindra & Mahindra up by 1.77% and Adani Ports up by 1.47%. On the flip side, SBI Life Insurance down by 1.78%, Eternal down by 0.88%, HDFC Life Insurance down by 0.59%, Axis Bank down by 0.59% and ONGC down by 0.50% were the top losers.  

Asian markets were trading mostly in red; Nikkei 225 slipped 2045.51 points or 3.07% to 66,706.00, Taiwan Weighted lost 53.08 points or 0.12% to 45,578.51, Shanghai Composite weakened 52.09 points or 1.33% to 3,903.49, KOSPI dropped 460.52 points or 6.75% to 6,823.89 and Straits Times fell 16.08 points or 0.29% to 5,543.64. However, Jakarta Composite gained 22.49 points or 0.37% to 6,064.46 and Hang Seng advanced 454.9 points or 1.81% to 25,136.00.
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