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EQUITY
Post Session: Quick Review
Jul-29-2026

Indian equity markets witnessed gaining rally on Wednesday, lifting both Sensex and Nifty over a percent higher, with TECK and IT heavyweights among the lead gainers. After a strong start, markets remained under bulls’ grip for the whole day, even as crude oil prices traded higher and global cues remained weak amid reports of fresh escalation in the Middle East.

Some of the important factors in trade:

India’s industrial growth jumps to 7.3% in June with sharp expansion in manufacturing: Traders got encouragement after the Ministry of Statistics and Programme Implementation showed that Index of Industrial Production (IIP) jumped to 7.3 percent for the month of June 2026 (Base 2022-23=100) from a revised growth of 5.0 percent in May 2026, supported by sharp expansion in manufacturing and strong growth in electricity and gas supply.

India’s macroeconomic fundamentals remain strong despite global headwinds: Sentiments were upbeat as, Union Minister Pankaj Chaudhary said the Indian economy remains resilient with real GDP expanding at over 7 per cent annually over the past three years, supported by robust domestic demand, healthy corporate balance sheets, and sustained fiscal discipline despite global headwinds.

India's PSBs witness significant improvement in financial health: Adding more relief among traders, Ministry of Finance in its latest report has said that Indian Public Sector Banks (PSBs) have witnessed a significant improvement in their financial health, with healthy balance sheets, historically high profits and multi-decadal low level of gross non-performing assets (GNPAs).

Weak global cues: European markets were trading mostly in red, while Asian markets ended mostly lower, as joint strikes in Iraq by the United States and Saudi Arabia raised concerns about a prolonged war in the Middle East. Caution ahead of big tech earnings and the Federal Reserve's interest-rate decision later in the day also kept investors on edge.

The BSE Sensex ended at 77654.60, up by 888.68 points or 1.16% after trading in a range of 77333.24 and 77765.49. There were 25 stocks advancing against 5 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were TECK up by 2.47%, IT up by 2.40%, Metal up by 2.26%, Telecom up by 1.70% and FMCG up by 1.50%, while Realty down by 0.31%, Oil & Gas down by 0.17%, Power down by 0.17% and Auto down by 0.10% were the few losing indices on BSE. (Provisional)

The top gainers on the Sensex were Hindustan Unilever up by 4.59%, Infosys up by 4.18%, Trent up by 2.74%, Tata Steel up by 2.55% and Larsen & Toubro up by 2.51%. On the flip side, Adani Ports & SEZ down by 3.10%, Mahindra & Mahindra down by 1.36%, Power Grid down by 0.61%, Bharat Electronics down by 0.31% and NTPC down by 0.07% were the top losers. (Provisional)

Meanwhile, the government's monthly report for June 2026 has revealed that Infrastructure projects valued at more than Rs 150 crore each recorded a combined cost overrun of nearly Rs 4,92,752 crore. A total of 1,847 ongoing infrastructure projects across 17 Central Ministries/ Departments were monitored and it was found that the total revised cost was Rs 40,54,473 crore compared to their original cost of Rs 35,61,721 crore.

However, the report did not specify the actual number of projects that faced cost overrun. The cumulative expenditure incurred on these projects stands at Rs 21.97 lakh crore, accounting for approximately 54.18 per cent of the revised project cost, indicating steady progress in project implementation.

A substantial proportion of projects are at advanced stages, with 709 projects (39 per cent) achieving over 80 per cent physical progress, while 337 (19 per cent) have crossed 80 per cent financial completion.

The CNX Nifty ended at 24250.20, up by 264.85 points or 1.10% after trading in a range of 24136.75 and 24283.55. There were 38 stocks advancing against 12 stocks declining on the index. (Provisional)

The top gainers on Nifty were JIO Financial Services up by 5.23%, Hindustan Unilever up by 4.70%, Infosys up by 4.51%, Hindalco Industries up by 2.78% and Larsen & Toubro up by 2.59%. On the flip side, Adani Ports & SEZ down by 3.10%, Mahindra & Mahindra down by 1.51%, Power Grid down by 0.86%, Eicher Motors down by 0.73% and HDFC Life Insurance down by 0.37% were the top losers. (Provisional)

European markets were trading mostly in red; France’s CAC fell 52.58 points or 0.62% to 8,406.20 and Germany’s DAX lost 56.51 points or 0.22% to 25,407.50, while UK’s FTSE 100 increased 15.37 points or 0.14% to 10,886.39.

Asian markets ended mixed on Wednesday ahead of the Federal Reserve's interest-rate decision later in the day, while concerns over artificial intelligence (AI) valuations and a prolonged war in the Middle East also kept investors on edge. The US Central Command reported that multiple ballistic missiles launched by Iran at US forces in the Middle East were successfully intercepted, which reignited regional tensions and drove oil prices higher. Japanese shares fell ahead of major US big tech earnings and an upcoming Bank of Japan policy rate decision. South Horea’s Kospi index slumped as heavyweight chipmaker SK Hynix’s earnings failed to impress the market. Meanwhile, Chinese shares gained as a rebound in technology shares helped benchmarks recover from recent losses.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,828.47

15.15

0.40

Hang Seng

25,807.92

497.07

1.96

Jakarta Composite

6,091.39

-39.20

-0.64

KLSE Composite

1,715.56

3.08

0.18

Nikkei 225

61,434.19

-930.73

-1.49

Straits Times

5,713.19

97.08

1.73

KOSPI Composite

5,663.24

-360.42

-5.98

Taiwan Weighted

40,039.18

-1,564.18

-3.76
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