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Indices remain in green in late morning deals
May-06-2026

Domestic equity indices remained in green and were trading higher by around quarter percent in late morning deals on account of buying in Interglobe Aviation, Trent, Mahindra & Mahindra, Bajaj Finance and Asian Paints companies’ stocks. Appreciation in Indian rupee and falling crude oil prices supported sentiments. The rupee appreciated by 23 paise to 94.95 against the U.S. dollar as Brent crude prices retreated from their elevated level after U.S. President Donald Trump hinted at a possible deal with Iran.  However, gains remained capped as CII President Rajiv Memani said that a prolonged West Asia conflict characterized by significant shipping disruptions and elevated energy prices poses a serious threat to India's economic growth momentum and may pull down the country's GDP growth to less than 6.5 per cent.

On the global front, Asian markets were trading higher after China's service sector registered faster growth in April, driven by stronger increases in new business despite declining foreign orders. The headline RatingDog China services Purchasing Managers' Index rose to 52.6 in April from 52.1 in the previous month. Back home, on the BSE sectoral front, Telecom, Realty, Healthcare, Auto and Bankex witnessed the maximum gains in trade, while Power, FMCG, Utilities, Industrials and Energy remained the top losers.

The BSE Sensex is currently trading at 77192.69, up by 174.90 points or 0.23% after trading in a range of 77153.94 and 77675.01. There were 21 stocks advancing against 9 stocks declining on the index.

The top gaining sectoral indices on the BSE were Telecom up by 2.29%, Realty up by 1.35%, Healthcare up by 1.13%, Auto up by 1.13% and Bankex up by 1.02%, while Power down by 0.85%, FMCG down by 0.68%, Utilities down by 0.58%, Industrials down by 0.48% and Energy down by 0.12% were the top losing indices on BSE.

The top gainers on the Sensex were Interglobe Aviation up by 3.24%, Trent up by 2.83%, Mahindra & Mahindra up by 2.15%, Bajaj Finance up by 1.71% and Asian Paints up by 1.38%. On the flip side, Larsen & Toubro down by 3.08%, Hindustan Unilever down by 1.57%, Titan down by 1.19%, Power Grid down by 0.97% and Reliance Industries down by 0.96% were the top losers.

Meanwhile, the Finance Ministry has said that Scheduled Commercial Banks (SCBs) in India have registered a significant 15.9 per cent credit growth in fiscal year 2025-26 (FY26), indicating strong economic activity and persistent demand for loans across several sectors. The total outstanding credit stood at Rs 212.9 lakh crore as of March 2026, an increase of Rs 29.2 lakh crore over the previous year.

The Ministry attributed the growth to a low interest rate environment, continued government-led capital expenditure and timely structural reforms that have supported private investment and boosted domestic credit demand. The credit growth in FY26 remained broad-based, led by the services sector, followed by personal loans, agriculture and industry. 

In terms of sector wise, the credit growth in the agriculture and allied sector accelerated to 15.7 per cent in FY26, up from 10.4 per cent a year ago, supported by sustained rural demand and improved credit flow. In the industrial sector, credit growth expanded to 15 per cent in FY26 from 8.2 per cent a year ago, driven by strong momentum in MSME lending. Besides, services sector credit, that contributes 28 per cent to the overall credit, recorded the highest growth at 19 per cent in FY26 as compared to 12 per cent in the previous year, driven by demand from non-banking financial companies, trade and commercial real estate segments. The personal loan segment, with a 33 per cent share in overall credit, also witnessed steady growth of 16.2 per cent in FY26 as compared to 11.7 per cent in FY25.

The CNX Nifty is currently trading at 24095.80, up by 63.00 points or 0.26% after trading in a range of 24091.15 and 24250.85. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Interglobe Aviation up by 3.26%, Trent up by 2.65%, Mahindra & Mahindra up by 1.88%, Shriram Finance up by 1.72% and Bajaj Finance up by 1.58%. On the flip side, Larsen & Toubro down by 3.09%, Hindustan Unilever down by 1.54%, Titan down by 1.31%, ONGC down by 1.21% and Power Grid down by 0.94% were the top losers.

All Asian markets were trading higher; Taiwan Weighted added 410.43 points or 1% to 41,179.72, Jakarta Composite gained 45.61 points or 0.64% to 7,102.72, Shanghai Composite strengthened 49.2 points or 1.2% to 4,161.36, KOSPI increased 453.89 points or 6.14% to 7,390.88, Hang Seng advanced 253.39 points or 0.98% to 26,152.00 and Straits Times rose 8.72 points or 0.18% to 4,929.33.
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