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Post Session: Quick Review
May-06-2026

Indian equity benchmarks ended sharply higher on Wednesday, tracking positive global cues and strong buying interest in banking, auto, and pharma stocks. After making a positive start, indices pared most of their gains during the afternoon session after 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. However, renewed buying in the final hours of trade lifted markets near day’s high points amid optimism surrounding a potential US-Iran peace deal.

Some of the important factors in trade:

India Services PMI rises to 58.8 in April: Traders found support after the seasonally adjusted HSBC India Services PMI Business Activity Index surged to 58.8 in April from 57.5 in March.

India has been the most resilient large emerging market economy since 2020: Traders took some support after Moody's Ratings stated that India has been the most resilient large emerging market economy since 2020, and its sizeable forex reserves have helped check currency volatility and reinforce confidence during global shocks.

India, Jamaica agree to boost trade, skilled mobility: Sentiments remained upbeat as External Affairs Minister S Jaishankar has said that India and Jamaica have agreed to strengthen trade linkages and explore cooperation for recruitment and mobility of skilled professionals, including healthcare workers and teachers. 

On the global front: European markets were trading in green, while all Asian markets closing higher amid hopes of a U.S.-Iran peace deal following U.S. President Donald Trump's announcement of a temporary suspension of 'Project Freedom' in order to resume negotiations with Iran.

The BSE Sensex ended at 77958.52, up by 940.73 points or 1.22% after trading in a range of 76773.25 and 78022.78. There were 21 stocks advancing against 9 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Telecom up by 2.94%, Realty up by 2.76%, Bankex up by 2.64%, Auto up by 2.32%, and Healthcare up by 1.99%, while Power down by 0.47%, Utilities down by 0.19%, FMCG down by 0.14% and Energy down by 0.11% were the few losing indices on BSE. (Provisional)

The top gainers on the Sensex were Interglobe Aviation up by 6.72%, Trent up by 4.09%, SBI up by 3.75%, Asian Paints up by 3.56% and Axis Bank up by 3.20%. On the flip side, Reliance Industries down by 1.80%, Power Grid Corp down by 1.41%, Larsen & Toubro down by 1.09%, NTPC down by 0.94% and HCL Technologies down by 0.78% were the top losers. (Provisional)

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 ended at 24330.95, up by 298.15 points or 1.24% after trading in a range of 23997.90 and 24356.50. There were 35 stocks advancing against 15 stocks declining on the index. (Provisional)

The top gainers on Nifty were Interglobe Aviation up by 6.65%, Tata Motors Passenger up by 5.29%, Shriram Finance up by 4.12%, Trent up by 3.73% and Asian Paints up by 3.66%. On the flip side, ONGC down by 3.16%, Reliance Industries down by 1.76%, Larsen & Toubro down by 1.13%, Power Grid down by 1.10% and NTPC down by 0.95% were the top losers. (Provisional)

European markets were trading higher; France’s CAC rose 207.89 points or 2.58% to 8,270.20, Germany’s DAX gained 594 points or 2.43% to 24,995.70 and UK’s FTSE 100 increased 217.47 points or 2.13% to 10,436.58.

Asian markets ended higher on Wednesday tracking overnight gains from Wall Street, where the S&P 500 and Nasdaq reached record highs, supported by solid earnings reports and lower oil prices. Investors' sentiments also boosted after US President Donald Trump announced that Washington would temporarily pause ‘Project Freedom’, its naval mission escorting ships through the Strait of Hormuz, citing ‘great progress’ in talks with Tehran. South Korea’s Kospi soared to a record high, breaking the 7,000 milestone for the first time in history after markets reopened following Tuesday’s holiday. The rally was led by Samsung Electronics, whose shares jumped above 14%, pushing the chip giant’s market capitalization past the $1 trillion mark as investors continued to pile into artificial intelligence-linked stocks. The Japanese stock market was closed for Constitution Day holiday. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,160.17

48.02

1.17

Hang Seng

26,213.78

315.17

1.22

Jakarta Composite

7,092.47

35.36

0.50

KLSE Composite

1,756.87

9.44

0.54

Nikkei 225

--

--

--

Straits Times

4,927.38

6.77

0.14

KOSPI Composite

7,384.56

447.57

6.45

Taiwan Weighted

41,138.85

369.56

0.91
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