HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Benchmarks trade higher in early deals; IT stocks led gainers
Jun-24-2026

Indian equity benchmarks made a cautious start on Wednesday tracking weak global cues. Soon, markets gained some momentum and were trading higher in early deals amid buying in IT stocks after recent sell-off. Foreign fund inflows and continued fall in crude oil prices, also aided market sentiments. Foreign institutional investors (FIIs) turned net buyers on June 23 after purchasing equities worth Rs 17.86 crore. Besides, crude oil prices remained lower as traders anticipated smooth supply from the crucial waterway, the Strait of Hormuz. Traders remained optimistic over proposed India-US trade agreement. India and the United States have held high-level trade talks aimed at salvaging and recalibrating a proposed bilateral trade agreement after changes in US tariff policy upended a framework negotiated earlier this year.

On the global front, Asian markets were trading mixed as investors looked for signs that technology stocks could regain momentum after a broad sell-off in the United States triggered losses across global markets in the previous session.

The BSE Sensex is currently trading at 76474.21, up by 273.53 points or 0.36% after trading in a range of 76121.59 and 76514.79. There were 16 stocks advancing against 14 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 0.75%, Bankex up by 0.64%, Healthcare up by 0.60%, TECK up by 0.08% and Realty up by 0.04%, while Power down by 1.00%, Metal down by 0.82%, Capital Goods down by 0.79%, Telecom down by 0.53% and Utilities down by 0.41% were the top losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 2.75%, ICICI Bank up by 2.01%, Trent up by 1.44%, Infosys up by 1.04% and Larsen & Toubro up by 0.86%. On the flip side, Maruti Suzuki down by 1.18%, NTPC down by 0.96%, Bharti Airtel down by 0.96%, Tata Steel down by 0.70% and Hindustan Unilever down by 0.50% were the top losers.

Meanwhile, in a significant step toward strengthening bilateral relations, India and the United States have held high-level trade talks aimed at salvaging and recalibrating a proposed bilateral trade agreement after changes in US tariff policy disrupted a framework negotiated earlier this year. US Trade Representative Jamieson Greer is on two-day India visit for talks with Commerce and Industry Minister Piyush Goyal to advance negotiations on the proposed India-US trade agreement. Goyal met Greer as both sides sought to conclude an interim trade pact before July 24, 2026, when Washington’s temporary 10 per cent tariff on imports from trading partners is set to expire.

Greer’s visit comes days after Prime Minister Narendra Modi and US President Donald Trump held their first meeting in over a year on the sidelines of the G7 summit in France on June 17, 2026, adding fresh momentum to trade negotiations that both sides consider critical to strengthening economic ties. The US Embassy in India described the bilateral trade partnership as a win-win for both countries. It added that the US remains focused on securing a fair, reciprocal trade agreement that opens markets for American exporters and delivers benefits to both nations.

The talks between the ministers focused on reworking a framework agreement announced on February 13, 2025, which was built around tariff commitments later rendered uncertain by a US Supreme Court ruling striking down sweeping tariffs imposed under Trump. Meanwhile, the US was India’s second-largest trading partner in 2025-26. India’s exports to the US rose marginally by 0.92 per cent to $87.3 billion during the last fiscal year despite high tariffs, while imports increased 15.95 per cent to $52.9 billion. As a result, India’s trade surplus with the US declined to $34.4 billion in 2025-26 from $40.89 billion in 2024-25.

The CNX Nifty is currently trading at 23867.40, up by 43.30 points or 0.18% after trading in a range of 23789.25 and 23895.30. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were Tech Mahindra up by 2.78%, Dr. Reddy's Labs. up by 2.57%, ICICI Bank up by 1.88%, Infosys up by 1.43% and Trent up by 1.38%. On the flip side, Bajaj Auto down by 2.36%, HDFC Life Insurance down by 1.72%, SBI Life Insurance down by 1.51%, Hindalco down by 1.40% and Maruti Suzuki down by 1.24% were the top losers.

Asian markets were trading mixed; Taiwan Weighted lost 1100.56 points or 2.34% to 46,000.09, Nikkei 225 slipped 833.38 points or 1.19% to 68,955.00, Jakarta Composite plunged 91.11 points or 1.49% to 6,010.22 and Shanghai Composite weakened 10.11 points or 0.25% to 4,096.14. On the other hand, Hang Seng rose 38.72 points or 0.17% to 23,375.00, KOSPI increased 13.97 points or 0.17% to 8,217.81 and Straits Times was up by 7.75 points or 0.15% to 5,213.49.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.