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Markets hold gains in late afternoon trade
Jul-09-2026

Indian equity markets maintained their gains during late afternoon trade, with realty stocks leading the advances, followed by telecom, consumer durables, and healthcare shares. Market participants opted to pick stock at lower levels following previous session's sell-off, which was triggered by US President Donald Trump's comments indicating that the US-Iran peace deal was ‘over’. Besides, investors turned optimistic over reports that hostilities between US and Iran might not escalate after Trump said he expects the military flare-up will end quickly and that the US is not seeking a long-term war. Additionally, persistent buying by foreign institutional investors (FIIs) supported market sentiment. FIIs were net buyers on Wednesday, purchasing securities worth Rs 1,962.80 crore.

On the global front, Asian equity markets were trading mostly in green as investors digested Chinese inflation data and kept close eye on developments in Middle East. European equity markets were trading mostly in green after Germany's exports grew unexpectedly in May largely driven by the surge in shipments to the US.

The BSE Sensex is currently trading at 77123.37, up by 619.77 points or 0.81% after trading in a range of 76576.14 and 77326.65. There were 25 stocks advancing against 5 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 3.49%, Telecom up by 1.70%, Consumer Durables up by 1.48%, Healthcare up by 1.33% and FMCG up by 1.30%, while there were no losers on BSE sectoral index.

The top gainers on the Sensex were Bajaj Finserv up by 2.95%, Sun Pharmaceutical Industries up by 2.80%, Interglobe Aviation up by 2.23%, Bharti Airtel up by 2.21% and Eternal up by 2.18%. On the flip side, Maruti Suzuki India down by 1.01%, Infosys down by 1.00%, NTPC down by 0.87%, Axis Bank down by 0.58% and TCS down by 0.09% were the top losers.

Meanwhile, rating agency ICRA in its latest report has said that power transmission projects continue to grapple with execution challenges due to delays in land acquisition, right of way (RoW)- related issues, and regulatory approvals. Further, it said these bottlenecks translate into grid curtailment related issues for the renewable energy (RE) developers, thereby impacting their returns.  

Despite these challenges, ICRA expects a significant uptick in capacity addition in the power transmission sector as the country gears up to integrate the upcoming RE capacity in the grid. It estimates capital expenditure in the power transmission sector at Rs 5-6 lakh crore between FY27 and FY32.

The report further noted that outstanding orders and order inflows for key equipment suppliers to the transmission sector in FY26 have also more than doubled compared with FY22. A surge in transmission capex over the coming years is expected to lead to healthy order inflows for these players. However, supply-side constraints stem from limited capacity of equipment manufacturers and skilled manpower, constraining execution timelines, which could cause delays in transmission capacity additions unless these players scale up their capacities. Moreover, such a significant scale-up in capacity addition requires the need to address execution-related challenges, which the sector is facing.

The CNX Nifty is currently trading at 24067.75, up by 185.70 points or 0.78% after trading in a range of 23927.70 and 24134.70. There were 41 stocks advancing against 9 stocks declining on the index.

The top gainers on Nifty were Bajaj Finserv up by 2.97%, Sun Pharmaceutical Industries up by 2.80%, Bharti Airtel up by 2.34%, Interglobe Aviation up by 2.25% and Grasim Industries up by 2.17%. On the flip side, Dr. Reddy's Laboratories down by 6.00%, ONGC down by 1.32%, Maruti Suzuki India down by 1.10%, Infosys down by 0.94% and NTPC down by 0.85% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 1355.95 points or 1.99% to 68,175.00, KOSPI increased 45.12 points or 0.62% to 7,291.91, Straits Times rose 58.93 points or 1.09% to 5,428.50, Shanghai Composite strengthened 65.71 points or 1.63% to 4,036.59 and Jakarta Composite gained 5.83 points or 0.1% to 5,879.20, while Taiwan Weighted lost 379.8 points or 0.84% to 45,354.61 and Hang Seng declined 246.46 points or 1.03% to 23,953.00.

European equity markets were trading mostly in green; Germany’s DAX gained 50.95 points or 0.2% to 24,948.40 and France’s CAC rose 29.14 points or 0.35% to 8,281.80, while UK’s FTSE 100 decreased 56.28 points or 0.54% to 10,432.76.
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