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Indian markets maintain upward momentum
Jul-29-2026

Indian equity benchmarks maintained their upward momentum in morning deals, led by IT, TECK and Metal stocks and fresh foreign fund inflows. Foreign Institutional Investors (FIIs) turned buyers on Tuesday. They bought equities worth Rs 755.33 crore in the previous trade, according to exchange data. Sentiments were upbeat as Union Minister Pankaj Chaudhary said that 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. Some support also came as a report stated that the government is considering a proposal to ease foreign direct investment (FDI) norms for downstream investments to boost overseas fund inflows and create jobs. The proposal is currently under inter-ministerial discussions. On the global front, Asian markets were trading mostly in red as oil prices spiked after Iran attacked American forces, while a sell-off in index heavyweights sent South Korea’s benchmark Kospi tumbling. 

The BSE Sensex is currently trading at 77618.71, up by 852.79 points or 1.11% after trading in a range of 77333.24 and 77641.66. There were 21 stocks advancing against 9 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 2.72%, TECK up by 2.50%, Metal up by 1.94%, FMCG up by 1.53% and Basic Materials up by 1.27%, while Capital Goods down by 0.89%, Realty down by 0.69%, Power down by 0.69%, Oil & Gas down by 0.21% and Energy down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 4.27%, Hindustan Unilever up by 3.63%, Larsen & Toubro up by 2.98%, Bharti Airtel up by 2.81% and Tata Steel up by 2.63%. On the flip side, Bharat Electronics down by 1.61%, Interglobe Aviation down by 0.68%, Adani Ports &Special down by 0.67%, Axis Bank down by 0.51% and Power Grid down by 0.37% were the top losers.

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 is currently trading at 24231.15, up by 245.80 points or 1.02% after trading in a range of 24136.75 and 24238.45. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were Infosys up by 4.24%, Hindustan Unilever up by 3.65%, Larsen & Toubro up by 2.97%, Tata Steel up by 2.68% and Bharti Airtel up by 2.36%. On the flip side, Bharat Electronics down by 1.61%, Adani Ports &SEZ down by 0.68%, Interglobe Aviation down by 0.63%, Power Grid down by 0.51% and Shriram Finance down by 0.49% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 1179.92 points or 1.89% to 61,185.00, Taiwan Weighted lost 1790.03 points or 4.3% to 39,813.33, Jakarta Composite plunged 37 points or 0.6% to 6,093.59 and KOSPI dropped 422.68 points or 7.02% to 5,600.98.

On the flip side, Hang Seng advanced 311.15 points or 1.23% to 25,622.00, Straits Times rose 29.12 points or 0.52% to 5,645.23 and Shanghai Composite strengthened 12.66 points or 0.33% to 3,825.97. 
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