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Indices continue to witness solid gains in late morning deals
Jul-29-2026

Domestic equity indices continued to witness solid gains and were trading over one percent higher in late morning deals as market participants expanded their positions. Strong buying in Infosys, Hindustan Unilever, Tata Steel, Larsen & Toubro, and TCS helped the Sensex and the Nifty to trade above the psychological levels of 77,600 and 24,200, respectively. Sentiments remained upbeat as India’s industrial production surged 7.3% in June 2026, marking its fastest growth in nearly two years. Sentiments were further supported by Indian rupee appreciating 10 paise at 95.72 per dollar. On the BSE sectoral front, traders were seen piling up positions in IT, TECK, Metal, FMCG, and Basic Materials, while selling pressure was witnessed in Capital Goods, Power, Oil & Gas, and Utilities.

On the global front, Asian markets were trading mixed as oil prices spiked after Iran attacked American forces. Back home, in the stock specific development, Dynacons Systems & Solutions surged as the company secured contract worth Rs 267.58 crore from National Payments Corporation of India.  

The BSE Sensex is currently trading at 77635.27, up by 869.35 points or 1.13% after trading in a range of 77333.24 and 77646.09. There were 20 stocks advancing against 10 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 2.94%, TECK up by 2.68%, Metal up by 2.16%, FMCG up by 1.42% and Basic Materials up by 1.32%, while Capital Goods down by 0.81%, Power down by 0.77%, Oil & Gas down by 0.14% and Utilities down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 5.15%, Hindustan Unilever up by 3.70%, Tata Steel up by 2.82%, Larsen & Toubro up by 2.82% and TCS up by 2.43%. On the flip side, Adani Ports down by 2.05%, Bharat Electronics down by 1.19%, Mahindra & Mahindra down by 0.89%, Power Grid down by 0.70% and Interglobe Aviation down by 0.65% were the top losers.

Meanwhile, Minister of State for Finance Pankaj Chaudhary said India's net foreign direct investment (FDI) recovered to $6.95 billion in FY26 from $0.96 billion in FY25, though it remained well below $27.99 billion in FY23 and $10.13 billion in FY24. He attributed the moderation in net FDI to higher repatriation and disinvestment by foreign investors, along with rising Overseas Direct Investment (ODI) outflows. Despite the subdued net inflows, India registered a record FDI inflow of $94.84 billion in FY26 as compared to $80.61 billion in FY25. 

The minister said the increase in ODI outflows, following the liberalised ODI rules notified in 2022, has enabled Indian entities to enhance their business footprints abroad and strengthen their competitiveness in international markets, contributing to the long-term growth of the Indian economy. He added that rising repatriation indicates that India is not only attracting foreign capital but also delivering strong returns, which enhances its reputation as a reliable investment destination. 

On inflation, he said the government has been actively undertaking a series of measures to control inflation and mitigate its impact on consumers, particularly the poor and middle class. He said the government continuously monitors the prices of essential commodities and undertakes fiscal, administrative and supply-side measures to contain inflation, particularly to protect low- and middle-income households. 

The CNX Nifty is currently trading at 24232.40, up by 247.05 points or 1.03% after trading in a range of 24136.75 and 24244.55. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were Infosys up by 5.27%, Hindustan Unilever up by 3.81%, Cipla up by 3.11%, Tata Steel up by 3.00% and Larsen & Toubro up by 2.85%. On the flip side, Adani Ports down by 2.02%, Bharat Electronics down by 0.99%, Power Grid down by 0.84%, Adani Enterprises down by 0.77% and Interglobe Aviation down by 0.67% were the top losers.

Asian markets were trading mixed; Nikkei 225 slipped 1069.92 points or 1.72% to 61,295.00, Taiwan Weighted lost 1578.24 points or 3.94% to 40,025.12, Jakarta Composite plunged 37 points or 0.61% to 6,093.59 and KOSPI dropped 396.11 points or 6.58% to 5,627.55. However, Shanghai Composite strengthened 13.49 points or 0.35% to 3,826.80, Hang Seng advanced 323.15 points or 1.28% to 25,634.00 and Straits Times rose 41.98 points or 0.75% to 5,658.09.
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