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Indices trade slightly higher in late morning deals
Jul-30-2026

Domestic equity indices traded slightly higher in late morning deals, supported by buying in Tech Mahindra, Infosys, HCL Technologies, Mahindra & Mahindra, and Power Grid. Market sentiment was supported as foreign institutional investors (FIIs) extended their buying streak on July 29, 2026, by purchasing Indian equities worth Rs 2,981.87 crore. However, gains remained capped as crude oil prices surged above $92 per barrel. On the BSE sectoral front, traders were seen building positions in IT, Auto, TECK, Energy, and Oil & Gas, while selling pressure was witnessed in Realty, Bankex, Capital Goods, Industrials, and Telecom.

On the global front, Asian markets were trading mixed following negative cues from the US markets overnight. Back home, in the stock specific development, Indo-MIM debuted at Rs 703.00 on the BSE, up by 218.00 points or 44.95% from its issue price of Rs 485.00.

The BSE Sensex is currently trading at 77711.81, up by 57.21 points or 0.07% after trading in a range of 77440.91 and 77750.14. There were 14 stocks advancing against 16 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 1.19%, Auto up by 0.85%, TECK up by 0.81%, Energy up by 0.70% and Oil & Gas up by 0.56%, while Realty down by 1.10%, Bankex down by 0.54%, Capital Goods down by 0.53%, Industrials down by 0.23% and Telecom down by 0.19% were the top losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 1.80%, Infosys up by 1.65%, HCL Technologies up by 1.20%, Mahindra & Mahindra up by 1.16% and Power Grid up by 0.97%. On the flip side, Adani Ports down by 2.98%, Asian Paints down by 1.54%, Ultratech Cement down by 1.49%, Bajaj Finserv down by 1.07% and Hindustan Unilever down by 0.99% were the top losers.

Meanwhile, the Ministry of Statistics & Programme Implementation (MoSPI) has released the second Trial Index of Services Production (ISP) for May 2026 with 2024-25 as the base year, covering 19 service sub-sectors. It stated 8 of the 19 sub-sectors recorded double-digit year-on-year growth in May 2026, while 16 sub-sectors registered positive growth compared with May 2025.

The top eight Sub-sectors reporting strong growth in May, 2026 were Accommodation and Food (27.4%), Real Estate (17.7%), Retail Trade (13.3%), Banking (12.1%), Telecommunications (11.8%), Warehousing and support activities for transportation rose (11.5%), Professional, scientific & technical services including R & D increased (11.0%) and IT and computer related services (10.3%). 

Besides, Repair services advanced 9.8%, Water Transport rose 5.6%, Administrative and support services surged 5.0%, Road transport rose 4.4%, Wholesale trade increased 3.7%, Railway transport gained 3.4%, Insurance increased 2.7%, and Arts, entertainment and recreation services was up by 1.6%. However, it said that three sub-sectors registered annual contractions in May 2026 were Information and broadcasting (-7.6%), Air transport (-2.8%), Postal and courier services (-1.0%). 

The maiden sub-sectors trial ISP for April 2026 was released on July 14, 2026. The ministry said the monthly ISPs are being published on an experimental basis. The publication of Trial Series would enable MoSPI to examine data quality, test its resilience and also receive feedback from stakeholders and users. It added Indices of Railways, Banking and Insurance sub-sectors are based on provisional monthly data and would undergo revision on an annual basis.

The CNX Nifty is currently trading at 24274.60, up by 24.40 points or 0.10% after trading in a range of 24187.10 and 24287.25. There were 29 stocks advancing against 21 stocks declining on the index.

The top gainers on Nifty were Wipro up by 2.66%, Tech Mahindra up by 2.11%, ONGC up by 2.01%, Infosys up by 1.62% and Mahindra & Mahindra up by 1.21%. On the flip side, Adani Ports down by 2.90%, Shriram Finance down by 1.76%, Asian Paints down by 1.65%, Ultratech Cement down by 1.63% and Hindustan Unilever down by 1.17% were the top losers.

Asian markets were trading mixed; Taiwan Weighted lost 105.88 points or 0.27% to 39,933.30, Shanghai Composite weakened 27.39 points or 0.72% to 3,801.08, KOSPI dropped 61.03 points or 1.08% to 5,602.21 and Straits Times fell 48.78 points or 0.85% to 5,664.41. However, Nikkei 225 surged 475.81 points or 0.77% to 61,910.00, Jakarta Composite gained 56.57 points or 0.92% to 6,147.96, Hang Seng advanced 28.08 points or 0.11% to 25,836.00.
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