Indian equity benchmarks pared some gains in late trade as tensions in Middles East continue to weigh on market sentiments after reports of Iran violating the cease fire with Israel. However, markets have managed to hold their ground as investors remained optimistic about the resilience of country’s economy after S&P Global Ratings raised India's Gross Domestic Product (GDP) forecast to 6.5 per cent for current fiscal (FY26) assuming a normal monsoon, lower crude oil prices, income-tax concessions and monetary easing. The Midcap and Smallcap stocks have outperformed their peers - Nifty 50 and Sensex - with BSE Mid cap index and BSE Small cap index surging to 0.56% and 0.71%, respectively. 

On the global front, all Asian equity markets are trading higher after Federal Reserve Vice Chair Michelle Bowman indicated support for a rate cut as early as July. European markets were trading higher after German business morale improved more than expected in June amid improvement in companies' future prospects. The Ifo institute's business climate index rose to 88.4 from 87.5 in May. 

The BSE Sensex is currently trading at 82046.51, up by 149.72 points or 0.18% after trading in a range of 81900.12 and 83018.16. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index surged 0.56%, while Small cap index was up by 0.71%.

The top gaining sectoral indices on the BSE were Basic Materials up by 1.11%, Telecom up by 1.08%, Metal up by 0.96%, Auto up by 0.69% and Bankex up by 0.56%, while Energy down by 0.29%, Oil & Gas down by 0.25%, PSU down by 0.05% and IT down by 0.03% were the few losing indices on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 2.54%, Ultratech Cement up by 1.60%, Tata Steel up by 1.51%, Kotak Mahindra Bank up by 1.32% and HDFC Bank up by 0.71%. On the flip side, Power Grid Corporation of India down by 1.58%, NTPC down by 1.29%, Trent down by 0.97%, Reliance Industries down by 0.71% and HCL Technologies down by 0.58% were the top losers.

Meanwhile, the Reserve Bank of India (RBI) in its latest data report has showed that India’s outward foreign direct investment (OFDI) commitments declined 8.45% to $2,830.35 million in May 2025, from $3,091.56 million in May 2024. On the sequentially basis, the fall was steeper, from $5,981.86 million in April 2025.

According to the report titled ‘Overseas direct investment for May 2025’, the equity commitments fell to $929.90 million in May 2025 as compared to $1,020.66 million in May 2024, lower by 8.89%. The equity commitments stood at $1,944.97 million in April 2025.

The report further noted that debt commitments rose around five-fold to $1,276.92 million in May 2025, from $261.08 million in May 2024. They were also higher than the $1,080.34 million recorded in April 2025. Besides, guarantees for overseas units declined to $623.53 million in May 2025, from $1,809.81 million in May 2024.

The CNX Nifty is currently trading at 25054.60, up by 82.70 points or 0.33% after trading in a range of 24999.70 and 25317.70. There were 33 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were Adani Ports & SEZ up by 2.80%, JIO Financial Services up by 2.61%, Shriram Finance up by 2.43%, Grasim Industries up by 2.32% and Adani Enterprises up by 1.70%. On the flip side, ONGC down by 3.04%, Power Grid Corporation of India down by 1.55%, Trent down by 1.04%, Indusind Bank down by 1.02% and NTPC down by 0.89% were the top losers.

All Asian markets are trading higher; Hang Seng advanced 487.94 points or 2.02% to 24,177.07, Jakarta Composite gained 88.94 points or 1.29% to 6,876.08, KOSPI increased 89.17 points or 2.87% to 3,103.64, Nikkei 225 surged 436.47 points or 1.13% to 38,790.56, Shanghai Composite strengthened 38.99 points or 1.14% to 3,420.57, Straits Times rose 23.49 points or 0.61% to 3,902.75 and Taiwan Weighted added 456.74 points or 2.06% to 22,188.76. 

European markets were trading higher; UK’s FTSE 100 increased 33.98 points or 0.39% to 8,792.02, France’s CAC rose 101.96 points or 1.33% to 7,639.53 and Germany’s DAX gained 477.89 points or 2.01% to 23,746.90.