Indian equity benchmarks ended in positive territory with modest gains on Tuesday, supported by buying in stocks including Adani Enterprises and Adani Ports and Tata Steel. Indices made a gap-up opening and traded near their intra-day high points in early trade, after US President Donald Trump announced that Israel and Iran have agreed to a ceasefire. However, gains were trimmed in the afternoon session, as traders turned cautious following reports that Israel has accused Iran of violating the ceasefire agreement. But markets managed to close in positive territory.

Some of the important factors in today’s trade:

S&P raises India's GDP forecast to 6.5% for FY26: Sentiments remained up-beat as S&P Global Ratings raised India's Gross Domestic Product (GDP) forecast for current fiscal to 6.5 per cent assuming a normal monsoon, lower crude oil prices, income-tax concessions and monetary easing.

India, US trying to finalise interim trade deal before July 9: Traders took some support as India and the US are reportedly engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9. 

Government holds extensive consultations on FTAs to safeguard industry interests: Traders took note of Commerce and Industry Minister Piyush Goyal’s statement that the government holds extensive stakeholder consultations on the free trade agreements (FTAs) and is pursuing these pacts while keeping in mind the interests of the domestic industry. 

Global front: European markets were trading in green after German business morale improved more than expected in June amid improvement in companies' future prospects. Asian markets ended mostly in green after US President Donald Trump announced that Iran and Israel have agreed to a ceasefire.  

The BSE Sensex ended at 82055.11, up by 158.32 points or 0.19% after trading in a range of 81900.12 and 83018.16. There were 16 stocks advancing against 14 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.54%, while Small cap index up by 0.71%. (Provisional)

The top gaining sectoral indices on the BSE were Telecom up by 1.13%, Basic Materials up by 1.12%, Metal up by 0.96%, Bankex up by 0.72% and Auto up by 0.62%, while Energy down by 0.18%, Oil & Gas down by 0.17%, IT down by 0.11%, TECK down by 0.07% and PSU down by 0.02% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Adani Ports & Special Economic Zone up by 2.58%, Tata Steel up by 1.54%, Kotak Mahindra Bank up by 1.46%, Ultratech Cement up by 1.16% and Bajaj Finserv up by 0.82%. On the flip side, Power Grid down by 1.52%, Trent down by 0.97%, NTPC down by 0.93%, Maruti Suzuki down by 0.72% and HCL Technologies down by 0.69% were the top losers. (Provisional)

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 ended at 25044.35, up by 72.45 points or 0.29% after trading in a range of 24999.70 and 25317.70. There were 33 stocks advancing against 17 stocks declining on the index. (Provisional)

The top gainers on Nifty were JIO Financial Services up by 2.61%, Adani Ports & Special Economic Zone up by 2.56%, Shriram Finance up by 2.18%, Grasim Industries up by 2.10% and Kotak Mahindra Bank up by 1.81%. On the flip side, ONGC down by 2.97%, Power Grid down by 1.48%, Trent down by 1.02%, Indusind Bank down by 0.95% and NTPC down by 0.80% were the top losers. (Provisional)

European markets were trading higher; Germany’s DAX gained 471.04 points or 2.02% to 23,740.05, France’s CAC rose 97.98 points or 1.3% to 7,635.55 and UK’s FTSE 100 increased 27.74 points or 0.32% to 8,785.78.

Asian markets settled mostly higher on Tuesday tracking Wall Street’s gains overnight as Crude oil prices slumped and Federal Reserve Vice Chair Michelle Bowman said she favored a rate cut as soon as July if inflationary pressures remain contained. Market sentiments improved further after US President Donald Trump said a ceasefire agreed between Israel and Iran is now in effect. Hong Kong index soared, with technology and EV shares leading the surge. Moreover, Japanese shares rose sharply, even as a stronger yen weighed on exporters’ overseas profits.