Domestic equity indices maintained their gains in late morning deals on account of buying by funds and retail investors. Buying in Mahindra & Mahindra, Infosys, HDFC Bank, Maruti Suzuki and Ultratech Cement companies’ stocks helped markets to maintain their gains. Meanwhile, the broader indices were trading in-line with benchmarks with BSE Mid cap index and Small cap index gaining in the range of 0.30-0.50%. Sentiments got boost as the HSBC final India Services Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 60.4 in June from 58.8 in May. Besides, there was some encouragement in markets after US State Department Deputy Spokesperson Mignon Houston said that India is an essential partner for Washington in the Indo-Pacific region, as talks continue for a bilateral trade agreement between the two nations. Most of the sectoral indices on BSE were trading in green, with only exception of Utilities counter. Stocks from Auto, Oil & Gas, Energy, IT and Consumer Durables counters were the prominent gainers.

On the global front, Asian markets were trading mixed as traders remained cautious ahead of the deadline of July 9 set by the US President Donald Trump for reaching trade deals with its partner countries. Back home, in the stock specific development, Motilal Oswal Financial Services surged after the company’s arm -- Motilal Oswal Asset Management Company's Assets Under Management (AUM) crossed Rs 1.5 trillion across Mutual Funds (Active & Passive), Portfolio Management Services (PMS) and Category-III Alternative Investment Funds (AIFs).

The BSE Sensex is currently trading at 83774.30, up by 364.61 points or 0.44% after trading in a range of 83348.49 and 83803.00. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.33%, while Small cap index up by 0.47%.

The top gaining sectoral indices on the BSE were Auto up by 0.92%, Oil & Gas up by 0.89%, Energy up by 0.73%, IT up by 0.71% and Consumer Durables up by 0.68%, while Utilities down by 0.20% was the only losing index on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.43%, Infosys up by 1.10%, HDFC Bank up by 1.01%, Maruti Suzuki up by 0.99% and Ultratech Cement up by 0.99%. On the flip side, Trent down by 1.10%, Kotak Mahindra Bank down by 0.82%, Bajaj Finserv down by 0.81%, Bajaj Finance down by 0.65% and SBI down by 0.21% were the top losers.

Meanwhile, the Reserve Bank of India (RBI) has directed banks and other lenders not to levy any pre-payment charges on all floating-rate loans and advances, including for business purposes, availed by individuals and micro and small enterprises (MSEs). The directions will be applicable to all loans and advances sanctioned or renewed on or after January 1, 2026. In terms of extant guidelines, banks and NBFCs are not permitted to levy foreclosure charges/pre-payment penalties on any floating rate term-loan sanctioned to individual borrowers with or without co-obligant(s) for purposes other than business. 

In a circular, the RBI said the availability of easy and affordable financing to MSEs is of paramount importance. However, the Reserve Bank's supervisory reviews have indicated divergent practices among regulated entities (REs) with regard to the levy of pre-payment charges in case of loans sanctioned to MSEs, which lead to customer grievances and disputes. Based on a review of the supervisory findings and public feedback received on a draft circular, the central bank has issued the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025. For all loans granted for business purpose to individuals and MSEs, with or without co-obligant(s), a commercial bank (excluding Small Finance bank, Regional Rural bank and Local Area bank), a Tier 4 Primary (Urban) Co-operative bank, an NBFC-UL, and an All India Financial Institution shall not levy any pre-payment charges.

It further said also, for all loans granted for purposes other than business to individuals, with or without co-obligant(s), a regulated entity (RE) shall not levy pre-payment charges. A Small Finance bank, a Regional Rural bank, a Tier 3 Primary (Urban) Cooperative bank, State Cooperative bank, Central Cooperative bank and an NBFCML shall not levy any pre-payment charges on loans with sanctioned amount/ limit up to Rs 50 lakh. It also said the norms will be applicable irrespective of the source of funds used for pre-payment of loans, either in part or in full, and without any minimum lock-in period. 

The CNX Nifty is currently trading at 25539.65, up by 86.25 points or 0.34% after trading in a range of 25429.75 and 25576.70. There were 34 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were ONGC up by 1.73%, Mahindra & Mahindra up by 1.26%, HDFC Bank up by 1.08%, Hero MotoCorp up by 1.04% and Wipro up by 1.03%. On the flip side, SBI Life down by 1.46%, Trent down by 0.96%, Kotak Mahindra Bank down by 0.87%, Bajaj Finance down by 0.86% and Bajaj Finserv down by 0.72% were the top losers.

Asian markets were trading mixed; Jakarta Composite gained 20.39 points or 0.3% to 6,901.64, Shanghai Composite strengthened 4.89 points or 0.14% to 3,459.68, KOSPI increased 36.32 points or 1.17% to 3,111.38 and Taiwan Weighted added 170.13 points or 0.75% to 22,747.87. However, Hang Seng declined 224.34 points or 0.93% to 23,997.07, Straits Times fell 6.08 points or 0.15% to 4,004.69 and Nikkei 225 slipped 34.5 points or 0.09% to 39,727.98.