Indian equity markets continued to trade in red in late morning deals on account of selling in Eternal, Sun Pharma, Tata Steel, Mahindra & Mahindra and Tata Motors companies’ stocks. Traders were cautious after a private report said that India's goods trade deficit is projected to widen to $300 billion in FY26, up from $287 billion in FY25, as weak global demand weighs on exports while resilient domestic consumption is expected to fuel higher imports. On the BSE sectoral front, traders were seen pilling up positions in FMCG, IT, Telecom, TECK and Realty, while selling was witnessed in Auto, Metal, Basic Materials, Consumer Disc and Capital Goods. 

On the global front, Asian markets were trading mostly higher after U.S. President Donald Trump said that he had reached a preliminary trade agreement with Indonesia, which includes a provision for a 19% tariff on the country’s exports to the U.S. Back home, in the stock specific development, Biocon surged after the company's subsidiary firm, Biocon Biologics, received US Food and Drug Administration's (USFDA) approval for its diabetes drug, Insulin Aspart, marketed as Kirsty. 

The BSE Sensex is currently trading at 82408.64, down by 162.27 points or 0.20% after trading in a range of 82342.94 and 82634.96. There were 11 stocks advancing against 19 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index was down by 0.08%, while Small cap index up by 0.07%.

The top gaining sectoral indices on the BSE were FMCG up by 0.29%, IT up by 0.18%, Telecom up by 0.18%, TECK up by 0.13% and Realty up by 0.09%, while Auto down by 0.68%, Metal down by 0.67%, Basic Materials down by 0.51%, Consumer Disc down by 0.39% and Capital Goods down by 0.25% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports up by 0.88%, Tech Mahindra up by 0.50%, Infosys up by 0.46%, SBI up by 0.42% and HDFC Bank up by 0.36%. On the flip side, Eternal down by 1.74%, Sun Pharma down by 1.20%, Tata Steel down by 1.10%, Mahindra & Mahindra down by 1.00% and Tata Motors down by 0.85% were the top losers.

Meanwhile, the commerce ministry data has indicated that Indian goods exports to the US grew by 23.53 per cent to $8.3 billion in June, while the imports dipped by 10.61 per cent to about $4 billion during the month. The US was the largest trading partner of India in the April-June quarter of 2025-26. During the quarter, India’s exports to the US increased by 22.18 per cent to $25.51 billion, while imports grew 11.68 per cent to $12.86 billion.

In the month of June, India’s exports to China increased by 17.18 per cent to $1.38 billion, while imports from China rose 2.48 per cent to $9.51 billion. During April-June quarter, country’s exports to China grew 17.87 per cent to $4.4 billion, while imports surged 16.33 per cent to $29.74 billion. 

Indian exports experienced positive growth in Singapore, Germany, France, Brazil, and Korea during June. Meanwhile, exports to the UAE, the Netherlands, the UK, Bangladesh, Saudi Arabia, Australia, Nepal, South Africa, Italy, Belgium and Malaysia declined during the same period. On the imports front, inbound shipments in June declined from nations including the UAE, Russia, Iraq, Germany, Malaysia, Switzerland, Australia, and Taiwan. However, imports rose from Saudi Arabia, Singapore, Korea, Japan, Hong Kong, and Thailand.

The CNX Nifty is currently trading at 25147.30, down by 48.50 points or 0.19% after trading in a range of 25121.05 and 25218.95. There were 18 stocks advancing against 32 stocks declining on the index.

The top gainers on Nifty were Nestle up by 2.62%, Wipro up by 0.99%, Adani Ports up by 0.75%, Indusind Bank up by 0.61% and Apollo Hospital up by 0.54%. On the flip side, Shriram Finance down by 2.89%, Eternal down by 1.76%, Hero MotoCorp down by 1.49%, Sun Pharma down by 1.11% and JSW Steel down by 1.08% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 33.24 points or 0.14% to 24,623.36, Jakarta Composite gained 38.11 points or 0.53% to 7,178.58, Straits Times rose 10.12 points or 0.25% to 4,129.94, Nikkei 225 surged 18.2 points or 0.05% to 39,696.22 and Taiwan Weighted added 206.96 points or 0.91% to 23,042.90. However, Shanghai Composite weakened 5.9 points or 0.17% to 3,499.10 and KOSPI dropped 35.39 points or 1.1% to 3,179.89.