Bourses continue gaining momentum in late afternoon session

Indian equity markets continued their gaining momentum in late afternoon session amid healthy buying by investors. Traders took note of private report that Prime minister Narendra Modi hinted at a new set of policies aimed at promoting value-added exports from India, and reducing the reliance on imported goods. Emphasising the need for Indian industry to move up the value chain, he said the country should be exporting more finished products, rather than raw materials. On the global front, Japan stock market -- Nikkei 225 Index was trading higher amid US Fed's interest rate decision later in the day. European markets were trading mostly in green as global markets recovered from a tech selloff sparked by concerns over the emergence of a low-cost Chinese AI model. Investors also digested a slew of corporate earnings results and looked ahead to the Federal Reserve's interest-rate decision later in the day for direction.

The BSE Sensex is currently trading at 76461.20, up by 559.79 points or 0.74% after trading in a range of 75975.80 and 76589.93. There were 25 stocks advancing against 6 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 2.20%, while Small cap index was up by 2.76%.

The top gaining sectoral indices on the BSE were IT up by 2.55%, Industrials up by 2.52%, Realty up by 2.50%, Capital Goods up by 2.40% and Basic Materials was up by 1.99%, while FMCG down by 0.45% was the only losing index on BSE.

The top gainers on the Sensex were Zomato up by 4.80%, Infosys up by 2.72%, Tata Motors up by 2.35%, Ultratech Cement up by 2.10% and Tech Mahindra up by 2.10%. On the flip side, Maruti Suzuki down by 1.41%, Asian Paints down by 1.23%, ITC down by 0.43%, Bharti Airtel down by 0.27% and Hindustan Unilever down by 0.20% were the top losers.

Meanwhile, with an aim to enhance product reliability, ensure safety, and support India’s ambitious renewable energy targets, Union Ministry of New and Renewable Energy (MNRE) has notified the Solar Systems, Devices, and Components Goods Order, 2025, which revises and supersedes the existing Solar Photovoltaics, Systems, Devices, and Components Goods (Requirements for Compulsory Registration) Order, 2017.  

The revised order has been notified in the Gazette of India vide Gazette Notification dated January 27, 2025 under the Bureau of Indian Standards (BIS) Act, 2016 and will come into effect 180 days from the date of publication. This order covers Solar PV modules, Inverters to be used in Solar PV applications and Storage Batteries. The revised Quality Control Order aligns with the Government of India’s commitment to promoting high-quality and efficient solar photovoltaic (PV) products for sustainable energy development.

The revised Quality Control Order (QCO, 2025) has been notified by the MNRE after due consultations for over 24 months with all the relevant Stakeholders i.e., Solar PV Module manufacturers, Inverter manufacturers, Storage Batteries manufacturers, Testing laboratories for the products, National Institute of Solar Energy (NISE) and Bureau of Indian Standards. Comments from World Trade Organization (WTO) member countries were also sought by uploading the draft notification on WTO-TBT (Technical Barrier to Trade) website for 60 days before publishing in the Gazette of India.

The CNX Nifty is currently trading at 23143.55, up by 186.30 points or 0.81% after trading in a range of 22976.50 and 23181.35. There were 41 stocks advancing against 10 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 3.47%, Bharat Electronics up by 3.06%, Bajaj Auto up by 2.90%, Wipro up by 2.83% and Infosys up by 2.69%. On the flip side, Asian Paints down by 1.24%, Maruti Suzuki down by 1.20%, BPCL down by 1.10%, Britannia down by 0.71% and ITC down by 0.46% were the top losers.

on the global front; Nikkei 225 surged 397.91 points or 1.01% to 39,414.78.

European markets were trading mostly in green; UK’s FTSE 100 increased 4.49 points or 0.05% to 8,538.36 and Germany’s DAX was up by 73.8 points or 0.34% to 21,504.38. On the flip side, France’s CAC was down by 31.91 points or 0.4% to 7,865.46.