Markets maintain gains amid FII inflow, strong buying in index heavy weight

The Indian equity indices managed to hold their gains and were trading firm in late afternoon session supported by significant buying in index heavyweight with reliance industries surging more than 4% after posting better than expected earnings. Besides, investor sentiments remained upbeat amid robust FII inflow as the FIIs were net buyers in equity segment with net buying of Rs 5425.58 crore on Friday. Meanwhile, investors seem to have downplayed fears of rising geopolitical tensions between India - Pakistan. 

On the global front, Asian equity markets are trading mixed amid revived hopes for progress in trade talks and expectations of further stimulus from China. European equity markets were trading higher as tariff tensions eased and investors looked ahead to a busy week of earnings, with four of the Magnificent Seven companies due to report their quarterly results.

The BSE Sensex is currently trading at 80200.13, up by 987.60 points or 1.25% after trading in a range of 79341.35 and 80321.88. There were 20 stocks advancing against 10 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained by 1.06%, while Small cap index was up by 0.26%.

The top gaining sectoral indices on the BSE were Energy up by 2.88%, Oil & Gas up by 2.73%, PSU up by 1.99%, Capital Goods up by 1.77% and Bankex up by 1.57%, while IT down by 0.27% and TECK down by 0.09% were the only losing indices on BSE.

The top gainers on the Sensex were Reliance Industries up by 5.18%, SBI up by 2.80%, Sun Pharmaceutical Industries up by 2.51%, Axis Bank up by 2.12% and Tata Steel up by 1.87%. On the flip side, HCL Technologies down by 1.94%, Ultratech Cement down by 0.57%, Bajaj Finance down by 0.52%, Hindustan Unilever down by 0.37% and Nestle down by 0.22% were the top losers.

Meanwhile, Union Minister G Kishan Reddy has called on the mining community to focus on the recovery of critical minerals from dumps and tailings to support advanced alloys and green technologies. He said testing and recovery from existing dumps must be taken up as a national priority. He added that the journey towards a secure, resilient, and sustainable raw material strategy is a collective one.

The minister said under the visionary leadership of Prime Minister Narendra Modi, India is progressing on a bold and ambitious path for the steel sector. The National Steel Policy envisions achieving 300 MT of production capacity by 2030-31 and 500 MT by 2047. He stated that the Ministry of Coal and the Ministry Mines are fully aligned with this vision and is taking proactive steps to ensure its realization. He expressed confidence that through close collaboration between the Centre, State Governments, and industry stakeholders, India will not only meet its raw material requirements domestically but also emerge as a global leader in sustainable, self-reliant steel production. 

The Minister also emphasised the importance of timely utilisation of greenfield mines, as reiterated by the Prime Minister. He said delays in operationalising such assets amount to a waste of national resources. The Ministry is working closely with States and regularly reviewing progress with bidders to expedite mine development. He noted that coordination with the Ministry of Environment, Forest and Climate Change (MoEFCC) has also been enhanced to streamline clearances. He said that several key guidelines have been issued over the past six months, with further reforms in progress. He added that the coal and mining sectors are evolving rapidly to align with sustainability goals and India’s climate commitments while reducing import dependence.

The CNX Nifty is currently trading at 24302.80, up by 263.45 points or 1.10% after trading in a range of 24054.05 and 24355.10. There were 36 stocks advancing against 14 stocks declining on the index.

The top gainers on Nifty were Reliance Industries up by 5.17%, SBI up by 2.87%, Sun Pharmaceutical Industries up by 2.54%, Bharat Electronics up by 2.40% and JSW Steel up by 2.37%. On the flip side, Shriram Finance down by 5.51%, HCL Technologies down by 1.91%, Ultratech Cement down by 0.73%, Bajaj Finance down by 0.53% and Hindustan Unilever down by 0.43% were the top losers.

Asian markets are trading mixed; KOSPI increased 2.56 points or 0.1% to 2,548.86, Jakarta Composite gained 47.41 points or 0.71% to 6,726.33, Taiwan Weighted added 161.68 points or 0.81% to 20,034.41 and Nikkei 225 surged 134.25 points or 0.37% to 35,839.99, while Shanghai Composite weakened 6.65 points or 0.2% to 3,288.41, Straits Times fell 17.05 points or 0.45% to 3,806.73 and Hang Seng declined 8.78 points or 0.04% to 21,971.96.

European markets were trading higher; UK’s FTSE 100 increased 32.77 points or 0.39% to 8,448.02, France’s CAC rose 43.34 points or 0.57% to 7,579.60 and Germany’s DAX gained 84.16 points or 0.38% to 22,326.61.