Key gauges continue to trade higher amid positive global cues

Indian equity benchmarks continued to trade higher in late afternoon session amid declining crude oil prices and easing fears of US recession after better-than-expected U.S. jobs data. Besides, sentiments remained upbeat as the robust FIIs fund inflow in the Indian equity markets have rekindled confidence among the retail investors, as the recent data indicated that FII were net buyers in equity segment with net buying of Rs 2769.81 crore on Friday. Moreover, significant strength has been seen in oil marketing, paints and aviation stocks as the crude oil prices tumbled after OPEC+ countries decided to increase output.

On the global front, Asian equity markets are trading mostly in red, after U.S. President Donald Trump said he had no plans to talk to his Chinese counterpart this week. European equity markets were trading mostly in red, as investors awaited new updates on the tariff front and looked ahead to interest rate decisions from the Federal Reserve and the Bank of England, due later this week.

The BSE Sensex is currently trading at 80885.15, up by 383.16 points or 0.48% after trading in a range of 80657.71 and 81049.03. There were 23 stocks advancing against 7 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 1.41%, while Small cap index was up by 1.08%.

The top gaining sectoral indices on the BSE were Oil & Gas up by 1.84%, Auto up by 1.73%, Utilities up by 1.62%, Power up by 1.48% and Energy up by 1.47%, while Bankex down by 0.71% was the lone loser on BSE sectoral index.

The top gainers on the Sensex were Adani Ports up by 6.46%, Bajaj Finserv up by 3.36%, Mahindra & Mahindra up by 2.89%, Eternal up by 2.16% and Tata Motors up by 1.70%. On the flip side, Kotak Mahindra Bank down by 4.42%, SBI down by 1.14%, Axis Bank down by 0.86%, Indusind Bank down by 0.57% and Titan Company down by 0.35% were the top losers.

Meanwhile, Indian Wind Turbine Manufacturers Association (IWTMA) has said that India's wind energy sectors is investing in capacity, technology innovation, and workforce development to help the country reach 100 GW of production by 2030. As per the latest report of March 2025 of Central Electricity Authority, at present, the country has an installed wind energy capacity of over 50 GW. Recently, IWTMA outlined the industry's readiness to scale up manufacturing, generate employment, and advance the 'Make in India' mission.

IWTMA said India currently has over 18 GW of annual domestic manufacturing capacity for wind turbines and components. It said this strong value chain supports both domestic demand and India's emergence as a potential global export hub for wind equipment, and added that the wind energy sector is set to become a major employment generator. Renewable sector hiring is expected to grow by 19 per cent in FY25, with wind power contributing thousands of jobs across manufacturing, installation, operations, and maintenance.

The industry body further said that over 55 per cent of the workforce is between 26 and 35 years old, positioning wind as a future-focused employer for young Indians. With India being the fourth-largest renewable energy generator in the world, wind power plays a key role in ensuring grid stability. As it complements solar energy by generating power during non-solar hours, wind helps provide reliable, round-the-clock green electricity at affordable rates. It also stressed the need for continued policy support, streamlined regulations, and improvements in infrastructure and testing facilities to realise the sector's full potential.

The CNX Nifty is currently trading at 24487.60, up by 140.90 points or 0.58% after trading in a range of 24400.65 and 24526.40. There were 39 stocks advancing against 11 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 6.78%, Adani Ports up by 6.37%, Trent up by 4.16%, Bajaj Finserv up by 3.86% and Shriram Finance up by 3.66%. On the flip side, Kotak Mahindra Bank down by 4.28%, ONGC down by 1.85%, JSW Steel down by 1.41%, Dr. Reddy's Laboratories down by 1.15% and SBI down by 1.12% were the top losers.

Asian markets are trading mostly in red; Taiwan Weighted lost 254.65 points or 1.24% to 20,532.99 and Straits Times rose 2.81 points or 0.07% to 3,847.95, while Jakarta Composite gained 47.37 points or 0.7% to 6,863.10.

European markets were trading mostly in red; France’s CAC fell 38.45 points or 0.49% to 7,732.03 and Germany’s DAX gained 108.15 points or 0.47% to 23,194.80.