Key gauges remain in green in morning deals

Indian equity benchmarks remained in green in morning deals, helped by buying in Auto, IT and Utilities stocks and a firm trend in Asian markets. Traders took support as the government is working on measures to boost India's exports, including targeting 50 countries in regions such as the Middle East and Africa, amid the heavy tariffs imposed by the US on Indian goods. However, gains remained capped as some concerns came with exchange data showing that Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,202.65 crore on Monday. Separately, the Lok Sabha has passed the revised Income Tax Bill, 2025 without any debate. The new Income Tax Bill will allow individuals to claim TDS refunds even if they fail to file I-T return within due date. The new Income Tax Bill, which from April 1, 2026, will replace the Income Tax Act, 1961. On the global front, Asian markets are trading mostly in green, buoyed by an extension of a tariff truce between the world's two largest economies, while Japanese shares hit an all-time peak, powered by tech shares after returning from a long weekend break.

The BSE Sensex is currently trading at 80831.26, up by 227.18 points or 0.28% after trading in a range of 80398.23 and 80997.67. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.15%, while Small cap index was up by 0.38%.

The top gaining sectoral indices on the BSE were Auto up by 1.19%, IT up by 0.93%, Utilities up by 0.84%, Oil & Gas up by 0.80% and Power up by 0.73%, while Realty down by 0.41%, Capital Goods down by 0.34% and Bankex down by 0.16% were the top losing indices on BSE.

The top gainers on the Sensex were Maruti Suzuki up by 2.89%, Mahindra & Mahindra up by 1.66%, Tech Mahindra up by 1.66%, Titan Company up by 1.54% and Tata Steel up by 1.38%. On the flip side, Eternal down by 1.20%, Bajaj Finance down by 1.01%, Trent down by 0.75%, ICICI Bank down by 0.47% and Bharat Electronics down by 0.35% were the top losers.

Meanwhile, the Lok Sabha has passed the revised Income Tax Bill, 2025 without any debate. The new Income Tax Bill will allow individuals to claim TDS refunds even if they fail to file I-T return within due date. The new Income Tax Bill, which from April 1, 2026, will replace the Income Tax Act, 1961.

The bill cuts down wordage and chapters by almost half and writes the clauses in simpler and easy to understand language. It does away with the confusing concepts of assessment year and previous year, replacing them with easier to understand 'tax year'. The new Income Tax Bill provides for 'nil' TCS on Liberalised Remittance Scheme (LRS) remittances for education purposes financed by any financial institutions.

The original Income Tax Bill, 2025, which was introduced in February, was withdrawn by the Finance Minister on Friday August 8, 2025). The Minister on Monday (August 11, 2025) came up with a revised bill incorporating almost all recommendations of the Select Committee which had scrutinised the original bill. The Select Committee had suggested that the government should modify the provisions relating to TDS claims by those who fail to file ITR before the stipulate due date.

The CNX Nifty is currently trading at 24657.75, up by 72.70 points or 0.30% after trading in a range of 24530.75 and 24702.60. There were 36 stocks advancing against 14 stocks declining on the index.

The top gainers on Nifty were Maruti Suzuki up by 2.72%, Hero MotoCorp up by 2.09%, Tech Mahindra up by 1.73%, Mahindra & Mahindra up by 1.67% and Tata Steel up by 1.60%. On the flip side, Eternal down by 1.26%, Grasim Industries down by 1.14%, Bajaj Finance down by 1.02%, Trent down by 0.67% and Hindalco down by 0.65% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 1136.52 points or 2.72% to 42,957.00, Taiwan Weighted added 126.79 points or 0.53% to 24,262.29, Jakarta Composite gained 115.58 points or 1.52% to 7,721.51, Shanghai Composite strengthened 20.48 points or 0.56% to 3,668.03 and KOSPI increased 0.71 points or 0.02% to 3,207.48.

On the flip side, Hang Seng declined 33.81 points or 0.14% to 24,873.00 Straits Times fell 15.38 points or 0.36% to 4,217.40.