Markets continue to trade higher in late afternoon session

Indian equity markets continued to trade well above the unchanged lines in late afternoon session supported by buying in Metal and IT stocks. Besides, investors remained optimistic about India’s economic growth as Commerce and Industry Minister Piyush Goyal said that no power on earth can stop India from becoming a developed nation by 2047, with the government taking a series of initiatives to promote the domestic economy, build infrastructure and expand international trade. Further, cooling down of FIIs selling spree has kept sentiments upbeat. However, gains remained capped as traders took a cautious approach ahead of September quarter earnings season.

On the global front, Asian equity markets were trading mixed amid ongoing US government shutdown. European equity markets were trading mostly in red after German exports dropped 0.5 percent in August from July, confounding expectations for an increase of 0.3 percent.

The BSE Sensex is currently trading at 82000.66, up by 227.00 points or 0.28% after trading in a range of 81667.68 and 82160.85. 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 0.58%, while Small cap index was up by 0.12%.

The top gaining sectoral indices on the BSE were Metal up by 1.80%, Basic Materials up by 1.07%, Healthcare up by 0.90%, IT up by 0.68% and Realty up by 0.58%, while Auto down by 0.15% and Telecom down by 0.12% were the only losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.27%, HCL Technologies up by 2.25%, Sun Pharmaceutical Industries up by 1.49%, Kotak Mahindra Bank up by 1.25% and Ultratech Cement up by 1.17%. On the flip side, Tata Motors down by 1.14%, Axis Bank down by 1.08%, Maruti Suzuki down by 0.72%, Titan Company down by 0.52% and HDFC Bank down by 0.31% were the top losers.

Meanwhile, Reserve Bank of India (RBI) in its latest report has showed that the value of house price index (HPI) registered a marginal increase in Q1:2025-26, with Nagpur, Chandigarh, Chennai and Kochi registering maximum increase over the last quarter.

As per the RBI, All-India HPI increased by 3.6 per cent (y-o-y) in Q1:2025-26 as compared to 7.6 per cent growth in the corresponding quarter of the previous year. On a sequential (q-o-q) basis, all-India HPI increased by 2.0 per cent in Q1:2025-26.

The Reserve Bank released its House Price Index for Q1:2025-26 with new base year as 2022-23, covering eighteen major cities. The eighteen cities are Mumbai, Delhi, Chennai, Kolkata, Bangalore, Lucknow, Ahmedabad, Jaipur, Kanpur, Kochi, Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur.

Eight new cities viz., Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur, have been added to existing 10 cities in the new series with base year 2022-23.

The CNX Nifty is currently trading at 25129.20, up by 83.05 points or 0.33% after trading in a range of 25024.30 and 25182.45. There were 39 stocks advancing against 11 stocks declining on the index.

The top gainers on Nifty were JSW Steel up by 2.40%, HCL Technologies up by 2.20%, Tata Steel up by 2.16%, SBI Life Insurance Company up by 1.92% and Interglobe Aviation up by 1.55%. On the flip side, Tata Motors down by 1.24%, Axis Bank down by 1.13%, Maruti Suzuki down by 0.70%, Titan Company down by 0.55% and Eicher Motors down by 0.51% were the top losers.

Asian equity markets were trading mixed; Nikkei 225 surged 775.01 points or 1.6% to 48,510.00, Taiwan Weighted added 238.24 points or 0.87% to 27,301.92, Shanghai Composite strengthened 51.19 points or 1.3% to 3,933.97 and Jakarta Composite gained 66.74 points or 0.81% to 8,232.77, while Hang Seng declined 93.46 points or 0.35% to 26,736.00 and Straits Times fell 15.83 points or 0.36% to 4,440.47. Meanwhile, KOSPI remained closed on account of holiday.

European equity markets were trading mostly in red; Germany’s DAX gained 62.27 points or 0.25% to 24,659.40, while UK’s FTSE 100 decreased 51.97 points or 0.54% to 9,496.90 and France’s CAC fell 9.23 points or 0.11% to 8,050.90.