Markets trade in green in early delas on Monday

Indian equity markets have made positive start and are trading in green in early deals on Monday on account of positive cues from the global markets. Buying in Tech Mahindra, Infosys, HCL Technologies, HDFC back and TCS companies’ stocks helped the markets to trade in green. Traders were getting some encouragement as the Indian government said Canada and India have agreed to restart stalled talks for a new trade deal, after discussions between the two countries paused following a diplomatic spat two years ago. Some support came in as RBI data showed that India's forex reserves jumped $5.543 billion to $692.576 billion during the week ended November 14 due to a steep increase in the value of gold reserves. 

On the global front, Asian markets were trading mostly in green following the positive cues from US markets on Friday, on renewed optimism about the US Fed lowering interest rates at its next monetary policy meeting in December. Japanese market is closed on account of labour day.  Back home, on the BSE sectoral front, traders were seen piling up positions in IT, TECK, Telecom, Metal and Bankex, while selling was witnessed in Capital Goods, Utilities, Power, Industrials and Realty. 

The BSE Sensex is currently trading at 85366.25, up by 134.33 points or 0.16% after trading in a range of 85291.37 and 85450.36. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index was up by 0.17%, while Small cap index down by 0.02%.

The top gaining sectoral indices on the BSE were IT up by 1.50%, TECK up by 1.02%, Telecom up by 0.36%, Metal up by 0.30% and Bankex up by 0.14%, while Capital Goods down by 0.51%, Utilities down by 0.39%, Power down by 0.24%, Industrials down by 0.22% and Realty down by 0.15% were the top losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 2.43%, Infosys up by 2.19%, HCL Technologies up by 1.83%, TCS up by 0.67% and HDFC Bank up by 0.43%. On the flip side, Bharat Electronics down by 1.12%, Mahindra & Mahindra down by 0.95%, Tata MotorsPassenger down by 0.84%, Power Grid down by 0.79% and Eternal down by 0.68% were the top losers.

Meanwhile, SBI research in its latest report has said that share of India's merchandise exports to other countries increased as shipments to the US declined since July 2025, indicating diversification of export basket across product categories. The report said India's total merchandise exports during April-September 2025 inched up by 2.9 per cent to $220 billion compared to $214 billion in the year-ago period. 

Cumulative exports to the US also registered a growth of 13 per cent to $45 billion in the April-September period from $40 billion in the year-ago period, though there could be some front-loading effects to the aftermath, with September figures registering negative year-on-year growth of about 12 per cent. Further, the report said the share of the US in India's exports has been declining since July 2025, falling to 15 per cent in September, mainly because of a decline in exports of marine products, precious and semi-precious stones, ready-made cotton garments, and cotton fabrics.

The report said ‘Interestingly, the share of India's merchandise exports to other countries during this period has increased significantly, indicating the diversification of our exports basket with the UAE, China, Vietnam, Japan, and Hong Kong, as also Bangladesh, Sri Lanka, and Nigeria being among the top destinations (over FY25) across different product categories.’

The CNX Nifty is currently trading at 26113.70, up by 45.55 points or 0.17% after trading in a range of 26082.30 and 26137.55. There were 27 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Tech Mahindra up by 2.57%, Infosys up by 2.27%, HCL Technologies up by 1.98%, Wipro up by 1.58% and Interglobe Aviation up by 1.17%. On the flip side, Mahindra & Mahindra down by 1.03%, Bharat Electronics down by 1.00%, Tata MotorsPassenger down by 0.99%, Eternal down by 0.94% and Power Grid down by 0.77% were the top losers.
Asian markets were trading mostly in green; Taiwan Weighted added 92.47 points or 0.35% to 26,527.41, Jakarta Composite gained 59.89 points or 0.71% to 8,474.24, KOSPI increased 33.52 points or 0.87% to 3,886.78, Hang Seng advanced 351.98 points or 1.4% to 25,572.00 and Straits Times rose 20.33 points or 0.45% to 4,489.47. However, Shanghai Composite weakened 13.21 points or 0.34% to 3,821.68.