Indices trade higher in early deals tracking firm global peers

Indian equity indices are trading higher by over quarter percent in early deals on Wednesday owing to positive cues from the global markets. Meanwhile, broader indices outperformed their large peers with BSE Mid cap index and Small cap index gaining in the range of 0.70-0.85%. Falling crude oil prices also supported domestic sentiments. segments got boost as Chief Economic Advisor V. Anantha Nageswaran said that India’s economy is on track to surpass the $4 trillion mark in the current financial year. He noted that the country has effectively moved past the $3.9 trillion GDP level recorded at the end of March 2025. Meanwhile, a private report said that the domestic GDP growth in the first half of the current financial year, FY26, is expected to come in at 7.6 per cent, higher than the 6.1 per cent recorded during the same period last year.

On the global front, Asian markets were trading higher tracking US markets gains on hopes that the U.S. Federal Reserve could cut benchmark interest rates in December. Back home, on the BSE sectoral front, traders were seen piling up positions in Metal, Basic Materials, Capital Goods, Oil & Gas and Power, while selling was witnessed only in TECK and Telecom.

The BSE Sensex is currently trading at 84909.18, up by 322.17 points or 0.38% after trading in a range of 84478.13 and 84910.21. There were 29 stocks advancing against 1 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.71%, while Small cap index up by 0.84%.

The top gaining sectoral indices on the BSE were Metal up by 1.65%, Basic Materials up by 0.98%, Capital Goods up by 0.95%, Oil & Gas up by 0.94% and Power up by 0.93%, while, TECK down by 0.26% and Telecom down by 0.25% were the only losing indices on BSE.

The top gainers on the Sensex were Tata MotorsPassenger up by 2.44%, Adani Ports up by 2.20%, Tata Steel up by 1.92%, Trent up by 1.50% and Power Grid up by 0.79%. On the flip side, Bharti Airtel down by 2.02% was the only loser.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that the recently approved Rs 25,060 crore export promotion mission would incorporate targeted schemes to help landlocked states enhance their competitiveness in the export sector. He also called for a strong centre-state partnership to boost export growth. Madhya Pradesh, Chhattisgarh, Haryana, Jharkhand, and Telangana are among the landlocked states.

He said that based on inputs from states, the commerce ministry would work closely with relevant agencies to identify effective and timely solutions to emerging challenges. He stated that the Export Promotion Mission would incorporate targeted schemes to help landlocked states enhance their competitiveness in the export sector.

To address global uncertainties at the trade front, the government, on November 12, approved an export promotion mission with an outlay of Rs 25,060 crore for six financial years, beginning 2025-26, to help exporters deal with high tariffs imposed by the US. The mission will be implemented through two sub-schemes -- Niryat Protsahan (Rs 10,401 crore) and Niryat Disha (Rs 14,659 crore). Besides, Goyal also urged states to actively share their successful models and best practices, particularly in areas such as Ease of Doing Business and Single Window clearance systems.

The CNX Nifty is currently trading at 25979.90, up by 95.10 points or 0.37% after trading in a range of 25842.95 and 25983.90. There were 45 stocks advancing against 5 stocks declining on the index.

The top gainers on Nifty were JSW Steel up by 2.81%, Tata MotorsPassenger up by 2.51%, Adani Ports up by 2.18%, Tata Steel up by 1.73% and Trent up by 1.56%. On the flip side, Bharti Airtel down by 2.02%, Eicher Motors down by 0.10%, Tata Consumer down by 0.08%, Bajaj Auto down by 0.07% and Apollo Hospital down by 0.04% were the top losers. 

All Asian markets were trading higher; Nikkei 225 surged 982.48 points or 2.02% to 49,642.00, Taiwan Weighted added 385.43 points or 1.43% to 27,297.60, Jakarta Composite gained 14.73 points or 0.17% to 8,536.62, Shanghai Composite strengthened 5.46 points or 0.14% to 3,875.48, KOSPI increased 87.55 points or 2.27% to 3,945.33, Hang Seng advanced 164.45 points or 0.64% to 26,059.00 and Straits Times rose 28.77 points or 0.64% to 4,514.40.