Key gauges trim some gains in morning deals

Indian equity benchmarks erased most of their initial gains but continued to trade in green in morning deals, led by advances in PSU, Capital Goods and Healthcare stocks as global sentiments improved after easing geopolitical trade tensions. Traders took some support with Union Minister Ashwini Vaishnaw’s statement that India will definitely become the world's third-largest economy over the next few years. However, some cautiousness came with government data showing that retail inflation for farm and rural workers rose slightly by 0.04 per cent and 0.11 per cent, respectively, in December 2025 compared to the preceding month amid firming up of certain food items. On the global front, Asian markets were trading mostly in green after U.S. President Donald Trump withdrew a threat to impose tariffs on a number of European nations for their stance on Greenland, stressing a 'framework of a future deal' on Greenland and wider Arctic region has been reached with NATO chief Mark Rutte. 

The BSE Sensex is currently trading at 82336.89, up by 427.26 points or 0.52% after trading in a range of 82118.22 and 82783.18. There were 25 stocks advancing against 5 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 1.08%, while Small cap index was up by 0.99%.

The top gaining sectoral indices on the BSE were PSU up by 1.50%, Capital Goods up by 1.40%, Healthcare up by 1.19%, Industrials up by 1.15% and Auto up by 1.10%, while there were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Adani Ports &SEZ up by 2.34%, Bharat Electronics up by 2.26%, SBI up by 1.70%, Tata Steel up by 1.68% and Asian Paints up by 1.64%. On the flip side, Eternal down by 1.76%, ICICI Bank down by 0.30%, HDFC Bank down by 0.28%, Reliance Industries down by 0.15% and Larsen & Toubro down by 0.03% were the top losers.

Meanwhile, India pledged to achieve net-zero greenhouse gas emissions by 2070. Therefore, a need was identified for developing industry specific green transition roadmaps that are consistent with Viksit Bharat by 2047. In this context, NITI Aayog has released three reports outlining decarbonisation pathways for the cement, aluminium, and MSME sectors, prepared through extensive consultations with ministries, industry players, research bodies, and knowledge partners.

The first report highlighted that cement production is expected to rise sevenfold, from 391 million tonnes in 2023 to 2,100 million tonnes by 2070. Under the decarbonisation strategy, the cement sector must reduce its carbon intensity from 0.63 tCO2e per tonne of cement to approximately 0.09-0.13 tCO2e per tonne by 2070. The report proposed to prioritize the use of refuse-derived fuels, clinker substitution, scaling up of Carbon Capture, Utilisation and Storage (CCUS) and effective implementation of Carbon Credit Trading Scheme to enable deep decarbonisation in this sector.

Further, second report stated that aluminium production is projected to rise from 4 million tonnes in 2023 to 37 million tonnes by 2070. The decarbonisation roadmap identifies three phased solutions - transition to Renewable Energy-Round the Clock (RE-RTC) power and enhanced grid connectivity in the short term, adoption of nuclear power in the medium term, and long-term integration of CCUS.

Besides, third report said India’s Micro, Small and Medium Enterprises (MSMEs) form the backbone of the country’s industrial landscape, contributing nearly 30% to national GDP, employing over 250 million people, and accounting for around 46% of exports. The Roadmap for Green Transition of MSMEs focuses on three key levers: deployment of energy-efficient equipment, adoption of alternative fuels, and integration of green electricity.

The CNX Nifty is currently trading at 25310.85, up by 153.35 points or 0.61% after trading in a range of 25245.25 and 25435.75. There were 45 stocks advancing against 5 stocks declining on the index.

The top gainers on Nifty were Dr. Reddy's Lab up by 5.12%, Tata Motors Passenger up by 2.87%, Adani Ports &SEZ up by 2.45%, Bharat Electronics up by 2.43% and Coal India up by 2.42%. On the flip side, SBI Life Insurance down by 1.20%, Max Healthcare Inst down by 0.58%, Eternal down by 0.49%, ICICI Bank down by 0.24% and HDFC Bank down by 0.03% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 1121.36 points or 2.12% to 53,896.00, Taiwan Weighted added 474.12 points or 1.52% to 31,720.49, Jakarta Composite gained 49.73 points or 0.55% to 9,060.06, Shanghai Composite strengthened 1.41 points or 0.03% to 4,118.35, KOSPI increased 77.57 points or 1.58% to 4,987.50 and Straits Times rose 23.98 points or 0.5% to 4,833.86.

On the flip side, Hang Seng declined 19.06 points or 0.07% to 26,566.00.