Key gauges continue to trade higher in morning deals

Indian equity benchmarks continued to trade higher in morning deals, tracking a firm trend in global markets and buying in blue-chip bank stocks. Traders took support as the United Nations Conference on Trade and Development (UNCTAD) stated that the FDI inflows to India in 2025 surged by 73 per cent to $47 billion, mainly due to large investments in services and manufacturing, supported by policies aimed at integrating the country into global supply chains. Some support also came as Ambassador of India to The Russian Federation, Vinay Kumar stated that India and Russia are moving confidently to achieve a target of $100 billion in bilateral trade by 2030. Sector-wise, port stocks remained in watch as Union Shipping Minister Sarbananda Sonowal stated that India's maritime sector was projected to attract investments worth over Rs 80 lakh crore in the coming years which will help the country regain its nautical supremacy. On the global front, Asian markets are trading mostly in green following the broadly positive cues from Wall Street overnight. However, traders seemed reluctant to make more significant moves ahead of the US Fed's monetary policy announcement on Wednesday.

The BSE Sensex is currently trading at 81862.77, up by 325.07 points or 0.40% after trading in a range of 81088.59 and 81899.83. There were 22 stocks advancing against 8 stocks declining on the index.

The top gaining sectoral indices on the BSE were Metal up by 2.50%, Basic Materials up by 1.55%, PSU up by 1.14%, Utilities up by 0.93% and Oil & Gas up by 0.90%, while Auto down by 0.97%, Realty down by 0.73%, Consumer Disc down by 0.61% and Consumer Durables down by 0.14% were the losing indices on BSE.

The top gainers on the Sensex were Axis Bank up by 5.04%, Adani Ports &SEZ up by 4.49%, Ultratech Cement up by 2.79%, NTPC up by 2.12% and Bharat Electronics up by 1.81%. On the flip side, Kotak Mahindra Bank down by 3.22%, Mahindra & Mahindra down by 2.99%, Maruti Suzuki down by 1.49%, Eternal down by 0.72% and ICICI Bank down by 0.32% were the top losers.

Meanwhile, Cuban Ambassador to India Juan Carlos Marsan Aguilera has said that Cuba is interested in expanding economic cooperation with India in sectors such as agro-industry, biotechnology, healthcare, information technology, renewable energy, sports and tourism. According to Aguilera, Cuba is a pioneer in biotechnology and pharmaceuticals, with its biopharma products exported to 45 countries.

He further said Cuba is also in the process of transitioning from fossil fuels to renewable energy, opening avenues for cooperation in clean energy solutions. He said his country allows companies the use of land for business purposes, and offers an electronic visa facility to facilitate ease of travel and investment.
Emphasizing tourism potential, he stated that Cuba has 10 international airports, three cruise terminals and 10 international marinas, offering broad opportunities for cooperation in tourism and allied infrastructure.

The CNX Nifty is currently trading at 25161.55, up by 112.90 points or 0.45% after trading in a range of 24932.55 and 25184.95. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were Axis Bank up by 5.21%, Adani Enterprises up by 5.03%, Adani Ports &SEZ up by 4.45%, JSW Steel up by 3.90% and Ultratech Cement up by 2.97%. On the flip side, Kotak Mahindra Bank down by 3.38%, Mahindra & Mahindra down by 3.28%, Wipro down by 2.10%, Maruti Suzuki down by 1.67% and Max Healthcare Inst down by 1.25% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 419.75 points or 0.79% to 53,305.00, Taiwan Weighted added 238.01 points or 0.74% to 32,302.53, Shanghai Composite strengthened 1.42 points or 0.03% to 4,134.03, KOSPI increased 109.78 points or 2.22% to 5,059.37, Hang Seng advanced 297.48 points or 1.1% to 27,063.00 and Straits Times rose 37.19 points or 0.77% to 4,898.12.

On the flip side, Jakarta Composite plunged 56.18 points or 0.63% to 8,919.15.