Bourses trade in green during early afternoon session

Indian markets traded in green territory during early afternoon session following positive cues from other Asian markets. Investors were braced for Union Budget presentation, which is going to be announced on February 1. Sentiments were positive with Commerce Secretary Rajesh Agrawal’s statement that India and the European Union (EU) have successfully concluded negotiations for the proposed free trade agreement and the deal has been finalised. Some support also came as United Nations Conference on Trade and Development (UNCTAD) has stated that India's foreign direct investment (FDI) inflows have increased by 73%, reaching $47 billion in 2025.  On the global front, Asian markets were trading mostly in green as China's industrial profits increased for the first time in four years. Industrial profits increased 0.6 percent in 2025, marking the first rise since 2021. 

The BSE Sensex is currently trading at 81706.48, up by 168.78 points or 0.21% after trading in a range of 81088.59 and 81899.83. There were 18 stocks advancing against 12 stocks declining on the index.

The top gaining sectoral indices on the BSE were Metal up by 2.47%, Basic Materials up by 1.57%, PSU up by 0.92%, Energy up by 0.72% and Oil & Gas was up by 0.71%, while Auto down by 1.32%, Consumer discretionary down by 0.98%, Realty down by 0.91%, Consumer Durables down by 0.81% and Healthcare was down by 0.34% were the top losing indices on BSE.

The top gainers on the Sensex were Axis Bank up by 4.50%, Adani Ports up by 3.11%, Ultratech Cement up by 2.73%, Tata Steel up by 2.27% and NTPC up by 1.77%. On the flip side, Mahindra & Mahindra down by 3.59%, Kotak Mahindra Bank down by 2.44%, Eternal down by 2.22%, Maruti Suzuki down by 1.93% and Asian Paints down by 1.23% were the top losers.

Meanwhile, Ambassador of India to The Russian Federation, Vinay Kumar, has said that India and Russia are moving confidently to achieve a target of $100 billion in bilateral trade by 2030. He noted that steps are being taken to expand the trade basket and free trade agreement will facilitate the achievement of this target. Further, he said the trade has increased with new opportunities in fertilisers, agriculture and engineering.

He highlighted that the bilateral trade between India and Russia has reached a record high of around $68.7 billion in FY 2024-25, due to massive import of Russian crude. Besides, majority trade is being conducted in the national currencies and the trend is likely to continue as the countries deepen trade and economic ties further. Meanwhile, during the India-Russia Business Forum, the Prime Minister Modi had invited Russian businesses to 'come and Make In India...and partner with India'.

In FY 2024-25, India’s exports to Russia stood at $4.88 billion, while imports from Russia recorded at $63.84 billion. Key Indian exports include agri-products (fish, shrimp, rice, tobacco, tea, coffee, grapes), chemical products, pharmaceuticals, iron and steel, ceramic products, aeroplane components, machinery, glass and glassware, clothing and knitwear, leather goods, rubber articles, electrical machinery, and surgical tools.

The CNX Nifty is currently trading at 25127.60, up by 78.95 points or 0.32% after trading in a range of 24932.55 and 25184.95. There were 31 stocks advancing against 19 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 5.37%, Axis Bank up by 4.58%, JSW Steel up by 3.25%, Grasim Industries up by 3.12% and Adani Ports up by 2.96%. On the flip side, Mahindra & Mahindra down by 3.56%, Kotak Mahindra Bank down by 2.63%, Eternal down by 2.24%, Wipro down by 2.01% and Maruti Suzuki down by 1.98% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 395.48 points or 1.48% to 27,161.00, Nikkei 225 surged 393.75 points or 0.74% to 53,279.00, Taiwan Weighted added 253.4 points or 0.78% to 32,317.92, KOSPI increased 135.26 points or 2.66% to 5,084.85, Straits Times rose 46.39 points or 0.95% to 4,907.32 and Shanghai Composite was up by 7.18 points or 0.17% to 4,139.79. On the flip side, Jakarta Composite was down by 57.97 points or 0.65% to 8,917.36.