Markets trade in green in early deals

Indian equity markets were trading higher in early deals on Monday after cautious start. The Sensex and Nifty rebounded from losses witnessed in a special weekend session, as investors assessed the implications of the federal budget. Buying in Larsen & Toubro, Adani Ports, Asian Paints, Eternal and Power Grid Corp companies’ stocks helped the markets to trade higher. Falling crude oil prices supported domestic sentiments.  There was some encouragement in markets as Commerce Secretary Rajesh Agrawal has said that the Budget for 2026-27 has announced a series of measures and provides strong systemic support to India’s export ecosystem by focusing on areas such as manufacturing, logistics and trade facilitation. 

On the global front, Asian markets were trading in red following the negative cues from US markets on Friday, amid renewed concerns about inflation after a report showed that US producer prices increased by much more than expected in December. Back home, on the BSE sectoral front, traders were seen piling up position in Realty, Power, Industrials, Utilities and Energy, while selling was witnessed in Telecom, IT down, Healthcare, TECK and FMCG. 

The BSE Sensex is currently trading at 81050.27, up by 327.33 points or 0.41% after trading in a range of 80480.61 and 81140.34. There were 19 stocks advancing against 11 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 0.81%, Power up by 0.57%, Industrials up by 0.51%, Utilities up by 0.46% and Energy up by 0.42%, while Telecom down by 0.71%, IT down by 0.60%, Healthcare down by 0.47%, TECK down by 0.43%, FMCG down by 0.29% were the top losing indices on BSE.

The top gainers on the Sensex were Larsen & Toubro up by 3.13%, Adani Ports up by 2.33%, Asian Paints up by 2.31%, Eternal up by 1.58% and Power Grid up by 1.41%. On the flip side, Trent down by 1.46%, Infosys down by 1.45%, ITC down by 1.23%, Titan down by 1.12% and Hindustan Unilever down by 0.87% were the top losers.

Meanwhile, Commerce Secretary Rajesh Agrawal has said that the Budget for 2026-27 has announced a series of measures and provides strong systemic support to India’s export ecosystem by focusing on areas such as manufacturing, logistics and trade facilitation. 

He said that there are measures for labour-intensive as well as high-tech sectors. He said the focus on logistics and trade facilitation help cut compliance burden for exporters and improve India's share in global trade. Announcements with regard to electronics, IT, pharma, marine, leather, textiles and semi-conductor will further give a boost to the country's exports.  

Meanwhile, the commerce ministry said the revival of 200 legacy industrial clusters through infrastructure and technology upgradation will help lower costs, improve productivity, and make traditional export hubs more competitive. It said that Reforms in Special Economic Zones (SEZ) are designed to enhance capacity utilisation, economies of scale, and overall resilience of the SEZ ecosystem while maintaining export orientation. It noted that one-time facilitation for limited Domestic Tariff Area sales at concessional duties and extended tax incentives for cloud and data-centre operations are expected to attract global manufacturers and technology players to SEZs. 

The CNX Nifty is currently trading at 24888.70, up by 63.25 points or 0.25% after trading in a range of 24726.85 and 24918.55. There were 29 stocks advancing against 21 stocks declining on the index.

The top gainers on Nifty were Larsen & Toubro up by 3.04%, Asian Paints up by 2.32%, Adani Ports up by 2.15%, Tata MotorsPassenger up by 1.80% and Tata Consumer up by 1.60%. On the flip side, Shriram Finance down by 3.23%, Max Healthcare Inst down by 2.07%, ITC down by 1.37%, Cipla down by 1.25% and Bajaj Auto down by 1.25% were the top losers.

All Asian markets are trading lower; Nikkei 225 slipped 377.85 points or 0.71% to 52,945.00, Taiwan Weighted lost 677.02 points or 2.11% to 31,386.73, Jakarta Composite plunged 457.71 points or 5.49% to 7,871.90, Shanghai Composite weakened 54.41 points or 1.32% to 4,063.54, KOSPI dropped 222.04 points or 4.25% to 5,002.32, Hang Seng declined 656.11 points or 2.45% to 26,731.00 and Straits Times fell 16.4 points or 0.33% to 4,888.73.