Bulls were holding a tight grip over the Dalal street in early afternoon session, with both Sensex and Nifty holding gains of over a percent, with all eyes on the meeting between Donald Trump and Xi Jinping to see what course the US-Iran conflict takes. Acceleration in WPI inflation and mixed cues from other Asian markets seemed to have no impact on traders’ sentiments. India's wholesale price index (WPI) inflation accelerated further in the month of April 2026 to 8.30% as compared to 3.88% in March 2026, due to a sharp rise in the prices of crude petroleum, natural gas and mineral oils amid geopolitical conflict in West Asia affecting supply chains through the Strait of Hormuz.
On the global front, Asian markets were trading mixed, as a measure of the public assessment of the current situation of the Japanese economy weakened more-than-expected in April to the lowest level in more than four years. The survey data from the Cabinet Office showed that the current conditions index of the Economy Watchers' Survey dropped to 40.8 in April from 42.2 in March.
Back home, auto sector stocks remained in watch, as the industry body -- Society of Indian Automobile Manufacturers (SIAM) has said that the domestic passenger vehicle (PV) dispatches from companies to dealers stood at 4,37,312 units in April 2026, marking a 25.4 per cent increase compared to 3,48,847 units in April 2025.
The BSE Sensex is currently trading at 75387.19, up by 778.21 points or 1.04% after trading in a range of 74526.77 and 75495.08. There were 24 stocks advancing against 6 stocks declining on the index.
The top gaining sectoral indices on the BSE were Metal up by 1.91%, Utilities up by 1.78%, Healthcare up by 1.64%, Bankex up by 1.51% and Basic Materials up by 1.45%, while IT down by 2.67% and TECK down by 0.64% were the only losing indices on BSE.
The top gainers on the Sensex were Bharti Airtel up by 3.47%, HDFC Bank up by 2.64%, Eternal up by 2.44%, Sun Pharma up by 2.08% and Adani Ports & SEZ up by 1.87%. On the flip side, HCL Tech. down by 3.45%, Tech Mahindra down by 3.35%, Infosys down by 2.80%, TCS down by 2.52% and Hindustan Unilever down by 0.41% were the top losers.
Meanwhile, with an aim of boosting bilateral ties, India and Chile have reviewed the progress of negotiations for the proposed free trade agreement and discussed modalities for its early conclusion. While the discussions were focused on early conclusion of Comprehensive Economic Partnership Agreement (CEPA), they also covered a broad range of issues relating to trade facilitation, market access, investment promotion and strengthening institutional economic engagement between the two countries.
Besides, they deliberated upon ways to enhance collaboration in sectors such as critical minerals, renewable energy, agri-business, infrastructure, pharmaceuticals, digital services, logistics and advanced manufacturing. Both countries are negotiating to widen the scope of the preferential trade agreement (PTA) executed in 2006. The CEPA aims to build upon the existing PTA and seeks to encompass a broader range of sectors, including digital services, investment promotion and cooperation, MSMEs (micro, small, and medium enterprises), and critical minerals.
Further, both sides emphasized the strong complementarities between the Indian and Chilean economies and underscored the importance of resilient supply chains, sustainable development and greater private-sector participation in advancing bilateral economic cooperation. In 2024-25, Indian exports to Chile declined 2.46% to just $1.15 billion, while imports, grew 72% to $2.60 billion.
The CNX Nifty is currently trading at 23677.35, up by 264.75 points or 1.13% after trading in a range of 23426.55 and 23708.30. There were 39 stocks advancing against 11 stocks declining on the index.
The top gainers on Nifty were Adani Enterprises up by 6.83%, Cipla up by 6.21%, Bharti Airtel up by 3.40%, Dr. Reddy's Lab up by 2.71% and HDFC Bank up by 2.65%. On the flip side, HCL Tech. down by 3.45%, Tech Mahindra down by 3.33%, Infosys down by 2.80%, TCS down by 2.54% and Nestle down by 0.57% were the top losers.
Asian markets were trading mixed; KOSPI increased 137.40 points or 1.72% to 7,981.41, Hang Seng advanced 60.56 points or 0.23% to 26,449.00 and Taiwan Weighted added 377.25 points or 0.9% to 41,751.75, while Shanghai Composite weakened 64.65 points or 1.55% to 4,177.92, Nikkei 225 slipped 374.11 points or 0.59% to 62,898.00 and Straits Times fell 15.37 points or 0.31% to 4,988.59.
