Indian equity benchmarks made an optimistic start of the new week as easing concerns over the West Asia conflict lifted investors’ sentiment. Sensex and Nifty were trading firm in early deals with gains of around 0.40% each on account of value buying in index heavyweight stocks such as Reliance Industries. Some support came as Commerce and Industry Minister Piyush Goyal said India’s merchandise exports rose by about 15 per cent during April-June 14 this year despite global economic uncertainties. Traders took note of report that US Trade Representative Jamieson Greer and Commerce and Industry Minister Piyush Goyal will hold two-day talks this week on the first phase of the bilateral trade agreement. In stock specific development, Reliance Industries remained on buyer’s radar after its 49th AGM. Mukesh Ambani said that the company aims to more than double its Ebitda again in the next five years.
On the global front, Asian markets were trading mixed after Iranian negotiators said progress had been made in peace talks with the US. Officials from Qatar and Pakistan also released a statement saying the first session of talks had concluded and that progress had been made on a roadmap to reach a final deal within 60 days. Meanwhile, Trump threatened to strike at Iran again if Tehran doesn’t stop ‘proxies’ in Lebanon from causing trouble.
The BSE Sensex is currently trading at 77129.92, up by 327.02 points or 0.43% after trading in a range of 77008.02 and 77249.27. There were 18 stocks advancing against 12 stocks declining on the index.
The top gaining sectoral indices on the BSE were Energy up by 1.02%, IT up by 0.97%, Oil & Gas up by 0.74%, TECK up by 0.67% and Telecom up by 0.60%, while Consumer Durables down by 0.44%, Power down by 0.26%, Healthcare down by 0.01% and Metal down by 0.01% were the few losing indices on BSE.
The top gainers on the Sensex were Reliance Industries up by 2.11%, Tech Mahindra up by 1.30%, Infosys up by 1.19%, HCL Technologies up by 1.08% and Bajaj Finance up by 0.87%. On the flip side, Interglobe Aviation down by 0.81%, Titan Company down by 0.76%, Adani Ports & SEZ down by 0.69%, Ultratech Cement down by 0.33% and Asian Paints down by 0.32% were the top losers.
Meanwhile, with an aim to deepen economic ties and strengthen bilateral trade, Commerce and Industry Minister Piyush Goyal has stated that India and the 27-member European Union (EU) are likely to sign a Free Trade Agreement (FTA) by December 2026, with implementation likely between February and March 2027. On January 27, 2026, India and the EU announced the successful conclusion of negotiations for the 'mother of all deals'.
About the agreement, Goyal said that ‘with almost zero duty, nearly the entire European market will be open to India.’ He also noted that Jamieson Greer, the United States Trade Representative, is scheduled to visit India for discussions on a potential trade pact. Emphasizing India's growing global importance, he highlighted that ‘the whole world is looking towards India.’
Under the India-EU FTA, around 93% of Indian exports are likely to receive duty-free access to the EU market, significantly enhancing trade opportunities for Indian businesses. At the same time, imports of luxury cars and wines from the EU are likely to become more affordable in India. Collectively, India and the EU account for 25% of the global GDP and one-third (about $11 trillion) of international trade (about $33 trillion).
The CNX Nifty is currently trading at 24108.75, up by 95.65 points or 0.40% after trading in a range of 24073.15 and 24142.50. There were 32 stocks advancing against 18 stocks declining on the index.
The top gainers on Nifty were Cipla up by 2.49%, Reliance Industries up by 2.18%, Tech Mahindra up by 1.41%, Infosys up by 1.19% and Tata Motors Passenger Vehicles up by 1.17%. On the flip side, Max Healthcare down by 1.50%, Adani Enterprises down by 1.03%, Interglobe Aviation down by 0.83%, Adani Ports & SEZ down by 0.74% and Titan Company down by 0.71% were the top losers.
Asian markets were trading mixed; Nikkei 225 surged 1476.94 points or 2.07% to 72,727.00, Taiwan Weighted jumped 1304.5 points or 2.81% to 47,769.70, KOSPI rose 42.15 points or 0.47% to 9,094.57 and Shanghai Composite was up by 7.53 points or 0.18% to 4,098.01. On the other hand, Hang Seng declined 209.81 points or 0.88% to 23,715.00, Jakarta Composite fell 96.11 points or 1.56% to 6,081.03 and Straits Times was down by 9.17 points or 0.18% to 5,183.53.
