Indian equity benchmarks trimmed most of their gains in early afternoon deals, however managed to keep their heads above water, as Qatar renewed efforts to bring the U.S. and Iran back for peace talks. Both the Sensex and Nifty were trading higher amid gains in IT stocks, supported by positive global technology cues following Nvidia’s strong results. However, volatility remained elevated after Thursday’s sharp expiry-related swings, while investors were also monitoring global cues, oil prices and the US Fed’s policy signals.
On the global front, Asian markets are trading mostly in green, after the unemployment rate in Japan came in at a seasonally adjusted 2.4 percent in July. That was below expectations for 2.5 percent, which would have been unchanged.
The BSE Sensex is currently trading at 77094.73, up by 161.14 points or 0.21% after trading in a range of 76988.22 and 77357.97. There were 15 stocks advancing against 15 stocks declining on the index.
The top gaining sectoral indices on the BSE were IT up by 3.01%, TECK up by 1.78%, Bankex up by 0.86%, Telecom up by 0.33% and Healthcare up by 0.32%, while Auto down by 0.45%, Realty down by 0.44%, Utilities down by 0.41%, Power down by 0.39% and Basic Materials down by 0.34% were the top losing indices on BSE.
The top gainers on the Sensex were TCS up by 3.60%, Infosys up by 3.01%, HCL Technologies up by 2.87%, Tech Mahindra up by 2.44% and Eternal up by 1.22%. On the flip side, ICICI Bank down by 1.24%, Asian Paints down by 1.18%, Ultratech Cement down by 1.09%, Tata Steel down by 0.94% and Bajaj Finserv down by 0.79% were the top losers.
Meanwhile, during Canada visit, the Indian Finance Minister Nirmala Sitharaman has invited Canadian businesses and investors to invest in India and suggested to consider the country as a partner and platform for global growth and to build long-term operations and partnerships that serve India and wider global markets. She added that India is rapidly becoming a platform for global manufacturing, innovation, and exports, while reforms, digitalisation, infrastructure investment and targeted policy support were steadily strengthening the environment for long-term investment in the country.
Further, she highlighted opportunities for Canadian companies in financial services and the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC), which can serve as a platform for India and regional strategies. She emphasized that India’s reform-led transformation and strong growth trajectory have opened opportunities to build a more resilient, investment-led India-Canada economic partnership. As India advances towards Viksit Bharat 2047, she called for deeper economic integration, combining Canadian capital, technology and expertise with India’s scale, talent and industrial capabilities.
Moreover, she underlined the potential of India’s Digital Public Infrastructure (DPI) as an avenue for technology, innovation and next-generation services. She also highlighted the strong complementarity between India and Canada in clean-energy and critical-mineral value chains, particularly as both countries work towards more resilient and diversified global supply chains. The bilateral trade in goods and services both countries stood at around $24 billion in 2024 and the both sides are aiming take the towards $70 billion annually by 2030. Meanwhile, Sitharaman stressed that the opportunity extends well beyond trade and Canada’s capital, technology, innovation and natural resources can complement India’s scale, talent, manufacturing capabilities and rapidly expanding market.
The CNX Nifty is currently trading at 24105.60, up by 14.75 points or 0.06% after trading in a range of 24076.85 and 24188.30. There were 21 stocks advancing against 29 stocks declining on the index.
The top gainers on Nifty were TCS up by 3.78%, HCL Technologies up by 2.92%, Infosys up by 2.62%, Tech Mahindra up by 2.55% and Wipro up by 2.39%. On the flip side, Shriram Finance down by 1.23%, Asian Paints down by 1.22%, Tata Steel down by 1.22%, Bajaj Finserv down by 1.20% and ICICI Bank down by 1.17% were the top losers.
Asian markets are trading mostly in green; Jakarta Composite gained 30.16 points or 0.46% to 6,551.91, Taiwan Weighted added 356.23 points or 0.77% to 46,331.45, Hang Seng advanced 15.26 points or 0.06% to 25,581.00, Nikkei 225 surged 179.02 points or 0.27% to 66,311.00 and Straits Times rose 2.92 points or 0.05% to 5,687.04, while KOSPI dropped 123.49 points or 1.82% to 6,788.88 and Shanghai Composite weakened 4.39 points or 0.11% to 3,952.18.
