A firm trade persisted over the Dalal Street in early afternoon session, on the back of positive cues from other Asian markets. Sentiments remained upbeat, as Union Minister of Commerce and Industry Piyush Goyal has said that India would remain among the fastest-growing large economies over the next 20-25 years, citing youthful population, demographic dividend, large domestic market and entrepreneurial drive as key drivers of sustained growth.
Both indices maintained their positive momentum, with the Nifty outperforming the Sensex. The rally was largely driven by earnings-led buying in IT counters. Market participants remained watchful of global cues, crude oil prices and ongoing corporate earnings announcements.
On the global front, Asian markets were trading mostly in green, even after Japan's industrial production declined more than initially estimated in August. Industrial production dropped 2.4 percent month-on-month in August, faster than the 0.2 percent renewed fall in July. In the initial estimate, industrial output showed a contraction of 1.7 percent.
The BSE Sensex is currently trading at 74687.31, up by 371.70 points or 0.50% after trading in a range of 74012.99 and 74778.78. There were 18 stocks advancing against 12 stocks declining on the index.
The top gaining sectoral indices on the BSE were TECK up by 2.90%, IT up by 2.84%, Telecom up by 1.62%, Metal up by 1.19% and Basic Materials up by 0.85%, while FMCG down by 0.70%, Energy down by 0.54%, Consumer Durables down by 0.35%, Bankex down by 0.28% and Healthcare down by 0.24% were the top losing indices on BSE.
The top gainers on the Sensex were Tech Mahindra up by 8.51%, Infosys up by 3.83%, TCS up by 3.82%, Mahindra & Mahindra up by 2.63% and Bharti Airtel up by 2.59%. On the flip side, Reliance Industries down by 1.20%, Kotak Mahindra Bank down by 1.02%, ITC down by 0.96%, Asian Paints down by 0.81% and Hindustan Unilever down by 0.80% were the top losers.
Meanwhile, the government data has shown that the net direct tax collection has grown 13.21% to about Rs 13.38 lakh crore so far (as on October 14, 2026) this financial year (FY27) , reaching about 50% of the full year budget target. The government has budgeted to collect Rs 26.97 lakh crore from direct taxes in the current financial year, a 15% growth over Rs 23.40 lakh crore collected in FY26.
The growth in direct tax collection between April 1 and October 14 this fiscal is driven by a robust 20% growth in corporate taxes, despite a 67% increase in refunds to non-corporate taxpayers, which include individuals, firms and HUFs.
On a gross basis, direct tax collection rose 15% to Rs 16.03 lakh crore till October 14. This included corporate tax collection of Rs 7.53 lakh crore, non-corporate tax of Rs 8.03 lakh crore and Rs 46,840 crore Securities transaction tax (STT), which swell about 52% year-on-year (YoY). Meanwhile, refund issuances to both corporate and non-corporate taxpayers soared 24% YoY to Rs 2.65 lakh crore during the period.
On net basis, corporate tax mop-up grew 20.58% to over Rs 5.99 lakh crore so far this fiscal year, while non-corporate tax rose 5.83% to about Rs 6.92 lakh crore. The budget target for STT is Rs 73,700 crore for the fiscal.
The CNX Nifty is currently trading at 23123.90, up by 126.55 points or 0.55% after trading in a range of 22913.80 and 23149.85. There were 25 stocks advancing against 24 stocks declining, while 1 stock remained unchanged on the index.
The top gainers on Nifty were Tech Mahindra up by 7.92%, TCS up by 4.31%, Infosys up by 3.81%, Bharti Airtel up by 2.73% and JSW Steel up by 2.22%. On the flip side, Interglobe Aviation down by 2.29%, BSE down by 1.97%, Max Healthcare Inst. down by 1.51%, Tata Consumer Products down by 1.19% and JIO Financial Serv. down by 1.05% were the top losers.
Asian markets were trading mostly in green; KOSPI increased 113.83 points or 2.01% to 5,668.05, Taiwan Weighted added 141.39 points or 0.3% to 47,111.26, Hang Seng advanced 93.28 points or 0.39% to 24,156.00, Nikkei 225 surged 1177.05 points or 1.79% to 65,603.00, Straits Times rose 31.2 points or 0.58% to 5,434.70 and Shanghai Composite strengthened 8.8 points or 0.24% to 3,716.28, while Jakarta Composite plunged 630.78 points or 12.05% to 5,233.00.
