Indian equity markets have managed to garner more gains in late afternoon session as bargain hunter picked up beaten-down stocks following recent losses faced by the markets. Sentiments also remained upbeat after foreign institutional investors (FIIs) turned net buyers on Friday. FIIs bought securities worth Rs 887.65 crore, net basis. Besides, fall in crude oil prices from their recent highs has supported the markets. The brent crude oil prices have fallen over 2% to trade at $114.37 per barrel after US President Donald Trump said ‘the US will not attack Iran’. However, there was some cautiousness in the markets amid persistent geopolitical tensions in West Asia and Europe.
On the global front, Asian equity markets were trading mostly in red ahead of US Federal Reserve's policy meeting set for Tuesday and Wednesday. European equity markets were trading higher following fall in crude oil prices.
The BSE Sensex is currently trading at 73428.72, up by 304.89 points or 0.42% after trading in a range of 72514.57 and 73498.69. There were 18 stocks advancing against 12 stocks declining on the index.
The top gaining sectoral indices on the BSE were Metal up by 1.96%, Healthcare up by 1.65%, Oil & Gas up by 1.31%, Energy up by 1.26% and Telecom up by 1.20%, while Consumer Durables down by 0.27%, FMCG down by 0.07% and Bankex down by 0.04% were the top losing indices on BSE.
The top gainers on the Sensex were Eternal up by 3.00%, Kotak Mahindra Bank up by 2.29%, Adani Ports & SEZ up by 2.06%, Trent up by 1.96% and Reliance Industries up by 1.02%. On the flip side, Bajaj Finance down by 1.05%, HDFC Bank down by 0.98%, Hindustan Unilever down by 0.87%, Power Grid down by 0.67% and Infosys down by 0.63% were the top losers.
Meanwhile, highlighting the resilience of India’s exports amid global uncertainties, Department of Commerce Secretary, Rajesh Agrawal has said that India has potential to increase its share in global merchandise exports from approximately 2% to 15-20%, stressing the need to leverage the country’s competitive advantages. He shared this perspective during a high-level Chintan Shivir meeting co-organized with the EEPC India to chart strategy for $250 billion engineering exports by 2030.
Addressing emerging challenges, including Quality Control Orders (QCOs), sustainability-related trade measures and climate-linked requirements affecting market access, Agrawal emphasized the need for ambitious export targets to drive growth and strengthen global competitiveness. He further stressed industry-wide collaboration to address common challenges and identify practical solutions, while encouraging stakeholders to adopt relevant global best practices to strengthen India’s manufacturing ecosystem and enhance engineering export potential.
Meanwhile, India’s total exports of merchandise and services grew by 14% year-on-year to $476.20 billion during April-September 2026-27. During the first six months of FY 2026-27, engineering exports crossed $70 billion, registering nearly 20% growth over the corresponding period of the previous year.
The CNX Nifty is currently trading at 22695.05, up by 95.05 points or 0.42% after trading in a range of 22387.35 and 22718.60. There were 32 stocks advancing against 18 stocks declining on the index.
The top gainers on Nifty were Dr. Reddy's Laboratories up by 7.04%, JSW Steel up by 4.38%, BSE up by 4.34%, Max Healthcare Institute up by 2.76% and Eternal up by 2.57%. On the flip side, Shriram Finance down by 4.49%, Tata Consumer Products down by 3.85%, HDFC Life Insurance down by 1.31%, Bajaj Finance down by 1.04% and Sun Pharmaceutical Industries down by 0.85% were the top losers.
Asian equity markets were trading mostly in red; Nikkei 225 slipped 237.16 points or 0.38% to 62,456.00, KOSPI dropped 80.83 points or 1.48% to 5,469.47, Straits Times fell 11.36 points or 0.21% to 5,410.80 and Jakarta Composite plunged 78.64 points or 1.47% to 5,360.62, while Hang Seng advanced 117.63 points or 0.51% to 23,211.00 and Shanghai Composite strengthened 7.04 points or 0.19% to 3,697.52.
European equity markets were trading higher; UK’s FTSE 100 increased 55.37 points or 0.52% to 10,745.73, France’s CAC rose 64.38 points or 0.83% to 7,847.20 and Germany’s DAX gained 216.55 points or 0.86% to 25,398.20.