Indian equity benchmarks maintained their gaining momentum in late morning session, helped by foreign fund inflows, better-than-expected Q2 results and a sustained moderation in crude oil prices. Foreign Institutional Investors (FIIs) bought equities worth Rs 7,212.22 crore on Monday, according to exchange data. Traders took encouragement with Federation of Indian Export Organisations (FIEO) said Union Commerce and Industry Minister Piyush Goyal’s upcoming visit to Egypt, accompanied by a high-level business delegation, is expected to boost bilateral trade and investment ties while creating wider regional opportunities for Indian businesses. On the global front, Asian markets are trading mostly in green despite hotter-than-expected US inflation data led to renewed concerns about the outlook for interest rates.
The BSE Sensex is currently trading at 82339.37, up by 1232.72 points or 1.52% after trading in a range of 81969.91 and 82520.40. There were 28 stocks advancing against 2 stocks declining on the index.
The top gaining sectoral indices on the BSE were Bankex up by 2.51%, PSU up by 2.04%, Auto up by 1.88%, Telecom up by 1.81% and Industrials up by 1.73%, while Healthcare down by 0.35% was the lone losing index on BSE.
The top gainers on the Sensex were Interglobe Aviation up by 4.89%, Mahindra & Mahindra up by 4.29%, Trent up by 3.32%, State Bank of India up by 2.41% and Axis Bank up by 2.22%. On the flip side, Sun Pharma down by 0.52% and Titan Company down by 0.14% were the only losers.
Meanwhile, as part of efforts to deepen their strategic partnership, India and France have discussed supply chain vulnerabilities, critical technologies, cyber security and safeguarding strategic supplies during Foreign Secretary Vikram Misri's visit to Paris.
The Ministry of External Affairs said ‘Both sides noted that the dialogue complemented the Innovation Roadmap 2030, India-France Year of Innovation, the existing Economic and Financial Dialogue and the objective of doubling bilateral trade in the next five years. They agreed to work on the priorities identified during the dialogue.’
India-France bilateral trade has more than doubled over the past decade, reaching 13.6 billion euros (approximately $15 billion) in 2025-26. France is India's third-largest trading partner in the European Union, after the Netherlands and Germany.
The CNX Nifty is currently trading at 25369.10, up by 324.45 points or 1.30% after trading in a range of 25263.80 and 25424.35. There were 44 stocks advancing against 6 stocks declining on the index.
The top gainers on Nifty were Interglobe Aviation up by 4.83%, Mahindra & Mahindra up by 3.92%, Trent up by 2.86%, State Bank of India up by 2.81% and Axis Bank up by 2.53%. On the flip side, Dr. Reddy's Labs. down by 0.64%, Apollo Hospital down by 0.51%, Sun Pharma down by 0.45%, Titan Company down by 0.44% and TCS down by 0.18% were the top losers.
Asian markets are trading mostly in green, Nikkei 225 surged 805.42 points or 1.33% to 61,265.00, Taiwan Weighted added 1307.2 points or 3.06% to 44,019.12, Shanghai Composite strengthened 7.46 points or 0.2% to 3,671.18 and KOSPI increased 125.13 points or 2.39% to 5,364.26.
On the flip side, Straits Times fell 6.63 points or 0.12% to 5,307.16, Hang Seng declined 219.04 points or 0.89% to 24,338.00 and Jakarta Composite plunged 11.41 points or 0.22% to 5,114.32.