Indian equity markets remained in green and were trading higher by over 0.40 percent in late morning deals on account of buying by funds and retail investors. Hectic buying in Tata Motors, Trent, SBI, Ultratech Cement and Kotak Mahindra Bank companies’ stocks helped the markets to maintain their gains. Falling crude oil prices in Asian trade today, extending declines last week, supported domestic sentiments. Traders took a note of report that Commerce and Industry Minister Piyush Goyal said India is negotiating trade agreements with several countries, including the US, and stressed that many nations are keen to engage with New Delhi on the trade front. He also exuded confidence that India's exports in 2025-26 will exceed last year's figures. On the BSE sectoral front, traders were seen pilling up positions in Realty, PSU, Industrials, Capital Goods and Power, while selling was witnessed in Consumer Durables, Oil & Gas, Energy and Telecom.

On the global front, Asian markets were trading mixed as investors awaited official announcement on whether the August 12 deadline for U.S.-China tariff truce would be extended. Back home, in the stock specific development, shares of Voltas dropped after its June quarter earnings missed estimates.

The BSE Sensex is currently trading at 80200.02, up by 342.23 points or 0.43% after trading in a range of 79772.46 and 80223.82. There were 27 stocks advancing against 3 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.44%, while Small cap index up by 0.02%.

The top gaining sectoral indices on the BSE were Realty up by 0.95%, PSU up by 0.85%, Industrials up by 0.81%, Capital Goods up by 0.78% and Power up by 0.78%, while Consumer Durables down by 0.52%, Oil & Gas down by 0.21%, Energy down by 0.16% and Telecom down by 0.05% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Motors up by 2.95%, Trent up by 2.39%, SBI up by 2.29%, Ultratech Cement up by 1.34% and Kotak Mahindra Bank up by 1.30%. On the flip side, ICICI Bank down by 0.73%, Maruti Suzuki down by 0.27% and Bajaj Finserv down by 0.06% were the few losers.

Meanwhile, Countering Donald Trump's dead economy jibe, sixteenth Finance Commission Chairman Arvind Panagariya has said that the Indian economy is growing at 7% and more than that in dollar terms. Talking about India's trade protectionism, he said that there may be protectionist measures but the country is substantially open.

Recently, the US President Donald Trump had remarked that India is a dead economy. Trump said ‘I don't care what India does with Russia. They can take their dead economies down together, for all I care’. Trump later imposed 50% tariff on Indian goods imported to the US with a brief exemption list. 

Further, talking about free trade agreement between India and European Union, Panagariya suggested that the country should aggressively pursue the Free Trade Agreement with the European Union. He also emphasized a need to bring reforms in land and labour market and reducing regulations to accelerate its growth trajectory. 

The CNX Nifty is currently trading at 24470.15, up by 106.85 points or 0.44% after trading in a range of 24347.45 and 24475.20. There were 42 stocks advancing against 8 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 3.08%, Tata Motors up by 2.95%, Trent up by 2.27%, SBI up by 2.25% and Grasim Industries up by 2.11%. On the flip side, Hero MotoCorp down by 0.86%, ICICI Bank down by 0.66%, Bajaj Auto down by 0.64%, HDFC Life Insurance down by 0.52% and Maruti Suzuki down by 0.38% were the top losers.

Asian markets were trading mixed; Taiwan Weighted added 147.59 points or 0.61 to 24,168.85, Shanghai Composite strengthened 16.68 points or 0.46 to 3,651.81 and Jakarta Composite gained 56.79 points or 0.75 to 7,590.18. However, Hang Seng declined 7.82 points or 0.03 to 24,851.00, Straits Times fell 6.36 points or 0.15 to 4,233.47 and KOSPI dropped 2.47 points or 0.08 to 3,207.54.