Indian markets maintained their upward momentum in early afternoon session following positive cues from other Asian markets. Sentiments were upbeat with potential India-US trade deal. Besides, hefty buying in IT sector stocks helped market to trade in green. Traders took note of report that net direct tax collection, which include personal income tax and corporate tax, recorded a 7 per cent growth year-on-year at over Rs 12.92 lakh crore till November 10 this fiscal year, on higher corporate tax mop-up and slower refunds. Sector wise, sugar stocks remained in limelight as ISMA has said that India’s sugar production is likely to rise 18.58 per cent to 30.95 million tonnes in the 2025-26 marketing year that began in October, up from 26.1 million tonnes in the previous year. On the global front, all Asian markets were trading higher amid optimism about an end to the record-setting U.S. government shutdown of 42 days and expectations of the US Fed cutting interest-rate next month. 

The BSE Sensex is currently trading at 84517.30, up by 645.98 points or 0.77% after trading in a range of 84166.75 and 84576.55. There were 23 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.37%, while Small cap index up by 0.71%.

The gaining sectoral indices on the BSE were IT up by 1.82%, TECK up by 1.61%, Telecom up by 1.11%, Energy up by 1.04% and Auto was up by 1.00%, while Power down by 0.04% was the only losing index on BSE.

The top gainers on the Sensex were Tech Mahindra up by 3.29%, TCS up by 2.22%, Adani Ports up by 1.84%, Reliance Industries up by 1.71% and HCL Tech up by 1.53%. On the flip side, Tata Steel down by 0.99%, Bharat Electronics down by 0.90%, Tata Motors Passenger down by 0.70%, Hindustan Unilever down by 0.30% and Larsen & Toubro down by 0.15% were the top losers.

Meanwhile, net direct tax collection, which include personal income tax and corporate tax, recorded a 7 per cent growth year-on-year at over Rs 12.92 lakh crore till November 10 this fiscal year, on higher corporate tax mop-up and slower refunds. It was about Rs 12.08 lakh crore in the year-ago period. During the period, refund issuances dropped 18 per cent to over Rs 2.42 lakh crore. 

Between April 1, 2025 and November 10, 2025, net corporate tax collection stood about Rs 5.37 lakh crore, up from Rs 5.08 lakh crore in the same period in 2024. Non-corporate tax, including individuals and HUFs, mop-up stood around Rs 7.19 lakh crore so far this fiscal year, up from about Rs 6.62 lakh crore in the same period last year.  

Securities Transaction Tax (STT) collection stood at Rs 35,682 crore so far this fiscal year, marginally lower than Rs 35,923 crore in the year -ago period. Gross direct tax collection, before adjusting refunds, stood at over Rs 15.35 lakh crore so far this fiscal year, a 2.15 per cent growth over the year-ago period. In the current fiscal year, the government has projected its direct tax collection at Rs 25.20 lakh crore, up 12.7 per cent year-on-year. The government aims to collect Rs 78,000 crore from STT in FY26.

The CNX Nifty is currently trading at 25893.55, up by 198.60 points or 0.77% after trading in a range of 25781.15 and 25907.85. There were 37 stocks advancing against 14 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 5.05%, Tech Mahindra up by 3.39%, TCS up by 2.30%, Adani Ports up by 1.89% and Reliance Industries up by 1.75%. On the flip side, Tata Steel down by 1.01%, Bharat Electronics down by 0.90%, Tata Motors Passenger down by 0.76%, JSW Steel down by 0.68% and Shriram Finance down by 0.50% were the top losers.

All Asian markets were trading higher; Hang Seng advanced 253.59 points or 0.95% to 26,950.00, Nikkei 225 surged 169.07 points or 0.33% to 51,012.00, Taiwan Weighted added 162.14 points or 0.58% to 27,947.09, KOSPI increased 44.00 points or 1.06% to 4,150.39, Jakarta Composite gained 33.56 points or 0.4% to 8,400.07, Straits Times rose 19.12 points or 0.42% to 4,561.32 and Shanghai Composite was up by 2.16 points or 0.05% to 4,004.92.