Indian equity markets continued to witness gains and were trading higher by over 0. 35 percent in late morning deals on account of buying by funds and retail investors. Buying in Tata Steel, Eternal, Tech Mahindra, Maruti Suzuki and TCS companies’ stocks helped the markets to maintain their gains. Positive cues from the global markets supported domestic sentiments. Further, there were encouragements in the markets as Union Minister for Commerce and Industry Piyush Goyal expressed confidence that the India-US partnership will scale new heights in the coming period, particularly in the backdrop of the recently announced interim India-US trade deal. On the BSE sectoral front, traders were seen piling up positions in IT, Auto, Metal, Consumer Disc and Telecom, while selling was witnessed only in Consumer Durables and Capital Goods. 

On the global front, Asian markets were trading mostly in green following positive cues from the US markets overnight. Back home, in the stock specific development, Railtel Corporation of India surged as the company has received the Letter of Acceptance (LoA) from West Central Railway. The estimated size of order as per LoA is Rs 454.94 crore.  

The BSE Sensex is currently trading at 84393.82, up by 328.07 points or 0.39% after trading in a range of 84063.47 and 84447.37. There were 20 stocks advancing against 10 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 1.02%, Auto up by 0.92%, Metal up by 0.81%, Consumer Disc up by 0.81% and Telecom up by 0.73%, while Consumer Durables down by 0.19% and Capital Goods down by 0.18% were the only losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 3.71%, Eternal up by 2.54%, Tech Mahindra up by 2.01%, Maruti Suzuki up by 1.49% and TCS up by 1.32%. On the flip side, Bajaj Finance down by 1.96%, Adani Ports down by 0.66%, Asian Paints down by 0.65%, SBI down by 0.52% and Interglobe Aviation down by 0.35% were the top losers.

Meanwhile, in order to reduce greenhouse gas emissions and achieve the net zero target by 2070, Niti Aayog's study report on 'Scenarios Towards Viksit Bharat and Net Zero: An Overview' has said that India will need investments totalling $22.7 trillion. To meet the cumulative investment need, it stated that India will require an average of $500 billion annually. In comparison, actual annual investment of around $135 billion in 2024, of which only $70-80 billion currently supports clean energy.  

It mentioned, of the total, around $8 trillion must be front-loaded by 2050, including nearly $5 trillion in the power sector, given the capital-intensive nature of most low-carbon technologies. The Net Zero Scenario reflects an ambitious pathway aligned with India's commitment to achieve net zero GHG emissions by 2070. According to it, with aligned reforms both within the country and externally, India could credibly mobilise around $16.2 trillion towards its net zero transition by 2070 through a structural expansion in the scale, depth and efficiency of available capital.  

On the domestic front, this entails deepening the corporate bond market, enhancing the financialization of household savings, and allowing institutional investors to venture into new areas, while safeguarding returns through diversified, high-quality corporate and green assets. On the external front, boosting FDI (foreign direct investment) and FPI (foreign portfolio investment), supported by credible transition roadmaps, a strong pipeline of bankable projects and deeper financial markets, would anchor sustained foreign capital inflows.

The CNX Nifty is currently trading at 25957.85, up by 90.55 points or 0.35% after trading in a range of 25870.45 and 25978.90. There were 31 stocks advancing against 19 stocks declining on the index.

The top gainers on Nifty were Eternal up by 3.22%, Tata Steel up by 2.97%, Tech Mahindra up by 1.82%, TCS up by 1.81% and Maruti Suzuki up by 1.62%. On the flip side, Shriram Finance down by 2.04%, Bajaj Finance down by 1.61%, Adani Enterprises down by 1.45%, Adani Ports down by 1.29% and Dr. Reddy's Lab down by 1.12% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 1328.06 points or 2.36% to 57,692.00, Taiwan Weighted added 553.87 points or 1.71% to 32,958.49, Jakarta Composite gained 100.88 points or 1.26% to 8,132.75, Shanghai Composite strengthened 5.19 points or 0.13% to 4,128.28, KOSPI increased 19.19 points or 0.36% to 5,317.23 and Hang Seng advanced 138.84 points or 0.51% to 27,166.00. However, Straits Times fell 2.93 points or 0.06% to 4,957.90.