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Markets come off day's highs in late morning deals

Asian markets were trading in green

Indian equity markets pared some gains but continued to trade in green in late morning deals on account of buying by funds and retail investors. Positive cues from the global markets supported domestic sentiments. The sentiments were further supported by Indian rupee appreciating 19 paise to 90.75 against the dollar at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks. Some support also came in as Commerce and Industry Minister Piyush Goyal said that India is working to expand the preferential trade agreement with South-American nation bloc Mercosur to further promote trade and investment between the two regions. On the BSE sectoral front, traders were seen piling up positions in Auto, Healthcare, Power, Utilities and PSU, while selling was witnessed in IT, TECK, Basic Materials, Metal and Realty.

On the global front, Asian markets were trading in green following positive cues from the US markets on Friday. Back home, in the stock specific development, Mini Diamonds (India) surged on securing domestic order worth Rs 12 crore. 

The BSE Sensex is currently trading at 83130.13, up by 315.42 points or 0.38% after trading in a range of 82906.83 and 83486.15. There were 17 stocks advancing against 14 stocks declining on the index.

The top gaining sectoral indices on the BSE were Auto up by 0.50%, Healthcare up by 0.41%, Power up by 0.36%, Utilities up by 0.35% and PSU up by 0.18%, while IT down by 1.55%, TECK down by 1.01%, Basic Materials down by 0.58%, Metal down by 0.56% and Realty down by 0.35% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports up by 2.48%, Kotak Mahindra Bank up by 2.08%, Axis Bank up by 2.01%, HDFC Bank up by 1.10% and Power Grid up by 1.04%. On the flip side, Infosys down by 2.31%, Kwality Walls (India) down by 1.68%, Tech Mahindra down by 1.25%, HCL Technologies down by 0.94% and Tata Steel down by 0.82% were the top losers.

Meanwhile, the Ministry of Commerce & Industry in its latest data has showed that the output of eight key infrastructure sectors slowed down to 4 per cent in January 2026 as compared to 5.1 per cent in the same month last year. The performance of these eight core industries was 4.7 per cent in the preceding month. During the April-January period of this fiscal, the output of these sectors grew by 2.8 per cent against 4.5 per cent recorded in the same period last fiscal.  

Steel production having 17.92 per cent weight increased by 9.9 per cent in January, 2026 over January, 2025 and its cumulative index increased by 9.8 per cent during April to January, 2025-26 over corresponding period of the previous year. Cement production having 5.37 per cent weight increased by 10.7 per cent in January, 2026 over January, 2025 and its cumulative index increased by 9.1 per cent during April to January, 2025-26 over corresponding period of the previous year. Fertilizer production having 2.63 per cent weight increased by 3.7 per cent in January, 2026 over January, 2025 and its cumulative index increased by 1.9 per cent during April to January, 2025-26 over corresponding period of the previous year. 

Electricity generation having 19.85 per cent weight increased by 3.8 per cent in January, 2026 over January, 2025 and its cumulative index increased by 0.8 per cent during April to January, 2025-26 over corresponding period of the previous year. Coal production having 10.33 per cent weight increased by 3.1 per cent in January, 2026 over January, 2025, while its cumulative index declined by 0.3 per cent during April to January, 2025-26 over corresponding period of the previous year.

Petroleum Refinery production having 28.04 per cent weight has remained unchanged at 147.2 (provisional) in January, 2026 as compared to the index in January, 2025, while its cumulative index increased by 0.1 per cent during April to January, 2025-26 over corresponding period of the previous year.  Natural Gas production having 6.88 per cent weight declined by 5.0 per cent in January, 2026 over January, 2025 and its cumulative index declined by 3.4 per cent during April to January, 2025-26 over corresponding period of the previous year. Crude Oil production having 8.98 per cent weight declined by 5.8 per cent in January, 2026 over January, 2025 and its cumulative index declined by 2.1 per cent during April to January, 2025-26 over corresponding period of the previous year.

The CNX Nifty is currently trading at 25662.00, up by 90.75 points or 0.35% after trading in a range of 25626.50 and 25771.45. There were 32 stocks advancing against 19 stocks declining on the index.

The top gainers on Nifty were Adani Ports up by 2.69%, Kotak Mahindra Bank up by 2.03%, Axis Bank up by 2.00%, HDFC Life up by 1.89% and SBI Life up by 1.63%. On the flip side, Wipro down by 2.41%, Infosys down by 2.39%, ONGC down by 1.88%, Hindalco down by 1.68% and Tech Mahindra down by 1.39% were the top losers.

Asian markets were trading in green; Taiwan Weighted added 167.55 points or 0.5% to 33,773.26, Jakarta Composite gained 112.28 points or 1.34% to 8,384.05, KOSPI increased 27.28 points or 0.47% to 5,835.81, Hang Seng advanced 606.65 points or 2.3% to 27,020.00 and Straits Times rose 2.84 points or 0.06% to 5,020.44.