Indian markets continued to trade in green in early afternoon session as US Supreme Court ruled against US President Donald Trump's reciprocal tariffs. Traders took note of Commerce and Industry Minister Piyush Goyal’s statement that India is working to expand the preferential trade agreement (PTA) with the Latin American trade bloc - Mercosur to improve market access, to grow investments on both sides, to have technology partnerships, and to engage in sports, education, culture. Meanwhile, India and the US have decided to reschedule the proposed meeting of their chief negotiators, supposed to be held in Washington later in a day, to finalise the text for the interim trade pact. On the global front, Asian markets were trading in green as U.S. Supreme Court striking down most of US President Donald Trump's global tariffs saying the International Emergency Economic Powers Act, or IEEPA, does not authorize the president to impose tariffs. 

The BSE Sensex is currently trading at 83114.80, up by 300.09 points or 0.36% after trading in a range of 82906.83 and 83486.15. There were 19 stocks advancing against 12 stocks declining on the index.

The top gaining sectoral indices on the BSE were Auto up by 0.46%, Power up by 0.41%, Utilities up by 0.36%, Healthcare up by 0.35%, FMCG up by 0.31% while, IT down by 1.32%, TECK down by 0.75%, Realty down by 0.74%, Metal down by 0.54% and Bankex was down by 0.47% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports up by 2.59%, Kotak Mahindra Bank up by 2.11%, Power Grid up by 1.29%, Axis Bank up by 1.20% and Mahindra & Mahindra up by 1.05%. On the flip side, Infosys down by 2.01%, Eternal down by 1.13%, Bharat Electronics down by 0.82%, Trent down by 0.78% and Tech Mahindra down by 0.74% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that India is working to expand the preferential trade agreement (PTA) with the Latin American trade bloc - Mercosur to improve market access, to grow investments on both sides, to have technology partnerships, and to engage in sports, education, culture. Mercosur is a trade bloc comprising Brazil, Argentina, Uruguay, and Paraguay. Both sides have been looking to expand the scope of the PTA, which came into effect on June 1, 2009, as it has limited coverage and contains only 450 tariff lines or products.

Goyal noted that the bilateral trade between India and Brazil is growing but it is ‘sub-optimal’. He pointed that both parties have to be significantly more ambitious, as Brazil is India's largest trading partner in Latin America and the Caribbean region and their bilateral engagement has continued to deepen in several areas, such as defense, energy, agri, agrochemicals. Further, both nations are expanding cooperation in health and pharma, energy, including renewable energy, critical minerals, and aviation. He has invited Brazilian businesses to explore investment opportunities in India. The bilateral trade between India and Brazil has grown by 25% to over $15 billion in 2025.

He highlighted that Brazil is rich with natural resources, minerals like niobium, lithium and iron ore that are vital for shaping the future of technology and global energy transition. Further, Brazil's aerospace, automotive and digital technology industries are rapidly evolving, offering abundant opportunities for collaboration. He pointed that collectively these factors make Brazil India’s strategic partner in global supply chains. He emphasized that the both counties have the potential to reshape global supply or value chains with resources innovation and a forward-looking vision. Besides, both countries have set an annual bilateral trade target of $20 billion in the next five years and signed a pact for cooperation in the area of critical minerals following wide-ranging talks between Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva.

The CNX Nifty is currently trading at 25651.90, up by 80.65 points or 0.32% after trading in a range of 25626.50 and 25771.45. There were 32 stocks advancing against 18 stocks declining on the index, while 1 stock remained unchanged. 

The top gainers on Nifty were Adani Ports &Special up by 2.50%, HDFC Life Insurance up by 2.22%, Kotak Mahindra Bank up by 2.10%, Tata Consumer up by 1.67% and SBI Life up by 1.51%. On the flip side, Wipro down by 2.27%, Hindalco down by 2.22%, ONGC down by 2.15%, Infosys down by 2.02% and Eternal down by 1.30% were the top losers.

Asian markets were trading in green; Hang Seng advanced 672.65 points or 2.55% to 27,086.00, Taiwan Weighted added 167.55 points or 0.5% to 33,773.26, Jakarta Composite gained 119.08 points or 1.44% to 8,390.85, KOSPI increased 37.56 points or 0.64% to 5,846.09 and Straits Times was up by 8.57 points or 0.17% to 5,026.17.