Indian markets trimmed some of their gains in early afternoon session but remained in green tracing positive cues from other Asian markets. Sentiments were positive as US President Donald Trump signalled that the conflict between the US, Israel and Iran could be approaching its conclusion. Besides, traders took note of Union Minister of State for Commerce and Industry and Electronics and Information Technology, Jitin Prasada’s statement that recent Free Trade Agreements (FTAs) with regions including the European Union, the United Kingdom, Australia, New Zealand and other major markets give Micro, Small and Medium Enterprises (MSMEs) access to major developed markets. On the global front, all Asian markets were trading higher as China's exports registered a double-digit growth during January to February period despite the fall in shipments to the United States. Exports surged 21.8 percent from the prior year, faster than the 6.6 percent rise in December. 

The BSE Sensex is currently trading at 77900.91, up by 334.75 points or 0.43% after trading in a range of 77745.47 and 78526.25. There were 21 stocks advancing against 9 stocks declining on the index.

The top gaining sectoral indices on the BSE were Consumer Durables up by 1.89%, Auto up by 1.71%, Consumer discretionary up by 1.28%, Realty up by 1.27% and Power was up by 1.26%, while IT down by 1.00%, TECK down by 1.00%, Energy down by 0.27% and Oil & Gas was down by 0.25% were the few losing indices on BSE.

The top gainers on the Sensex were Interglobe Aviation up by 3.25%, ICICI Bank up by 2.05%, Mahindra & Mahindra up by 2.01%, Asian Paints up by 1.93% and Ultratech Cement up by 1.88%. On the flip side, Infosys down by 1.98%, TCS down by 1.10%, Reliance Industries down by 1.10%, Tech Mahindra down by 1.08% and Bharti Airtel down by 0.89% were the top losers.

Meanwhile, the Fertiliser Association of India (FAI) has assured that there are adequate stockpiles of fertiliser in the country to meet the demands of the upcoming kharif season. The country’s total fertiliser reserves stood at 177.31 lakh tonnes as of March 6, 2026, up 36.5% from 129.85 lakh tonnes a year earlier. Despite the adequate inventory, FAI has pointed out that a 40% curtailment in gas supply and ongoing geopolitical tensions in West Asia have raised concerns over domestic urea production and the cost of imports. India faces up to 40% cuts in LNG supply to urea producers due to Qatar's production pause amid the conflict. The stocks of urea, the most consumed fertiliser and one heavily dependent on natural gas as feedstock, stood at 59.30 lakh tonnes as of March 6, 2026. Diammonium phosphate (DAP) inventories were at 25.13 lakh tonnes, while NPKS fertiliser reserves reached 55.87 lakh tonnes during the same period.

FAI Director General Chaudhari Suresh Kumar said that industry expects the government to prioritise gas allocation to the fertiliser sector. To ensure consistent supply, he added that the fertiliser companies are already adapting with the situation and they are shutting down one plant while keeping others running to manage operations within the constraints of reduced gas availability. Further, he said the companies have agreed to preponement scheduled plant shutdowns to March so that firms can utilise the period of global disruption without affecting peak-season output. Normally, the summer months of March to May are used for routine maintenance, energy efficiency work and repairs due to flat demand.

Moreover, he said government is in discussions with countries including China to boost supplies of DAP, urea and water-soluble fertilisers. The country has already imported 98 lakh tonnes of finished fertilisers up to February 2026, with a further 17 lakh tonnes of shipments lined up for delivery over the next three months. Besides, the Indian fertiliser companies have secured long-term supply agreements with major international producers for phosphatic and potassic (P&K) fertilisers to guard against regional pricing and supply volatility.

The CNX Nifty is currently trading at 24152.00, up by 123.95 points or 0.52% after trading in a range of 24079.95 and 24303.80. There were 34 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 6.18%, Interglobe Aviation up by 3.19%, Dr. Reddy's Lab up by 2.60%, SBI Life Insurance up by 2.39% and Tata Motors Passenger up by 2.26%. On the flip side, Infosys down by 2.05%, TCS down by 1.17%, Reliance Industries down by 1.12%, Tech Mahindra down by 1.12% and Bharti Airtel down by 0.96% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 1457.28 points or 2.69% to 54,186.00, Taiwan Weighted added 661.45 points or 2.02% to 32,771.87, Hang Seng advanced 479.54 points or 1.89% to 25,888.00, KOSPI increased 280.72 points or 5.07% to 5,532.59, Straits Times rose 89.08 points or 1.87% to 4,845.69, Jakarta Composite gained 84.16 points or 1.15% to 7,421.53 and Shanghai Composite was up by 26.54 points or 0.65% to 4,123.14.