Indian equity markets relinquished some gains in late afternoon session as traders took a cautious stance amid continuous foreign capital outflows. On Tuesday, the foreign institution investors were the net seller, offloading equities worth Rs 8,009.56 crore. However, markets continued to trade higher as US President Donald Trump’s comments raised optimism about ending the West Asia conflict. Trump has claimed that talks with Iran were making significant progress. Besides, Brent crude oil prices have cooled off to trade below $100 per barrel mark, keeping market sentiments upbeat.

On the global front, all Asian and European equity markets were trading higher after Trump said the U.S. and Iran were ‘in negotiations right now’ and they ‘want to make a deal so badly’.

The BSE Sensex is currently trading at 75384.42, up by 1315.97 points or 1.78% after trading in a range of 74550.47 and 75849.76. There were 27 stocks advancing against 3 stocks declining on the index.

The top gaining sectoral indices on the BSE were Consumer Durables up by 3.30%, Basic Materials up by 2.87%, Industrials up by 2.63%, Metal up by 2.50%, Realty up by 2.44%. Meanwhile, there were no losers on BSE sectoral front.

The top gainers on the Sensex were Ultratech Cement up by 4.00%, Bajaj Finance up by 3.86%, Larsen & Toubro up by 3.54%, Trent up by 3.52% and Titan Company up by 3.47%. On the flip side, Tech Mahindra down by 1.21%, Power Grid Corporation down by 1.10% and TCS down by 0.41% were the top losers.

Meanwhile, Ministry of Commerce & Industry has said that India’s exports continue to display resilience, maintaining a steady growth trend in the current fiscal year as well as over the longer term (FY 2021-25), despite headwinds like persistent global uncertainty, supply chain disruptions, and volatile commodity prices. 

The country witnessed 5.26% growth in exports of merchandise and services from $679.02 billion in FY 2024-25 (April-January) to $714.73 billion in April-January of FY 2025-26. Ministry also highlighted various initiatives being undertaken by the government to boost exports and expand the country’s global footprint, such as the Foreign Trade Policy (FTP) 2023, the Remission of Duties and Taxes on Exported Products (RoDTEP). 

Besides, it noted that the Government has recently notified a time-limited ‘RELIEF’ Scheme, an intervention under the Export Promotion Mission, to be implemented through the Export Credit Guarantee Corporation of India (ECGC), is operationalised to address elevated export risks arising from geopolitical disruptions in the Gulf and West Asia maritime corridor.

The CNX Nifty is currently trading at 23337.60, up by 425.20 points or 1.86% after trading in a range of 23063.20 and 23465.35. There were 47 stocks advancing against 3 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 5.98%, Grasim Industries up by 4.38%, Bajaj Finance up by 4.01%, Adani Enterprises up by 3.95% and Ultratech Cement up by 3.95%. On the flip side, Tech Mahindra down by 1.17%, Power Grid Corporation down by 1.15% and TCS down by 0.37% were the top losers.

All Asian equity markets were trading higher; Nikkei 225 surged 1451.72 points or 2.7% to 53,704.00, Taiwan Weighted added 826.87 points or 2.47% to 33,439.11, Hang Seng advanced 231.29 points or 0.91% to 25,295.00, KOSPI increased 88.29 points or 1.56% to 5,642.21, Straits Times rose 44.11 points or 0.9% to 4,906.54, Shanghai Composite strengthened 50.56 points or 1.29% to 3,931.84 and Jakarta Composite gained 147.94 points or 2.04% to 7,254.78.

All European equity markets were trading higher; UK’s FTSE 100 increased 97.37 points or 0.97% to 10,062.53, France’s CAC rose 112.28 points or 1.43% to 7,856.20 and Germany’s DAX gained 359.99 points or 1.57% to 22,996.90.