Indian equity benchmarks maintained their upbeat trend in morning session, tracking a sharp rally in global markets on hopes of a potential de-escalation in the ongoing West Asia conflict. Sentiments remained up-beat as the Reserve Bank of India (RBI) extended the enhanced export credit period of up to 450 days for pre-shipment and post-shipment finance for disbursals made till June 30, citing continued logistical disruptions due to the ongoing West Asia crisis. Some support also came as the Central Board of Indirect Taxes and Customs (CBIC) operationalised a set of comprehensive reforms to strengthen and streamline e-commerce exports and broader courier-based imports and exports, with effect from April 1. Sector-wise, Airline industry’s stocks remained in watch as global airlines' grouping IATA said with sharp rise in fuel costs as well as tight capacity and thin margins for airlines, airfares are already rising in the wake of the Middle East war. On the global front, Asian markets were trading higher after US stocks soared to their best day since last spring on renewed hopes that the Iran war could soon end.

The BSE Sensex is currently trading at 73544.27, up by 1596.72 points or 2.22% after trading in a range of 73432.64 and 73964.58. There were 28 stocks advancing against 2 stocks declining on the index.

The top gaining sectoral indices on the BSE were Capital Goods up by 3.95%, IT up by 3.94%, Industrials up by 3.93%, Metal up by 3.77% and Basic Materials up by 3.16%, while there was no loser on the BSE sectoral front. 

The top gainers on the Sensex were Interglobe Aviation up by 9.55%, Trent up by 6.24%, Bharat Electronics up by 6.20%, Adani Ports &Special up by 5.14% and TCS up by 4.18%. On the flip side, NTPC down by 0.08% and Power Grid Corporation down by 0.05% were the few losers.

Meanwhile, the Reserve Bank of India (RBI) in its latest data has showed that Indian banking sector witnessed a strong rise in industrial credit growth, rising by 13.5 per cent year-on-year (YoY) on the fortnight ending February 28, 2026, compared with 7.5 per cent in the corresponding fortnight of last year. This growth is fueled by higher growth in infrastructure, all engineering, chemicals and chemical products, petroleum, coal products and nuclear fuels and textiles. On industry, it said loans to 'micro and small' and 'medium' industries continued to exhibit double-digit expansion, while credit to large industries also registered higher growth. 

The RBI said the data is based on information collected from 41 select scheduled commercial banks (SCBs), which account for about 95 per cent of the total non-food credit by all commercial banks. It said non-food bank credit grew by 14.3 per cent YoY in the fortnight ended February 28, 2026, compared to 11.1 per cent in the corresponding period last year.  

According to the data, credit to the services sector grew 16.3 per cent YoY, compared with 11.7 per cent growth in the corresponding period of the previous year, supported by higher growth in segments such as banks' credit to 'non-banking financial companies' (NBFCs) and 'commercial real estate'. Credit to personal loans segment grew 15.2 per cent YoY, compared with 11.7 per cent a year ago. Housing continued with steady growth, while segments such as 'vehicle loans' and 'loans against gold jewellery' sustained sharp expansion. It also said credit to agriculture and allied activities saw healthy growth of 12.3 per cent YoY, compared with 11.4 per cent a year ago.  

The CNX Nifty is currently trading at 22813.80, up by 482.40 points or 2.16% after trading in a range of 22771.65 and 22941.30. There were 47 stocks advancing against 3 stocks declining on the index.

The top gainers on Nifty were Interglobe Aviation up by 9.72%, Trent up by 6.20%, Bharat Electronics up by 6.19%, Adani Enterprises up by 5.53% and Adani Ports &SEZ up by 5.28%. On the flip side, HDFC Life Insurance down by 0.97%, Apollo Hospital down by 0.47% and Cipla down by 0.09% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 2360.28 points or 4.62% to 53,424.00, Taiwan Weighted added 1378.49 points or 4.16% to 33,101.48, Jakarta Composite gained 102.47 points or 1.43% to 7,150.69, Shanghai Composite strengthened 55.16 points or 1.42% to 3,947.02, KOSPI increased 414.05 points or 7.57% to 5,466.51, Hang Seng advanced 532.86 points or 2.1% to 25,321.00 and Straits Times rose 89.41 points or 1.83% to 4,974.86.