Domestic equity indices continued to witness solid gains and were trading higher by over one and half percent in late morning deals as market participants indulged in enlarging their positions. Falling crude oil prices and positive cues from the global markets supported domestic sentiments. Sentiments got boost as possible Washington-Tehran talks raised hopes for Mideast peace deal. A private report said that a White House official said a second round of U.S.-Iran negotiations are being considered, though no official schedule has been set. Besides, some support also came as the International Monetary Fund (IMF) said India’s economy is expected to grow a tad faster at 6.5 per cent in 2027 despite escalating tensions in West Asia.

On the global front, Asian markets were trading higher following positive cues from the US markets overnight. Back home, all the sectoral indices on the BSE were trading in green led by Industrials, Power, Capital Goods, Consumer Durables and IT.

The BSE Sensex is currently trading at 78027.23, up by 1179.66 points or 1.54% after trading in a range of 77849.52 and 78270.42. There were 28 stocks advancing against 2 stocks declining on the index.

The top gaining sectoral indices on the BSE were Industrials up by 2.86%, Power up by 2.65%, Capital Goods up by 2.47%, Consumer Durables up by 2.47% and IT up by 2.43%, while there were no losers.  

The top gainers on the Sensex were Interglobe Aviation up by 4.78%, Eternal up by 4.00%, Adani Ports up by 3.07%, Larsen & Toubro up by 3.05% and Asian Paints up by 2.96%. On the flip side, ICICI Bank down by 0.77% and Bharti Airtel down by 0.15% were the only losers.

Meanwhile, the industry body -- Society of Indian Automobile Manufacturers (SIAM) has said that the automobile wholesales in India reported the highest-ever sales in a fiscal year 2025-26 (FY26), driven by GST 2.0 reforms and multiple repo rate cuts during the year. During FY26, the automobile wholesales, including passenger and commercial vehicles, two and three-wheelers, increased 10.4% to 2,82,65,519 units as compared to 2,56,09,399 units in FY25. SIAM noted that the industry last posted its highest-ever sales in FY19.

During FY26, the wholesales of passenger vehicles grew 7.9% to 46,43,439 units as compared to 43,01,848 units in the previous year. Further, the two-wheeler wholesales in FY26 were at 2,17,05,974 units as against 1,96,07,332 units in FY25, up 10.7%. In the two-wheeler segment, the Motorcycle sales were up 6.6% year-on-year to 1,30,64,789 units in FY26, while Scooter sales rose by 18.5% year-on-year to 81,17,945 units. Besides, sales of commercial vehicles were up 12.6% at 10,79,871 units in FY26 as compared to 9,58,679 units in the previous fiscal.

The three-wheeler sales in FY26 were at 8,36,231 units as compared to 7,41,420 units in FY25, up 12.8%. In FY26, India’s total vehicle exports increased by 24% to 66,47,685 units as compared to 53,62,884 units in FY25. Going forward, the industry body expects a steady growth in FY27 supported by robust domestic demand and macroeconomic fundamentals. However, it flagged that the West Asia war, if prolongs, could have an impact of demand, supply chain and vehicle production. It added that the uncertainties arising from the West Asia conflict, particularly prices of crude oil and commodities, higher exchange rates and disruptions in shipping routes, remains a concern for the auto sector. On export front, SIAM said the outlook should remain strong, barring some of the geographies such as Mexico, where import duties have been increased, and the Middle East due to geopolitical issues. The two regions account for about 20-22% of India's passenger vehicle exports.

The CNX Nifty is currently trading at 24210.35, up by 367.70 points or 1.54% after trading in a range of 24145.80 and 24280.90. There were 46 stocks advancing against 4 stocks declining on the index.

The top gainers on Nifty were Interglobe Aviation up by 4.81%, Eternal up by 3.99%, Tata MotorsPassenger up by 3.86%, Hindalco up by 3.50% and Max Healthcare up by 3.49%. On the flip side, Dr. Reddy's Lab down by 1.34%, ICICI Bank down by 0.87%, Coal India down by 0.22% and Bharti Airtel down by 0.17% were the few losers.

All Asian markets were trading higher; Nikkei 225 surged 342.61 points or 0.59% to 58,220.00, Taiwan Weighted added 426.02 points or 1.16% to 36,722.14, Jakarta Composite gained 33.62 points or 0.44% to 7,709.57, Shanghai Composite strengthened 2.59 points or 0.06% to 4,029.22, KOSPI increased 129.50 points or 2.12% to 6,097.25, Hang Seng advanced 168.68 points or 0.65% to 26,041.00 and Straits Times rose 10.76 points or 0.21% to 5,018.33.