Domestic equity indices magnified their gains and were trading higher by over 0.75 percent in late morning deals as market participants indulged in enlarging their positions. Falling crude oil prices and positive cues from the other Asian markets also supported domestic sentiments. Traders were getting encouragement as the United Nations in its latest report said that India's economy is projected to grow at 6.4 per cent this year and 6.6 per cent in 2027. It stated that economies in South and South-West Asia grew by 5.4 per cent in 2025, compared to 5.2 per cent in 2024, driven largely by strong growth in India. All the sectoral indices on the BSE were trading in green led by Realty, Telecom, Bankex, Consumer Disc and Industrials.

On the global front, Asian markets were trading mostly in green, amid hopes for a resolution to the Middle East conflict, even as tensions between Iran and the U.S. continue to simmer. Back home, in the stock specific development, RailTel Corporation of India rose on bagging Letter of Acceptance (LoA) worth Rs 86.36 crore from Municipal Corporation of Greater Mumbai. 

The BSE Sensex is currently trading at 79189.98, up by 669.68 points or 0.85% after trading in a range of 78522.96 and 79234.20. There were 29 stocks advancing against 1 stock declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 2.98%, Telecom up by 1.50%, Bankex up by 1.31%, Consumer Disc up by 1.01% and Industrials up by 0.94%, while there were no losers. 

The top gainers on the Sensex were Asian Paints up by 2.26%, Adani Ports up by 2.06%, ICICI Bank up by 1.83%, Trent up by 1.57% and Hindustan Unilever up by 1.54%. On the flip side, Bharat Electronics down by 0.36% was the only loser.

Meanwhile, the Reserve Bank of India (RBI) Governor Sanjay Malhotra has said that India is deeply affected by the current turmoil in West Asia, as the region accounts for approximately one-sixth of the country's exports, half of its crude oil imports, and nearly two-fifths of the inward remittances. According to him, India’s economy has sustained resilient growth over the past decade, supported by robust policy frameworks, financial stability, and sound fiscal policies.

He noted that India is increasing its domestic oil and gas production in response to the ongoing crisis. He said ‘Sources of imports are being diversified. While there is no shortage of oil, given the reserves maintained by us, there is some rationing of gas for industrial purposes.’

He underlined that while oil marketing companies and the government have absorbed some of the price pressures in oil, a portion of gas price increases has been passed on to consumers. Besides, he highlighted that India has recorded an average annual growth of 6.1% over the past decade, compared to the global economy's growth rate of 3.2%. Conversely, India’s closest peer economies, including China and Indonesia, posted growth rates of 5.6% and 4.2%, respectively.

The CNX Nifty is currently trading at 24549.25, up by 184.40 points or 0.76% after trading in a range of 24354.90 and 24561.50. There were 46 stocks advancing against 4 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 2.25%, Adani Ports up by 2.00%, ICICI Bank up by 1.78%, Hindustan Unilever up by 1.73% and Trent up by 1.58%. On the flip side, SBI Life down by 3.55%, JIO Financial down by 0.92%, Dr. Reddy's Lab down by 0.83% and Bharat Electronics down by 0.31% were the few losers.

Asian markets were trading mostly in green; Nikkei 225 surged 691.11 points or 1.17% to 59,516.00, Taiwan Weighted added 801 points or 2.17% to 37,759.80, KOSPI increased 151.23 points or 2.43% to 6,370.32, Hang Seng advanced 165.93 points or 0.63% to 26,527.00 and Straits Times rose 10.13 points or 0.2% to 5,014.20. However, Jakarta Composite plunged 44.7 points or 0.59% to 7,549.41 and Shanghai Composite weakened 3.61 points or 0.09% to 4,078.52.