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Indices continue to witness gains in late morning deals
Jan-28-2026

Domestic equity indices continued to witness gains and were trading higher by over half percent in late morning deals owing to buying by funds and retail investors. Sentiments were buoyed by the India–EU free trade agreement, seen as a medium-term boost for export-focused sectors and supply-chain diversification. Meanwhile, US Trade Representative Jamieson Greer said India has emerged as the clear winner of its free trade agreement with the European Union and is set to enjoy a heyday from the pact. On the BSE sectoral front, traders were seen piling up positions in Oil & Gas, Energy, Capital Goods, Power and PSU, while selling was witnessed in Consumer Durables, FMCG, Auto, Healthcare and TECK.

On the global front, Asian markets were trading mixed as traders remained on sidelines ahead of the monetary policy announcement from the US Fed later in the day. Back home, in the stock specific development, Vedanta surged after the company announced plans to sell up to 6.7 crore equity shares of Hindustan Zinc via an offer for sale.

The BSE Sensex is currently trading at 82390.93, up by 533.45 points or 0.65% after trading in a range of 81887.93 and 82503.97. There were 22 stocks advancing against 8 stocks declining on the index.

The gaining sectoral indices on the BSE were Oil & Gas up by 3.67%, Energy up by 3.06%, Capital Goods up by 2.95%, Power up by 2.44%, PSU up by 2.43% while, Consumer Durables down by 1.09%, FMCG down by 0.90%, Auto down by 0.58%, Healthcare down by 0.29%, TECK down by 0.23% were the losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 3.78%, Eternal up by 2.60%, Bajaj Finance up by 1.87%, Power Grid up by 1.85% and NTPC up by 1.80%. On the flip side, Asian Paints down by 4.53%, Maruti Suzuki down by 2.05%, Hindustan Unilever down by 1.52%, Sun Pharma down by 1.46% and Infosys down by 1.46% were the top losers.

Meanwhile, the Commerce Ministry has said that India has gained duty concessions for its agricultural exports under the newly concluded India-European Union (EU) Free Trade Agreement (FTA) for a wide range of products, including processed foods, tea, coffee, spices, table grapes, sheep and lamb meat. The agreement is expected to help boost exports of these commodities in the 27 nations of the EU, as concessions will enhance the competitiveness of these goods. The other items that will get preferential market access in the EU include gherkins, cucumbers, sweet corn, dried onion, and some other fruits and vegetable products.  

The ministry said strategic safeguards for sensitive sectors like dairy, cereals, poultry, soymeal, certain fruits and vegetables are needed to ensure export growth and protect domestic priorities. India is not providing any import duty concessions on these goods as they are under the exclusion list. India has not given concessions in the dairy sector in any of its FTAs signed so far, as it involves the lives of small and marginalised farmers. It noted that India-EU FTA positions Indian agriculture to capture higher value in European markets, drive sectoral prosperity, and reinforce long-term resilience through sustained livelihood and reliable income opportunities. It also said that the FTA ensures that the goods exported under the pact undergo adequate processing or manufacturing for them to get the originating status and preferential access.

It said the product-specific rules (PSRs) are balanced and aligned with existing supply chains and these rules will ensure substantial processing in the exporting country is undertaken while providing for adequate flexibility to source inputs from global value chains. The agreement, which is expected to come into force this year itself, will reduce the time and associated cost of compliance for Indian exporters by allowing self-certification through a statement on origin.

The CNX Nifty is currently trading at 25337.90, up by 162.50 points or 0.65% after trading in a range of 25225.70 and 25372.10. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were ONGC up by 6.32%, Bharat Electronics up by 4.12%, Hindalco up by 3.90%, Coal India up by 3.41% and Eternal up by 2.48%. On the flip side, Tata Consumer down by 5.15%, Asian Paints down by 4.16%, Eicher Motors down by 3.83%, Maruti Suzuki down by 1.95% and Nestle down by 1.95% were the top losers.

Asian markets were trading mixed; Taiwan Weighted added 420.51 points or 1.3% to 32,738.43, Shanghai Composite strengthened 19.89 points or 0.48% to 4,159.79, KOSPI increased 84.03 points or 1.65% to 5,168.88 and Hang Seng advanced 693.05 points or 2.55% to 27,820.00. However, Nikkei 225 slipped 178.54 points or 0.33% to 53,155.00, Jakarta Composite plunged 659.01 points or 7.92% to 8,321.22 and Straits Times fell 23.86 points or 0.48% to 4,899.16.
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