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Bourses magnify gains in early afternoon session
Apr-10-2026

Indian markets magnified their gains in early afternoon session as traders preferred to buy fundamental strong stocks. Besides, positive cues from other Asian markets also helped markets to extend their gains. Traders took note of a report that the Asian Development Bank (ADB) projected India's GDP growth to remain robust at 6.9 per cent in the current fiscal, and rise to 7.3 per cent in next fiscal driven by strong domestic demand, and supported by easing financing conditions and lower US tariffs on Indian goods. Meanwhile, deepening cooperation, India and the United States (US) have agreed to further their cooperation under Pax Silica and broader economic and technology engagements, including in AI and critical minerals. On the global front, all Asian markets were trading higher amid hopes of US-Iran peace talks. Meanwhile, China’s factory-gate prices rose for the first time in more than three years, climbing 0.5%, while consumer prices rose 1% in March 2026 from a year earlier. 

The BSE Sensex is currently trading at 77438.87, up by 807.22 points or 1.05% after trading in a range of 76851.16 and 77501.40. There were 25 stocks advancing against 5 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 2.49%, Auto up by 2.41%, Consumer Durables up by 2.19%, Consumer discretionary up by 2.08% and Bankex was up by 1.89%, while IT down by 2.33% and TECK down by 1.59% were the few losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 4.10%, ICICI Bank up by 2.90%, Mahindra & Mahindra up by 2.72%, Axis Bank up by 2.42% and Interglobe Aviation up by 2.30%. On the flip side, Sun Pharma down by 4.83%, Infosys down by 3.48%, TCS down by 3.04%, HCL Tech down by 2.55% and Tech Mahindra down by 2.14% were the top losers.

Meanwhile, deepening cooperation, India and the United States (US) have agreed to further their cooperation under Pax Silica and broader economic and technology engagements, including in AI and critical minerals. The issues figured were during discussions between Foreign Secretary Vikram Misri and US Under Secretary of State for Economic Affairs Jacob S Helberg. Earlier in February 2026, India formally joined Pax Silica on the sidelines of the AI Impact Summit, expanding its technology cooperation with the US. Pax Silica brings strategic partnerships and coordinated action across every layer of the supply chain.

The Foreign Secretary is on a three-day visit to the US to review the bilateral relationship, particularly in trade and defence sectors. Further, he interacted with experts from think tanks on the India-US relations and the ongoing geopolitical developments and their implications on global energy, food and economic security.

Meanwhile, India's merchandise exports to the US declined 12.88% year-on-year to $6.88 billion in February 2026 impacted by high tariffs imposed by the US.  Exports to the US also contracted in September, October, December last year and January this year, before rebounding 22.61% in November. In contrast, imports from the US have grown by 36.53% to $4.48 billion in February.

The CNX Nifty is currently trading at 24019.15, up by 244.05 points or 1.03% after trading in a range of 23856.35 and 24036.20. There were 42 stocks advancing against 8 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 4.10%, Eicher Motors up by 3.41%, ICICI Bank up by 2.92%, Bajaj Auto up by 2.87% and Mahindra & Mahindra up by 2.73%. On the flip side, Sun Pharma down by 4.76%, Infosys down by 3.53%, TCS down by 3.04%, HCL Tech down by 2.49% and Tech Mahindra down by 2.16% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 1056.68 points or 1.86% to 56,952.00, Taiwan Weighted added 556.67 points or 1.57% to 35,417.83, Hang Seng advanced 169.6 points or 0.66% to 25,922.00, Jakarta Composite gained 147.87 points or 1.98% to 7,455.46, KOSPI increased 80.86 points or 1.38% to 5,858.87, Shanghai Composite strengthened 20.54 points or 0.52% to 3,986.71 and Straits Times was up by 3.75 points or 0.08% to 4,980.83.
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