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Markets trade higher in late afternoon session
Oct-05-2026

Indian equity markets were trading higher in the late afternoon session as crude oil prices retreated from their recent highs, easing the inflationary concerns. Sentiments also remained optimistic after cooler than expected US jobs data trimmed expectations of interest rate hike by US Federal Reserve this month. Further, investors were sanguine about the country’s economic resilience after Finance Ministry said the Indian economy is estimated to have grown by 7.3% in the September quarter (Q2) of the current fiscal year (FY27). On the global front, Asian equity markets were trading mostly in green tracking positive cues from Wall Street on Friday.  European equity markets were trading mostly in red amid worries over rising borrowing costs and political instability in France.

The BSE Sensex is currently trading at 72344.70, up by 435.00 points or 0.60% after trading in a range of 71840.18 and 72631.93. There were 18 stocks advancing against 12 stocks declining on the index.

The top gaining sectoral indices on the BSE were Telecom up by 2.03%, FMCG up by 1.24%, Utilities up by 0.89%, Bankex up by 0.78% and Power up by 0.60%, while Healthcare down by 1.13%, IT down by 0.22% and Auto down by 0.04% were the only losing indices on BSE.

The top gainers on the Sensex were ITC up by 2.76%, Bajaj Finance up by 2.22%, Eternal up by 2.11%, NTPC up by 1.74% and Reliance Industries up by 1.65%. On the flip side, HCL Technologies down by 3.43%, Asian Paints down by 2.38%, HDFC Bank down by 1.81%, Infosys down by 1.56% and Sun Pharmaceutical Industries down by 1.51% were the top losers.

Meanwhile, amid continuing geopolitical disruptions in West Asia and mounting pressures on maritime logistics across the Gulf and neighbouring regions, the Department of Commerce has extended the timelines under Component II of RELIEF - Resilience & Logistics Intervention for Export Facilitation, a time-bound intervention under the Export Promotion Mission (EPM).

Component II of the RELIEF scheme encourages exporters to obtain ECGC cover for upcoming shipments to the specified regions, with 95% risk coverage. The component is available for Stand Alone Policies or Whole Turnover Policies obtained on or after March 16, 2026. The types of cargo covered under the benefits include Full Container Load (FCL), Less than Container Load (LCL), and Reefer containers (excluding energy shipments). Further, this component of RELIEF ensures that the premium paid by exporters shall not be increased beyond the pre-disruption level for the eligible period.

Launched on March 19, 2026, RELIEF provides targeted support to Indian exporters facing elevated freight costs, higher insurance premia and war-related risks arising from disruptions across the Gulf and wider West Asian maritime corridor. The above extension reflects Government of India’s commitment to ensure export resilience, sustaining trade flows and supporting exporters amid the prevailing geopolitical and logistics uncertainties.

The CNX Nifty is currently trading at 22553.10, up by 131.15 points or 0.58% after trading in a range of 22397.10 and 22621.80. There were 32 stocks advancing against 18 stocks declining on the index.

The top gainers on Nifty were ITC up by 4.47%, BSE up by 4.07%, NTPC up by 2.63%, Tata Motors Passenger Vehicles up by 2.52% and Shriram Finance up by 2.48%. On the flip side, HCL Technologies down by 3.21%, Max Healthcare Inst. down by 2.45%, Asian Paints down by 2.23%, HDFC Bank down by 2.07% and Apollo Hospital Enterprise down by 1.68% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 1614.54 points or 2.31% to 69,924.00, Taiwan Weighted added 1236.3 points or 2.49% to 49,712.04, Straits Times rose 24.61 points or 0.43% to 5,659.43 and Jakarta Composite gained 68.27 points or 1.12% to 6,105.16, while Hang Seng declined 32.29 points or 0.13% to 23,940.00. Meanwhile, Chinese and South Korean markets remained closed on account of holiday.

European equity markets were trading mostly in red; France’s CAC fell 80.19 points or 1.03% to 7,817.00 and Germany’s DAX lost 6.9 points or 0.03% to 25,224.30, while UK’s FTSE 100 increased 42.55 points or 0.41% to 10,504.50.
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