Indian equity benchmarks continued to surge, with both
Sensex and Nifty holding notable gains, on the back of positive cues from other Asian markets. Traders watched reports that India’s business and consumption
activity showed conflicting signs of recovery in July as elevated inflation,
rising borrowing costs, and fears of a global slowdown weighed on Asia’s
third-largest economy.

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The Sensex is trading at 59,360.82, up by 275.39 points or
0.47% after trading in a range of 59,197.82 and 59,469.24. On the index, 24
stocks advanced and 6 stocks declined.

The broader indices were trading in green with the BSE
Midcap index up by 0.83% and the Small cap index up by 0.74%. The top gaining
sectoral indices on the BSE were Realty up by 1.71%, PSU up by 1.24%, Consumer
Durables up by 1.20%, Metal up by 1.03%, and Power up by 0.87%, while IT down
by 0.08% and TECK down by 0.06% were the only losing indices on BSE.

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The top gainers on the Sensex were SBI up by 1.13%, Maruti
Suzuki up by 1.06%, Hindustan Unilever up by 1.05%, Kotak Mahindra Bank up by
1.05%, and HDFC up by 0.89%. On the flip side, TCS down by 0.33%, HCL Tech.
down by 0.26%, Infosys down by 0.15%, Sun Pharma down by 0.15%, and NTPC down
by 0.09% were the top losers.

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The Nifty is trading at 17,691.75, up by 86.80 points or
0.49% after trading in a range of 17,637.70 and 17,716.35. On the index, 38
stocks advanced and 12 stocks declined.

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The top gainers on Nifty were SBI Life Insurance up by
1.98%, UPL up by 1.68%, Hindalco up by 1.64%, ONGC up by 1.32%, and Divi’s Lab
up by 1.32%. On the flip side, Cipla down by 0.64%, Adani Ports & SEZ down
by 0.39%, TCS down by 0.37%, NTPC down by 0.34% and HCL Tech. down by 0.33%
were the top losers.

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Asian markets were trading mostly in green with the Hang Seng
gaining 299.94 points or 1.56% to 19,568.68, Nikkei 225 surging 165.54 points
or 0.58% to 28,479.01, Taiwan Weighted strengthened 130.85 points or 0.87% to
15,200.04, KOSPI rose 24.62 points or 1.01% to 2,472.07, Shanghai Composite
gained 13.06 points or 0.41% to 3,228.26 and Straits Times advanced 12.39
points or 0.38% to 3,245.87. On the flip side, Jakarta Composite lost 37.36
points or 0.52% to 7,157.35.