Indian equity benchmarks saw recovery with marginal gains
in mid-day trading on the back of positive cues from other Asian markets. Sentiments
were boosted, as Finance Minister Nirmala Sitharaman said that while the necessary
stimulus for growth would continue, her ministry and the Reserve Bank of India
(RBI) would work on a pathway to maintain the growth momentum for the next 25
years in order to make India an advanced economy.

The Sensex is trading at 59,276.14, up by 30.16 points or
0.05% after trading in a range of 58,974.26 and 59,566.67. On the index, there
were 11 stocks advancing and 19 stocks declining.

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The broader indices were trading in green with the BSE
Midcap index up by 0.35% and the Small cap index up by 0.30%. The top gaining
sectoral indices on the BSE were Power up by 1.37%, Utilities up by 1.28%,
Energy up by 0.75%, Oil & Gas up by 0.75% and Industrials up by 0.46%,
while IT down by 0.47%, FMCG down by 0.30%, TECK down by 0.11% and Basic
Materials down by 0.06% were the top losing indices on BSE.

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The top gainers on the Sensex were Bharti Airtel up by
2.72%, NTPC up by 1.83%, Reliance Industries up by 0.76%, ICICI Bank up by
0.64% and Power Grid up by 0.58%. On the flip side, Bajaj Finserv down by
1.22%, Nestle down by 0.90%, Asian Paints down by 0.87%, Hindustan Unilever
down by 0.72% and Tech Mahindra down by 0.69% were the top losers.

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The Nifty is trading at 17,668.75, up by 2.95 points or 0.02%
after trading in a range of 17,587.65 and 17,764.65. On the index, there were 19
stocks advancing and 31 stocks declining.

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The top gainers on Nifty were Bharti Airtel up by 2.62%,
Apollo Hospital Ent. up by 1.75%, NTPC up by 1.70%, Cipla up by 1.36% and
Reliance Industries up by 0.75%. On the flip side, Bajaj Finserv down by 1.27%,
Britannia down by 1.23%, Tata Consumer Products down by 0.99%, Asian Paints
down by 0.89% and Nestle down by 0.86% were the top losers.

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Asian markets were trading mostly in green with the Taiwan
Weighted strengthening 16.10 points or 0.11% to 14,677.20, Straits Times advancing
3.25 points or 0.10% to 3,218.73, Nikkei 225 surged 3.57 points or 0.01% to
27,623.18, KOSPI rose 1.90 points or 0.08% to 2,405.58, Shanghai Composite
gained 31.29 points or 0.98% to 3,231.20 and Jakarta Composite soared 8.24
points or 0.11% to 7,240.12, while Hang Seng decreased 79.85 points or 0.42% to
19,145.85.