Indian equity benchmarks
continued to trade on a positive note in the mid-day session, on the back of broad based buying in blue
chip counters as better-than-expected US inflation data eased fears of aggressive
rate hikes from the Federal Reserve. The US CPI Inflation dropped to 8.5% in July
for the first times since April 2022.

The Sensex is trading at 59,350.86, up by 533.57 points or
0.91% after trading in a range of 59,279.94 and 59,484.99. On the index, 22
stocks advanced and 8 stocks declined.

Also Read | Asian shares track Wall Street gains on cooling inflation

The broader indices were trading in green with the BSE Mid
cap index up by 0.85% and the Small cap index up by 0.54%. The top gaining
sectoral indices on the BSE were IT up by 1.62%, Consumer Durables up by 1.60%,
Bankex up by 1.46%, TECK up by 1.18% and Capital Goods was up by 1.14%, while
Telecom down by 0.40%, FMCG down by 0.36%, Metal down by 0.09% and Utilities
was down by 0.01% were the top losing indices on BSE.

Also Read | Indian companies bought Russian coal using yuan, euro instead of US dollar

The top gainers on the Sensex were Tech Mahindra up by
2.55%, Wipro up by 2.23%, Axis Bank up by 2.05%, Titan Co up by 2.04% and ICICI
Bank was up by 1.90%. On the flip side, Bharti Airtel down by 1.13%, ITC down
by 1.08%, NTPC down by 0.61%, Mahindra & Mahindra down by 0.58% and
Hindustan Unilever was down by 0.44% were the top losers.

Also Read | Rupee trades in narrow range against US dollar in early trade

The Nifty is trading at 17,664.60, up by 129.85 points or
0.74% after trading in a range of 17,644.45 and 17,719.30. On the index, 31
stocks advanced and 19 stocks declined.

Also Read | Sensex surges 580 points, Nifty rises by 159 points in early trade

The top gainers on Nifty were Tech Mahindra up by 2.47%,
Wipro up by 2.24%, Axis Bank up by 2.02%, Titan Co up by 1.91% and ICICI Bank
was up by 1.83%. On the flip side, Tata Consumer Products down by 1.77%, Apollo
Hospital down by 1.27%, Bharti Airtel down by 1.17%, ITC down by 1.12% and
Hindalco was down by 0.83% were the top losers.

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Asian markets were trading mostly in green with Jakarta
Composite soaring 72.59 points or 1.02% to 7,158.83, Hang Seng increased 413.14
points or 2.11% to 20,023.98, Taiwan Weighted strengthened 258.83 points or
1.73% to 15,197.85, Shanghai Composite gained 47.78 points or 1.48% to
3,277.80, KOSPI rose 35.91 points or 1.45% to 2,516.79 and Straits Times was up
by 13.66 points or 0.42% to 3,299.99.