Indian equity markets magnified their gains and were trading
higher by over one and quarter percent in late morning deals as market
participants indulged in enlarging their positions. There was broad based
buying witnessed in the markets and apart from the blue chips, the broader
markets also participated in the rally. Hectic buying in Mahindra &
Mahindra, Adani Ports, Titan, Tata Motors and Tech Mahindra helped the markets
to magnify their gains. Positive cues from other Asian markets supported
domestic sentiments. Traders took note of CRISIL’s report that the tariff hikes
proposed by Donald Trump may pose threat to India's exports but the country's
surplus in services trade and robust remittances flow may provide comfort. All
the sectoral indices on the BSE were trading in green led by Consumer Durables,
Auto, Realty, IT and Consumer Disc.
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