Mid Session

The key equity indices traded with modest gains in the afternoon trade, supported by investor optimism amid signs of progress in U.S. trade negotiations with China and India. Market focus has now shifted to the Federal Reserve's upcoming interest rate decision, which is expected to influence near-term sentiment. The Nifty traded above the 25,150 mark. Auto, media and private bank shares advanced, while FMCG, healthcare and pharma shares corrected.

At 13:30 IST, the barometer index, the S&P BSE Sensex, rallied 386.97 points or 0.47% to 82,172.71. The Nifty 50 index added 108.50 points or 0.43% to 25,178.80.

In the broader market, the S&P BSE Mid-Cap index rose 0.31% and the S&P BSE Small-Cap index added 0.55%.

The market breadth was strong. On the BSE, 2,442 shares rose and c shares fell. A total of 192 shares were unchanged.

Gainers & Losers:

Kotak Mahindra Bank (up 2.55%), Larsen & Toubro (up 2.36%), Axis Bank (up 1.70%), Bharti Airtel (up 1.37%) and JSW Steel (up 1.30%) were the major Nifty50 gainers.

Shriram Finance (down 1.16%), HDFC Life Insurance Company (down 0.74%), Asian Paints (down 0.41%), Tata Consumer Products (down 0.44%) and Bajaj Finance (down 0.49%) were the major Nifty50 Losers.

Stocks in Spotlight:

Larsen & Toubro (L&T) advanced 2.34% after the company's Heavy Civil Infrastructure (HCI) business vertical received a significant order from Nuclear Power Corporation of India (NPCIL) for Nuclear Power Project in Tamil Nadu.

John Cockerill India rose 4.43% after securing an Rs 80-crore order from Tata Steel for the engineering, design, manufacture, and supply of a push-pull pickling line and acid regeneration plant at its Jamshedpur Tinplate Division.

JSW Infrastructure advanced 1.70% after the company announced that JSW Kolkata Container Terminal has entered into a concession agreement with the port authority of Syama Prasad Mookerjee Port Authority, Kolkata, for a period of 30 years.

IZMO hit an upper limit of 5% after its division, and izmomicro announced a breakthrough in high-performance motor control technology aimed at industrial automation, electric vehicles, and next-generation energy applications.

Concord Control Systems added 3.04% after the company's associate arm, Progota India has received first order for Kavach 4.0 worth Rs 19.45 crore from South Central Railway, Secunderabad.

Global Markets:

European stocks opened lower on Tuesday, as investors remained cautious ahead of the Federal Reserve policy meeting and assessed developments in the U.S.-China trade talks, alongside key regional economic data.

Asian market traded mixed, with Japan's Nikkei 225 setting the pace for gains. Sentiment improved after U.S. President Donald Trump signaled encouraging progress in trade negotiations with China during talks held in Spain.

The discussions, however, were overshadowed by news of a 'framework' agreement on the divestment of Chinese-owned TikTok. U.S. Treasury Secretary Scott Bessent, reportedly speaking in Madrid on Monday, said the commercial terms of the deal had already been finalized.

Both U.S. President Donald Trump and Chinese President Xi Jinping will speak on Friday to discuss the terms.

Oil prices were in focus today as market participants contemplated potential supply disruption from Russia after Ukrainian drone attacks on its refineries.

Ukraine has intensified attacks on Russia's energy infrastructure in an attempt to impair Moscow's war capability, as talks to end their conflict have stalled.

Overnight on Wall Street, equities ended higher ahead of a closely watched Federal Reserve meeting this week.

The S&P 500 added 0.5% to settle at 6,615.28, closing above the 6,600 mark for the first time. The Nasdaq Composite rose 0.9% to a record 22,348.75, while the Dow Jones Industrial Average inched up 49.23 points, or 0.1%, to finish at 45,883.45.

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