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Indian Indices: Indian equity benchmarks added some gains in late afternoon session, continued their northward journey on the back of positive opening in the European markets and healthy buying in Realty, Consumer Durables and Telecom stocks. Sentiments remained upbeat with the report that Tax revenue to the central government rose 18% to Rs 17.1 trillion in the year ended 31 March, aided by steady growth in direct taxes and a sharp jump in excise and service tax receipts. 

Some support also came with the report that Federation of Indian Export Organisations (FIEO) expects the merchandise exports from India to witness double-digit growth at around $315 billion and services exports to be about $185 billion in the financial year (FY) 2017-18. Besides, foreign investors pumped in a little over Rs 49,000 crore in the Indian capital markets in 2016-17 after pulling out a hefty sum in the preceding fiscal. However, gains remained limited ahead of the outcome of Reserve Bank of India's policy meet due tomorrow.

The BSE Sensex is currently trading at 29964.45, up by 54.23 points or 0.18% after trading in a range of 29817.69 and 30007.48. There were 17 stocks advancing against 13 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.37%, while Small cap index was up by 1.14%.

The CNX Nifty is currently trading at 9260.85, up by 23.00 points or 0.25% after trading in a range of 9215.40 and 9264.95. There were 31 stocks advancing against 20 stocks declining on the index.

Crporate Front: Five countries, including India and Bangladesh, lead the world in solar home lighting systems and the two south Asian nations together account for 97 per cent of the renewable energy market in the region, says an international body report.The other three leading countries are Kenya, Tanzania and Ethiopia -- all in Africa.

Macroeconomic front: Tractor maker Sonalika ITL today reported its best ever annual sales at 81,531 units, registering a growth of 19.6 per cent in 2016-17, reported PTI. During the year, the company sold 69,290 units in the domestic market, clocking an increase of 18 per cent from the previous fiscal, Sonalika ITL said in a statement.

On the global front:

On the global front, European markets were trading in green as investors eyed on fresh economic data and renewed promises on financial regulation from U.S. President Donald Trump. Asian markets were trading mostly in green. Back home, in scrip specific development, Bharat Forge traded higher with the company planning to raise $500 million in an overseas bond sale. The company will use the money to restructure debt and finance expansion.

Commodity Updates:

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Realty up by 4.43%, Consumer Durables up by 2.67%, Telecom up by 1.65%, Industrials up by 1.32% and Capital Goods up by 1.31%, while IT down by 0.86%, TECK down by 0.31% and FMCG down by 0.09% were the losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were Maruti Suzuki up by 4.12%, Adani Ports & SEZ up by 4.12%, BhartiInfratel up by 2.72%, Hindalco up by 2.40% and Reliance Industries up by 2.40%. On the flip side, HDFC down by 2.61%, Infosys down by 1.41%, Coal India down by 1.36%, HCL Tech. down by 1.28% and Tech Mahindra down by 1.05% were the top losers.

Global Signals:

Asian markets were trading mostly in green; Jakarta Composite increased 1.78 points or 0.03% to 5,653.60, Shanghai Composite increased 47.79 points or 1.48% to 3,270.31, Nikkei 225 increased 51.02 points or 0.27% to 18,861.27, Taiwan Weighted increased 137.96 points or 1.41% to 9,949.48 and Hang Seng increased 139.32 points or 0.57% to 24,400.80. On the flip side, FTSE Bursa Malaysia KLCI decreased 4.89 points or 0.28% to 1,742.30 and KOSPI Index decreased 0.25 points or 0.01% to 2,160.85.

European Markets were trading mostly in green; France’s CAC increased 4.59 points or 0.09% to 5,105.72 and UK’s FTSE 100 increased 25.31 points or 0.35% to 7,347.13. On the flip side, Germany’s DAX decreased 22.53 points or 0.18% to 12,259.81.