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Wednesday,19-August-2026
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Indian equity markets trade higher in early deals amid positive global cues

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Mumbai, May 21: Indian equity markets traded higher on Thursday in early deals amid hopes of easing tensions in West Asia after Iran said it was reviewing latest proposal to end the conflict.

In the morning trade, Sensex jumped as much as 0.83 per cent or 627 points to hit an intraday high of 75,945, while Nifty traded 0.84 per cent or 200 points higher at 23,859.

On the sectoral front, realty stocks led the gains, with the Nifty Realty index rising 1.5 per cent. Nifty Cement advanced 1 per cent, while chemicals, auto and media indices also traded higher. PSU Bank and metal stocks too remained in positive territory during the session, with all sectoral indices trading in the green.

Meanwhile, from the 50-share benchmark pack, Infosys, Nestle India, Trent, SBI Life Insurance, Sun Pharma, Tata Consumer Products and ONGC were among the top laggards.

Category-wise, smallcap and midcap shares outperformed the benchmarks in early trade. The Nifty Microcap 250 climbed over 1 per cent, while the Nifty Smallcap 500 and Nifty Midcap 150 indices gained up to 1 per cent.

Meanwhile, India VIX declined over 4 per cent to around 18, signalling easing volatility.

Analysts said the recent momentum suggests investors are continuing to adopt a “buy on dips” strategy, supported by easing volatility and improving sentiment around foreign fund flows.

According to market experts, concerns over elevated valuations in AI-linked stocks in South Korean and Taiwanese markets could potentially divert foreign investor interest towards India, where valuations are seen as relatively fair in several pockets.

They added that the trajectory of crude oil prices and rupee stability would remain key factors driving near-term market direction.

Experts further noted that while fourth-quarter earnings have remained largely healthy so far, the impact of higher energy prices may become visible from the first quarter of FY27.

Moreover, market sentiment improved after Iran said it was reviewing Washington’s latest proposal to end the conflict, raising hopes of easing geopolitical tensions in West Asia.

The remarks came after US President Donald Trump indicated that Washington was willing to wait a few days for Tehran’s response, while also warning of renewed attacks if negotiations failed.

In the commodities market, international benchmark Brent crude rose 1.32 per cent to $106.41 per barrel, while US WTI crude jumped nearly 2 per cent to $100.11 per barrel.

Global market sentiment also remained positive. Asian stocks traded in the green, with Japan’s Nikkei rising over 3 per cent, South Korea’s KOSPI surging more than 7 per cent, and Hong Kong’s Hang Seng trading marginally higher.

In the US, Wall Street ended on a bullish note, with the S&P 500 closing 1 per cent higher and the Nasdaq settling 1.54 per cent up.

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New multi-tracking projects to boost rail infrastructure across 4 states: PM Modi

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New Delhi, Aug 19: Prime Minister Narendra Modi said on Wednesday that four multi-tracking projects that have been approved by the Cabinet will provide a major boost to railway infrastructure and connectivity across Andhra Pradesh, Odisha, Tamil Nadu and West Bengal.

These projects will have many benefits, like strengthening passenger and freight movement, reducing congestion and greater logistics efficiency. The better connectivity will also facilitate commerce and tourism in these states, PM Modi said in a post on X.

The multi-tracking projects will add important capacity to the Indian Railways network and benefit lakhs of people, he added.

The projects, which entail a total investment of Rs 9,450 crore, will be completed by 2030-31.

The projects include the Kharagpur – Bhadrak (Ranital) 4th Line across a stretch of 173 km covering West Bengal and Odisha; the second project is a 4th line from Bhadrak to Haridaspur across 75 km in Odisha, while the third is the Gummidipundi – Gudur 3rd and 4th line extending across a distance of 90 km in Andhra Pradesh and Tamil Nadu. The fourth project is the Cuttack to Paradeep (Badabandha) 3rd and 4th lines to cover a 72 km route in Odisha.

The projects are in line with the Prime Minister’s vision of a New India, which will make people of the region “Atmanirbhar” by way of comprehensive development in the area, which will enhance employment opportunities, a statement said.

The projects are planned on the PM-Gati Shakti National Master Plan with a focus on enhancing multi-modal connectivity and logistics efficiency through integrated planning and stakeholder consultations. These projects will provide seamless connectivity for movement of people, goods and services.

The four projects covering eight districts across West Bengal, Odisha, Tamil Nadu and Andhra Pradesh will increase the existing network of Indian Railways by about 410 kms. The proposed multi-tracking projects will enhance connectivity to approximately 6,448 villages with a population of about 60 lakhs.

The proposed capacity enhancement will improve rail connectivity to several prominent tourist destinations across the country, including Kuldiha Wildlife Sanctuary, Bhitarkanika National Park, Maa Bhadrakali temple, Maa Dhamarai temple, Panchalingeswar Temple, Talsari–Udaypur and Chandipur Beach, Pulicat Lake, Nelapattu Bird Sanctuary, Lord Veeraraghava Perumal Temple, Gada Kujanga Jagannath Temple, Sarala Temple, Dhabaleswar Temple and Lalitgiri, a Buddhist site.

The proposed projects are essential routes for transportation of commodities such as coal, iron ore, cement, iron and steel, containers, automobiles and food grains.

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Cabinet okays key Bihar road project for Rs 3,590 crore to boost connectivity, cut congestion

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New Delhi, Aug 19: In a bid to expand Bihar’s National Highway network and facilitate faster movement of goods and passengers, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the upgradation of an 82.578 km length of the Muzaffarpur-Sitamarhi-Sonbarsa Section of NH-22 to four-lane, at a total capital cost of Rs 3,590.73 crore.

The project acts as a key feeder corridor connecting the India–Nepal border at Sonbarsa with economic centres like Muzaffarpur at NH-27 (East–West Corridor).

According to the Cabinet, this will significantly reduce congestion in densely populated areas of Muzaffarpur, Muksudpur, Runni Saidpur, Thumma, Dumra, Bhutahi, and Sonbarsa.

“The Muzaffarpur–Sitamarhi–Sonbarsa stretch of NH-22 holds significant strategic and economic relevance, ensuring seamless linkage to the national freight grid,” a Cabinet communique said.

It not only enhances connectivity to industrial zones like Barauni and riverine logistics hubs but also strengthens cross-border passenger and cargo movement via the nearby Land Port at Bhithamore.

Additionally, the upgraded corridor will enhance connectivity to five PM Gati-Shakti Economic Nodes (four Industrial Estates and one Mega Food Park), four Social Nodes (Baba Garibnath Temple, Mata Janki Temple, Punaura Dham, Muzaffarpur and Sitamarhi aspirational Districts), and two Logistic Nodes (Muzaffarpur and Sitamarhi Railway Stations).

Improved connectivity will facilitate efficient movement of goods and agricultural supply chains, support regional economic growth, and provide better access to important cultural and religious destinations such as the Buddhist Circuit and historic Janaki Punaura Dham Temple, Sitamarhi.

According to the Cabinet, the project has been designed for a speed of 100 kmph with an average speed of 80 kmph, having no at-grade median openings, ensuring fast and safe travel.

Moreover, the project has provision for seven major bridges (including a 340-metre-long major bridge over the perennial Bagmati River), three Railway Over Bridges (ROBs), and two flyovers to maintain cross movement of the traffic and ensure safe, high-speed travel.

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Cabinet okays 4 railway projects worth Rs 9,450 crore

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New Delhi, Aug 19: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved four multi-tracking railway projects with a total investment of Rs 9,450 crore, which will be completed by 2030-31.

The projects include the Kharagpur-Bhadrak (Ranital) 4th Line across a stretch of 173 km covering West Bengal and Odisha; the second project is a 4th line from Bhadrak to Haridaspur across 75 km in Odisha, while the third is the Gummidipundi-Gudur 3rd and 4th line extending across a distance of 90 km in Andhra Pradesh and Tamil Nadu, a Cabinet communique said.

The fourth project is the Cuttack to Paradeep (Badabandha) 3rd and 4th lines to cover a 72 km route in Odisha.

The increased line capacity will significantly enhance mobility, resulting in improved operational efficiency and service reliability for Indian Railways. These multi-tracking proposals are poised to streamline operations and alleviate congestion. The projects are in line with the Prime Minister’s vision of a New India, which will make people of the region “Atmanirbhar” by way of comprehensive development in the area, which will enhance employment opportunities, the statement said.

The projects are planned on the PM-Gati Shakti National Master Plan with a focus on enhancing multi-modal connectivity and logistics efficiency through integrated planning and stakeholder consultations. These projects will provide seamless connectivity for movement of people, goods, and services.

The four projects covering eight districts across West Bengal, Odisha, Tamil Nadu and Andhra Pradesh will increase the existing network of Indian Railways by about 410 km. The proposed multi-tracking projects will enhance connectivity to approximately 6,448 villages with a population of about 60 lakh, the statement said.

The proposed capacity enhancement will improve rail connectivity to several prominent tourist destinations across the country, including the Kuldiha Wildlife Sanctuary, Bhitarkanika National Park, Maa Bhadrakali temple, Maa Dhamarai temple, Panchalingeswar Temple, Talsari–Udaypur and Chandipur Beach, Pulicat Lake, Nelapattu Bird Sanctuary, Lord Veeraraghava Perumal Temple, Gada Kujanga Jagannath Temple, Sarala Temple, Dhabaleswar Temple and Lalitgiri, a Buddhist site.

The proposed projects are essential routes for transportation of commodities such as coal, iron ore, cement, iron and steel, containers, automobiles, food grains, etc. The capacity augmentation works will result in additional freight traffic of magnitude 76 MTPA (Million Tonnes Per Annum). The Railways, being an environment-friendly and energy-efficient mode of transportation, will help both in achieving climate goals and minimising logistics cost of the country, reduce oil import ( around 13 crore litres) and lower CO2 emissions (around 65 crore kg), which is equivalent to the plantation of 2.60 crore trees, the statement added.

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