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Indices end higher amid optimism over US-India trade talks
Sep-10-2025

Indian equity benchmarks closed higher on Wednesday aided by strong foreign fund inflows. Exchange data showed Foreign Institutional Investors (FIIs) turned net buyers in the Indian equity market on Tuesday, with FIIs purchasing stocks worth Rs 2,050.46 crore. Hopes of a breakthrough in India-US trade talks also supported the markets. However, profit booking in Auto stocks and rise in crude oil prices capped further gains. 

Some of the important factors in trade: 

Fitch ups India’s FY26 GDP forecast to 6.9%: Fitch Ratings has upped India's GDP growth forecast for current fiscal year to 6.9 per cent from 6.5 per cent earlier on the back of strong June quarter growth and domestic demand drivers. 

Rupee gains against US Dollar after hitting record low: Indian rupee recovered slightly from its record low level and ended with a minor gains against the US dollar aided by strong foreign fund inflows and a weaker greenback. 

India eyeing markets of 40 nations for pushing textile exports: Union Minister Giriraj Singh said that India is eyeing markets of 40 countries for pushing its textile exports following the imposition of 50 per cent tariffs by the US, which is the biggest market for the country's apparel shipments.

ECGC plans measures to help exporters deal with high tariffs: The Commerce Ministry said Export Credit Guarantee Corporation (ECGC) has proposed several measures, including covering losses from non-delivery of goods and providing enhanced cover for banks up to an export credit limit of Rs 50 crore, to help exporters cope with tariff disruptions.

Positive global cues: European markets were trading higher amidst the strong rally in Wall Street on Tuesday fueled by Fed rate cut hopes. Asian markets settled higher as the larger-than-expected decline in consumer prices in China reignited hopes of fresh governmental support. Expectations that the new political establishment in Japan would support a less hawkish monetary policy also boosted sentiment amidst the political uncertainty.

Finally, the BSE Sensex rose 323.83 points or 0.40% to 81,425.15 and the CNX Nifty was up by 104.50 points or 0.42% to 24,973.10.    

The BSE Sensex touched high and low of 81,643.88 and 81,235.42 respectively. There were 19 stocks advancing against 11 stocks declining on the index.  

The broader indices ended in green; the BSE Mid cap index rose 0.84%, while Small cap index was up by 0.72%.

The top gaining sectoral indices on the BSE were IT up by 2.48%, Capital Goods up by 1.88%, TECK up by 1.59%, PSU up by 1.29% and Industrials up by 1.20%, while Auto down by 1.21%, Consumer discretionary down by 0.52%, Consumer Durables down by 0.22% and Telecom down by 0.10% were the losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 4.26%, HCL Technologies up by 2.57%, Bajaj Finance up by 2.19%, TCS up by 1.99% and Tech Mahindra up by 1.88%. On the flip side, Mahindra & Mahindra down by 2.47%, Maruti Suzuki down by 1.53%, Tata Motors down by 0.91%, Ultratech Cement down by 0.60% and Eternal down by 0.43% were the top losers.

Meanwhile, Union Minister of Textiles Giriraj Singh has said that India is eyeing markets of 40 countries for pushing its textile exports following the imposition of 50 per cent tariffs by the US, which is the biggest market for the country's apparel shipments. Together, these 40 countries represent nearly $600 billion in textile and apparel imports, offering vast opportunities for India to enhance its market share. 

He said that efforts were also underway for leveraging India's free trade agreements with 15 countries as key markets for boosting textile exports from India. He stated ‘It is true that we were working with the US for several decades. Going ahead, we will work with them if things work out fine (Aage bhi baat banegi toh kaam karenge). But we will also search new markets.’

He admitted that this was definitely a transit phase for the textiles sector as they had gone into a comfort zone. Further, he assured that there will be no job losses in the sector, the second largest employer in India after agriculture. He said ‘India will compete in America and also for the $800 billion market for textile exports globally. We are only able to contribute around 4 per cent of the $800 billion with our exports at $36 billion.’

The CNX Nifty touched high and low of 25,035.70 and 24,915.05 respectively. There were 35 stocks advancing against 15 stocks declining on the index.   
The top gainers on Nifty were Bharat Electronics up by 4.58%, Wipro up by 2.63%, HCL Technologies up by 2.60%, HDFC Life Insurance up by 2.21% and Bajaj Finance up by 2.01%. On the flip side, Mahindra & Mahindra down by 2.36%, Bajaj Auto down by 1.60%, Maruti Suzuki down by 1.50%, Hero MotoCorp down by 1.45% and Eicher Motors down by 0.81% were the top losers. 

European markets were trading higher; UK’s FTSE 100 increased 38.52 points or 0.42% to 9,281.05, France’s CAC rose 40.41 points or 0.52% to 7,789.80 and Germany’s DAX gained 51.65 points or 0.22% to 23,770.10. 

Asian markets settled higher on Wednesday, tracking the Wall Street’s rally overnight and as a massive downward revision to the US jobs data cemented hopes of a quarter-percentage rate cut by the Federal Reserve next week. Meanwhile, markets were awaiting two key US inflation reports that could determine what Federal Reserve policymakers will do at their meeting next week. Japanese shares gained on rises in technology shares with hopes for robust demand for artificial intelligence. Expectations that the new political establishment in Japan would support a less hawkish monetary policy also boosted market sentiment amidst the political uncertainty. Chinese shares rose as the larger-than-expected decline in consumer prices in China reignited hopes of fresh governmental support. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,812.22

4.93

0.13

Hang Seng

26,200.26

262.13

1.01

Jakarta Composite

7,699.01

70.40

0.92

KLSE Composite

1,590.75

3.94

0.25

Nikkei 225

43,837.67

378.38

0.87

Straits Times

4,346.46

48.89

1.14

KOSPI Composite

3,314.53

54.48

1.67

Taiwan Weighted

25,192.59

337.41

1.36
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