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Sensex, Nifty trade slightly higher in early deals after negative start
Sep-11-2025

Indian equity benchmarks made flat-to-negative start on Thursday but soon gained momentum and entered into green terrain amid private report indicating that the sixth round of talks over an India-United States trade agreement will take place shortly. Sensex and Nifty were trading slightly higher in early deals amid value buying in Oil & Gas and PSU counters. Some support came as Commerce and Industry Minister Piyush Goyal said that India is in active dialogue with the United States for a free trade agreement. 

On the global front, Asian markets are trading mostly higher tracking overnight gains on Wall Steet amid increasing optimism the US Fed will lower interest rates a couple of times this year after report showed softer-than-expected US producer price figures. Meanwhile, the Bank of Japan said producer prices in Japan were down 0.2 percent on month in August. Back home, cement stocks were in focus as report from India Ratings and Research (Ind-Ra) said the GST rationalisation will bring down the prices of cement by Rs 30-35 per 50 kg bag and lower the cost of construction.

The BSE Sensex is currently trading at 81466.29, up by 41.14 points or 0.05% after trading in a range of 81216.91 and 81583.88. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.14%, while Small cap index was up by 0.32%.

The gaining sectoral indices on the BSE were Oil & Gas up by 1.22%, PSU up by 0.90%, Energy up by 0.89%, Utilities up by 0.87% and Power up by 0.86%, while IT down by 0.53%, TECK down by 0.38%, Auto down by 0.17%, Healthcare down by 0.14% were the few losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.73%, Adani Ports & SEZ up by 1.50%, NTPC up by 1.29%, SBI up by 0.54% and TCS up by 0.50%. On the flip side, Infosys down by 1.18%, Tech Mahindra down by 0.87%, Ultratech Cement down by 0.49%, Kotak Mahindra Bank down by 0.47% and Hindustan Unilever down by 0.37% were the top losers.

Meanwhile, expressing optimism over India-US trade deal, Commerce and Industry Minister Piyush Goyal has said that India is in ‘active dialogue’ with the United States for a free trade agreement. He said that negotiations are going on with the European Union as well in the national capital for concluding a trade agreement. He added that India is also in talks with New Zealand for a trade pact.

He further said that India has already concluded trade pacts with Mauritius, EFTA bloc, the UK, UAE and Australia. Also, he said ‘We will soon finalise second tranche of trade agreement with Australia’. India and Australia have already implemented an interim trade agreement in 2022 and are now negotiating to widen its scope into a comprehensive trade pact. He noted that a trade pact with Oman too is expected to be announced soon.

The US has imposed a 50 per cent import duty on Indian goods entering American markets from August 27. It is affecting exports of labour-intensive sectors such as shrimp, textiles, leather and footwear. India and the US have been negotiating a bilateral trade agreement since March. So far, five rounds of negotiations have been completed. For the sixth round, the US team, which was to visit India last month, deferred their visit. Trade relations between the two countries have been strained due to the high tariffs.

The US is India’s largest trading partner with a $191 billion bilateral trade in goods and services. America is also the third-largest investor in India, with $76.26 billion FDI coming into India during April 2000 and June 2025. America accounts for 10 per cent of the total FDI India has received during the period.

The CNX Nifty is currently trading at 24982.45, up by 9.35 points or 0.04% after trading in a range of 24940.15 and 25008.95. There were 27 stocks advancing against 22 stocks declining, while 1 stock remain unchanged on the index.

The top gainers on Nifty were Eternal up by 1.70%, Adani Ports & SEZ up by 1.47%, NTPC up by 1.31%, ONGC up by 0.72% and JIO Financial Services up by 0.71%. On the flip side, Dr. Reddy's Lab down by 1.24%, Infosys down by 1.21%, SBI Life Insurance down by 0.95%, Wipro down by 0.90% and Tech Mahindra down by 0.81% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 358.33 points or 0.82% to 44,196.00, Taiwan Weighted jumped 202.72 points or 0.8% to 25,395.31, Jakarta Composite gained 75.74 points or 0.98% to 7,774.75, Shanghai Composite strengthened 42.88 points or 1.12% to 3,855.10 and KOSPI increased 13.03 points or 0.39% to 3,327.56. On the other hand, Hang Seng declined 67.26 points or 0.26% to 26,133.00 and Straits Times was down by 0.22 points or 0.01% to 4,346.24.

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