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Key gauges trade flat in morning deals
Sep-11-2025

Indian equity benchmarks were trading flat in morning deals, as market participants are keenly awaiting cues from the trade talks between India and the US. Traders remained cautious as exchange data showed Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 115.69 crore on September 10. Traders took a note of Chief Economic Adviser (CEA) V Anantha Nageswaran stated that the goods and services tax (GST) reforms will help offset some of the adverse impacts of steep tariffs of 50 per cent imposed by the US on Indian shipment and the net impact of this on the Gross Domestic Product (GDP) growth would be 0.2-0.3 per cent in the current financial year (FY26). On the positive side, he said, the GST reforms will play a very good offsetting role by substituting domestic demand for whatever export demand that may not materialise from the United States. Sector-wise, power stocks remained in watch as New & Renewable Energy Minister Pralhad Joshi said India's non-fossil fuel electricity generation capacity has jumped over three-fold to touch 250 GW-mark from 81 GW in 2014. The country aims to have 500 GW of renewable energy capacity by 2030. On the global front, Asian markets are trading mostly in green after gains on Wall Street drove stocks and bonds higher, as a drop in producer prices supported bets the Federal Reserve will resume cutting interest rates next week. 

The BSE Sensex is currently trading at 81443.72, up by 18.57 points or 0.02% after trading in a range of 81216.91 and 81583.88. There were 15 stocks advancing against 15 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 0.36%.

The top gaining sectoral indices on the BSE were Oil & Gas up by 1.36%, Utilities up by 1.16%, Power up by 1.09%, Energy up by 1.01% and PSU up by 0.96%, while IT down by 0.73%, Auto down by 0.49%, TECK down by 0.49%, Consumer Disc down by 0.07% and Healthcare down by 0.06% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports &SEZ up by 2.09%, Eternal up by 1.53%, NTPC up by 1.01%, Tata Steel up by 0.74% and Power Grid Corporation up by 0.62%. On the flip side, Infosys down by 1.29%, Tech Mahindra down by 1.14%, Ultratech Cement down by 0.52%, Mahindra & Mahindra down by 0.50% and Maruti Suzuki down by 0.44% were the top losers.

Meanwhile, Fitch Ratings in its Global Economic Outlook (GEO)-September has raised India’s gross domestic product (GDP) growth forecast to 6.9 per cent for current fiscal year (FY26), from 6.5 per cent earlier, citing strong June quarter growth and domestic consumption-led demand. Fitch is the first global rating agency to have upped India’s GDP growth estimates for current fiscal year after the string of downward revisions by various agencies earlier this year due to trade and tariff uncertainties.

It said the pace of economic activity accelerated sharply between the March and June quarters of current fiscal year. The real GDP growth in April-June rose to 7.8 per cent year-on-year, from 7.4 per cent in January-March. In its June GEO report, Fitch had forecast a 6.7 per cent growth for the April-June quarter. Further, it said the trade tensions with the US have increased in recent months, with the US imposing an additional 25 per cent tariff on imports from India. Effective August 27, Indian goods in US attract a 50 per cent duty. 

Moreover, it said ‘We expect this will eventually be negotiated lower, but the uncertainty around trade relations will dampen business sentiment and potentially investment. The government has adopted reforms to the Goods and Services Tax to be effective from September 22, which should modestly boost consumer spending over the remainder of this and the next fiscal years.’  It added domestic demand will be the key driver of growth, as strong real income dynamics support consumer spending and looser financial conditions should feed through to investment.  However, it expects growth to slow in the second half (October-March) of the financial year. For the next fiscal year (2026-27), it projected growth at 6.3 per cent, which would edge down to 6.2 per cent in FY28.

The CNX Nifty is currently trading at 24979.75, up by 6.65 points or 0.03% after trading in a range of 24940.15 and 25008.95. There were 25 stocks advancing against 25 stocks declining on the index.

The top gainers on Nifty were Adani Ports &SEZ up by 1.73%, Adani Enterprises up by 1.64%, Eternal up by 1.51%, Shriram Finance up by 1.40% and NTPC up by 1.09%. On the flip side, Infosys down by 1.34%, Dr. Reddy's Lab down by 1.28%, Bajaj Auto down by 1.28%, Tech Mahindra down by 1.21% and Eicher Motors down by 1.11% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 281.33 points or 0.64% to 44,119.00, Taiwan Weighted added 147.6 points or 0.59% to 25,340.19, Jakarta Composite gained 66.5 points or 0.86% to 7,765.51, Shanghai Composite strengthened 41.24 points or 1.08% to 3,853.46 and KOSPI increased 14.79 points or 0.45% to 3,329.32.

On the flip side, Hang Seng declined 67.26 points or 0.26% to 26,133.00 and Straits Times fell 0.16 points or 0% to 4,346.30, 
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