HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Bourses trade with limited gains in early afternoon session
Sep-11-2025

Indian markets continued to trade with limited gains in early afternoon session ahead of India's Consumer Price Index (CPI) data, which set to be released on tomorrow. Besides, traders were tracking developments in India-US trade talks. Investors overlooked Reserve Bank of India’s (RBI) latest data report showing that India’s outward foreign direct investment (OFDI) commitments declined 38.44% to $2097.74 million in August 2025, from $3,407.45 million in August 2024. Sequentially, they declined from $4,075.78 million in July 2025. Sector wise, auto stocks remained in limelight as Commerce and Industry Minister Piyush Goyal has urged auto dealer associations to pass on the benefits of Goods and Services Tax (GST) rate cuts to consumers. He also said that India is concluding free trade agreements (FTAs) and it would give greater market access to the domestic industry. On the global front, all Asian markets were trading higher as traders awaited U.S. consumer price data due later in the day.

The BSE Sensex is currently trading at 81488.81, up by 63.66 points or 0.08% 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 gained 0.20%, while Small cap index was up by 0.33%.

The top gaining sectoral indices on the BSE were Utilities up by 1.44%, Power up by 1.41%, Oil & Gas up by 1.36%, PSU up by 1.09% and Energy was up by 1.04%, while IT down by 0.75%, TECK down by 0.48%, Auto down by 0.36%, Consumer discretionary down by 0.09% and Consumer Durables was down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were NTPC up by 2.07%, Axis Bank up by 1.54%, Power Grid up by 1.25%, Eternal up by 1.05% and Sun Pharma up by 1.05%. On the flip side, Infosys down by 1.39%, Titan Company down by 0.81%, Tech Mahindra down by 0.67%, Ultratech Cement down by 0.58% and Trent down by 0.53% were the top losers.

Meanwhile, India Ratings and Research (Ind-Ra) in its latest report has said that GST rationalisation is likely to bring down the prices of cement by Rs 30-35 per 50 kg bag and lower the cost of construction. This came on back drop of GST Council’s decision to overhaul the current GST regime into a two-slab structure - 5% and 18%. Therefore, cement will attract 18% tax instead of 28%. Ind-Ra has said that the revamp is a ‘structural positive’ for the cement sector and could support demand in the affordable segment, which has been tepid in recent times. It expects companies to largely pass on this benefit by reducing selling prices which will help lower construction costs for infrastructure and housing projects. It noted that the price reduction for consumers could also lead to some upgrading to higher-value brands, benefiting tier 1 players.

However, it has maintained its cement demand growth forecast at 5-7% year-on-year (YoY) as the demand pick-up across segments may not be immediate. It added that the Indian cement demand is likely to slow down to single-digit growth in the seasonally weak second quarter of FY26 as monsoon dampens construction activity. Meanwhile, it noted that the cement industry started this fiscal with a 6% to 7% growth in the June quarter, after having a slow growth in FY25, driven by a healthy recovery in rural demand, supported by real wage growth and increased infrastructure spending. Further, in the second quarter of FY26, the industry had a good start with 12% YoY volume growth in July 2025.

Moreover, rural demand is expected to stay healthy, aided by an above-average monsoon and a fourth consecutive quarter of positive real wages growth, in contrast, it said urban demand is lagging due to decline in new launches in Q1FY26. However, it expects rate cuts to bolster urban demand in second half of the fiscal. Over the capacity utilisation of cement player, Ind-Ra said the cement industry witnessed significant capacity additions in Q1FY26, with around 17 million tonne commissioned out of the 75 MT planned for the full year.

The CNX Nifty is currently trading at 25001.45, up by 28.35 points or 0.11% after trading in a range of 24940.15 and 25008.95. There were 27 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 2.97%, Shriram Finance up by 2.70%, NTPC up by 2.10%, Axis Bank up by 1.51% and Power Grid up by 1.22%. On the flip side, Bajaj Auto down by 1.59%, Infosys down by 1.44%, SBI Life down by 1.29%, Wipro down by 1.14% and Eicher Motors down by 1.05% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 453.33 points or 1.02% to 44,291.00, Shanghai Composite strengthened 63.09 points or 1.65% to 3,875.31, Jakarta Composite gained 61.3 points or 0.8% to 7,760.31, KOSPI increased 29.67 points or 0.9% to 3,344.20, Taiwan Weighted added 23.12 points or 0.09% to 25,215.71, Hang Seng advanced 13.74 points or 0.05% to 26,214.00 and Straits Times was up by 1.81 points or 0.04% to 4,348.27.
  RELATED NEWS >>
Most Viewed >>
September 08 , 2025
MFs vs PMS: Let corpus size and need for flexi
September 09 , 2025
Which stocks will benefit most from recent GST
August 30 , 2025
Rupee tumbles past 88 against dollar to fresh
September 09 , 2025
Jane Street faces off with SEBI in court
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.