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EQUITY
Key gauges end marginally higher on Thursday
Sep-11-2025

Indian equity benchmarks ended marginally higher on Thursday buoyed by gains in Oil & Gas, Power and Energy related stocks, tracking a rally in global peers amid Fed rate cut hopes. Renewed optimism over the resumption of India-US trade talks also supported investor sentiment. However, foreign fund outflows and rise in crude oil prices capped the gains.  

Some of the important factors in trade: 

India, US in talks for Free Trade Agreement: Commerce and Industry Minister Piyush Goyal 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.

India not replacing US Dollar for trade: Chief Economic Adviser V Anantha Nageswaran said that the country is not pursuing any proposal to replace the US dollar as international currency for global trade. 

Rupee hits record low: Indian rupee slumped and closed for the day at an all-time low against the US dollar, as ongoing tariff issue between India and the US weighed heavily on the domestic currency's vulnerability.

GST cut to boost auto sector growth: Industry body SIAM said the recent reduction in GST rates on automobiles will inject fresh growth momentum into the Indian automotive sector, make vehicles more affordable and enable broader access to personal mobility.  

Global front: European markets were trading higher with France's political crisis and the ECB rate decision in the spotlight. Asian markets settled mostly higher as a drop in U.S. producer prices fueled hopes of Federal Reserve rate cuts and helped offset rising geopolitical tensions and widespread political turmoil in South Asia. 

Finally, the BSE Sensex rose 123.58 points or 0.15% to 81,548.73 and the CNX Nifty was up by 32.40 points or 0.13% to 25,005.50.    

The BSE Sensex touched high and low of 81,642.22 and 81,216.91 respectively. There were 16 stocks advancing against 14 stocks declining on the index.  

The broader indices ended mixed; the BSE Mid cap index rose 0.14%, while Small cap index was down by 0.01%.

The top gaining sectoral indices on the BSE were Oil & Gas up by 1.19%, Power up by 1.06%, Energy up by 0.96%, Utilities up by 0.95% and PSU up by 0.86%, while IT down by 0.58%, Auto down by 0.32%, Consumer discretionary down by 0.15%, TECK down by 0.10% and Consumer Durables down by 0.05% were the top losing indices on BSE.

The top gainers on the Sensex were NTPC up by 1.69%, Axis Bank up by 1.56%, Power Grid Corp up by 1.33%, Eternal up by 1.17% and Bharti Airtel up by 1.17%. On the flip side, Infosys down by 1.51%, Titan Company down by 1.09%, Ultratech Cement down by 0.85%, Hindustan Unilever down by 0.84% and Bharat Electronics down by 0.76% 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 touched high and low of 25,037.30 and 24,940.15 respectively. There were 24 stocks advancing against 26 stocks declining on the index.  

The top gainers on Nifty were Adani Enterprises up by 2.90%, Shriram Finance up by 2.55%, NTPC up by 1.80%, Axis Bank up by 1.64% and Eternal up by 1.22%. On the flip side, Bajaj Auto down by 1.35%, Infosys down by 1.33%, Eicher Motors down by 1.14%, Titan Company down by 1.12% and SBI Life Insurance down by 1.10% and were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 49.16 points or 0.53% to 9,274.55, France’s CAC rose 68.38 points or 0.88% to 7,829.70 and Germany’s DAX gained 59.95 points or 0.25% to 23,692.90.

Asian markets settled mostly higher on Thursday as an unexpected fall in US producer prices fueled hopes of Federal Reserve rate cuts next week. Meanwhile, investors were awaiting US consumer inflation data due later in the day. Japanese shares rallied, boosted by gains in technology shares as tariff worries eased, and data showed Japan's wholesale inflation rose 2.7% year-on-year in August, matching expectations. Chinese shares gained on renewed optimism about artificial intelligence technology. Seoul shares surged to reach a new record high after President Lee Jae Myung said he would not pursue plans to revise a capital gains tax on stock investments. However, Hong Kong shares declined on profit taking after recent strong gains to a four-year high on expectations for improved earnings growth and policy support from China.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,875.31

63.09

1.63

Hang Seng

26,086.32

-113.94

-0.43

Jakarta Composite

7,747.90

48.89

0.64

KLSE Composite

1,582.85

-7.90

-0.50

Nikkei 225

44,372.5

534.83

1.22

Straits Times

4,355.82

9.36

0.21

KOSPI Composite

3,344.20

29.67

0.89

Taiwan Weighted

25,215.71

23.12

0.09
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