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Sensex, Nifty trade higher with decent gains in early deals; CPI data eyed
Sep-12-2025

Indian equity benchmarks made a positive start on Friday tracking overnight gains on Wall Street as well as firm trade in Asian counterparts, as weaker than expected U.S. consumer price inflation and producer price inflation data as well as recent downbeat monthly jobs data have reinforced expectations of a US Fed rate cut at next week's meeting. Sensex and Nifty were trading higher with decent gains in early deals on account of buying in Telecom, Auto and Oil & Gas stocks. Some support came as the government said that the GST reforms will bring down the overall tax on coal and reduce the cost of power generation. Meanwhile, market participants were looking ahead to the India’s consumer price index (CPI) data for the month of August to be out later in the day. 

On the sectoral front, auto stocks were buzzing on account of healthy buying amid Special Secretary in the Department of Commerce Rajesh Agrawal stating that the proposed trade pact with the European Union (EU) will provide huge opportunities for the domestic auto industry to boost exports and forge new partnerships with leading automobile giants from the 27-nation bloc.

The BSE Sensex is currently trading at 81695.30, up by 146.57 points or 0.18% after trading in a range of 81641.38 and 81836.66. There were 21 stocks advancing against 9 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.28%, while Small cap index was up by 0.26%.

The top gaining sectoral indices on the BSE were Telecom up by 0.99%, Auto up by 0.87%, Oil & Gas up by 0.60%, Utilities up by 0.56% and Realty up by 0.55%, while FMCG down by 0.49% was the sole losing index on BSE.

The top gainers on the Sensex were Tata Motors up by 1.76%, Infosys up by 1.21%, Maruti Suzuki up by 1.12%, Axis Bank up by 0.92% and Larsen & Toubro up by 0.84%. On the flip side, Hindustan Unilever down by 0.97%, Eternal down by 0.66%, HDFC Bank down by 0.60%, Tech Mahindra down by 0.45% and SBI down by 0.31% were the top losers.

Meanwhile, exporters' body -- the Federation of Indian Export Organisation (FIEO) has sought immediate intervention of the Reserve Bank of India (RBI), citing multiple challenges faced by the export sector, including rising tariffs, input cost inflation, demand volatility, and stressed that banks must act not just as financial enablers but as long-term partners in export sustainability. Due to disruptions in international supply chains, exporters are facing delays in procurement, production, and shipment schedules. FIEO suggested that banks should offer flexible credit solutions, timely restructuring of credit, and advisory support to help exporters maintain their operations and global commitments.

It told RBI ‘Banks must step in not just as financial enablers but as long-term partners in export sustainability. We request RBI's guidance to ensure banks adopt a proactive and compassionate posture’. It suggested ‘To ensure continuity of operations, we request an extension in the pre-shipment credit period. This will help exporters manage their working capital effectively, meet quality standards, and uphold contractual obligations without being financially strained due to delays outside their control’. It has also asked for a one-time moratorium of 12 months on both principal and interest repayments would be immensely beneficial.

The FIEO has recommended that as the Emergency Credit Line Guarantee Scheme (ECLGS) has proved vital during the pandemic, a similar government-backed, collateral-free credit scheme, tailored for exporters, specially SMEs, is the need of the hour. To deal with the delayed payments from foreign buyers and customs-related bottlenecks, it has asked for an extension of the remittance period for general merchandise exports from 9 months to 12 months, and for gold jewellery exports, 180 days. Further, it has stated that despite healthy export growth, over 15 per cent in rupee terms between 2021-22 and 2023-24, net outstanding export credit declined by more than 5 per cent between March 2022 and March 2024. Although export credit is classified under priority sector lending, the actual flow remains inadequate. FIEO has therefore proposed earmarking a dedicated sub-target of 2-2.5 per cent within the overall 40 per cent priority sector lending target exclusively for export credit.

The CNX Nifty is currently trading at 25049.70, up by 44.20 points or 0.18% after trading in a range of 25038.05 and 25089.75. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Eicher Motors up by 1.83%, Tata Motors up by 1.60%, Hero MotoCorp up by 1.37%, Maruti Suzuki up by 1.17% and Axis Bank up by 1.15%. On the flip side, Wipro down by 1.08%, Hindustan Unilever down by 0.93%, Eternal down by 0.66%, Nestle down by 0.58% and HDFC Bank down by 0.53% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 432.5 points or 0.97% to 44,805.00, Hang Seng jumped 422.68 points or 1.59% to 26,509.00, Taiwan Weighted surged 190.77 points or 0.76% to 25,406.48, Jakarta Composite rose 89.36 points or 1.15% to 7,837.27, KOSPI strengthened 43.36 points or 1.3% to 3,387.56 and Shanghai Composite added 9.4 points or 0.24% to 3,884.71, while Straits Times was down by 10.89 points or 0.25% to 4,344.93.
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