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Indian markets maintain positive momentum in early noon deals
Sep-12-2025

Indian markets continued their positive momentum in early afternoon session following positive cues from other Asian markets. Investors were hoping that US Federal Reserve likely to cut interest rate in upcoming meeting. Besides, traders kept close eye towards India-US trade talks. Traders took note of a private report that US President Donald Trump’s nominee for the next ambassador to India, Sergio Gor, said the Trump administration wants India, with its massive middle-class market larger than that of the US, to buy American crude and oil products, adding that the ongoing trade talks are aimed in that direction. On the global front, Asian markets were trading mostly in green 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.

The BSE Sensex is currently trading at 81953.47, up by 404.74 points or 0.50% after trading in a range of 81641.38 and 81992.85. 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 0.11%, while Small cap index was up by 0.27%.

The top gaining sectoral indices on the BSE were Capital Goods up by 1.40%, Industrials up by 1.14%, Telecom up by 1.02%, Auto up by 0.71% and TECK was up by 0.43%, while FMCG down by 0.65%, Realty down by 0.18%, Power down by 0.05% and Utilities was down by 0.04% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 3.08%, Bajaj Finance up by 2.04%, Maruti Suzuki up by 1.71%, Larsen & Toubro up by 1.44% and Axis Bank up by 1.34%. On the flip side, Hindustan Unilever down by 1.67%, NTPC down by 0.72%, Eternal down by 0.69%, Power Grid down by 0.44% and Tata Steel down by 0.30% were the top losers.

Meanwhile, Special Secretary in the Department of Commerce Rajesh Agrawal has said 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. He said India is currently negotiating its biggest free trade agreement (FTA) with the European Union, and it is important particularly for the Indian automobile sector, as the auto sector is one of the bloc's key strengths. 

A team of EU officials is holding the 13th round of negotiations for the pact in the national capital, which is progressing at a faster pace. These remarks are important as the EU is seeking duty concessions in the auto sector from India. India has provided duty concessions in the sector for the UK firms under a trade pact between the two countries, which was signed on May 6 this year. Under the pact, tariffs on automotive imports will be reduced from over 100 per cent to 10 per cent under quotas on both sides. India has included adequate safeguards in the FTA with the UK to protect its sensitive sectors. In the automobile segment, the import duty will be reduced over a 10-15-year period.

Agrawal said that these agreements will help not only create domestic capacities but also ensure that the country's entire supply chain has enough resilience. He said ‘for the automobile sector also, if you look at each one of the FTAs, we have been able to secure a much deeper market access for our automobile and auto component sector, and at the same time, India is also protecting its sensitive sectors and providing more protection to them, wherever required.’ To protect sensitive sectors like auto, he said, India always tries to include provisions for the gradual opening up of these segments. He added ‘we are trying to negotiate those provisions also wherein we see that our market access is gradually opened up in over 5 to 10 years in many sectors, and in many sectors, we reserve the right beyond a certain quota to see that our complete market is not open for the FTA part’.  

He further said 'so we are trying to calibrate a lot of these negotiations in a manner where we preserve, protect and support our domestic industry. But at the same time, give some access to our emerging market to those countries also in exchange of which they can give us deep market access in their economy because we believe economies of scale and deeper integration with global economies will also play a very important role in how the global supply chains are rearranged in months and years to come and if we have to be a very important dominant part of it, I think we need to play a proactive role in this.'

The CNX Nifty is currently trading at 25122.65, up by 117.15 points or 0.47% after trading in a range of 25038.05 and 25139.45. There were 33 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were Bharat Electronics up by 3.04%, Bajaj Finance up by 2.04%, Shriram Finance up by 2.01%, Eicher Motors up by 1.87% and Maruti Suzuki up by 1.72%. On the flip side, Hindustan Unilever down by 1.73%, Wipro down by 0.80%, Eternal down by 0.69%, NTPC down by 0.68% and Indusind Bank down by 0.63% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 405.5 points or 0.91% to 44,778.00, Hang Seng advanced 300.68 points or 1.14% to 26,387.00, Taiwan Weighted added 258.93 points or 1.02% to 25,474.64, Jakarta Composite gained 80.76 points or 1.03% to 7,828.67 and KOSPI increased 51.34 points or 1.51% to 3,395.54. On the flip side, Shanghai Composite weakened 4.17 points or 0.11% to 3,871.14 and Straits Times was down by 8.34 points or 0.19% to 4,347.48.
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