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Benchmarks trade firm in early deals amid optimism over India-US trade deal
Sep-17-2025

Indian equity benchmarks made a positive start on Wednesday and were trading firm in early deals amid optimism over India-US trade deal. The Commerce Ministry said that the discussions with visiting US Chief Negotiator Brendan Lynch on the proposed bilateral trade agreement were positive and forward looking. Foreign fund inflows also aided domestic sentiments. Foreign investors bought shares worth Rs 308.32 crore on a net basis on Tuesday. On the sectoral front, energy related stocks were in focus as rating agency ICRA highlighted that the regulatory assets (RA) position for seven state discoms remains elevated at around Rs 3 trillion.

On the global front, Asian markets were trading mixed following the broadly negative cues from global markets overnight, as traders fear the widely expected interest rate cut of a quarter point by the US Fed later in the day will be too little after recent US jobs and inflation numbers. They remain cautious and are reluctant to make significant moves ahead of the announcement. Back home, in stock specific development, Coal India gained after it won a bid for a rare earth exploration block.

The BSE Sensex is currently trading at 82658.05, up by 277.36 points or 0.34% after trading in a range of 82490.47 and 82720.76. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.21%, while Small cap index was up by 0.55%.

The top gaining sectoral indices on the BSE were Capital Goods up by 1.11%, Industrials up by 0.91%, IT up by 0.61%, PSU up by 0.50% and Energy up by 0.49%, while Metal down by 0.21%, Utilities down by 0.15%, Consumer Durables down by 0.10%, Realty down by 0.03% and FMCG down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 2.87%, Ultratech Cement up by 1.11%, Tata Motors up by 0.89%, Kotak Mahindra Bank up by 0.85% and Trent up by 0.78%. On the flip side, Adani Ports & SEZ down by 0.55%, Titan Company down by 0.53%, Eternal down by 0.49%, Tata Steel down by 0.47% and ITC down by 0.28% were the top losers.

Meanwhile, amid ongoing trade talks between Indian and the US, the Commerce Ministry has said that the day-long discussions with visiting US Chief Negotiator Brendan Lynch and its team on a proposed bilateral trade agreement were positive and forward looking. It noted that both sides agreed to push for an early and mutually beneficial conclusion of the agreement. The Ministry added ‘It was decided to intensify efforts to achieve early conclusion of a mutually beneficial trade agreement’. From India's side, the discussions were led by Rajesh Agarwal, Special Secretary, Department of Commerce.

The ministry further said both sides will continue the discussions in virtual mode and will also decide on a mutually convenient date for the next physical meeting. The day-long talks are important as the US has imposed a steep 50 per cent tariff on Indian goods. This was the first visit by a high-ranking US trade official after the imposition of a 25 per cent tariff and an additional 25 per cent penalty on Indian goods entering the American market for buying Russian crude oil.

In February, the leaders of the two countries directed officials to negotiate a proposed Bilateral Trade Agreement (BTA). It was planned to conclude the first tranche of the pact by the fall of 2025. So far, five rounds of negotiations have been held, and the talks for the sixth round, which were scheduled from August 25-29, were postponed following the imposition of the high import duties. Meanwhile, India defended purchasing Russian crude oil, saying it was driven by national interest and market dynamics.

The CNX Nifty is currently trading at 25315.75, up by 76.65 points or 0.30% after trading in a range of 25275.35 and 25342.15. There were 34 stocks advancing against 16 stocks declining on the index.

The top gainers on Nifty were Bharat Electronics up by 3.03%, Tata Consumer Products up by 2.86%, Ultratech Cement up by 1.10%, Tata Motors up by 0.95% and Coal India up by 0.95%. On the flip side, Adani Ports & SEZ down by 0.65%, Hindalco down by 0.56%, Titan Company down by 0.56%, Tata Steel down by 0.53% and Eicher Motors down by 0.48% were the top losers.

Asian markets are trading mixed; Taiwan Weighted lost 116.09 points or 0.45% to 25,513.55, Nikkei 225 slipped 58.27 points or 0.13% to 44,844.00, KOSPI dropped 24.87 points or 0.72% to 3,424.75 and Straits Times fell 12.05 points or 0.28% to 4,325.69. On the other hand, Hang Seng jumped 406.49 points or 1.51% to 26,845.00, Shanghai Composite strengthened 15.68 points or 0.41% to 3,877.55 and Jakarta Composite was up by 4.71 points or 0.06% to 7,962.41.
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