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EQUITY
Post Session: Quick Review
Sep-17-2025

Indian equity benchmarks ended in positive territory with significant gains on Wednesday, as sentiments remained buoyant amid optimism over ongoing trade talks with US as well as expectations that the Federal Reserve would cut interest rates later in the day. Markets made positive start and remained higher throughout the session, supported by positive discussions on trade deal with US officials. 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.

Some of the important factors in trade:

Foreign fund inflows: Some support came as exchange data showed Foreign institutional investors (FIIs) were turned buyers on Tuesday as they bought equities worth Rs 308.32 crore. 

India set to attract investments worth Rs 80 lakh crore in coming years: Traders took some support with Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal’s statement that India is set to attract investments worth Rs 80 lakh crore, generate over 1.5 crore jobs, and accelerate green shipping practices in the coming years.

India’s exports to US falling due to high tariffs: Traders overlooked the Think tank GTRI’s statement that India's exports to the US are falling as high tariffs imposed by the Trump administration have started eroding the price competitiveness of domestic goods in Washington.

Global front: European markets were trading mostly in green as traders took note of the latest U.K. inflation data reinforced expectations that the Bank of England will keep rates unchanged this week. Asian markets ended mixed amid U.S. President Donald Trump said he would speak to Chinese President Xi Jinping on Friday to confirm the details of the agreement. 

The BSE Sensex ended at 82693.71, up by 313.02 points or 0.38% after trading in a range of 82490.47 and 82741.95. There were 20 stocks advancing against 10 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.19%, while Small cap index up by 0.51%. (Provisional)

The top gaining sectoral indices on the BSE were PSU up by 1.27%, Capital Goods up by 0.96%, Bankex up by 0.75%, Industrials up by 0.75% and IT up by 0.72%, while Metal down by 0.49%, Telecom down by 0.42%, Utilities down by 0.33%, Consumer Durables down by 0.16% and FMCG down by 0.16% were the top losing indices on BSE. (Provisional) 

The top gainers on the Sensex were SBI up by 2.91%, Bharat Electronics up by 2.41%, Kotak Mahindra Bank up by 1.43%, Maruti Suzuki up by 1.35% and Trent up by 1.21%. On the flip side, Bajaj Finserv down by 0.99%, Titan Company down by 0.97%, ITC down by 0.71%, Tata Steel down by 0.64% and ICICI Bank down by 0.26% were the top losers. (Provisional)

Meanwhile, the Global Trade Research Initiative (GTRI) said India's exports to the US are falling as high tariffs imposed by the Trump administration have started eroding the price competitiveness of domestic goods in Washington. It said August shipments to the US plunged to $6.7 billion, down 16.3 per cent from July -- the steepest monthly fall of 2025 -- as US duties doubled to 50 per cent by month's end. In July, exports dipped 3.6 per cent to $8 billion over June. The month of June had also seen a decline of 5.7 per cent to $8.3 billion over May. May 2025 was the last month of growth, as shipments to the US rose 4.8 per cent over April to $8.8 billion. In April, exports to the US stood at $8.4 billion.

GTRI Founder Ajay Srivastava has stated that the slide in exports closely tracks the rapid escalation of tariffs. He said until April 4, Indian goods entered the US at normal MFN (most favoured nation) rates. From April 5, Washington imposed a universal 10 per cent tariff, which initially failed to dent trade flows as importers rushed to front-load purchases -- explaining May's export rise. By June, however, the sustained 10 per cent duty and growing talk of country-specific measures began eroding India's price competitiveness, and orders shifted to alternative suppliers, pulling exports down by nearly 6 per cent. The decline deepened in July under the same tariff regime. 

He said the real blow came in August when the tariffs shot up to 25 per cent on August 7, and then doubled to 50 per cent on August 27, for most products. This left little room for exporters to adjust, resulting in the sharpest month-on-month contraction yet. September is expected to show an even steeper fall, as it will be the first month fully exposed to the 50 per cent rate. He also said that roughly one-third of India's exports, including pharmaceuticals and smartphones to the US are tariff-exempt, which means the effective hit on tariff-exposed goods is far deeper than headline figures suggest. Labour-intensive sectors like apparel, gems and jewellery, leather, shrimp, and carpets are under severe stress because the US accounts for 30-60 per cent or more of their global exports.

According to GTRI estimates, if the 50 per cent tariffs remain through the end of FY 2026, India could lose $30-35 billion in US exports -- a major blow considering the US accounts for nearly 20 per cent of India's goods exports. Srivastava suggested that the government should extend support measures to exporters. He said without quick relief, the prolonged tariff wall could lead to job losses and weaken its overall trade performance heading into 2026.  

The CNX Nifty ended at 25330.25, up by 91.15 points or 0.36% after trading in a range of 25275.35 and 25346.50. There were 34 stocks advancing against 16 stocks declining on the index. (Provisional)

The top gainers on Nifty were Tata Consumer Products up by 4.05%, SBI up by 3.08%, Bharat Electronics up by 2.31%, Maruti Suzuki up by 1.46% and Kotak Mahindra Bank up by 1.41%. On the flip side, Bajaj Finserv down by 1.12%, Titan Company down by 0.95%, ITC down by 0.92%, HDFC Life Insurance down by 0.81% and SBI Life Insurance down by 0.81% were the top losers. (Provisional)

European markets were trading mostly in green; UK’s FTSE 100 increased 19.23 points or 0.21% to 9,214.89, and Germany’s DAX gained 17.06 points or 0.07% to 23,346.30, while France’s CAC fell 11.02 points or 0.14% to 7,807.20.

Asian markets ended mixed on Wednesday tracking Wall Street's gains overnight and ahead of the Federal Reserve interest rate decision later in the day, with a 25-bps rate cut already priced in. Investors ignored data showing US factory production unexpectedly increased in August and retail sales rose at a brisk pace for the third month in a row. Chinese shares rose as the US and China reached a framework agreement to switch short-video app TikTok to US-controlled ownership. Japan’s Nikkei index slipped, retreating from record highs after weak trade data raised concerns over Japan's export-dependent economy. Data showed that Japan's trade deficit widened sharply from yen 118.4 billion to yen 242.5 billion in August.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,876.34

14.47

0.37

Hang Seng

26,908.39

469.88

1.78

Jakarta Composite

8,025.18

67.48

0.85

KLSE Composite

1,611.70

11.57

0.72

Nikkei 225

44,790.38

-111.89

-0.25

Straits Times

4,323.78

-13.96

-0.32

KOSPI Composite

3,413.40

-36.22

-1.05

Taiwan Weighted

25,438.25

-191.39

-0.75
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