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Sensex, Nifty trade higher in early deals following Asian peers
Oct-15-2025

Indian equity benchmarks made a positive start on Wednesday and were trading firm in early deals following gains in Asian counterparts. Sentiments got boost after International Monetary Fund (IMF) revised upwards India's GDP growth forecast for the current fiscal to 6.6 per cent compared to its earlier estimate of 6.4 per cent on the back of strong growth, offsetting the impact of US tariffs on Indian shipments. Traders took note of Financial Services Secretary M Nagaraju’s statement that public sector banks have emerged stronger and more resilient, with credit growth outperforming their private peers in the recent past.

On the global front, Asian markets were trading mostly higher as traders remain optimistic about further interest rate cuts after US Fed Chair Jerome Powell signaled two more quarter-point interest-rate cuts this year, citing a sharp slowdown in hiring. Back home, Gem and Jewellery sector stocks were in limelight as the Gem and Jewellery Export Promotion Council said that the overall gems and jewellery exports rose by 6.55% in September to $2,914.29 million despite global headwinds as festive and wedding season demand gains momentum.

The BSE Sensex is currently trading at 82296.16, up by 266.18 points or 0.32% after trading in a range of 82084.37 and 82412.47. There were 25 stocks advancing against 5 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.74%, while Small cap index was up by 0.33%.

The top gaining sectoral indices on the BSE were Realty up by 1.32%, Telecom up by 1.02%, PSU up by 0.64%, Power up by 0.64% and Metal up by 0.63%, while there was no loser on the BSE sectoral front.

The top gainers on the Sensex were Bajaj Finserv up by 1.65%, Asian Paints up by 1.61%, NTPC up by 1.29%, Bajaj Finance up by 1.26% and Power Grid up by 1.17%. On the flip side, Tech Mahindra down by 1.04%, Axis Bank down by 0.85%, Infosys down by 0.83%, Titan Company down by 0.28% and HDFC Bank down by 0.06% were the top losers.

Meanwhile, International Monetary Fund (IMF) in its latest World Economic Outlook (WEO) has revised upwards India's Gross Domestic Product (GDP) growth forecast by 20 basis points (bps) to 6.6 per cent for the current fiscal (FY26) compared to its earlier estimate of 6.4 per cent on the back of strong growth, offsetting the impact of US tariffs on Indian shipments. However, it lowered the growth forecast by 20 bps to 6.2 per cent for FY27. The Indian economy grew by 7.8 per cent in April-June -- the highest in five quarters -- before the disruptive US tariffs were imposed.

The report said ‘Compared with the July WEO Update, this is an upward revision for 2025, with carryover from a strong first quarter more than offsetting the increase in the US effective tariff rate on imports from India since July, and a downward revision for 2026’. In July, the IMF revised its forecast for India's economic growth to 6.4 per cent for both 2025 and 2026. In its April 2025 WEO, it had projected the country's economic growth at 6.2 per cent for 2025 and 6.3 per cent for 2026.

The IMF further said global growth is projected to slow from 3.3 per cent in 2024 to 3.2 per cent in 2025 and to 3.1 per cent in 2026. This is an improvement relative to the July WEO Update -- but cumulatively 0.2 percentage point below forecasts made before the policy shifts in the October 2024 WEO, with the slowdown reflecting headwinds from uncertainty and protectionism, even though the tariff shock is smaller than originally announced. For emerging market and developing economies, the IMF said the growth is projected to moderate from 4.3 per cent in 2024 to 4.2 per cent in 2025 and 4 per cent in 2026.

The CNX Nifty is currently trading at 25224.70, up by 79.20 points or 0.31% after trading in a range of 25159.35 and 25267.95. There were 42 stocks advancing against 8 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 1.59%, JIO Financial Services up by 1.47%, Bajaj Finserv up by 1.44%, Nestle up by 1.36% and Asian Paints up by 1.27%. On the flip side, Tech Mahindra down by 1.19%, Axis Bank down by 0.97%, Infosys down by 0.79%, Titan Company down by 0.51% and Tata Consumer Products down by 0.28% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 684.68 points or 1.46% to 47,532.00, Hang Seng jumped 328.65 points or 1.28% to 25,770.00, Taiwan Weighted rose 282.61 points or 1.05% to 27,075.76, Straits Times gained 13.16 points or 0.3% to 4,367.68, Shanghai Composite strengthened 4.02 points or 0.1% to 3,869.25 and KOSPI increased 73.28 points or 2.06% to 3,635.09, while Jakarta Composite was down by 42.99 points or 0.53% to 8,023.53.
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