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Sensex, Nifty trade firm in early deals
Oct-16-2025

Indian equity benchmarks made an optimistic start on Thursday amid strong global cues driven by hopes of Federal Reserve rate cut. Sensex and Nifty were trading firm in early deals with gains of around half a percent each amid ongoing India-US trade talks and encouraging Q2 earnings results. Some support also came amid foreign fund inflows. Foreign investors net bought shares worth Rs 161.84 crore on Wednesday. Traders took encouragement as Commerce and Industry Minister Piyush Goyal said that the IMF's upward revision of India's GDP growth forecast for the current fiscal to 6.6 per cent reflects the country's economic resilience and strong fundamentals.

On the global front, Asian markets were trading mostly higher amid positive hints of another rate cut in a speech by U.S. Fed Chair Jerome Powell as traders assessed the implications of escalating U.S.-China trade friction. Meanwhile, the Cabinet Office said the value of core machinery orders in Japan was down a seasonally adjusted 0.9 percent on month in August - coming in at 890.0 billion yen.

The BSE Sensex is currently trading at 82984.09, up by 378.66 points or 0.46% after trading in a range of 82791.35 and 83027.30. 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 0.39%, while Small cap index was up by 0.63%.

The top gaining sectoral indices on the BSE were Auto up by 1.03%, Consumer Discretionary up by 0.96%, Consumer Durables up by 0.88%, Telecom up by 0.86% and Realty up by 0.74%, while Oil & Gas down by 0.11% and IT down by 0.07% were the only losing indices on BSE.

The top gainers on the Sensex were Axis Bank up by 2.65%, Titan Company up by 1.72%, Adani Ports & SEZ up by 1.41%, Eternal up by 1.33% and Mahindra & Mahindra up by 1.13%. On the flip side, Infosys down by 0.56%, TCS down by 0.44%, Tata Steel down by 0.29%, Sun Pharma down by 0.25% and Bajaj Finserv down by 0.12% were the top losers.

Meanwhile, Crisil Intelligence, in its report for October 2025, has said that a benign inflation outlook may prompt the Monetary Policy Committee (MPC) to cut policy rates to support growth which faced downside risks due to imposition of higher US tariffs in the second half of the fiscal. The report said the MPC kept policy rates unchanged during its review meeting on October 1, and maintained a neutral policy stance. It said ‘We expect the consumer price index (CPI) inflation to soften to 3.2 per cent in the current financial year from 4.6 per cent in the last fiscal.’

Referring to the fiscal health of the economy, the report said the government has targeted a reduction in the Centre's fiscal deficit to 4.4 per cent of the GDP in the current financial year from 4.8 per cent in the previous fiscal. The government plans to borrow Rs 6.77 lakh crore from the market in the second half of the current financial year as against Rs 8 lakh crore in the first half. Overall, the gross market borrowings are estimated to be five per cent higher at Rs 14.7 lakh crore in the current financial year.

According to the report, crude oil prices are likely to average $62 to $67 per barrel in the current financial year compared to the average of $78.8 per barrel in the last financial year. It further said that the current account deficit is expected to remain in the comfort zone of one per cent of the GDP in fiscal 2026 compared to 0.6 per cent of GDP in fiscal 2025.

The CNX Nifty is currently trading at 25431.40, up by 107.85 points or 0.43% after trading in a range of 25376.85 and 25440.95. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were Axis Bank up by 2.60%, Adani Enterprises up by 1.70%, Titan Company up by 1.70%, Bajaj Auto up by 1.56% and Adani Ports & SEZ up by 1.47%. On the flip side, HDFC Life Insurance down by 2.78%, SBI Life Insurance down by 1.34%, Shriram Finance down by 1.06%, Infosys down by 0.63% and TCS down by 0.49% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 524.33 points or 1.1% to 48,197.00, Taiwan Weighted jumped 308.6 points or 1.13% to 27,584.31, Jakarta Composite gained 86.88 points or 1.08% to 8,138.06, KOSPI increased 74.36 points or 2.03% to 3,731.64 and Shanghai Composite was up by 3.89 points or 0.1% to 3,916.10. On the other hand, Hang Seng declined 127.6 points or 0.49% to 25,783.00 and Straits Times was down by 20.14 points or 0.46% to 4,348.28.
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