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Key gauges extend gains in morning deals
Oct-17-2025

Indian equity benchmarks extended gains in morning deals, helped by foreign fund inflows and hopes of US Fed rate cuts. Foreign Institutional Investors (FIIs) bought equities worth Rs 997.29 crore on Thursday, according to exchange data. Some support also came as Commerce and Industry Minister Piyush Goyal stated that India has implemented a number of free trade agreements (FTAs) with developed nations and is in active dialogue for such pacts with nations including the US, Oman, and the EU. Separately, India and Australia have discussed ways to enhance cooperation and promote dialogue in the field of energy efficiency and enabling technologies. India and Australia held the 5th Meeting of the India-Australia Energy Dialogue in New Delhi. On the global front, Asian markets are trading mostly in red due to escalating Sino-U.S. tensions and renewed concerns about the U.S. banking sector. 

The BSE Sensex is currently trading at 83805.02, up by 337.36 points or 0.40% after trading in a range of 83206.08 and 83842.13. There were 20 stocks advancing against 10 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.11%, while Small cap index was down by 0.09%.

The top gaining sectoral indices on the BSE were Consumer Durables up by 1.88%, FMCG up by 1.08%, Auto up by 0.73%, Capital Goods up by 0.40% and Consumer Discretionary up by 0.36%, while IT down by 1.19%, TECK down by 0.54%, Oil & Gas down by 0.41%, PSU down by 0.17% and Energy down by 0.15% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 4.91%, Mahindra & Mahindra up by 2.18%, Bharat Electronics up by 1.55%, Titan Company up by 1.43% and Hindustan Unilever up by 1.38%. On the flip side, Eternal down by 2.07%, Infosys down by 1.84%, HCL Technologies down by 1.29%, Tech Mahindra down by 0.89% and Power Grid Corporation down by 0.62% were the top losers.

Meanwhile, the commerce ministry has indicated that the India and Brazil have agreed to expand the scope of existing preferential trade agreement (PTA) between New Delhi and four South American nation bloc Mercosur to boost economic ties. Mercosur is a trading bloc in Latin America, comprising Brazil, Argentina, Uruguay and Paraguay. The ministry stated that the countries have agreed to try to conclude the negotiations within one year from the launch of negotiations. The India-Mercosur PTA came into effect on June 1, 2009 and has limited coverage and contains only 450 tariff lines or products. 

Now, both sides are looking at expanding the scope of this pact to a full-fledged agreement. Besides, they have agreed that the expansion of the agreement should be substantial, aiming for a significant share of bilateral trade to benefit from tariff preferences; and the expansion should cover both tariff and non-tariff issues related to trade and economic partnership. The Brazilian side indicated that it will work in a coordinated manner with its Mercosur partners towards a substantial, swift, and mutually beneficial deepening of the agreement.

Brazil is the largest trading partner of India in the Latin American and Caribbean region, with bilateral merchandise trade standing at $12.19 billion during 2024-25. Further, both sides are aiming to increase the trade to $20 billion over the next five years. The Commerce and Industry Minister Piyush Goyal has suggested that the expansion of PTA will provide India a larger penetration in the South American market. Moreover, Brazilian Vice President Geraldo Alckmin has expressed confidence that the $20 billion trade target will be achieved. He also said that the Double Taxation Avoidance Agreement with India will help create a predictable and safer business environment. He added that Brazil is ready to launch a digital partnership with India towards artificial intelligence and high-performance computing.

The CNX Nifty is currently trading at 25673.05, up by 87.75 points or 0.34% after trading in a range of 25508.60 and 25685.25. There were 33 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 4.88%, Mahindra & Mahindra up by 2.01%, Bharat Electronics up by 1.75%, Titan Company up by 1.53% and Bharti Airtel up by 1.36%. On the flip side, Wipro down by 4.34%, Eternal down by 1.91%, Infosys down by 1.79%, HCL Technologies down by 1.37% and Tech Mahindra down by 0.95% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 680.74 points or 1.41% to 47,597.00, Taiwan Weighted lost 232.21 points or 0.84% to 27,415.66, Jakarta Composite plunged 180.47 points or 2.22% to 7,944.29, Shanghai Composite weakened 44.84 points or 1.14% to 3,871.39, Hang Seng declined 431.51 points or 1.7% to 25,457.00 and Straits Times fell 21.51 points or 0.49% to 4,334.69.

On the flip side, KOSPI increased 11.13 points or 0.3% to 3,759.50.
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