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Markets maintain gains in late morning deals
Oct-20-2025

Domestic equity indices maintained their gains in late morning deals on account of buying by funds and retail investors. Buying in Reliance Industries, Axis Bank, Bajaj Finserv, SBI and Tata Motors Passenger companies’ stocks helped Sensex and Nifty to trade above their psychological 84,500 and 25, 850 levels respectively. Positive cues from other Asian markets also supported domestic sentiments. Sentiments were further supported by Indian rupee appreciating 26 paise to 87.75 against the dollar on increased selling of the US currency by exporters and banks. Besides, there was encouragement in the markets as Commerce and Industry Minister Piyush Goyal said that talks between India and the US on a proposed bilateral trade agreement are progressing in a cordial atmosphere and New Delhi will protect the interests of farmers, fishermen and MSME sectors.

On the global front, Asian markets were trading in green following the broadly positive cues from US markets on Friday. Back home, on the BSE sectoral front, traders were seen piling up position in Energy, TECK, Bankex, PSU and Oil & Gas, while selling was witnessed in Basic Materials, Consumer Durables and Metal.

The BSE Sensex is currently trading at 84507.56, up by 555.37 points or 0.66% after trading in a range of 84239.70 and 84656.56. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.63%, while Small cap index up by 0.02%.

The top gaining sectoral indices on the BSE were Energy up by 1.18%, TECK up by 0.98%, Bankex up by 0.85%, PSU up by 0.80% and Oil & Gas up by 0.78%, while Basic Materials down by 0.13%, Consumer Durables down by 0.12% and Metal down by 0.05% were the top losing indices on BSE.

The top gainers on the Sensex were Reliance Industries up by 3.32%, Axis Bank up by 2.51%, Bajaj Finserv up by 2.14%, SBI up by 1.64% and Tata Motors Passenger up by 1.39%. On the flip side, ICICI Bank down by 1.93%, Mahindra & Mahindra down by 0.71%, Eternal down by 0.60%, Ultratech Cement down by 0.51% and Trent down by 0.13% were the top losers.

Meanwhile, rating agency Crisil in its latest report has said that India's exports to the United States have contracted, while shipments to non-US destinations have remained robust, surpassing previous growth figures. According to it, merchandise exports to the US had shown a degrowth by 11.9 per cent to $5.5 billion in September 2025, after recording a 7 per cent growth in August 2025. It noted that without the frontloading of shipments ahead of the tariff hike, the fall would have been sharper.

In contrast, exports to non-US markets expanded by 10.9 per cent in September, accelerating from 6.6 per cent growth in August 2025. The decline in US-bound exports followed the Trump administration's decision to impose a 50 per cent tariff on Indian goods, effective from August 27. It cautioned that India's merchandise exports are facing headwinds from the US tariff hikes and a broader slowdown in global growth.

Crisil expects India's current account deficit (CAD) to remain within manageable limits, supported by strong services exports, steady remittance inflows, and easing crude oil prices. The CAD will be around 1 per cent of GDP in the current fiscal, up from 0.6 per cent in the previous year.

The CNX Nifty is currently trading at 25883.85, up by 174.00 points or 0.68% after trading in a range of 25788.50 and 25926.20. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were Reliance Industries up by 3.37%, Axis Bank up by 2.46%, Bajaj Finserv up by 2.15%, Shriram Finance up by 1.91% and SBI up by 1.86%. On the flip side, ICICI Bank down by 1.98%, Ultratech Cement down by 0.65%, JSW Steel down by 0.64%, Mahindra & Mahindra down by 0.62% and Eternal down by 0.54% were the top losers.

Asian markets are trading in green; Nikkei 225 surged 1407.85 points or 2.87% to 48,990.00, Taiwan Weighted added 412.61 points or 1.49% to 27,714.98, Jakarta Composite gained 155.63 points or 1.93% to 8,071.29, Shanghai Composite strengthened 21.41 points or 0.55% to 3,861.17, KOSPI increased 54.91 points or 1.44% to 3,803.80, Hang Seng advanced 578.9 points or 2.24% to 25,826.00.
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