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Indices keep heads below natural lines in late morning deals
Sep-15-2025

Indian equity indices kept their heads below natural lines in late morning deals on account of selling in Asian Paints, Infosys, Titan, Tech Mahindra and TCS companies’ stocks. Rising crude oil prices weighed on the domestic sentiments. Crude oil prices rose as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could disrupt its crude and fuel exports. Traders overlooked report that the research and ratings firm Crisil said India’s headline inflation during 2025-26 is projected to be 3.2 per cent, lower than its earlier estimate of 3.5 per cent.  On the BSE sectoral front, traders were seen pilling up positions in Realty, Telecom, Industrials, Power and Capital Goods, while selling was witnessed in IT, TECK, Consumer Durables, Healthcare and Auto.

On the global front, Asian markets were trading mixed as traders remained cautious ahead of the U.S. Federal Reserve’s meeting on Wednesday. Back home, in the stock specific development, Engineers India surged after the company secured an order worth Rs 618 crore from a fertiliser company in Africa.    

The BSE Sensex is currently trading at 81831.27, down by 73.43 points or 0.09% after trading in a range of 81779.82 and 81998.51. There were 12 stocks advancing against 18 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.17%, while Small cap index up by 0.54%.

The top gaining sectoral indices on the BSE were Realty up by 0.89%, Telecom up by 0.78%, Industrials up by 0.70%, Power up by 0.69% and Capital Goods up by 0.59%, while IT down by 0.97%, TECK down by 0.71%, Consumer Durables down by 0.55%, Healthcare down by 0.46% and Auto down by 0.17% were the losing indices on BSE.

The top gainers on the Sensex were Bajaj Finance up by 1.18%, Eternal up by 0.64%, Adani Ports up by 0.61%, Trent up by 0.56% and Larsen & Toubro up by 0.55%. On the flip side, Asian Paints down by 1.53%, Infosys down by 1.35%, Titan down by 1.21%, Tech Mahindra down by 1.14% and TCS down by 1.12% were the top losers.

Meanwhile, the Engineering Export Promotion Council (EEPC), India, has urged the government to provide support to absorb a part of the punitive tariff imposed by the US on engineering exports. It also requested the Centre to reinstate the Interest Equalisation Scheme (IES) and ensure affordable export finance. It stated that Indian exporters face a duty disadvantage of nearly 30 per cent compared to competing nations. It said ‘while the industry can absorb 15 per cent of the tariff, we seek government support for the remaining 15 per cent either through scrips or by allowing exchange conversion at the REER rate of exchange.’

EEPC India Chairman Pankaj Chadha stated that the engineering sector was under pressure due to the recent tariff action by the US, and needed urgent support to remain competitive. He said India’s engineering exports to the USA average around $20 billion, which accounts for nearly 45 per cent of the country’s total engineering exports exposed to US tariffs. He said ‘this underscores the vulnerability of our sector and the urgent need for government support’. 

He called for reinstating the IES, particularly for MSMEs or the SME manufacturing units in the engineering sector, and highlighted the difficulties exporters face in accessing collateral-free loans. MSMEs continue to face problems when seeking finance from banks and financial institutions because of high collateral requirements. The credit rating system used by banks further hurts them, leading to higher interest rates and collateral demands. He also suggested that rating agencies should not factor in the US tariff exposure while assessing exporters’ creditworthiness, at least for this year. 

The CNX Nifty is currently trading at 25087.45, down by 26.55 points or 0.11% after trading in a range of 25064.65 and 25138.45. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Bajaj Finance up by 1.16%, Coal India up by 1.05%, Adani Ports up by 0.77%, Trent up by 0.72% and Eternal up by 0.59%. On the flip side, Asian Paints down by 1.63%, Dr. Reddy's Lab down by 1.38%, Infosys down by 1.35%, Titan down by 1.21% and Tech Mahindra down by 1.18% were the top losers.

Asian markets were trading mixed; Nikkei 225 surged 395.62 points or 0.88% to 44,768.12, Jakarta Composite gained 55.58 points or 0.7% to 7,909.64, KOSPI increased 11.62 points or 0.34% to 3,407.16 and Hang Seng advanced 82.84 points or 0.31% to 26,471.00. However, Taiwan Weighted lost 100.61 points or 0.4% to 25,374.03, Shanghai Composite weakened 3.71 points or 0.1% to 3,866.89 and Straits Times fell 3.11 points or 0.07% to 4,341.13.


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