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Markets extend opening gains in early deals
Sep-16-2025

Indian equity benchmarks made a positive start on Tuesday tracking overnight gains on Wall Steet. Soon, markets extended their opening gains and were trading higher with decent gains in early deals on account of broad-based buying in all the sector indices led by Utilities, Power and Auto. Traders were optimistic as the government data showed that India's exports rose 6.7% to $35.1 billion in August annually, while imports declined 10.12% to $61.59 billion. Gold imports were down nearly 56% in August, helping to trim merchandise trade deficit to $26.49 billion in August. Some support came as the government data showed that the India’s unemployment rate for persons aged 15 years and above declined for the second month in a row in August, to 5.1%. The unemployment rate was 5.2% in July and 5.6% in both May and June.

On the global front, Asian markets were trading mixed as traders remain cautious and optimistic about an interest rate cut by the US Fed ahead of the Fed's monetary policy announcement on Wednesday. Traders have already factored in a rate cut by the US Fed as a ‘certainty’. Back home, auto stocks were in focus as Union Minister Nitin Gadkari said the government is working to make India's automobile industry number one in the world within five years.

The BSE Sensex is currently trading at 82020.39, up by 234.65 points or 0.29% after trading in a range of 81779.94 and 82038.60. 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 0.33%, while Small cap index was up by 0.60%.

The top gaining sectoral indices on the BSE were Utilities up by 1.04%, Power up by 0.87%, Auto up by 0.72%, Consumer Disc up by 0.55% and Realty up by 0.55%, while there was no loser on the BSE sectoral front.

The top gainers on the Sensex were Axis Bank up by 1.29%, NTPC up by 1.13%, Mahindra & Mahindra up by 1.06%, Kotak Mahindra Bank up by 1.05% and Adani Ports & SEZ up by 0.93%. On the flip side, Asian Paints down by 0.52%, Titan Company down by 0.40%, HDFC Bank down by 0.11%, SBI down by 0.09% and HCL Technologies down by 0.04% were the top losers.

Meanwhile, a NITI Aayog in its report titled 'AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth' has said that accelerated adoption of Artificial Intelligence (AI) across industries can contribute $500-600 billion to India's GDP by 2035 on the back of increased productivity and efficiency in the workforce. The report further said over the next decade, the adoption of AI across sectors is expected to add $17–26 trillion to the global economy. It said ‘India's combination of a large STEM workforce, expanding R&D ecosystem, and growing digital and technology capabilities position the country to participate in this transformation, with the potential to capture 10-15 per cent of global AI value’.

According to the Aayog, projections show that while AI will create many new roles, it will also displace many existing jobs, particularly in clerical, routine, and low-skill segments. It said the analysis shows that financial services and manufacturing can be most impacted and might have up to 20-25 per cent of their sectoral GDP attributed to AI by 2035. AI-led productivity and efficiency improvement could unlock $50-55 billion in financial services, over and above the current estimated growth for the sector by 2035. The report said ‘AI could power automated compliance, fraud detection, and risk management through advanced anomaly detection techniques and privacy-preserving analytics such as secure multi-party computation and federated learning’. 

According to the report, AI-enabled systems can reshape credit decisioning, collections, and portfolio management. By leveraging alternative data sources, banks can make more accurate, dynamic, and inclusive lending decisions It noted that potential AI opportunities for India presently include accelerating AI adoption across industries to improve productivity and efficiency, potentially bridging 30-35 per cent of the gap. It said these effects are expected to materialize across both domestic consumption and export markets. The report also observed that innovation in technology services, strengthening India's reputation as a technology services leader, contributing another 15-20 per cent to the step up could drive the development of higher-value solutions and new business models, enhancing India's competitiveness in the global market.

In manufacturing, the report said $85-100 billion could be driven by AI-led productivity and efficiency improvement over and above India's current growth by 2035. At its current growth rate of 5.7 per cent, India's GDP is projected to reach $6.6 trillion by 2035. However, it said under the aspirational 8 per cent growth trajectory outlined in the government's vision for the nation known as Viksit Bharat, India's GDP could increase to $8.3 trillion, representing an incremental $1.7 trillion compared with the current growth path.

The CNX Nifty is currently trading at 25135.45, up by 66.25 points or 0.26% after trading in a range of 25070.45 and 25140.40. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Axis Bank up by 1.27%, NTPC up by 1.22%, Kotak Mahindra Bank up by 1.21%, Mahindra & Mahindra up by 1.16% and Adani Ports & SEZ up by 0.90%. On the flip side, Indusind Bank down by 0.54%, Asian Paints down by 0.53%, Nestle down by 0.46%, Titan Company down by 0.32% and HDFC Life Insurance down by 0.26% were the top losers.

Asian markets were trading mixed; Taiwan Weighted surged 234.38 points or 0.92% to 25,591.54, Nikkei 225 rose 101.88 points or 0.23% to 44,870.00, Hang Seng advanced 48.44 points or 0.18% to 26,495.00 and KOSPI increased 43.73 points or 1.28% to 3,451.04. On the other hand, Jakarta Composite fell 15.43 points or 0.19% to 7,921.69, Straits Times weakened 4.22 points or 0.1% to 4,334.20 and Shanghai Composite was down by 4.05 points or 0.1% to 3,856.45.
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