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Domestic indices maintain gains in late morning deals
Sep-16-2025

Domestic equity indices maintained their gains in late morning deals on account of buying by funds and retail investors. Meanwhile, the broader markets also participated in the rally with BSE Mid cap index and Small cap index gaining in the range of 0.40-0.60%. Sentiments got boost as the commerce ministry in its latest data has showed that India's merchandise exports rose 6.71 per cent to $35.1 billion in August 2025 as compared to $32.89 billion in August 2024. The sentiments were further supported by Indian rupee appreciating 12 paise to 88.04 against the dollar at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks. All the sectoral indices on the BSE were trading in green led by Utilities, Power, Auto, Telecom and Industrials.

On the global front, Asian markets were trading mostly in green following positive cues from the US markets overnight. Some support also came in as President Donald Trump said that the U.S.-China trade negotiations in Spain were progressing well. Back home, in the stock specific development, John Cockerill India surged after the company received an order worth about Rs 80 crore from Tata Steel.

The BSE Sensex is currently trading at 82118.24, up by 332.50 points or 0.41% after trading in a range of 81779.94 and 82168.32. There were 23 stocks advancing against 7 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.44%, while Small cap index up by 0.59%.

The top gaining sectoral indices on the BSE were Utilities up by 1.03%, Power up by 1.02%, Auto up by 0.88%, Telecom up by 0.74% and Industrials up by 0.69%, while there were no losers.

The top gainers on the Sensex were Kotak Mahindra Bank up by 2.24%, Axis Bank up by 1.58%, Larsen & Toubro up by 1.30%, NTPC up by 1.16% and Bharti Airtel up by 0.93%. On the flip side, Titan down by 0.61%, Asian Paints down by 0.45%, Bajaj Finance down by 0.42%, Infosys down by 0.17% and Tech Mahindra down by 0.15% were the top losers.

Meanwhile, Union Minister Nitin Gadkari has said that the government is working to make India's automobile industry number one in the world within five years. Gadkari said the automobile sector pays maximum GST revenue to the government and generates employment opportunities. He pointed out that all big automobile companies are present in the country.

He stated ‘When I took charge as transport minister, the size of the Indian automobile industry was Rs 14 lakh crore. The size of Indian automobile industry now is Rs 22 lakh crore.’ Presently, the size of the US automobile industry is Rs 78 lakh crore, followed by China (Rs 47 lakh crore) and India (Rs 22 lakh crore).

Moreover, he said India is the fastest-growing economy in the world and the dream of Prime Minister Narendra Modi is to make India the third-largest economy. He said ‘We need to develop good infrastructure for achieving this target.’ Referring to the quality of highways construction, he said quality of detailed project reports (DPRs) made in India are not good. A DPR, which includes surveys, investigations and designs, is essential to the project implementation process.

The CNX Nifty is currently trading at 25168.30, up by 99.10 points or 0.40% after trading in a range of 25070.45 and 25181.85. There were 37 stocks advancing against 13 stocks declining on the index.

The top gainers on Nifty were Kotak Mahindra Bank up by 2.29%, Axis Bank up by 1.60%, Larsen & Toubro up by 1.35%, NTPC up by 1.25% and Hero MotoCorp up by 1.07%. On the flip side, Titan down by 0.60%, Tata Consumer down by 0.58%, Asian Paints down by 0.45%, Bajaj Finance down by 0.43% and Nestle down by 0.38% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 219.88 points or 0.49% to 44,988.00, Taiwan Weighted added 271.23 points or 1.07% to 25,628.39, KOSPI increased 41.86 points or 1.23% to 3,449.17 and Hang Seng advanced 47.44 points or 0.18% to 26,494.00. However, Jakarta Composite plunged 21.85 points or 0.28% to 7,915.27, Shanghai Composite weakened 1.83 points or 0.05% to 3,858.67 and Straits Times fell 7.21 points or 0.17% to 4,331.21.

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